Video: Michael Moore Admits Democrats Are Owned By Wall Street

To be fair he says the same for Republicans which though undoubtedly true, is not really news in the same way as Moore attacking his own party.  He is not alone in this sentiment; Bill Moyers made the exact same point to Bill Maher recently.  We and our commenters have also been grinding this particular axe since the day we launched the site. 

The banking oligarchy runs the show in Washington regardless of which side has the majority.  Geithner is but Paulson with hair and more active hands.  Even conservative darling Sarah Palin is a flaming bailout socialist.  Sadly, Wall Street and its powerful banking lobby own the majority of politicians from both sides.  It's merely a coin-flip for last place among the disgraced.  Just how the bankers planned it 120 years ago.  A pox on everyone but a resilient few.  An outstanding 2-minute clip.

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Video: Leno Skewers Goldman & Chris Dodd (MSM Awareness Alert)

Mid-day joke about the record bonuses at Goldman Sachs and Senator Chris Dodd.  Either someone has cracked the heads of Jay's Leno's writers, or the news is getting out.  Side note, I met 2 college-educated women in their mid 20s last weekend and neither one had even heard of Bernanke, Paulson, Geithner, Goldman, TARP, or the $700 billion Wall Street bailout.  None of it rang a bell.  Not a clue.  Zip.  Nada.  Zilch.  True.

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Janet Tavakoli: China's Massive (And Unknown) Derivatives Default

October 6, 2009

Submitted to The Daily Bail by Janet Tavakoli

China Defaults, Currency Basket Threatens Dollar

Robert Fisk exposed revived discussions by the Gulf States, China, France, Japan, Brazil, and Russia to replace the dollar as the benchmark oil trading currency with a basket of currencies including gold within 10 years.  This proposal is not new and discussions have been ongoing for decades.  But other extraordinary moves in the capital markets suggest we should take this threat to the dollar’s position very seriously.  For example, China has $2.3 trillion in currency reserves (about 70% in dollars), and China knows how to get its way.

In November 2008, Chinese banks said they would no longer play by our rules.  Top tier banks (Bank of China and Industrial and Commercial Bank of China) reneged on derivatives contracts.  They failed to come up with billions in collateral on dollar/yen FX trades, which were out of the money after the yen’s October appreciation.  This should have been headline news in every financial newspaper, but it wasn’t.

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Guest Post From Analyst Chris Whalen: Bank of America's Equity Is Not Worth The Paper Upon Which It Is Printed (Saved By Zero)

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Video: TARP On Steroids: Brad Sherman Questions Tim Geithner

Brad Sherman on Too Big to Fail:

• "They've created this new religion that involves genuflecting in the direction of Wall St. and believing this idea that, Oh my God, if those institutions don't get what they want, we're all gonna be fighting for rat meat in the streets."

It's time for a return visit from the Sherminator, destroyer of Mark Haynes and Erin Burnett, righter of bailout wrongs, incredibly massive thorn in Geithner's side.  The clip is from September 23 when Timmmaaay sat in front of the House Financial Services Committee to talk financial regulatory reform.  If you know Sherman, you know that he always hates how Geithner avoids his questions and wastes his allotted 5 minutes.  This is but one more hilarious exchange between these two as the Treasury head evades and obfuscates while Sherman's blood boils. 

Don't let my introduction fool you however, this is no laughing matter and you're gonna be pretty pissed off when you hear what's up for discussion.  And for those of you who care about such things, Sherman is officially a Democrat from California, though he's 100% anti-bailout, street-fighter, with a little Dalai Lama built-in to impress the ladies back in the disctrict.

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Video: Donald Trump: "The Banks Will Not Lend To Anyone"

I can't believe I am putting Donald Trump on the front page.  He's a crook, a liar, a huckster and a media creation.  But he does provide some anecdotal evidence of bank lending (or lack thereof), especially in commercial real estate.  No matter how you slice this one, it comes up resoundingly negative.  Trump says there is no money out there for anyone or anything, period.  Still the megastar wannabe, commercial real-estate punk, admits to having supported TARP and the criminal Wall Street give-away of $700 billion from you to them.  It's all in the short clip.

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The Next Generation Speaks: It's NOT My Debt!!! (Video Collage)

(Editor's note: In the spirit of the story published below, we are bringing back some kids who aren't too happy about the debt that is being created without their permission.)

The next generation is learning what we've done with the national debt and is not pleased.  Inside we have a video menagerie of sorts from about 30 kids telling Washington that it's not their debt.  Generational war is coming, people.  Count on it. 

My favorite one...Sam says it's not his friggin' debt.   A future DailyBailer for sure. 

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U.S. Begins 2010 Fiscal Year $11,776,112,848,656.17 In Debt

And it's gone up approximately $25 billion in the first 5 days of this month, since the nation's fiscal year (2010) began officially on October 1.

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Video: Alex Jones Arrested & Kidnapped For Asking George W. Bush A Question About The Federal Reserve

Just a little fun for a Monday morning, but probably not for Jones and his camera crew.  Clip is from 1998 during a Bush rally.  Considering that thing we call the First Amendment, I'm somewhat surprised Jones didn't sue.  Where the heck was the ACLU? 

Don't miss the last minute where Jones tees off.

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Shock Video: Finance Committee Democrat Calls Health Care Bill 'Utterly Incomprehensible'

We have avoided the health care reform debate as much as possible (for no other reason than to remain focused on the criminal, generational rapists who run our nation's failed banks and their captured apostles in Washington) but occasionally something surfaces that trumps the rule.  Allow us to present exhibit A.

This clip is frightening when you consider the immense power of legislative language and the inherent ability to twist the proposed meaning of entire paragraphs to suit any particular interest, in this case the interest of private insurance monopolies, hospitals, big pharma, the government, you name it.  If no one can even understand the language in the original bill, then call us radicals but we're guessing the odds for post-legislative 'intent-twisting' are pretty high.

Do not miss this short video and then please send it to all your friends.

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Today Show Foreclosure Video: Is It Wrong To Strip Everything From Your House In Revenge Against Your Bank?

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Video: Austan Goolsbee The Comedian: Funny Or Not So Funny?

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Congressman Issa On Moody's, The Countrywide Bribery Cover-Up, Pelosi, The SEC, Fannie, Freddie And The FHA's 50:1 Leverage

Congressman Darrell Issa from Wednesday afternoon during a break from House committee hearings on corruption and the rating agencies.  It's a quick 7-minute clip encompassing the issues mentioned above and more.

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See also:

Darrell Issa: "Paulson And Bernanke Crossed The Line"

Issa On Social Security, Medicare & The Financial Crisis Commission

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Conspiracy: Who Are Michael Hilton & The American Police Force?

And Why Do They Want To Take Over A Former Prison And Run A Private Training-Detention Center In Hardin, Montana?

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