Monday
Sep282009
Elizabeth Warren On TARP One Year Later: "Too 'Bigger' To Fail"
Should TARP Be Extended in 2010? - Interview with Elizabeth Warren, Chair of TARP Congressional Oversight Panel (Bloomberg News, 9-24-09)
Bonus Video--Dr. Warren on Fox Business News from last week.
Sep 28, 2009 at 7:15 PM
Reader Comments (14)
http://www.usdebtclock.org/
Now at 370%+ of GDP. Please note the “little” 1929 blip and its aftermath. More of the same is the medicine chosen by B.O. and Bennie for our sick economy. This is clearly a debt that can never be paid with economic growth or earned income and is our legacy to future generations.
California state agencies.
California Academic Performance Index (API) * California Access for Infants and Mothers * California Acupuncture Board * California Administrative Office of the Courts * California Adoptions Branch * California African American Museum * California Agricultural Export Program * California Agricultural Labor Relations Board * California Agricultural Statistics Service * California Air Resources Board (CARB) * California Allocation Board * California Alternative Energy and Advanced Transportation Financing Authority * California Animal Health and Food Safety Services * California Anti-Terrorism Information Center * California Apprenticeship Council * California Arbitration Certification Program * California Architects Board * California Area VI Developmental Disabilities Board * California Arts Council * California Asian Pacific Islander Legislative Caucus * California Assembly Democratic Caucus * California Assembly Republican Caucus * California Athletic Commission * California Attorney General * California Bay Conservation and Development Commission * California Bay-Delta Authority * California Bay-Delta Office * California Biodiversity Council * California Board for Geologists and Geophysicists * California Board for Professional Engineers and Land Surveyors * California Board of Accountancy * California Board of Barbering and Cosmetology * California Board of Behavioral Sciences * California Board of Chiropractic Examiners * California Board of Equalization (BOE) * California Board of Forestry and Fire Protection * California Board of Guide Dogs for the Blind * California Board of Occupational Therapy * California Board of Optometry * California Board of Pharmacy * California Board of Podiatric Medicine *
How many of those agencies existed 50 years ago and how indispensable are they?
Multi-Trillion Dollar Fraud Lurks
by LM Lupo, 9.24.2009
http://www.financialtrader.com/fraud/trillion-dollar_fraud.2010.html
by Ron Paul
Last week I was very pleased that the Financial Services Committee held a hearing on the Federal Reserve Transparency Act, HR 1207. The bill has 295 cosponsors and there is also strong support for the companion bill in the Senate. This hearing was a major step forward in getting the bill passed.
I was pleased that the hearing was well-attended, especially considering that it was held on a Friday at nine o'clock in the morning! I have been talking about the immense, unchecked power of the Federal Reserve for many years, while the attention of Congress was always on other things. It was gratifying to see my colleagues asking probing questions and demonstrating genuine concern about this important issue as well.
The witness testifying in favor of HR 1207 made some very strong points, which was no surprise considering the bill is simply common sense. It was also no surprise that the witness testifying against the bill had no good arguments as to why a full audit should not be conducted promptly. He attempted to make the case that the fed is already sufficiently accountable to Congress and that the current auditing policy is adequate. The fact is that the Fed comes to Congress and talks about only what it wants to talk about, and the GAO audits only what the current laws allow to be audited. The really important things however, are off limits. There are no convincing arguments that it is in the best interests of the American people for anything the Fed does to be off limits.
It has been argued that full disclosure of details of funding facilities like TALF and PDCF that enabled massive bailouts of Wall Street would damage the financial position of those firms and destabilize the economy. In other words, if the American people knew how rotten the books were at those banks and how terribly they messed up, they would never willingly invest in them, and they would fail. Failure is not an option for friends of the Fed. Therefore, the funds must be stolen from the people in the dark of night. This is not how a free country works. This is not how free markets work. That is crony corporatism and instead of being a force for economic stabilization, it totally undermines it.
