The Daily Bail

True, Gentle Ben SUCKS LARGE, but what if we get that insolent pig SUMMERS as fed chairman? Talk about going from bad to worse. A fellow patriot/blogger recommended Alan Blinder, but I think Obama is in love with SUMMERS, the gender-bigoted derivative destroyer of the Harvard endowment (who was basically ousted from Harvard in an unprecedented vote of no confidence). SUMMERS, the cheif engineer of the Russian public-private scandal who paid millions to settle a federal lawsuit charging fraud and bribery. SUMMERS, the sleepy one day a week quant fruitbag who made 5.2 million last year at D. E. SHAW & Co hedge fund. SUMMERS, the highest paid guest "speaker" at $135,000 for a single appearance at Goldman Sachs, and who made 2.77 million over 40 speaking engagements to the financial sector. SUMMERS the most egregious case of conflict of interest and collusion with Wall Street to ever walk the halls of Capitol Hill.
That's who's in the running for the post.
Please read this entire article:
http://letthemfail.us/archives/1247
(it's the best contribution I could ever make to your cause here)
God help us either way, and THANKS AGAIN to the Daily Bail for waking up the sheople from their consumption-induced debt-coma -Wil

Bernanke is EITHER...an IDIOT....or.... in on the HEIST. I am voting the latter........AB

I forgot Maria B. was ever that thin. BB made himself a fool.

Bwahahahaha.

He missed everything.

Now I know why he admits to mis-reading the crisis. Looks more like he's got some honesty issues. We do not need him. And not Lawrence S. either. He would sleep thru the FOMC meetings.

Bernanke is like weathermen. Their predictions are about as good as a monkey throwing a dart.

Time for "B-52" to take a hike.

ABOLISH THE FED

This problem is not about an individual, though tar and feathers for the individuals would be fun and just. The problem is systemic.

There are only 2 solutions: Ending the Fed and Fractional Reserve Banking, or a Volker type fed chair who is willing to make everyone miserable for 10 years with 15% interest rates to save the dollar.

I'm personally saving all of my Federal Reserve notes and T-bills to burn for warmth in the next 10 years. I may also save another pile of bills to eat, as the fiber in the paper will undoubtedly be more than I could exchange the paper for.

Chris Matthews is going to take over for Robert Gibbs as Obama's press secretary.

What do you think, is that a good idea?

My impression is that he sees his role as the paternalistic cheerleader - protecting us from a truth we couldn't understand or handle. In each snippet was that generic, political speak - translation - don't worry, be happy and keep on spending.

Daily Bail, We are with you--can't you hear the faint tippy-tapping of our keyboards?

I visited an old place of employment this week--a manufacturer of automation components. Since December '08 they reduced people's hours to 6 from 7 1/2, and pay by 20%. People are hurting, and it infuriates me to see that soft headed little weasel in his finely tailored pretty suit recite those evil selfish lies. Now wait until the inflation hits.

I am more convinced than ever that this den of thieves is the command central for most of our problems. I intend to refocus my efforts on helping inform people--look at what happened with Ron Paul and his 'audit the Fed' bill: he got 276 CO-SIGNERS when he was expecting a handful! All we have to do is spread the info--the outrage grows spontaneously from that.

Any other 'news' out there is a distraction, either planned or utilized happily by our rulers to try and lead us off track. Well, it isn't going to work on me anymore.

In watching these clips it also reminds me how much of a tool that Steve Liesman - the so called Sr Economics Reporter - is! He is always spouting the company line and laps up this kind of misinformation like the lap dog that he is. None of the CNBC hosts are ever critical they are merely cheerleaders for the Investment Banks, Federal Reserve, et al. Lastly I despise morons like Mark Haines who has the audacity to make fun of and discredit pundits like Peter Schiff who are 1,000 more knowledgeable than anyone employed by CNBC. CNBC is a complete waste of time.

INJUSTICE TYRANNY MUST BE FOUGHT NOW........

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=tm&bn=8089&tid=421439&mid=421439&tof=-1&rt=1&frt=2&off=1



My Fellow Americans

Do you get it now or not?

We the working class (So called Middle Class) Have been scammed by biggest MORTGAGE PONZI SCAM by Federal Reserve Banker Thugs /Walls Street Shills

Also Corporate Crooks have looted our Pensions with Zero Cost Back Dated stock option crimes and shipped our Industrial base & Jobs to Asia.

Federal Reserve Banker Thugs/Wall Street Shills/Corprate Crooks = HOME GROWN FINANCIAL AL QAEDA

Washington= DEMON_RATS & REPO-CONS =Politicians in Washington DC have worked for the HOME GROWN FINANCIAL AL QAEDA .

or this way to understand:

The Washington Criminal Blood Sucking Pests (SENATE & CONGRESS)+PRESIDENTS starting with BILL CLINTON/BUSHES/Now CHICAGO MOB SHILL(OBAMA) have sided with the HOME GROWN FINANCIAL AL QAEDA

My fellow Americans: remember it is our Blood Sweat TAX Dollar Credit card the HOME GROWN FINANCIAL AL Qaeda is using at Zero Percent Interest Rate handed by WASHINGTON CRIMINAL SENATORS * CONGRESS*

And do ya get it now or not?

