Being Elected To Congress Continues To Be A Pretty Good Wealth Maximization Strategy (Saturday Links)

• US troops may stay in Afghanistan until 2024
• 1933 FLASHBACK - Hoarders Rush Gold To The Federal Reserve - MUST READ
• BofA Considers Foreclosure Deal That Allows Renegade States To Continue Probe
• Update On Proposed European Financial Transactions Tax
• Requests for Collateral Pose a Hurdle for Greek Bailout - NYT
• Putin Denounces 'American Parasite' While Russia Increases Treasuries 1,600%
• Basel III For Bank Regulation Is Dead On Arrival - Bloomberg
• The Fed Cannot Stave Off the Inevitable - Markets Are Headed Lower
• Biden seeks to reassure China on U.S. debt - Reuters
• Being Elected To Congress Continues To Be A Good Wealth Maximization Strategy
• Man Charged With Using Henry Paulson's Account to Pay Off $350K Mortgage
• MIT researchers are printing solar cells on sheets of paper - Nifty Tech

Comments

[john]

Spain says it supports Palestinian bid for statehood

http://www.jpost.com/Headlines/Article.aspx?id=234737

[DailyBail]

WASHINGTON (MarketWatch) — Rep. Chris Van Hollen, one of 12 members of the new congressional “super committee” charged with cutting the budget deficit by $1.5 trillion, believes the panel must do two things at once: stem the government’s red ink and help the economy get back into “high gear.”

http://www.marketwatch.com/story/super-committee-democrat-jobs-key-to-debt-cuts-2011-08-17

[DailyBail]

WASHINGTON (MarketWatch) — The 12-member “super committee” tasked with cutting the U.S. budget deficit has a “great opportunity” to simplify the tax code, Sen. Pat Toomey says. What it won’t do, if the Pennsylvania Republican gets his way, is spend any government money in an attempt to boost economic growth.

http://www.marketwatch.com/story/super-committee-republican-simplify-taxes-2011-08-20

[DailyBail]

Chinese banks face capital stress under Basel III

http://www.marketwatch.com/story/chinese-banks-face-capital-stress-under-basel-iii-2011-08-20

[DailyBail]

Michele Bachmann Says She Worked at IRS to Infiltrate the Agency

Republican presidential candidate Michele Bachmann defended her past employment as a tax lawyer at the Internal Revenue Service during a campaign speech in South Carolina. Bachmann claimed she worked at the IRS in an effort to infiltrate the agency. She told the crowd, "The first rule of war is 'know your enemy.'" Her comments were recorded by an audience member who posted them online.

Rep. Michele Bachmann: "How many of you love the IRS? No, it’s time to change it. I once worked in that system, because the first rule of war is 'know your enemy.' So I went to the inside and learned how they work, because I wanted to beat them."

http://www.democracynow.org/2011/8/19/headlines/michele_bachmann_worked_at_irs_to_infiltrate_the_agency

[john]

I wonder who she sold all that information to?

[john]

Guest Post: Need for Economic Crimes’ Nuremberg-Type Trials

http://www.zerohedge.com/news/guest-post-need-economic-crimes%E2%80%99-nuremberg-type-trials

[DailyBail]

I wonder who she sold all that information to?

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It's all make believe. Michele just said it to pander to her base. She loved her job with the IRS.

[Sagebrush]

Why does the U.S. Government legislate laws, rules and regulations time after time, that primarily benefit the rich one tenth of one percent of the population at the expense and sacrifice of the remaining ninety eight and nine tenths of the population????

DUH! Lets see. 28 percent of the House are rich, 50 percent of the Senate are rich, and these people are the power in the U.S. Congress. a majority of The Pres. Administration people are rich. This plus the not so rich members are owned by the rich through campaign financing. Thus they keep their job and get rich by legislating for the rich.

No wonder the middle class is being repeatedly raped out of what little wealth they have spent their life working for! There's nobody with real power in the government representing them.

Kinda reminds me of shooting fish in a barrel.

[DailyBail]

Well said Sage. Ratigan's constitutional amendment would help to fix that problem.

[Sagebrush]

I'm looking forward to seeing the amendment. I've emailed the links for his rant and the amendment to everyone that I know who gives a damn about the future of the country.

[Texas Dar]

Well said Sage. Ratigan's constitutional amendment would help to fix that problem.

Again well re-said DB. This will be interesting the next few weeks......if anyone can put wheels under this thing, its Ratigan.......!

[S. Gompers]

It is the only job there is where insider trading is legal...

[DailyBail]

It is the only job there is where insider trading is legal...

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Yep, and no outrage discernible from the sheeple or the media. And no movement to change the rules.