Gary Christenson | April 7, 2013
March and April 2013 may go down in history as the tipping point for the western financial system.

Gary Christenson | April 7, 2013
March and April 2013 may go down in history as the tipping point for the western financial system.
The real story surrounding the news that the London Interbank Offering Rate was manipulated is that the financial system that mechanism is a part has died, and a return to the Glass-Steagall Act in both London and the United States is the first step to replacing that system.
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WHEREAS, President Barack Obama’s administration, which in 2009 invited the corrupt and criminal ACORN organization to “partner” in the 2010 Census, is now apparently violating federal statutes including the “Defund ACORN Act” by continuing to funnel taxpayer funds as “grants” to renamed ACORN affiliates;
While the Obama Administration laughably claims that its disastrous bank bailout has turned a profit, a federal investigation reveals this week that hundreds of small financial institutions can’t afford to repay the government loans and its costing U.S. taxpayers tens of billions of dollars.
Article II section 2 of the U.S. Constitution states that:
“The President shall nominate, and by and with the Advice and Consent of the Senate, shall appoint Ambassadors, other public Ministers and Consuls, Judges of the Supreme Court, and all other Officers of the United States, whose Appointments are not herein otherwise provided for, and which shall be established by Law.”

While the Obama Administration laughably claims that its disastrous bank bailout has turned a profit, a federal investigation reveals this week that hundreds of small financial institutions can’t afford to repay the government loans and its costing U.S. taxpayers tens of billions of dollars.
Grassley works to empower Special Inspector General for TARP to conduct
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.
Earlier this year, Senator Grassley also battled the White House after it tried to subject requests of the Special IG to the red tape of the Paperwork Reduction Act.
A copy of Senator Grassley’s letter to Treasury Secretary Timothy Geithner is posted here.