It is our TAx Blood Sweat dollars and we are being banged and scammed by same criminal crooks with higher Credit card/ fees and Interest rates and thrown out of homes.

And no Criminal got punished but got rewarded by OBAMA(CHICAGO MOB SHILL) + DEMON RATS/REPO-CONS


BIGGEST PONZI SCAM CRIME EVER IN HUMAN HISTORY AND WE USA BAMBOOZLED FUCKS DON't GET IT?

My Fellow Americans;

WASHINGTON CRIMINAL CROOKS ARE CRIMINAL RULERS AND NOT OUR REPRESENTATIVES ANY MORE......................

HARSH REALITY: We are now broke and reeling under debt and are perma working slaves of this HOME GROWN FINANCIAL AL QAEDA

Now we must decide:

Do we want to be Working slaves of this Home Grown Financial Al Qaeda who busted and is rewarded for the crimes?

or

We must revolt now to free our selves from this enforced DEBT Slavery on us by these Criminals?

My Fellow Americans:

I give you my conviction, we must revolt and I provide you all with a NON VIOLENT WEAPON that we must unitedly use now

WEAPON: Dump all Mutual Funds and stocks and buy short term treasury bonds

Stop making all payments to Banker Thugs

this weapon will CRASH THE PONZI SCAM WALL STREET CASINO(EPICENTER OF THE HOME GROWN FINANIAL AL AQEDA)

And Shut the Federal Reserve down.......

LAUNCH NEW PARTY UNDER LEADERSHIP OF DR. RON PAUL and defeat both party criminal blood sucking pests.........

We refuse to honor Nation Debt enforced on us by these criminal Al Qaeda...................

A NEW NATION WILL BE BORN AGAIN ACCORDING TO WISHES OF OUR FOUNDING FATHERS........................

WE ALL WILL BE DEBT FREE................

MY FELLOW AMERICANS:LET US UNLEASH THE REVOLUTION NOW


The Great American Bank Robbery



(From UCLA's Hammer Forum) -- William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis. He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth from the poor and middle class continues as the federal government bails out the seemingly reckless, if not the criminal. Black teaches economics and law at the University of Missouri, Kansas City and is the author of The Best Way to Rob a Bank Is to Own One. (Run Time: 1 hour, 38 min.)

http://neweconomicperspectives.blogspot.com/2009/08/great-american-bank-robbery.html

I like the site, but have to disagree with the claim that "Adjusted for inflation, house prices fell dramatically nationwide during the 1970s" -- I made enough money to retire by buying houses during that period -- but you can check a more authoritative source: http://mysite.verizon.net/vzeqrguz/housingbubble/ -- or for a look back over more than a century see: http://mysite.verizon.net/vzeqrguz/housingbubble/united_states_1890-2008.png

Those who are interested in what really happened should know that virtually everyone in the system, from the poorest home owner to the head of AIG and the Fed felt that housing prices could not decline substantially over the whole country at the same time -- steady inflation seemed to guarantee that prices would increase, as they had for about 70 years. By borrowing money, the buyer got the inflation profit. When prices go up 10% that can be double the amount of the down payment. Almost no one saw that the interest rate fluctuations by the Fed would so distort the market as to cause a bubble that was not visible in the Consumer Price Index (it largely ignores home prices) and then a crash.

If you are convinced that this was all a scheme by calculating crooks, you may wish to ignore the facts. On the other hand, the fact is that it does appear some calculating crooks (aided by some fools in D.C.) found a way to protect themselves at the expense of the rest of us.

Frederic wrote:

If you are convinced that this was all a scheme by calculating crooks, you may wish to ignore the facts. On the other hand, the fact is that it does appear some calculating crooks (aided by some fools in D.C.) found a way to protect themselves at the expense of the rest of us.

I stand corrected on the housing price data for the 70s.

You have an interesting resume...

http://fredricwilliams.freeservers.com/custom.html

Stick around and join our daily, painful discussions...we could use your voice...

Do Twitter and Blogs Really Drive software sales?

It's all a lie, if so many of us who are out of the "loop" saw it coming how could wallshington st. not see it? Especially since they designed it! Hog frkn wash!

Why was he still the Fed chief? When do any of our official take responsibility for their actions? Where is the accountability? If a private institution had a CEO who made completely errorous judgements, if we forced out the CEOs of GM & Chrysler as a condition of bailing out their past mistakes in judgement, why isn't this guy out?