http://www.telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/7111332/Tea-Party-moves-from-margins-to-mainstream-in-US-politics.html
This is the real definition of the Tea Party movement. They are a group of average Americans that can no longer relate to an ever growing grossly overpopulated government that is destroying the foundation on which our country was formed.
The Tea Party movement is a catch-all phrase to describe a movement of everyday Americans who are asserting themselves for the first time in their lives because they fear the direction this country is going," he told The Sunday Telegraph. "They are great people and our campaign is built on the same principles."
Sarah Palin belongs to the big government crowd, her extravagant waste (the bridge to no where, one among others)guarantees her a seat in the governments hall of shame, for extravagant wasters.
Be aware of all those that want too ride the coattails of the American peoples anger to suit there own agenda.
If she could walk away from Alaska and her constituents there, her actions of self service must always remain in the forefront of the public's mind and not something to be disregarded lightly.
The movement is certainly experiencing some growing pains. Most notably, major splits have emerged ahead of the first Tea Party convention in Nashville this week over the $550 ticket charge for participants, to pay a reported $100,000 speaking fee for Sarah Palin.
Sunday, January 31, 2010
Friday, January 29, 2010
Secret Banking Cabal Emerges From AIG Shadows
http://www.bloomberg.com/apps/news?pid=20601039&sid=aaIuE.W8RAuU
There is no secret to the fact that the FED was looking out for it own.
What else can it be perceived as?
The conflict of interest cannot be over looked in this situation, it's to blatantly in your face to be able to do so.
The hearing before the House Committee on Oversight and Government Reform also focused on what many in Congress believe was the New York Fed’s subsequent attempt to cover up buyout details and who benefited.
By pursuing this line of inquiry, the hearing revealed some of the inner workings of the New York Fed and the outsized role it plays in banking. This insight is especially valuable given that the New York Fed is a quasi-governmental institution that isn’t subject to citizen intrusions such as freedom of information requests, unlike the Federal Reserve.
This impenetrability comes in handy since the bank is the preferred vehicle for many of the Fed’s bailout programs. It’s as though the New York Fed was a black-ops outfit for the nation’s central bank.
Geithner’s Bosses
The New York Fed is one of 12 Federal Reserve Banks that operate under the supervision of the Federal Reserve’s board of governors, chaired by Ben Bernanke. Member-bank presidents are appointed by nine-member boards, who themselves are appointed largely by other bankers.
As Representative Marcy Kaptur told Geithner at the hearing: “A lot of people think that the president of the New York Fed works for the U.S. government. But in fact you work for the private banks that elected you.”
There is no secret to the fact that the FED was looking out for it own.
What else can it be perceived as?
The conflict of interest cannot be over looked in this situation, it's to blatantly in your face to be able to do so.
The hearing before the House Committee on Oversight and Government Reform also focused on what many in Congress believe was the New York Fed’s subsequent attempt to cover up buyout details and who benefited.
By pursuing this line of inquiry, the hearing revealed some of the inner workings of the New York Fed and the outsized role it plays in banking. This insight is especially valuable given that the New York Fed is a quasi-governmental institution that isn’t subject to citizen intrusions such as freedom of information requests, unlike the Federal Reserve.
This impenetrability comes in handy since the bank is the preferred vehicle for many of the Fed’s bailout programs. It’s as though the New York Fed was a black-ops outfit for the nation’s central bank.
Geithner’s Bosses
The New York Fed is one of 12 Federal Reserve Banks that operate under the supervision of the Federal Reserve’s board of governors, chaired by Ben Bernanke. Member-bank presidents are appointed by nine-member boards, who themselves are appointed largely by other bankers.
As Representative Marcy Kaptur told Geithner at the hearing: “A lot of people think that the president of the New York Fed works for the U.S. government. But in fact you work for the private banks that elected you.”
Did An 8.6 Quake Hit China?
Did An 8.6 Quake Hit China?
--------------------------------------------------------------------------------
http://www.rense.com/general89/emsc.htm
One can only wonder if this is a part of the ramifications of Israel's experimental earthquake research.
