Fed Balance Sheet Hits New Record, NY Foreclosure Nightmare Chart, Socialized Stocks Outperform U.S. Market, Barney Frank & Ron Paul Introduce Bill To Legalize Marijuana, AFLAC Quacks Big Losses (15 LINKS)

Links from around the web tonight.

• Fed balance sheet grows to RECORD $2.86 trillion in latest week
• Aflac Admits to $610 Million in Losses on European Banks
• 41 Facts About The National Debt
• Bill Gross Just Set The Date For Operation Twist 2 And QE3
• Economic Misery Gets A Hearing On The Hill
• HSBC Seeks Dismissal of $9 Billion Madoff Trustee Lawsuit
• World's wealthiest people now richer than before the credit crunch - UK Guardian
• Trichet Says Risk Signals Are Flashing Red as Crisis Threatens Banks - Bloomberg
• Stocks Of Socialized Countries Have Outperformed U.S. Stocks Since Reagan Era
• Tim Geithner Is Angry: Banks Have Spent Vast Sums To 'Erode' Financial Reform
• Attention Forex Shoppers - Let Them Fail
• TSA Set To Take Legal Action Against Texas - Historic Bill Comes To Vote Friday
• German E. Coli Strain Joined Two Deadly Traits in Outbreak, Study Finds - Bloomberg
• Barney Frank and Ron Paul Introduce Bill to Fully Legalize Marijuana
• In New York, it would take lenders 62 years at their current pace to repossess the 213,000 houses now in severe default or foreclosure - CHART
• And as usual more links are here...

Comments

[DailyBail]

Magnetar Deal Prompts SEC Settlement With JPMorgan Chase

http://www.propublica.org/blog/item/magnetar-deal-prompts-sec-settlement-with-jpmorgan-chase

[DailyBail]

The New Greek Finance Minister Has Already Pissed Off The Rest Of Europe

http://www.businessinsider.com/evangelos-venizelos-angers-europe-2011-6#ixzz1QA4zWZ2Q

[DailyBail]

The Best Trader In the World Worked for Bernie Madoff

http://www.jamesaltucher.com/2011/06/the-best-trader-in-the-world-worked-for-bernie-madoff/

Interesting read if you like stock trading...

[DailyBail]

Pulitzer Winning Journalist Jose Antonio Vargas Comes Out as Illegal Immigrant

http://abcnews.go.com/Politics/immigration-journalist-jose-antonio-vargas-fights-dream-act/story?id=13899697

[DailyBail]

RICHARD KOO: Get Ready For Two More Years Of Housing Market Nightmare

http://www.businessinsider.com/richard-koo-house-prices-us-2011-6#ixzz1QA8etAp5

Try 5 more years...Koo is a failed Keynesian who wants MUCH more wasteful stimulus...he doesn't understand that nothing will help...

[DailyBail]

Trump Lands $160 Million Pay Day For Celebrity Apprentice

http://www.businessinsider.com/donald-trump-160-million-celebrity-apprentice-2011-6#ixzz1QA91tTFW

He makes more off this show than any of his business deals...

[DailyBail]

LIFE IN THE 1970s: Skateboarding And Hanging Out In Sunny California

http://www.businessinsider.com/photos-skaters-california-1970s-2011-6?op=1

Cool photos...

[TR]

IF stuff like this continues there could be blood in the streets.

http://www.youtube.com/watch?v=HfoYSrjNvjQ

[DailyBail]

i saw that a few minutes ago tr...was just going to post it...

[tom dee]

The reality is no one can stop the federal reserve from buying the US debt and no one can ask an accounting on what the Federal reserve is doing or spending. How did this monster ever get started? The bankers got together and created the perfect organization to support the bankers. There is little hope for the United States until they get rid of the monster of all organizations which is the federal reserve bank. An organization which is not federal and not a bank. The one question one has to ask is the story states that the federal reserve has borrowed 2.8 trillion but how does one know what they really did. What agreements do they get to make with foreign banks or any other foreign organization. The federal reserve can make in effect treaties and the congress who should have the power to approve or disapprove of the "treaty" or agreement does not even have the right to be informed on the matter. One has to be a fool to believe that this arrangement is anything but bad. The history of the purcahse power of the dollar is a disaster since the federal reserve was created. When the USA left the gold standard there was no restriction on how many federal reserve notes they can issue Help make the word a better place and at least demand some audit organization of the federal reserve. Do we not have the right to know how much the bankers are screwing us even if we cannot do anything to stop the evil ones.

[john]

Once Rare, Infection by Tick Bites Spreads

http://www.nytimes.com/2011/06/21/health/21ticks.html?_r=3&partner=rss&emc=rss

[snip]

The condition, called babesiosis, is a malaria-like illness that results from infection with Babesia microti, a parasite that lives in red blood cells and is carried by deer ticks. Though far less common than Lyme disease, babesiosis can be fatal...

....If not caught and treated early, babesiosis can lead to such complications as kidney, lung or heart failure. The infection can be treated with antimicrobial medications, but people with serious complications are less responsive to the drugs.

Comment: the most effective preventative measure is use an insect repellent that contains DEET. Avoid the woods or tall grass if you are not using insect repellant. Be careful trimming shrubs and gardening. Check yourself or have someone look for ticks that may be on you. This is also very helpful in preventing Lyme disease.

[S. Gompers]

Fermented foods have been shown to be beneficial in the treatment and possible prevention of Lymes as well John. Proper gut function and flora plays a vital role in preventing/ treating many conditions. Fermented foods is the oldest form of preserving food and dates back some 6000 years. As modern food production has slowly drawn away from lacto fermentation and gone to cheaper and quicker forms of preservation, illness has increased dramatically.

Lactobacillus is truly a force of nature, but then modern profit oriented man says it is all voodoo, we better stay with the chemicals...


http://www.naturofm.com/web_resources/Lyme%20Info.pdf

[john]

Thanks. This concernes me especially where the homeless population is on the rise. This is the prime season for ticks and many are forced to 'camp' out for extended periods of time which increases the risk.

[Davol]

This is a reall good reason for everyone to contact Congress and the Senate and make noise about this bill before it dissappears under a carpet of BS about why they can't do this. The time to ring thier phones off the hook and hound them about this is right now.

[Texas Dar]

What most dont know is that you can get 23 differant diseases from a Tick Bite. Worse yeat if a "Skeeder" bites me, and then bites you, you have a 80% chance of getting one or all of the 6 diseases I have in me for 20 years now.

This is why so many are sick with something, and have No Clue why they are sick. Ann was bit in 1998 and had the "Bulls Eye". She did the ABX and kinda got it. But she is tired all the time and whares out easyly. But she is a Red Head, their tough and can take a lot.

A little bug bite, or Skeder bite, can destroy your dreams, life, or familys way of life in a mattter of days. It only took 20 some days before I couldent go to work haulling Propane in the Ozarks.............. Tex !

[Vanmind]

Ha, pathetic propaganda. Hey, guess which stock market was "fastest rising" during the 00's. That's right: Zimbabwe.

Good luck with the hyperinflation, ignorant socialists.

[Dudley Nightshade]

Tim Geithner Is Angry: Banks Have Spent Vast Sums To 'Erode' Financial Reform (?)

very confused front man