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Hank Paulson Is A Criminal - Pass It On

"The Federal Reserve Is A Ponzi Scheme"


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THE FED UNDER FIRE: Must See Clip

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"Of Course We're Not Going To  Payback the Chinese."

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Carlin: Wall Street Owns Washington

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Tuesday
Aug102010

Liberal Reporters Vs. Conservative Black Leaders at Press Conference (False Racism -- Andre Carson)

National Press Club Video:  Two reporters engage in a heated exchange with black conservative leaders at a press conference challenging the NAACP on its charges of racism within the tea party -- August 4, 2010

Interesting clip.  The first of a few stories on trumped-up racism within the tea-party movement.

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Monday
Aug092010

BELTWAY CHATTER: Will A Republican House Victory Mean Bankruptcy For California?

The California girls seem unconcerned.  Happy to have any excuse to use this photo.  Apologies in advance to our generous and wonderful female readership.

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And why should 46 states have to pay for unresolved excesses in California, Illinois, New York and Michigan.  Dick Morris thinks it's not an implausible outcome to the restraint-forsaken reality that is California budget politics.

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Monday
Aug092010

UPDATE: Robert Rizzo's Salary & Benefits Topped $1.5 Million, California AG Jerry Brown Expands Investigation

And you thought the $800k salary was out of line considering the median income of Bell runs in the $34,000 range.  Turns out that the disgraced Robert Rizzo was also getting more than $700k in annual benfits including 20 weeks of paid vacation each and every year.

How does Rizzo stack up to Illinois' $26 million penison man, Neil Codell?

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Monday
Aug092010

City Manager Of Vernon, California (Population: 89) Makes $509,000 Public Salary (WATCH)

Video:  Small Towns, Sky High Public Pay -- CBS News

Happened to catch this short report on tonight's national news.  Meet Bruce Malkenhorst, city manger of tiny Vernon, California.

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Monday
Aug092010

Interactive Map of State Public Pension Disasters: Check Out Your State's Woeful Ranking

Monday
Aug092010

Dick Morris: How To Avoid The State Pension Timebomb

The Greek fiscal crisis is going to come to the United States next year via the vulnerable state governments of (at least) California, Michigan and New York.  Look for these states to descend once more on Washington DC with their tin cups seeking additional federal subsidies, disguised as stimulus payments.  But…with Republicans in control of both Houses (bet on it) they will meet a frosty reception on Capitol Hill.  While Obama will try to pass the subsidies, the GOP will turn them down.  The American people – from the other 47 states – will ask why they should reward state irresponsibility with federal dollars.

Faced with a cutoff of additional federal aid, these state legislatures will be unable to balance their budgets and bond buyers will back off their paper. Ratings agencies will downgrade their bonds to junk status and bankruptcy will ensue.

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Friday
Aug062010

Ratigan & Sen. Coburn On Deficit Hypocrisy: Thank You Magic Money Tree (Awesome Clip)

Video:  Dylan Ratigan with Senator Tom Coburn -- Aired July 28, 2010

Ratigan's 1-minute intro is outstanding.  More solid debt and defict theater.  Coburn is the lead sponsor of new earmark transparency legislation.

  • "We need a whole new class of leadership in this country."

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Friday
Aug062010

Janet Tavakoli With Max Keiser: Debt, Lies And Videotape

Brand new op-ed from Janet, and a short bit of excellence in bank-balance-sheet truth telling with Max Keiser.  No miss.

  • "The government is treating us like infants."

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Friday
Aug062010

Wikileaks & Afghanistan: Are We Fighting A Permanent War (Ratigan, Assange, Kucinich, Greenwald, Ellsberg, 4 Clips)

Video:  Dylan Ratigan with Ret. Col. Andrew Bacevich

All 4 clips arranged inside.

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Thursday
Aug052010

The Blind Leading The Blinder -- FED Propaganda Machine Credits Bernanke Bailouts For Ending The Great Recession

Newer stories are below.

Having already taken the Bailout Stakes, insider favorite "Macro-Model" gets ready for the Propaganda Derby. 

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Wednesday
Aug042010

Wednesday Afternoon Reading (I Can't Believe It's Not Capitalism, 20 Stories, Aug 4, 2010)

Wednesday
Aug042010

LANDSLIDE: Missouri Voters Say 'NO' To Obamacare

It's that pesky individual mandate that has everyone so upset.  Maybe that's because it is categorically unconstitutional to require a citizen to purchase health insurance.

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Tuesday
Aug032010

MELTDOWN: DEM Congressman Anthony Weiner Seriously Loses It On House Floor (WATCH)

I'm sure many of you have seen this already.  If not, turn it up.  Weiner meltdown lasts about 90 seconds.  Follow-up clip inside.

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Tuesday
Aug032010

Gasparino: Active CRIMINAL Component To Lehman Investigation (FBI, DOJ & SEC Involved) 

Tuesday
Aug032010

Ron Paul Introduces SEC Disclosure Act

Video:  Ron Paul on SEC disclosure -- FBN

You might remember the story from early last week that the SEC is now exempt from FOIA public disclosure requests.  In other words, bye-bye transparency.  Ron Paul has introduced a bill to strip the offending language from FinReg.

Click to read more ...

Tuesday
Aug032010

Nobel Winner Stiglitz: Obama Is Overselling FinReg, Get Ready For Bank Bailouts 2.0 (VIDEO & Transcript)

Video:  Nobel Prize winning economist Professor Joseph Stiglitz speaks with Kerry O'Brien -- ABC Australia

Stiglitz excerpt:

  • It can and it almost surely will happen again, because we didn't deal with the problem of too-big-to-fail banks. It is one of the reasons why it will happen again. And we didn't really deal effectively with all the kinds of excessive risk-taking, all the problems of lack of transparency that were at the core of this crisis. And so, yes, we understand what the issues are, we understand the issues better than we did three years ago, but politics intruded the power of the banks, was too great. They're making $20 billion off of derivatives. So rather than lending, they're engaged in all of these kinds of gambling and excessive risk-taking and generating large profits, but it's not helping the American economy and it's putting at risk American taxpayers.

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Tuesday
Aug032010

The Founding Fathers: Smugglers, Tax Evaders And Traitors

Do you know the revolutionary history of this flag?

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Tuesday
Aug032010

LOST IN RACE: Jon Stewart On Shirley Sherrod & The Media (Funny Clip, Includes Video Round-Up)

Video round-up is inside.  Eight or nine clips (not from Jon Stewart) on everything from debt & deficits to BP, tea and revolution.

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Tuesday
Aug032010

How Californians See The Rest Of The Country (Funny Pic)

 

As a former resident of California, I kid because I care.

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Tuesday
Aug032010

Geithner On The Economy, Unemployment & Those Pesky Bush Tax Cuts (ABC Stephanopoulos VIDEO)