We don't know what happened yesterday, but two seismic monitoring stations * some 1300 miles apart * both reported an 8.6 earthquake in China. Maybe it was a weapons test.
However, a large magnitude temblor struck in nearly this same location (36.50ºN, 105.70ºE) on December 12, 1920. The Haiyuan quake killed 200,000 people, caused landslides and collapsed thousands of homes. Various magnitudes were reported for this temblor ranging from 7.8 to 8.5. Aftershocks shook the country for three years following.
Below are two screen snapshots from reporting stations that still show an earthquake occurred. The INSF is from Switzerland and Red Puma is from Romania.
--------------------------------------------------------------------------------
http://pakalert.wordpress.com/2010/01/25/israel-makes-waves-by-simulating-an-earthqua
--------------------------------------------------------------------------------
http://pakalert.wordpress.com/2010/0...an-earthquake/
IsraelNN.com) The Seismologic Division of the Ministry of National Infrastructure’s Geophysical Institute will attempt to simulate an earthquake in the southern Negev on Thursday. The experiment, financed by the U.S. Defense Department, is a joint project with the University of Hawaii and is part of a scientific project intended to improve seismological and acoustic readings in Israel and its environs, up to a 1,000 km/621 mile radius.
The experiment intends to improve the understanding of sound waves in the atmosphere. Scientists will then be able to fine-tune Israel’s seismological equipment to give advance warning of earthquakes. Measurements will also be taken in other countries, including Cyprus, Greece, France, and Germany.
Israel will create a controlled explosion of 80 tons of explosive material, which will simulate the intensity of a tremor after an earthquake of Magnitude 3. Natural earthquakes of a similar intensity occur in the Middle East region about once a week, without the public feeling them.
The results from the experiment will be available to the entire scientific community and is expected to make an additional contribution to scientific research of sound waves in the atmosphere and earthquakes.
In the last few years, the Geophysical Institute has created several earthquake simulations in order to calibrate its equipment.
--------------------------------------------------------------------------------
http://www.rense.com/general89/emsc.htm
One can only wonder if this is a part of the ramifications of Israel's experimental earthquake research.
We don't know what happened yesterday, but two seismic monitoring stations * some 1300 miles apart * both reported an 8.6 earthquake in China. Maybe it was a weapons test.
However, a large magnitude temblor struck in nearly this same location (36.50ºN, 105.70ºE) on December 12, 1920. The Haiyuan quake killed 200,000 people, caused landslides and collapsed thousands of homes. Various magnitudes were reported for this temblor ranging from 7.8 to 8.5. Aftershocks shook the country for three years following.
Below are two screen snapshots from reporting stations that still show an earthquake occurred. The INSF is from Switzerland and Red Puma is from Romania.
--------------------------------------------------------------------------------
http://pakalert.wordpress.com/2010/01/25/israel-makes-waves-by-simulating-an-earthqua
--------------------------------------------------------------------------------
http://pakalert.wordpress.com/2010/0...an-earthquake/
IsraelNN.com) The Seismologic Division of the Ministry of National Infrastructure’s Geophysical Institute will attempt to simulate an earthquake in the southern Negev on Thursday. The experiment, financed by the U.S. Defense Department, is a joint project with the University of Hawaii and is part of a scientific project intended to improve seismological and acoustic readings in Israel and its environs, up to a 1,000 km/621 mile radius.
The experiment intends to improve the understanding of sound waves in the atmosphere. Scientists will then be able to fine-tune Israel’s seismological equipment to give advance warning of earthquakes. Measurements will also be taken in other countries, including Cyprus, Greece, France, and Germany.
Israel will create a controlled explosion of 80 tons of explosive material, which will simulate the intensity of a tremor after an earthquake of Magnitude 3. Natural earthquakes of a similar intensity occur in the Middle East region about once a week, without the public feeling them.
The results from the experiment will be available to the entire scientific community and is expected to make an additional contribution to scientific research of sound waves in the atmosphere and earthquakes.
