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U.S. Needs the Equivalent of PM’s Questions as UK Government Collapsing
http://www.timesonline.co.uk/tol/news/politics/article6421599.ece Hazel Blears dealt a potentially fatal blow to Gordon Brown's political authority today when she announced her departure from Cabinet on the eve of crucial local and European elections. It was the fourth ministerial resignation in 24 hours and the second at Cabinet level after the news yesterday that Jacqui Smith, the Home Secretary, is also to stand down. It also came as Mr Brown's critics in the Labour Party canvassed support for a round-rCollected in tristar-research's videos Jun 3, 2009 -
GOP attacks GM takeover, Wall Street Profiteers
When the White House Press Spinner Gibbs says, "we all have to make sacrifices," he smirks away. The only one making a sacrifice in this disaster is our children who are facing a $72T debt burden, if you bother to count Medicare and Social Security- which, of course, they will never receive. ZeroHedge calls the spade a spade in this post: GM is set to announce the sale of Hummer for $100-$200 million at some point today, marking the most anyone paid for one of those since Eliot Spitzer. As Zero Hedge reportCollected in tristar-research's videos Jun 2, 2009 -
Dodd Facing Tough Re-election Fight- Could Always Work for AIG
Of course we will have Fascism in America, but we will call it Democracy. - Senator Huey Long From Daily Kos: It is interesting to note that the bonuses about which President Obama is so angry were explicitly protected by Senator Dodd in the stimulus bill that President Obama signed. Can someone help me understand why AIG is a bunch of bad guys for taking advantage of provisions that the Congress went out of its way to add to law? http://www.foxbusiness.com/... "While the Senate was constructingCollected in tristar-research's videos May 30, 2009 -
Test Driving the Chevy Volt, GM’s Extended-range Electric Vehicle
The Chevy Volt- The Taxpayer's Car ! UAW health care trust will own 17.5 percent of GM: David Shepardson and Louis Aguilar / The Detroit News The United Auto Workers leadership council approved a package of concessions today with General Motors Corp. today that gives the union trust fund that takes over responsibility for retiree health care just 17.5 percent of General Motors Corp. stock, officials said today. The UAW stock deal is part of a concessions package reached between the union and the automakeCollected in tristar-research's videos May 27, 2009 -
Bank Regulator William K. Black explains that Mortgage Fraud Stemmed from Lenders (IndyMac, WAMU, Countrywide)
Famed bank regulator William K. Black, a consumer-protection hero of the savings and loan scandal of the 1980s, speaks with The Young Turks radio show about the massive banking fraud perpetrated on the American people and the futility of the Obama administration's bank rescue plan. FBI said in September 2004 that there was "an epidemic of mortgage fraud", and it will be worse than the S&L crisis. The FBI received 63,000 cases of fraud last year (80% by the LENDERS) and the FBI clears 800 cases a year. TalCollected in tristar-research's videos May 25, 2009 -
AIG Tab > $190B! The Fed Directed $100B be paid from Taxpayers to Goldman and Others Offshore-100% of CDS Face Value!
Since September 2008, AIG has received over $180 billion in Federal assistance to help stabilize the company. The House Oversight Cmte. heard assessments from the three trustees appointed by the New York Federal Reserve to oversee the use of taxpayer funds. AIG Chairman & CEO Edward Liddy also testifies before the Committee.Collected in tristar-research's videos May 22, 2009 -
Timmy Geithner’s Fear: Greenspam Warns of “Shortfalls”
Former Federal Reserve Chairman Alan Greenspan signaled that the financial crisis has yet to end even as borrowing costs tumble, warning that U.S. banks must raise “large” amounts of money, according to Bloomberg. “There is still a very large unfunded capital requirement in the commercial banking system in the United States and that’s got to be funded,” Greenspan said in an interview yesterday in Washington. He also said that “until the price of homes flattens out we still have a very serious pCollected in tristar-research's videos May 21, 2009 -
The Flagrantly Visible Hand Manipulating the Market
Three commentators on Fox News admit that the Bernanke put has been jamming the futures overnight and at the close of each market day- Oh, who has $10-20B of EOD firepower? Three guesses...the head of Schaeffer's Investments comments: “Something strange happened during the last 7 or 8 weeks. Doreen you probably can concur on this -- there was a power underneath the market that kept holding it up and trading the futures. I watch the futures every day and every tick, and a tremendous amount of volume cameCollected in tristar-research's videos May 19, 2009 -
Support HR 1207:Federal Reserve Looting the Taxpayer- $9TRILLION MISSING?
Federal Reserve Inspector General Elizabeth Grayson is a complete and utter liar regarding the bailouts and the taxpayers assets disposition. Where did the TRILLION DOLLARS GO???Collected in tristar-research's videos May 13, 2009 -
Saturday Night Live – Geithner Cold Open – Video – NBC.com
A very funny deadpan parody of Timmy the Tax Dodge- it's a pass-pass system. "Geithner Sucks!"Collected in tristar-research's videos May 12, 2009 -
Glass-Steagall Act: Byron Dorgan Pointed out the “GSA Repeal” was “NUTS!”
