Just 5% Of People Account For 50% Of U.S. Health Care Spending, Ron Paul Tells CNN The U.S. Should Declare BANKRUPTCY!, GOP Willing To Agree To Defense Cuts For A Debt Deal, Why The Dow Will Plunge To 7,000 (LINKS)

There is not a weak link in tonight's group of 20.

SHOCK REPORT - Just 5% of People Account for 50% of U.S. Health Care Spending

Fed President Thomas Hoenig: Biggest banks put ‘future of capitalism’ at risk

Ron Paul: The U.S. should declare BANKRUPTCY!

Reuters Special Report: A little house of secrets on the Great Plains

Federal Withholding Tax Data Says The US Is ALREADY In A Recession

Did the FDIC really kill the repo market? - Chris Whalen Reuters Blog

Obama Proposes $600 Billion In Tax Hikes For Debt Deal - These Aren't Bad At All

SHOCK - GOP Willing To Agree To Defense Cuts For A Debt Ceiling Deal

Can Congress Read?

Here's Why The US Is An Even Bigger Kleptocracy Than Greece

What The New Greek Austerity Really Means - The 10 Big Changes

$8.5 Billion Settlement but No Fraud, Right? They Must Think We’re Stupid

Why The Dow Will Plunge To 7,000 - Marketwatch

Oregon judge voids foreclosure sale, casting huge doubt on others

Anti-TSA pat-down bill Officially DIES in Texas Legislature

NWO Fears Realized - Brown advocates for ONE-WORLD parliament

My degree isn't worth the debt! - CNN Slideshow

BANKS WIN AGAIN - When The Fed Reversed Course Today On Debit Card Swipe Fees, This Is What Happened To Visa - 1-Minute CHART

The Biggest Republican Mastermind And The Biggest Democrat Fundraiser Literally Work For The Same Company - James Altucher (Must Read)

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Comments

[DailyBail]

WASHINGTON (AFP) - The US Federal Reserve said Wednesday it was extending its emergency liquidity facility for its leading Western counterparts as Europe's sovereign debt crisis continues to fester.

The US central bank said its existing temporary US dollar liquidity swap arrangements with the European Central Bank, the Bank of England, the Swiss National Bank and the Bank of Canada would be extended for one year from August 1, the expiration of the current pact.

http://www.activistpost.com/2011/06/us-fed-extends-crisis-aid-for-ecb-boe.html

[DailyBail]

The most important point in market history

http://www.marketwatch.com/story/the-most-important-juncture-in-market-history-2011-06-28?Link=obinsite

[DailyBail]

Extreme tuition hikes ahead

http://money.cnn.com/galleries/2011/news/economy/1106/gallery.in_state_tuition_increases

[DailyBail]

New Rules For Western Banks, Same Hypocrisy

http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=21204%3Anew-rules-for-western-banks-same-hypocrisy&catid=47%3Aus-commentary&Itemid=132

[DailyBail]

Inflation hits 8-year high, pressures Bank of Canada

http://ca.reuters.com/article/businessNews/idCATRE75S25W20110629

[DailyBail]

WASHINGTON (MarketWatch) - The Federal Reserve is set to provide relief to banks when it votes Wednesday afternoon to adopt controversial debit-card rules that are set to shift billions of dollars in revenue from financial institutions to merchants. According to a draft final rule released by the central bank, the Fed will vote to cut fees that retailers pay to accept debit-card payments to 21 cents, plus a conditional charge of a penny and 0.05% of the transaction value for fraud prevention. On the average debit transaction of $38, the Fed's proposal would have retailers pay 23.9 cents.

http://www.marketwatch.com/story/final-fed-debit-card-draft-less-costly-to-banks-2011-06-29?link=MW_home_latest_news

[DailyBail]

(Reuters) - Bank of America Corp said it expects to take more than $20 billion of charges after settling with mortgage bond investors, resulting in a second-quarter loss.

http://www.reuters.com/article/2011/06/30/us-bankofamerica-settlement-idUSTRE75S2O220110630

$20 billion...and angelo mozillo roams free...remember that bac paid $4 billion for countrywide...and now a $20 billion write-off...with at least $5 billion still to come according to analysts...

one of the dumbest takeovers in corporate history...and ken lewis was named banker of the year recently and floated off into retirement with a retirement package worth several hundred million...bac shareholders have been royally screwed...

[DailyBail]

Brady Bunch mom got crabs in affair with NY mayor

http://www.reuters.com/article/2011/06/25/people-henderson-idUSN1E75N1XG20110625

This made me laugh...and i needed a laugh...have been working on the site for 15 hours so far today...with 2 hours off for dinner...

[TR]

We can't bankrupt! We have to take care of TBTF.

http://market-ticker.org/akcs-www?post=189057

The DOW can't fall to 7000 or lower just like housing values will never stop rising.

