Archive for the 'Elite' Category
Colin Powell: “There’s going to be a crisis come along on the 21st or 22nd of January that we don’t even know about right now.”
October 21st, 2008What do you make of this one? Additionally, Joe Biden mentioned a “generated crisis”: “Mark my words,” the Democratic vice presidential nominee warned at the second of his two Seattle fundraisers Sunday. “It will not be six months before the world tests Barack Obama like they did John Kennedy. The world is looking. We’re about […]
American Taxpayers Buying Bank Stocks
October 11th, 2008The eye atop the pyramid seems to be glowing a bit brighter than usual. Via: Bloomberg: U.S. Treasury Secretary Henry Paulson said the U.S. will buy equity “as soon as we can” in banks and other financial institutions to restore market stability and revive economic growth. The Treasury is “working to develop a standardized program […]
BERLUSCONI: LEADERS MAY CLOSE WORLD’S MARKETS
October 10th, 2008Via: Bloomberg: Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world’s financial markets while they “rewrite the rules of international finance.” “The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,” Berlusconi said today after a Cabinet meeting in Naples, […]
AIG, Castigated for Resort Event, Plans Another One
October 9th, 2008Via: Bloomberg: American International Group Inc., castigated by the White House, Congress and Barack Obama for hosting a $440,000 conference days after an $85 billion federal bailout, plans to hold another gathering for brokers next week. The event, at the Ritz-Carlton in California’s Half Moon Bay, aims to “motivate and educate” about 150 independent agents […]
AIG Executives Pampered at California Spa After Bankruptcy
October 8th, 2008Via: Los Angeles Times: When the going gets tough, the tough get pedicures. Just days after the federal government committed $85 billion of taxpayers’ money to a bailout of insurance giant AIG last month, senior execs from the troubled company headed to Southern California’s ultra-swanky St. Regis Resort in Monarch Beach for a week of […]
Yakuza: Organized Crime Represents The “Biggest Private Equity Firm in Japan”
October 5th, 2008I’ve said it before: The setting in Snowcrash is the best guess about where we’re headed. Maybe with hints of Syndicate Wars… Via: Times Online: Japan’s powerful yakuza organised crime syndicates are mounting a widespread assault on the country’s financial markets that may have left hundreds of listed companies riddled with mob connections. In a […]
Buckingham Palace Butler ‘Ran Paedophile Sex Ring While Working for the Royal Family’
October 2nd, 2008Via: Daily Mail: A former Buckingham Palace butler has been unmasked as a sexual predator who ran a paedophile ring while serving the Royal Family. Bachelor Paul Kidd, 55, groomed at least one of his teenage victims for sex by taking him for tea with the Queen Mother at Clarence House, it has emerged. To […]
Global Monetary Authority
September 28th, 2008Via: Financial Times: Even if the US’s massive financial rescue operation succeeds, it should be followed by something even more far-reaching – the establishment of a Global Monetary Authority to oversee markets that have become borderless. Washington recognises that the crisis has become global. Hank Paulson, Treasury secretary, has said that foreign banks operating in […]
Palin Meets with Kissinger
September 24th, 2008The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can ‘throw the rascals out’ at any election […]
Few Limits Proposed for Paulson in Aftermath of Economic 9/11
September 22nd, 2008Dems squealing flaccidly, as usual. Via: Wall Street Journal: If the Bush administration has its way, anyone harmed by the Treasury Department’s handling of the $700 billion Wall Street bailout might have no remedy. Draft legislation proposes sweeping powers for Treasury Secretary Henry Paulson to buy and sell mortgage-related securities however he sees fit. Aside […]
