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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 -
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 -
Fed Seeks to Privatize SEC Securities Oversight Function
In what has to be a video testimonial to the absurdity of our "free market", CNBS host Dennis "Kneel" shills for the economy in early 2008 and then, in a brilliant clip, completely ignores Jeff Mackey's obtuse? protests about the absurdity of the auto and bank bailouts....Truly tellingCollected in tristar-research's videos May 20, 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 -
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 -
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 -
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 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 report Read More
Jun 2, 2009