DB, Just watch MSM for 1 hour,that should send you into hysterical laughter.

[john]

Fannie Mae Silence on Taylor Bean Opened Way to $3B Fraud

http://www.bloomberg.com/news/2011-06-30/fannie-mae-silence-on-taylor-bean-mortgages-opened-way-to-3-billion-fraud.html

[snip]

The first sign of what would ultimately become a $3 billion fraud surfaced Jan. 11, 2000, when Fannie Mae executive Samuel Smith discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else.

FLASHBACK:

Small Law Firm’s Big Role in Bundling Mortgages

http://www.nytimes.com/2008/02/01/business/01legal.html

[snip]

The young firm, McKee Nelson, helped investment banks and mortgage lenders bundle home loans into securities — lots of them. Since 2000, McKee has been involved in almost 3,300 deals totaling $2.7 trillion, according to Asset Backed Alert, an industry newsletter.

Note the year 2000...........

[DailyBail]

Thanks john...

Authorities Investigate Security Breach At JFK Airport After Man Flies To Los Angeles Without Ticket Or ID

http://newyork.cbslocal.com/2011/06/30/authorities-investigate-security-breach-at-jfk-airport-after-man-flies-to-los-angeles-without-ticket/

[john]

Whitey Bulger flown to Boston in a helicopter

http://www.bostonherald.com/news/regional/view.bg?articleid=1348963&srvc=rss

[snip]

Meanwhile, Icelandic police have heard nothing from the FBI, despite claims that the tip that led to Bulger’s capture came from a woman on the island, according to media reports.

Efforts by the Icelandic news site, The Pressan, to find the woman, whom reportedly once lived in the same apartment building as Bulger’s galpal Catherine Greig, were also unsuccessful. The award is worth $2.1 million.

“Even after a great search by media here and in Boston, no leads have come up on her or if she is indeed real,” the Pressan wrote

[Richard_]

I have cancer. Treatment is expensive. If my insurance company would give me some money I could leave my kids, I would be happy to let them off the hook; in other words, buy me out.
Then, if I really want any treatment, I can go to Costa Rica and get it for 10% of what it costs here in the US.

[DailyBail]

Richard...I hope it turns out ok for you...

[Howard T. Lewis III]

A one year delay in European-U.S. currency swap repayments and Geithner's car muffler is dragging on the pavement from a trunk full of coin as he crosses the sidewalk during a clean getaway to a British offshore bank located on some British protectorate. Lewis gets a 100+million dollar bonus for facilitating fraud and the high velocity trading marches on. I imagine Chaalllz is having a jolly good chuckle over this and his bankers too.

Too bad America has its head up its own behind too far to notice any problem. When the market crashes again from the volume emptied out every fiduciary back door from San Francisco to Wall Street recently, there will be so much disappointment. In 1929 after the big crash, we are told investors and bankers took their own lives out of feelings of depression for letting down their clients. More likely, they were done by pros hired by people who found out that the top clients had been advised to divest while the lesser clients' savings and investments were needed to support the investors and bankers. The lesser clients lost everything. Now, the bailouts allow piracy at-will.

If QE-3 does not happen, investors better say "Bye, honey" to their wives soon thereafter. The theft and closed mouth attitude of most Wall Street personalities belies a complete and accurate understanding of the lack of morality permitted by Bush's deregulation. The financial industry produces nothing and takes everything. And recently has computerized their rapine and been the fastest growing industry in America. I caught my account/investor lying to me three times in one phone call last week. He is history. What an a______. The ONLY fast growing industry in America.

[john]

Part 1 of a 2 part series.

Lyme Cover Up Rages On

http://www.activistpost.com/2011/07/lyme-cover-up-rages-on.html

[snip]

Without Early Eradication Lyme is Chronic, Expensive, Does Not Leave Easily
Lyme patients often state that they’ve seen an average of 30 doctors, spent over $100,000 in medical care and waited up to 15 years for a Lyme diagnosis. Why??

Lyme disease antibodies can be detected early with a blood test. If caught early it can be treated with an inexpensive bottle of antibiotics. But that is rarely the case. Patients are told it’s not Lyme, it won’t be tested for, it’s something else and so the struggle begins….

Stay tuned for part 2 of this series....

Sources:
Under Our Skin (2008), available on Netflix
http://www.cdc.gov/lyme/postLDS/index.html
http://www.cdc.gov/lyme/
http://www.huffingtonpost.com/leo-galland-md/lyme-disease-symptoms_b_876096.html
http://www.lymenet.org/SupportGroups/UnitedStates/
http://www.lymecommunity.com/forums/ubbthreads.php?ubb=showflat&Number=2711
http://www.cbsnews.com/2300-204_162-10007902.html?tag=page

This series is dedicated to Lyme patients everywhere