Archive for September, 2008
Taxpayers Take on Trillions in Risk in Fannie, Freddie Takeover
September 9th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I don’t use fundamental analysis to trade, but I’ve been looking at the FOREX charts and I really started to wonder, “How is the dollar continuing to run higher?” I think one possible answer must be that, with the Fannie/Freddie bailout, […]
French Cabinet Revolts Over Sarkozy’s Big Brother Database
September 9th, 2008Via: Times Online: President Nicolas Sarkozy faced an embarrassing split in his Cabinet today over a computer system that a new French internal intelligence service will use to spy on the private lives of millions of law-abiding citizens. Hervé Morin, the Defence Minister, broke government ranks to side with a growing revolt against Edvige, an […]
Police Can Sometimes Recover “Deleted” Information from Mobile Phones
September 9th, 2008Chip implants? Most people willingly carry their own surveillance team around in their pockets. That’s right. If you use a mobile phone, the filth can track your position on the ground in real time AND activate the microphone, turning your mobile phone into a audio bugging device. And this is all while you’re not talking […]
Britain Training Chinese Military Officers
September 8th, 2008I should create a Blowback category. Via: Telegraph: The government has breached EU rules banning military cooperation with China by allowing a Chinese army officer to study at Sandhurst. Officer Cadet Liu Liu, who graduated from the Royal Military Academy last month, has spent the past year training alongside British army cadets. A second Chinese […]
London Stock Exchange Trading Derailed by Computer Crash
September 8th, 2008This is… very interesting. Not in a good way. Via: Telegraph: Trading on the London Stock Exchange has been halted after a computer system failed on one of the most frantic days of trading so far this year. In an embarrassment for the LSE, the exchange said that no orders can be entered or executions […]
Yes, The U.S. Did Kill 92 Afghan Civilians, 60 of Which Were Children
September 8th, 2008Via: Times Online: As the doctor walks between rows of bodies, people lift funeral shrouds to reveal the faces of children and babies, some with severe head injuries. Women are heard wailing in the background. “Oh God, this is just a child,” shouts one villager. Another cries: “My mother, my mother.” The grainy video eight-minute […]
“The Free Market”
September 8th, 2008Via: IHT: Despite decades of free-market rhetoric from Republican and Democratic lawmakers, Washington has a long history of providing financial help to the private sector when the economic or political risk of a corporate collapse appeared too high. The effort to save Fannie Mae and Freddie Mac is only the latest in a series of […]
Open Thread: Financial Situation Following Fannie and Freddie Takeovers
September 8th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument.
U.S. SEIZES FANNIE MAE AND FREDDIE MAC
September 8th, 2008We’ve seen this coming for weeks. Here it is. Forget references to billions of dollars. This is a multi trillion dollar swindle, and all U.S. taxpayers are going to be walking funny as a result. This represents a crime of such gigantic proportions that many people won’t even be able to fathom what has happened. […]
The 65 MPG Ford the U.S. Can’t Have
September 7th, 2008Via: Business Week: If ever there was a car made for the times, this would seem to be it: a sporty subcompact that seats five, offers a navigation system, and gets a whopping 65 miles to the gallon. Oh yes, and the car is made by Ford Motor, known widely for lumbering gas hogs. Ford’s […]