In the last few years, the Geophysical Institute has created several earthquake simulations in order to calibrate its equipment.
Thursday, January 28, 2010
Morgan Stanley, UBS and Barclays sued by Federal Home Loan Bank of Seattle
http://market-ticker.denninger.net/archives/1913-This-Is-What-SHOULD-Be-Happening-FHLB-Suit.html
Good luck Seattle, heres hoping justice serves you well.
This is exactly what I have advocated for the last two years:
Morgan Stanley, UBS and Barclays were among banks sued by Federal Home Loan Bank of Seattle, which seeks to recoup more than $2 billion it paid for certificates backed by faulty mortgages.
The banks made misleading statements about the asset-backed securities and the credit quality of the mortgage loans that backed them when they sold them to Federal Home Loan, according to six complaints filed in state court in Seattle last month and transferred to federal court starting Jan. 22.
The banks also made misleading or "untrue" statements about underwriting guidelines of mortgage-loan originators who were "failing frequently, and increasingly frequently, to follow quality-assurance practices intended to detect and prevent fraud," according to the complaints.
Gee, you mean that the banks said the credit quality of buyers was "X" but never verified any of it, performed no quality control, and in fact that was a lie?
No, really? You mean starting in 2004 the FBI said this?
"It has the potential to be an epidemic," said Swecker, who heads the Criminal Division at FBI headquarters in Washington. "We think we can prevent a problem that could have as much impact as the S&L crisis", he said.
In fact it was worse than the S&L crisis eh?
Good luck Seattle, heres hoping justice serves you well.
This is exactly what I have advocated for the last two years:
Morgan Stanley, UBS and Barclays were among banks sued by Federal Home Loan Bank of Seattle, which seeks to recoup more than $2 billion it paid for certificates backed by faulty mortgages.
The banks made misleading statements about the asset-backed securities and the credit quality of the mortgage loans that backed them when they sold them to Federal Home Loan, according to six complaints filed in state court in Seattle last month and transferred to federal court starting Jan. 22.
The banks also made misleading or "untrue" statements about underwriting guidelines of mortgage-loan originators who were "failing frequently, and increasingly frequently, to follow quality-assurance practices intended to detect and prevent fraud," according to the complaints.
Gee, you mean that the banks said the credit quality of buyers was "X" but never verified any of it, performed no quality control, and in fact that was a lie?
No, really? You mean starting in 2004 the FBI said this?
"It has the potential to be an epidemic," said Swecker, who heads the Criminal Division at FBI headquarters in Washington. "We think we can prevent a problem that could have as much impact as the S&L crisis", he said.
In fact it was worse than the S&L crisis eh?
Who was paidoff in the AIG bailout
http://www.huffingtonpost.com/2010/01/27/revealed-see-who-was-paid_n_438933.html
It wasn't just Goldman this little present was given to.
But by and large Goldman made out like a bandit
A key question at the heart of the controversial bailout of AIG is just how much money the government lost. The Federal Reserve and Treasury Department have worked to keep that number secret and to conceal who was on the winning end.
An unredacted document obtained by the Huffington Post list the damage in detail. Goldman Sachs alone, for instance, got $14 billion in government money for assets worth $6 billion at the time -- a de facto $8 billion subsidy, courtesy of taxpayers.
The list was produced as part of a congressional investigation led by the House Oversight and Government Reform Committee into the federal bailout of AIG.
The Federal Reserve Bank of New York, then led by now-Treasury Secretary Tim Geithner, purchased a slew of souring assets from the world's biggest banks for 100 cents on the dollar in November and December 2008. A scathing report by a government watchdog
It wasn't just Goldman this little present was given to.
But by and large Goldman made out like a bandit
A key question at the heart of the controversial bailout of AIG is just how much money the government lost. The Federal Reserve and Treasury Department have worked to keep that number secret and to conceal who was on the winning end.
An unredacted document obtained by the Huffington Post list the damage in detail. Goldman Sachs alone, for instance, got $14 billion in government money for assets worth $6 billion at the time -- a de facto $8 billion subsidy, courtesy of taxpayers.
