Entries by DailyBail (6219)
Sep 29, 2011 at 1:07 PMGermany Votes Yes On EFSF - NOT The Geithner Plan
We want to be clear, as some readers have already expressed confusion this morning. The 'Yes' vote today in the German Parliament was widely expected, and is part of the deal reached earlier this Summer, subject to approval by all 17 Euro nations. Germany was the 9th member nation to agree to the expanded EFSF, with Slovokia next to vote.
As stated, this is not a big story and will do nothing to stem the Euro crisis. The Geithner Plan, that of a dramatically leveraged EFSF, has not been voted on anywhere, and as we told you yesterday, is being ridiculed all over Europe, along with Geithner himself for having proposed it.
Details inside.
CAUGHT ON TAPE - NYPD Officer Punches Wall Street Protester In The Face, Melee Ensues
Check this out - It all goes down in the first 30 seconds.
In yet another show of rampant police brutality being waged against non-violent Occupy Wall Street protesters, this video captures a NYC police officer grabbing a man by the back of his neck and punching him in the face, again true to form, for no apparent reason. The man was then arrested and hauled off in a police van, presumably charged with some frivolous crime to cover up the unprovoked assault he suffered.
Related story:
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NYPD Anti-Terrorism Unit Monitoring Wall Street Protests
Short clip - Runs about 45 seconds. Why are the NYPD and Wall Street so frightened of peaceful protesters? Full write-up inside.
Comedy From Bernanke's Latest Speech
We seriously wonder if he bothered to proofread his speech in Cleveland yesterday.
Glenn Greenwald - What's Behind The Scorn For The Wall Street Protests?
White shirt NYPD officer above is none other than Anthony Bologna, the thug who maced innocent female protesters over the weekend.
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Call NOW and demand that Bologna be charged:
Mayor Bloomberg: +1 (212) 639-9675 or +1 (212) 788-2958
Deputy Commissioner of Public Information: +1 (646) 610-6700
NYPD Switchboard: +1 (646) 610-5000
First precinct: +1 (212) 334-0611
Story from Glenn Greenwald inside.
Report: Police Refuse To Work Against #OccupyWallStreet
Video - Lawrence O'Donnell on police brutality at Occupy Wall Street - Sep. 26, 2011
- "Today we received unconfirmed reports that over one hundred blue collar police refused to come into work in solidarity with our movement. These numbers will grow. We are the 99 percent. You will not silence us."
Meanwhile on the Anthony Bologna front...
Make Your Voice Heard
Mayor Bloomberg: +1 (212) 639-9675 or +1 (212) 788-2958
Deputy Commissioner of Public Information: +1 (646) 610-6700
NYPD Switchboard: +1 (646) 610-5000
First precinct: +1 (212) 334-0611
UPDATE - Protests are getting started in Boston as well.
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GEITHNER BEATDOWN - Germany Slams 'STUPID' U.S. Plan To Boost EU Bailout Fund
Geithner's plan rejected by Germany with a bitchslap thrown in for good measure.
The plan, cooked up by U.S. Treasury Secretary Tim Geithner, is to persuade European leaders to vastly expand the size of the emergency bailout fund known as the EFSF, or European Financial Stability Facility. His proposal, and I’m not making this up, would use leverage -- i.e., borrowing -- to increase the size of the already borrowed money in the fund by up to 10x.
This is a little hard to believe, but it’s the truth. The funds from euro-zone countries in the EFSF have already been borrowed. And now the plan espoused by Geithner is to use that money as collateral to borrow as much as ten times more.
MASSIVE BANK FRAUD: Bill Moyers With William K. Black (VIDEO & Transcript)
"If you go back to the savings and loan debacle, we got more than a thousand felony convictions of the elite. These are not, you know, tellers or something. We today have zero convictions, zero indictments, zero arrests of any of the elite, non-prime lenders that, through their fraud, drove this crisis."
Complete transcript inside.
Robert Shiller: House Prices Won’t Hit Bottom For Years
The July numbers for the most widely followed measure of house prices, the S&P/Case-Shiller Index, were released this morning.
The numbers weren't terrible--on a seasonally adjusted basis, July was basically the same as June--but one of the creators of the index, Professor Robert Shiller of Yale University, isn't taking much solace in them.
The economy has deteriorated significantly since July, Professor Shiller observes, and he suspects that the housing market has followed suit. And, from a broader perspective, house prices are still down more than 4% year over year.
In February, Professor Shiller startled those looking for an imminent "bottom" in house prices by suggesting that house prices could still fall 10% to 25%. He's standing by that assessment.
House prices won't necessarily plunge from here in nominal terms, but in real terms--after adjusting for inflation--they could still drop significantly, Professor Shiller says. And the bottom might not arrive for years.
AP Labeled 'Racist' For Accurately Transcribing Obama Speech - Race Card 'Alive And Well' Among Democrats
Runs 90 seconds.
Here's the Obama speech to the Congressional Black Caucus. You decide if the AP was correct in its transcription. As any regular reader knows well, I abhor racism of all sorts, but this charge is unadulterated nonsense. As you will read inside, the exact thing was done to Bush, and there were never any complaints.
Truth: 92% of Republicans supported the Civil Rights Act, vs. just 62% of Democrats.