Gramm, Leach, Bliley Act gutted Glass-Steagall which created the financial conglomerates that are "TOO BIG TO FAIL". Guess who was Treasury Secretary then, Larry Summers, our current head of Obama's Council of Economic Advisors. Only eight senators would vote against the measure -- lionized by its proponents, including senior staff in the Clinton administration and many now staffing President Obama, as the most important breakthrough in the worlds of finance and politics in decades. "It was more like a tidCollected in tristar-research's videos May 12, 2009 -
Santelli To Liesman: “Don’t Open Your Mouth And Say Dumb Things!”
Collected in tristar-research's videos May 6, 2009 -
Obama on State Secrets Doctrine- What’s Different from Bush’s Policies?
According to the government's theory, the Judiciary should effectively cordon off all secret government actions from judicial scrutiny, immunizing the CIA and its partners from the demands and limits of the law. We reject this... Separation-of-powers concerns take on an especially important role in the context of secret Executive conduct US Court of Appeals for the Ninth Circuit,28 April 2009 Under international law, victims of human rights violations have the right to remedy and redress. This must not onCollected in tristar-research's videos May 1, 2009 -
Niall Ferguson On Fareed Zakaria’s Show: Discusses Financial Crisis, Agrees With Paul Krugman (VIDEO)
Harvard neo-imperialist economic historian Niall Ferguson argues for bank nationalization as Citigroup and Bank of America are insolvent- He points out that there is NO DIFFERENCE BETWEEN THE BUSH AND OBAMA ADMINISTRATIONS- no kidding, professor, Goldman has been running the U.S. since the early 1990s. Niall Ferguson (born April 18, 1964, in Glasgow) is a British historian. He specialises in financial and economic history as well as the history of empire. He is the Laurence A. Tisch Professor of History atCollected in tristar-research's videos Apr 26, 2009 -
President Obama: Wall Street Bankers are terrorists holding us hostage
Interesting- in this town hall meeting, President Obama explains the bank leverage problem. But he says "we are not going to get 100% of the capital back lent by these banks" who have bombs strapped to their bodies, he explains. Oops, Sheila Bair of the FDIC says they see "no risk" (my earlier post) from losses tied to selling toxic assets on a leveraged basis to private investment firms like Goldman, PIMCO, and others with the inside track and colleagues in the positions to direct the best assets to them!Collected in tristar-research's videos Apr 10, 2009 -
Frank says Bernanke Approved AIG Bailout BEFORE $700B TARP Approved!
In an inflammatory response to a student question at the Harvard School of Government, Rep. Barney Frank bobs and weaves and weasels out of taking any responsibility for the subprime crisis and the lack of hedge fund and non-bank bank regulation. Frank gets hissy and nasty and points out that Bush FIRED SEC Chairman Bill Donaldson in 2006. Worse, Frank confesses that Fed Chair Ben Bernanke employed a 1932 stature in September 2008 to TELL Congress that the first $85B in "lending" to AIG was done. Then PaulCollected in tristar-research's videos Apr 9, 2009 -
Peter Schiff Warns that the Chinese are OUT and M2M is a Bust
Peter Schiff points out that the Chinese have already decided to move away from the dollar and are not buying Treasury bonds as the economy slumps.Collected in tristar-research's videos Apr 3, 2009 -
Schiff Points Out the Absurdity of Pushing “Consumerism” Again
Two years ago, when major banks announced multibillion-dollar losses in subprime mortgages, the world's central banks injected unprecedented amounts of cash into the financial markets. But that was not enough. Six months later, when Lehman Brothers and AIG fell, the U.S. Congress rushed to pass the TARP, the greatest bank bailout legislation of all time. But as it turned out, that wasn't sufficient either. Subsequently, in addition to the original goal of TARP, the U.S. government has loaned, invested,Collected in tristar-research's videos Mar 26, 2009 -
Jim Rogers: Dollar is Doomed - FED Forced Short Cover of US$
Dollar Devaluation Underway After Short Squeeze engineered by the FED: we are headed for a massive dollar devaluation, regardless of the means--whether it is planned and accomplished by central banks, or by the markets reacting to huge government money printing that force the devaluation. Unlike during the Great Depression, we are no longer on the gold standard. Currencies are free to float and can be manipulated by central banks or politicians and moved by markets. In fact, I believe that one or both has aCollected in tristar-research's videos Mar 25, 2009
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tristar-research http://www.timesonline.co.uk/tol/new... Hazel Blears dealt a potentially fatal blow to Gordon Brown's political authority today when she announced her departure from Cabinet on the eve of crucial local and European elections. It was the fourth ministerial resignation in 24 hours and the second at Cabinet level after the news yesterday that Jacqui Smith, the Home Secretary, is also to stand down. It also came as Mr Brown's critics in the Labour Party canvassed support for a round-r Read More
Jun 3, 2009