The list was produced as part of a congressional investigation led by the House Oversight and Government Reform Committee into the federal bailout of AIG.
The Federal Reserve Bank of New York, then led by now-Treasury Secretary Tim Geithner, purchased a slew of souring assets from the world's biggest banks for 100 cents on the dollar in November and December 2008. A scathing report by a government watchdog
TAPS
http://www.youtube.com/watch?v=4WRoWPhLU2Q
Dedicated to Ben Bernanke or the senators that vote him in!
Dedicated to Ben Bernanke or the senators that vote him in!
You want "US" to pay again?
http://market-ticker.denninger.net/archives/1910-Fiduciary-Responsibility-Where.html
Is my understanding of this right, the taxpayer is going to be tapped again to make up for the gambling debts of another high rolling advisor?
Where does it end?
And how long before the average taxpayer just says "FUCK YOU"?
I can't afford to pay for your garbage anymore!
Stick your investment lossses up your ass
You ain't double dipping out my pocket or mouth no more.
Because it is going to happen
Jan. 27 (Bloomberg) -- The California State Teachers Retirement System, the second biggest U.S. public pension, will need to ask taxpayers for more money after investment losses left it underfunded by $42.6 billion.
The pension’s unfunded liability, the difference between assets and anticipated future costs, almost doubled from $22.5 billion in June 2008, according to a report Chief Executive Officer Jack Ehnes will deliver to the board Feb. 5. The fund will ask lawmakers next year for an increase of as much as 14 percent to what the state and school districts already pay toward employee retirement benefits, said the report, which was posted on the fund’s Web site today.
Is my understanding of this right, the taxpayer is going to be tapped again to make up for the gambling debts of another high rolling advisor?
Where does it end?
And how long before the average taxpayer just says "FUCK YOU"?
I can't afford to pay for your garbage anymore!
Stick your investment lossses up your ass
You ain't double dipping out my pocket or mouth no more.
Because it is going to happen
Jan. 27 (Bloomberg) -- The California State Teachers Retirement System, the second biggest U.S. public pension, will need to ask taxpayers for more money after investment losses left it underfunded by $42.6 billion.
The pension’s unfunded liability, the difference between assets and anticipated future costs, almost doubled from $22.5 billion in June 2008, according to a report Chief Executive Officer Jack Ehnes will deliver to the board Feb. 5. The fund will ask lawmakers next year for an increase of as much as 14 percent to what the state and school districts already pay toward employee retirement benefits, said the report, which was posted on the fund’s Web site today.
Bernanke voted in today?
http://finance.yahoo.com/news/Bernan...55726.html?x=0
The push is on to get the reconfirmation today rather than tomorrow, the financial committee hearings must be becoming a real threat.
What's already come out is actually damning enough to not reconfirm his position, and to have him and Timmy both arrested for perjury.
Federal Reserve chief Ben Bernanke's nomination for a second term running the world's most powerful central bank looked set for a final vote in the Senate on Thursday, just a few days before his current term expires.
The push is on to get the reconfirmation today rather than tomorrow, the financial committee hearings must be becoming a real threat.
What's already come out is actually damning enough to not reconfirm his position, and to have him and Timmy both arrested for perjury.
Federal Reserve chief Ben Bernanke's nomination for a second term running the world's most powerful central bank looked set for a final vote in the Senate on Thursday, just a few days before his current term expires.
Wednesday, January 27, 2010
Bases, Missiles, Wars: U.S. Consolidates Global Military Network
http://www.blacklistednews.com/news-7191-0-22-22--.html
This is how crud creeps
While death reaps
Can you see your self as a citizen of Nazi Germany? You pay for this growing monstrosity.
Afghanistan is occupying center stage at the moment, but in the wings are complementary maneuvers to expand a string of new military bases and missile shield facilities throughout Eurasia and the Middle East.
