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« TAG UPDATE - Taxpayer Gift To Banks Dies In Senate | Main | ROUBINI: Bernanke Just Launched QE5 »
Thursday
Dec132012

Santelli: 'Faux Rich Thrown Into The Ditch!'

UPDATE - TAG Dies In U.S. Senate

Santelli yesterday with another taxpayer ripoff.

Rick Santelli on ending the little-known taxpayer bank subsidy known as TAG.

Chris Whalen explains everything about TAG here...

 

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Reader Comments (10)

Dec 13, 2012 at 1:59 AM | Registered CommenterDailyBail
Dec 13, 2012 at 1:59 AM | Registered CommenterDailyBail
Dec 13, 2012 at 2:00 AM | Registered CommenterDailyBail
Dec 13, 2012 at 2:01 AM | Registered CommenterDailyBail
Dec 13, 2012 at 2:02 AM | Registered CommenterDailyBail
LONDON (AP) -- British lawmakers on Tuesday demanded the government water down plans to keep track of phone calls, email and Internet activity - a bill critics dub a "snooper's charter."

http://hosted.ap.org/dynamic/stories/E/EU_BRITAIN_MASS_SURVEILLANCE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-12-11-07-02-35
Dec 13, 2012 at 2:02 AM | Registered CommenterDailyBail
Dec 13, 2012 at 2:03 AM | Registered CommenterDailyBail
AIG didn't work out either we are going to have a substantial loss

snip

(Reuters) - American International Group Inc (AIG.N) will sell nearly all of aircraft leasing business ILFC (ILFC.N) to a Chinese consortium for up to $4.8 billion, in a deal that gives the fastest growing aviation market easier and cheaper access to planes.

But the sale is at a far cheaper price than AIG sought and will lead to a substantial loss, the insurer's price for getting out of its last major non-core asset following the U.S. government bailout of the company in the financial crisis.

http://www.reuters.com/article/2012/12/10/us-aig-ilfc-idUSBRE8B900J20121210

Dirty Harry is doing his best to make sure the liberal elite's money is protected by the average Joe

United States: Scheduled December 31, 2012 Expiration Of The FDIC’s Transaction Account Guarantee Program (Financial Services Alert For December 11, 2012)

snip

The Transaction Account Guarantee ("TAG") program, which provides unlimited FDIC insurance coverage for noninterest-bearing transaction accounts, is scheduled to expire on December 31, 2012. Originally established by the FDIC in 2008, the first TAG program expired on December 31, 2010 and was immediately replaced by the current TAG program established under Section 343 of the Dodd-Frank Act, which sunsets at the end of this month unless Congress acts to extend the program. A bill to extend the TAG program for two additional years was introduced in the Senate by Senator Harry Reid on November 26, 2012 and cloture was filed on the bill today with a Senate vote expected to occur on Thursday, December 13, 2012.

http://www.mondaq.com/unitedstates/x/211120/Financial+Services/Scheduled+December+31+2012+Expiration+Of+The+FDICs+Transaction+Account+Guarantee+Program+Financial+Services+Alert+For+December+11+2012

Flashback to August

Trillion dollar bank insurance program may sneak into legislation

http://dailybail.com/home/the-us-treasurys-24-trillion-secret.html

No, Obama Isn’t About to Crack Down on Wall Street

http://www.propublica.org/thetrade/item/no-obama-isnt-about-to-crack-down-on-wall-street

From Bernie Madoff to Steven Cohen, Enabling Suspiciously High Returns

http://www.propublica.org/thetrade/item/from-bernie-madoff-to-steven-cohen-enabling-suspiciously-high-returns

The Bailed Out Buffet should be exposed for the phony he is

Another Tax Escape Angle to Buffet's Stock Buyback

http://www.economicpolicyjournal.com/2012/12/another-tax-escape-angle-to-buffets.html
Dec 13, 2012 at 11:20 AM | Unregistered CommenterLadyLiberty

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