Archive for July, 2008
8,500 U.S. Banks; Many Will Die Soon
July 21st, 2008Via: DailyKos / Stranded Wind How bad is this going to get? Bear Stearns got bailed out ‘cause they were highly visible (read: failure would have exposed aforementioned funny money to the average Joe), Freddie Mac and Fannie Mae are Government Sponsored Entities who now have their sickly balance sheets backstopped by the U.S. Treasury […]
Stolen Semtex and Detonators Left Unguarded
July 21st, 2008The Semtex and the detonators were A) kept together and B) left unguarded. That’s an interesting Coincidence. Via: BBC: A depot in France from which a large quantity of powerful explosive went missing was poorly guarded, the regional head of security has said. The storage of 28kg (61lb) of Semtex at the site near Lyon […]
Israeli Army Blindfolds, Handcuffs Palestinian Man, Stands Him Up and Shoots Him in the Leg with a Rubber Bullet at Point Blank Range
July 21st, 2008Via: Youtube:
China’s Expansion Into Africa
July 20th, 2008I wasn’t aware of the extent of China’s interest in Africa. I thought it was much more piecemeal. Their grand strategy makes perfect sense, given the dire problems China is facing. There are some howlers in this article, though, such as, “Despite Britain’s commendable colonial legacy of a network of roads, railways and schools, the […]
Maryland Police Infiltrated Activist Groups, Turned Over Information to Feds, Listed Citizens in Database as Committing Anti-War and Anti-Government Terrorism
July 20th, 2008Most of what is commonly referred to as “political activism” is viewed by the corporate state’s counterinsurgency apparatus as a useful and necessary component of political control. Political activism amounts to an utterly useless waste of time, in terms of tangible power, which is all the American Corporate State understands. Political activism is a cruel […]
It’s Unanimous: Banks Have Bottomed! (Not)
July 20th, 2008Via: The Big Picture: Very strange confluence of media coverage this morning on the banking sector. All three major financial papers (WSJ, NYT, Barron’s) have stories on the bottom of the banking sector: WSJ: Jitters Ease as Citi, Rivals Show Signs of Bottoming Out NYT: Hope, and Hints, That Financial Stocks Have Finally Touched Bottom […]
Concern Mounts About FDIC Deposit Fund; Roubini Says, “They’re Going to Run Out of Money, with Certainty”
July 20th, 2008Via: RTT News: The FDIC is looking for ways to shore up its depleted deposit fund, including charging higher premiums on riskier brokered deposits, FDIC Chairman Sheila Bair said Friday. However, that fund is “a myth,” according to longtime banking consultant Bert Ely, and consumers may end up paying the price of what is expected […]
Fannie, Freddie Spent Millions on Lobbying
July 20th, 2008Via: AP: For years, mortgage giants Fannie Mae and Freddie Mac tenaciously worked to nurture, and then protect, their financial empires by invoking the political sacred cow of homeownership and fielding an army of lobbyists, power brokers and political contributors. New attention is being focused on the bruised mortgage companies as the Bush administration presses […]
Why Are Tens of Thousands of Plastic “Burial Vaults” Stacked in a Field Near Madison, Georgia?
July 20th, 2008I have no idea what to make of this one. All of the sites I was able to find that reference this stockpile assume that it has something to do with an upcoming American holocaust and martial law, etc. Again, I have no idea. Let’s try to work trough this one a bit… First of […]
Hardware Failure
July 20th, 2008The server that hosts Cryptogon experienced a hardware failure last night. Cryptogon was down for several hours while BlueHost restored user accounts from backup. Everything seems to be functioning normally again. I’ll update later today.
