FORBES: The growth of government intervention over the last century was built on the back of a handful of myths.
PVC: FALSE! Its NO Myth!
Police barricaded banks and shops in Brussels, the headquarters of the European Union, where labour leaders are hoping to mass up to 100,000 people from 30 countries on Wednesday.
Senator Christopher Dodd (D-Conn) is at the center of negotiations shaping a bill that he promises will add transparency to the complicated, furtive world of financial derivatives, but he cannot remember how much he paid for his house on 10 waterfront acres in Ireland. No wonder confidence in government’s competence continues to erode.
by John Stossel
The Obama Administration tried to bury some big news over Christmas weekend and most of the media missed it. Economist Alex Tabarrok at Marginal Revolution caught this story in the Christmas Day edition of the Washington Post:
The Obama administration pledged Thursday to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac, an eleventh-hour move that allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress.
M E M O R A N D U M
TO: Reporters and Editors
RE: Grassley letter to Geithner regarding the SIGTARP
Senator Chuck Grassley issued the comment below about his letter to the Treasury Secretary asking for an explanation of the resistance of the Treasury Department to requests for information from the Special Inspector General for the Trouble Assets Relief Program.
Senator Grassley was an advocate for creating a Special IG for TARP to try to hold the program accountable and co-sponsored legislation to strengthen the ability of the Special IG to conduct oversight after the TARP program changed its original mission.
Why is it that nobody ever mentions in stories like this the fact that the US dollar is supposed to be the tool with which American’s, and all holders, PRESERVE their wealth? Most American’s still don’t realize that if they put $1000 in the bank, that the purchasing power is less when they withdraw it because of the Fed using the dollar as an instrument of control rather than a store of value to be preserved…
If this were brought up, the very basis of these debates would need to change.Go get yourself gold and silver bullion cause the dollar is likely to collapse by 2012 as many forecasters predict
Before Listening To Lyndon LaRouchePAC Please Consider How We Bailed Out/Absorbed The International Banking Cartel’s Massive Debt On The Housing Bubble Scam. This Scam Was Accrued BY Writing Fraudulent Mortgages To People When The Banks Had No Money. So They Used Paper Contracts Saying That The Predatory Mortgages Derived aka; Derivative their value from some other property like perhaps a hospital building, a bridge, or another residential house etc etc.
Now Please Consider That The Glass Steagall Act If Reenacted, Would Nullify This Past Bailout Of $Trillions And Bankrupt Those Who Are Driving The New World Order, Who Are Also Driving Other Nation States In The Ground By Derivative Paper.
So When I Thought About The Republicans Like [ Cantor And Boehner ] Speak About Saving $60 Billion (hey remember when they promised $100B?) By Defunding Some Programs, While Barry Soetoro Wants Another $153 Billion Himself For Fannie/Freddie Bailout, It Was Easy To Conclude That The Republicans Are Doing Absolutely NOTHING Of Significance, Except In Perhaps In Throwing To The American Public A Tiny $60 Billion Dollar Moral Bone. I Though Of The Activities Of Eric Cantor Who IS FINANCED By London And Those Who May Think The Republicans Are Really On A Roll, Of The Merry Ole’ Land Of Oz.
WE MUST REENACT THE GLASS STEAGALL ACT TO NULLIFY THE $TRILLIONS ~ SURLY THE TIME SPENT BY THE REPUBLICANS CURRENTLY TO SWEEP UP THE INSIGNIFICANT CRUMBS OF DEBT, CAN BE UTILIZED FAR MORE EFFICIENTLY, BY GETTING BARNEY FRANK TO RELEASE THE GLASS STEAGALL ACT AND ALLOW IT FOR AN UP DOWN VOTE.
The House Oversight and Government Reform Committee has launched a wide-ranging investigation into the role of mortgage lenders in the global financial meltdown and economic crisis.