The advanced Patriot theater anti-ballistic missile batteries in place or soon to be in Egypt, Georgia, Germany, Greece, Israel, Japan, Kuwait, the Netherlands, Poland, Qatar, Saudi Arabia, South Korea, Taiwan, Turkey and the United Arab Emirates describe an arc stretching from the Baltic Sea through Southeast Europe to the Eastern Mediterranean Sea and the Caucasus and beyond to East Asia. A semicircle that begins on Russia's northwest and ends on China's northeast.
Over the past decade the United States has steadily (though to much of the world imperceptibly) extended its military reach to most all parts of the world
This is how crud creeps
While death reaps
Can you see your self as a citizen of Nazi Germany? You pay for this growing monstrosity.
Afghanistan is occupying center stage at the moment, but in the wings are complementary maneuvers to expand a string of new military bases and missile shield facilities throughout Eurasia and the Middle East.
The advanced Patriot theater anti-ballistic missile batteries in place or soon to be in Egypt, Georgia, Germany, Greece, Israel, Japan, Kuwait, the Netherlands, Poland, Qatar, Saudi Arabia, South Korea, Taiwan, Turkey and the United Arab Emirates describe an arc stretching from the Baltic Sea through Southeast Europe to the Eastern Mediterranean Sea and the Caucasus and beyond to East Asia. A semicircle that begins on Russia's northwest and ends on China's northeast.
Over the past decade the United States has steadily (though to much of the world imperceptibly) extended its military reach to most all parts of the world
LOL who's is first?
http://market-ticker.denninger.net/a...-Geithner.html
Looks like 2 smoking guns stinking up the room
Yeah we printed it?
Baxter admits Timmy's sign off?
Does anybody else smell the overwhelming scent of white collar crime?
Paulson gets the cake though - he admitted (under oath!) that The Fed just blatantly printed the money to rescue AIG and the banks (!!!)
So let's see - it wasn't his decision, it wasn't Timmy's decision, and yet at the very same time the entire world was about to come to an end unless the Congress immediately handed over $700 billion of taxpayer money?
Oh, and let's keep going. Paulson got skewered with what I pointed out in August of last year - that is, that he knew full well he wasn't going to buy any "toxic assets" prior to the final vote being taken in The House but notified nobody in Congress of this fact.
Then Mr. Baxter's turn comes and he says that Geithner signed off on paying AIG counterparties at par.
Didn't Timmy claim he had no part in the negotiations with AIG and the determination of what to pay? I thought he did..... maybe I misheard, but I seem to remember that he has continually maintained that he had no part in the decision process and in fact recused himself......
Oh wait - here it is!
I had no role in making decisions regarding what to disclose about the specific financial terms of Maiden Lane II and Maiden Lane III, and payments to AIGs counterparties.
Uhhhhhhh Turbotax Timmy? How do you explain that?
Looks like 2 smoking guns stinking up the room
Yeah we printed it?
Baxter admits Timmy's sign off?
Does anybody else smell the overwhelming scent of white collar crime?
Paulson gets the cake though - he admitted (under oath!) that The Fed just blatantly printed the money to rescue AIG and the banks (!!!)
So let's see - it wasn't his decision, it wasn't Timmy's decision, and yet at the very same time the entire world was about to come to an end unless the Congress immediately handed over $700 billion of taxpayer money?
Oh, and let's keep going. Paulson got skewered with what I pointed out in August of last year - that is, that he knew full well he wasn't going to buy any "toxic assets" prior to the final vote being taken in The House but notified nobody in Congress of this fact.
Then Mr. Baxter's turn comes and he says that Geithner signed off on paying AIG counterparties at par.
Didn't Timmy claim he had no part in the negotiations with AIG and the determination of what to pay? I thought he did..... maybe I misheard, but I seem to remember that he has continually maintained that he had no part in the decision process and in fact recused himself......
Oh wait - here it is!
I had no role in making decisions regarding what to disclose about the specific financial terms of Maiden Lane II and Maiden Lane III, and payments to AIGs counterparties.
Uhhhhhhh Turbotax Timmy? How do you explain that?
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