Archive for the 'Elite' Category
Federal Reserve General Counsel Scott Alvarez Threatens the U.S. with Economic Terrorism
September 26th, 2009Some people may not like my headline. I don’t care. Make up your own headline, if you like. Call it whatever you want. Barney Frank doesn’t want to rock the boat. Oh no. Appearances need to be maintained on the Ship of Fools. Well, the only thing that’s certain is that the Ship of Fools […]
Change: Buy Obamacare or Face Jail or a $25,000 Fine
September 26th, 2009Via: Politico: Sen. John Ensign (R-Nev.) received a handwritten note Thursday from Joint Committee on Taxation Chief of Staff Tom Barthold confirming the penalty for failing to pay the up to $1,900 fee for not buying health insurance. Violators could be charged with a misdemeanor and could face up to a year in jail or […]
‘Two Bodies’ on Mafia Waste Ship
September 25th, 2009Via: BBC: Investigators in Italy examining a shipwreck containing possible radioactive waste say they may have found two bodies on board. An underwater camera also showed pictures of orange barrels, with the word “toxic” on their side. The boat lies in 500m of water off the south-western coast of Italy. Officials say they believe the […]
G20 Members Will Subject Economic Policies to “Peer Review”
September 25th, 2009Via: Wall Street Journal: The Group of 20 nations is close to an agreement that would require members to subject their economic policies to a type of “peer review,” according to several senior G-20 officials, in a shift that would expose the U.S. and China to broad scrutiny of the way they run their economies. […]
Federal Reserve Admits Hiding Gold Swap Arrangements, GATA Says
September 24th, 2009Via: GATA Press Release: The Federal Reserve System has disclosed to the Gold Anti-Trust Action Committee Inc. that it has gold swap arrangements with foreign banks that it does not want the public to know about. The disclosure, GATA says, contradicts denials provided by the Fed to GATA in 2001 and suggests that the Fed […]
Eric Kolchinsky: Moody’s Whistle-Blower
September 23rd, 2009Via: Reuters: Senior managers at Moody’s Corp still favor revenue over ratings quality and are willing to dismiss or silence employees who disagree with them, according to a recently suspended Moody’s managing director. In written testimony obtained by Reuters for a U.S. congressional hearing on Thursday, Eric Kolchinsky said the firm’s credit policy group is […]
U.S. Taxpayers May Owe As Much As $23.7 Trillion for “Stimulus” and Bailouts
September 23rd, 2009Via: Bloomberg: U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program. The Treasury’s $700 billion bank-investment program represents a fraction of all federal support to resuscitate the U.S. financial […]
2,500 Pennsylvania National Guardsmen Deployed for G-20 Security
September 23rd, 2009Via: Lebanon Daily News: More than 2,500 Pennsylvania National Guardsmen – including several from Lebanon County – are in Pittsburgh for the G-20 summit, set to take place Thursday and Friday. During the mission, dubbed Operation Steel Kickoff, the Guardsmen will fall under the direction of the U.S. Secret Service and will support local, state […]
AIG May Not Repay Its Taxpayer Tab
September 23rd, 2009Mmm hmm. Via: ABC News: One year after the biggest corporate bailout in the country’s history, a government watchdog office Monday warned that American taxpayers may not recoup the full $182 billion given to embattled insurance giant American International Group. “AIG’s ability to restructure its business and repay the government is unclear at this time,” […]
And Now… FDIC Could Seek Bailout from Banks
September 22nd, 2009Oh man, I’ve heard it all at this point. Here are the details of how this will work. Note: Get ready to close the tab that opens or your eyes may start to bleed after just a few seconds. Via: AP: Regulators may borrow billions from big banks to shore up the dwindling fund that […]
