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Wednesday
Aug192009

« How The Fed Was Born »

I posted this cartoon about the Federal Reserve a few months ago, but we have so many new readers we decided to give it an encore. Click the cartoon to see a larger version.  Personal favorite.

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Reader Comments (13)

Bailed-out Bank of America has been doling out millions in bonuses in an effort to lure talent and keep investment bankers who management views as vital, sources tell The Post.

Among those who are said to have received payouts are two former Merrill Lynch bankers, Fares Noujaim, who was recently appointed as BofA's vice chairman of investment banking, and Harry McMahon, a well-connected West Coast-based banker. Both were offered guarantees not to leave the firm.

Noujaim, a former Bear Stearns banker who joined Merrill last year, is said to have received roughly $15 million over two years.

http://www.nypost.com/seven/06182009/business/bailout_bonus_at_bofa_174854.htm
June 18, 2009 | Registered CommenterDailyBail
Obama's getting hurt by his massive deficits as I wrote would happen months ago.

http://www.nytimes.com/2009/06/18/us/politics/18poll.html?hp
June 18, 2009 | Registered CommenterDailyBail
New financial regulations do not touch S&P and Moodys...it's business as usual.

http://www.nytimes.com/2009/06/18/business/18securitize.html?ref=business
June 18, 2009 | Registered CommenterDailyBail
Sheila Bair not invited to the new regulation party.

http://www.nypost.com/seven/06182009/business/sheilas_bair_ly_there_174820.htm
June 18, 2009 | Registered CommenterDailyBail
June 18, 2009 | Registered CommenterDailyBail
Why Obama blinked on merging regulatory agencies...politics.

http://www.businessinsider.com/why-obama-blinked-on-merging-the-cftc-and-the-sec-2009-6
June 18, 2009 | Registered CommenterDailyBail
Lord of the Flies or Rawls' Original Position?
June 18, 2009 | Unregistered CommenterTyler
If Tyler means the "veil of ignorance," by which individuals are completely in the dark as to their abilities and intelligence, then I'd say you've got the Fed in a nutshell. Total veil of ignorance. From the start. By design?
June 23, 2009 | Unregistered CommenterJames H
In the state of nature, it might be argued that certain persons (the strong and talented) would be able to coerce others (the weak and disabled) by virtue of the fact that the stronger and more talented would fare better in the state of nature. This coercion is sometimes thought to invalidate any contractual arrangement occurring in the state of nature. In the original position, however, representatives of citizens are placed behind a "veil of ignorance", depriving the representatives of information about the individuating characteristics of the citizens they represent. Thus, the representative parties would be unaware of the talents and abilities, ethnicity and gender, religion or belief system of the citizens they represent. As a result, they lack the information with which to threaten their fellows and thus invalidate the social contract they are attempting to agree to.

From Wikipedia
June 23, 2009 | Registered CommenterDailyBail
If the Federal Reserve concept has you baffled, you must read THE CREATURE FROM JEKYLL ISLAND by G. Edward Griffin. This book may be purchased from American Media, P.O. Box 4646, Westlake Village, California 91359-1646. It is a thoroughly researched and well written expose of the Federal Reserve and decribes how the Reserve is not part of government at all but is simply a group of private bankers who have managed to fool Congress and the American people into allowing them to print paper money and then charge all of us exhorbitant interest for same.
June 23, 2009 | Unregistered CommenterWendy L.
The FED came about as part of the WZO initiated Balfour Declaration, an accomodation by the UK, who was preparing to end WW I through a "gentleman's" surrender to Germany (read Benjamin Freeman's 1961speech on this topic at Sweet Liberty), to set aside the colonized lands belonging to Palestinians and have them transferred to the WZO Bankers cult of Gypsies - a people without loyalty to nation and a dominion heretics' disregard for the laws of men.

At the time, and just as it was before the US entered WWII, the US populace was against the UK on the side of Germany. The sayans of the WZO persuaded the UK ministries not to surrender with the promise of finance for rearmament and the entry of US blood and treasure into the fray.

To do this, the WZO's media sayans in the US delivered the necessary commentary with the false surveys of US desire. Their main sayan, Justice brandies of the US supreme court assured Woodrow Wilson would break his promise not to enter the war and his support for the usury infrastructure necessary for the WZO finance, the Federal Reserve Act, by showing Wilson a few photographs and affidavits of his "Monica" doing embarrassing unspeakable breaches of Victorian conduct with Woodrow in the hat room.

Wilson caved, WWI was extend by years, Millions of Americans died and the Federal Reserve was born. The accommodation demanded by the Balfour Declaration was codified in the first act of the UN, an act that created the abomination commonly called the State of Israel, out of thin air,on the homelands of the true descendants of Abraham and Jesus, the Palestinians.

Goes a long way in explaining why all those Zionist Madrassa's have at least one hall named after Woodrow Wilson and Justice Brandies!
June 23, 2009 | Unregistered CommenterCadavre
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
August 20, 2009 | Unregistered CommenterKen

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