If the Fed gave its actual arguments against a full audit, they would not have mentioned anything about political independence or economic stability. Instead they would admit they don't want to be audited because they enjoy their current situation too much. Under the guise of currency control, they are able to help out powerful allies on Wall Street, in exchange for lucrative jobs or who-knows-what favors later on. An audit would expose the Fed as a massive fraud perpetrated on this country, enriching a privileged few bankers at the top of our economic food chain, and leaving the rest of us with massively devalued dollars which we are forced to use by law. An audit would make people realize that, while Bernie Madoff defrauded a lot of investors for a lot of money, the Fed has defrauded every one of us by destroying the value of our money. An honest and full accounting of how the money system really works in this country would mean there is not much of a chance the American people would stand for it anymore.
Multi-Trillion Dollar Fraud Lurks
by LM Lupo, 9.24.2009
http://www.financialtrader.com/fraud/trillion-dollar_fraud.2010.html
http://www.thestreet.com/video/index.html#42374339001
For a minute I thought you typed all of those agencies out. Then I looked on Wikipedia. ....cheater. Also, I hardly think the California Task Force on Culturally and Linguistically Competent Physicians and Dentists is dispensable.
For a minute I thought you typed all of those agencies out. Then I looked on Wikipedia. ....cheater. Also, I hardly think the California Task Force on Culturally and Linguistically Competent Physicians and Dentists is dispensable.
Is their a contest here to write every word here?
what you mean by cheater?
Anyway, someone just forwarded me this video. Its COMPLETELY off topic--- though I was going to try to work in some taxpayer vs big govt/ big business analogy, ha. http://www.youtube.com/watch?v=s1Hh5-VzbRI
Whitehouse.gov OBAMA
your bless Criminal crooks have now parked new scam technology stock bubble worthless paper in USA working class Pensions via MUTUAL FUND criminal Crooks. Next crash will now wipe out pensions for complete bust.
You are single handedly now responsible for USA Pension bust next...& WHY?
You blessed same criminal Crooks who scammed and busted us and you joined them by hiring same criminal crooks instead of putting them in jail for their crimes.
@Ken.
I have a proposal for you...contact the writers for the largest financial and political blogs...email them through their site contact buttons...choose a date for a NATIONAL STRIKE...of the sort that Larry Flynt advocated here:
http://dailybail.com/home/the-daily-bail-endorses-larry-flynts-call-for-a-national-str.html
And use your energies trying to get a coalition off the ground instead of wasting time spamming messages that are garbled and extremely difficult to understand...
The task I am suggesting you undertake will not be easy, I have tried myself on a couple of occasions, but it will be more fruitful than anything you post here. Trust me.
Ken,
You don't seriously think that BHO is reading your messages, do you? One of two things happens when you "scream" at our rulers: (1) their staff deletes/ignores all of your messages or (2) you are perfunctorily added to a very long list of "crazies" that the govt plans on doing nothing about.
Now, if you saw BHO or some other tax eater walking dowing the street and decided to "scream" at them, then that would make a small difference. But really what you need to do is get within screaming distance of the TV cameras.
As for the idea of just up and revolting, willy nilly -- I've responded to this at least once and I made myself clear. I've yet to see counter argument one from you in regard to anything I wrote. That wouldn't necessarily matter except that I'm right about this. Dammit. And I know it. Further, I let you know it. So, if you've got some brilliant strategy up your sleeve that if implimented would prove me wrong about some spontaneous revolt happening, then please share. I haven't seen or heard about it. Moreover, why haven't you yourself revolted already? If you say you're waiting for others to join you, then I'd say your halfway to understanding what I've been saying all along. Your own actions (and inaction) suggest you don't really believe your own arguments, anyway.
But insulting the Daily Bailers, the goldmansachs666-ers and fellow travelers is just misguided. I mean, how many anti-bailout converts have you made, and how many fence-sitters have you pushed over to our side? It seems to me that practical results are already being achieved in this regard by sites like The Daily Bail, so it's ironic (to me at least) when you accuse other people of "feeling proud" simply for posting some edgy comments on a website. Encouraging revolt and resistance IS what's going on here. The only resistance you seem to be inspiring is from the very people who might otherwise be on your side.
[ARGHHHHHHHHHHH. That's 32 minutes I will never get back.]