UPDATE - Fannie And Freddie Turn Profitable, Still Owe Taxpayers $146.5 BILLION

Raw Video - The guided-missile destroyer USS Porter (DDG 78) was damaged during a collision with a Japanese-owned oil tanker near the Strait of Hormuz.

A few stories from around the web tonight:

• Fannie and Freddie make a profit, still owe taxpayers $146.5 BILLION
• Peregrine CEO indicted on 31 charges, faces 155 years in jail - Reuters
• Three JPMorgan bank employees admit to $4.8 million tax identity fraud
• CEPR Head: Greek Exit 'Way More Dangerous Than People Think' (CNBC)
• JPMorgan To Pay $100 Million To Settle Class-Action Suit Over Credit Card Fees
• Exonerated Ex-Goldman Sachs trader/programmer charged AGAIN
• John Carney - Why Private Job Creation Is Even Slower Than It Looks
• CATO Institute Study - Tea Party Movement Is Libertarian At Core
• UN: More obese people in the world than those suffering from hunger
• 17-Year Old World Texting Champ Nets $50K

Comments

[DailyBail]

NEW YORK (Reuters) - The sole crude distillation unit at Chevron Corp's (CVX) large Richmond, California, refinery may be shut for at least four to six months after last week's fire, industry intelligence group IIR Energy said in a report that suggests the outage may be twice as long as feared.

http://finance.yahoo.com/news/fire-hit-chevron-california-crude-023732835.html

[DailyBail]

(Reuters) - Jay V. Merchant, who has come under federal scrutiny in the Libor manipulation scandal related to his tenure at Barclays Plc, left his position as head of swap trading at UBS on Monday, a UBS spokeswoman confirmed. Merchant, who worked for Barclays in New York from 2006 to 2009, is being looked at by U.S. authorities over his activities while working at Barclays' swaps desk in New York. Merchant's lawyer, John Kenney, was not immediately available for comment.

http://finance.yahoo.com/news/ex-barclays-trader-merchant-under-004714504.html

[DailyBail]

In April, Fauquier County threatened Martha Boneta, owner of a small farm in Paris, VA, with thousands of dollars in fines for a series of alleged violations, including hosting "an event" on her farm without obtaining a special events permit.

The event? A small birthday party for the 10-year old daughter of a close friend, Robin Verity.

Martha was also cited for selling produce directly to consumers from her farm without a license. But Ms. Boneta paid for and received a county-approved business license for a "retail farm shop" in June, 2011. However, just one month later, the county Board of Supervisors approved an amendment that restricted "farm sales", and began issuing citations to farmers in the area.

Farmers in the area believe this is a violation of Virginia's "Right to Farm Act", which bars governments from restricting the rights of farmers from earning a living, so they orchestrated a protest during Martha's Board of Zoning Appeals hearing on August 2nd, 2012.

http://www.youtube.com/watch?v=1e7Mwjf-QPI&feature=player_embedded

[SKINFLINT]

Some bio on Fannie Mae president. -

[SKINFLINT]

http://www.fanniemae.com/portal/about-us/company-overview/leadership/mayopoulos.html

[SKINFLINT]

Finally glad to see someone at the Morgue getting some comeuppance.

[SKINFLINT]

A 10-foot buffer zone also would apply to fertilizing hayfields. A draft of the proposal last year would have banned pasturing livestock within 10 feet of streams and surface water.
The state also should account for wildlife that drink, graze — and defecate — around streams, Mason said.
“Our enemy is not a foreign state but our own,” Mason

State of Maryland hearing with farmers commenting.

. website/docs/law-and-development/law-and-development09-bolivias-war-over-water.pdf http://www.uchastings.edu/faculty-administration/faculty/roht-arriaza/cla


Bolivia’s war with privitisation.




http://www.rte.ie/news/2012/0110/water.html


http://www.sinnfein.ie/contents/23042


Irelands problems with water systems going private.


Last buy not least, the gentleman who had collected rainwater for years is now serving a 30 day jail sentence for doing so.


http://www.naturalnews.com/036800_rainwater_collection_Oregon_jail_sentence.html
Some water war articles.