Archive for February, 2009
GM UNIT SAAB BANKRUPT
February 20th, 2009HA! Socialist Sweden isn’t as socialist as the U.S. when it comes to corporate bailouts. Via: AP: General Motors Corp.’s Swedish-based subsidiary Saab went into bankruptcy protection Friday so the unit can be spun off or sold by its struggling U.S. parent, officials said. The move comes after Sweden turned down GM’s request for government […]
Gold Through Resistance Above $988 Intraday
February 20th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Ok, if $988 holds, $1032 is the next big hurdle.
Newly Poor Swell Lines at Food Banks Nationwide
February 20th, 2009Via: New York Times: Once a crutch for the most needy, food pantries have responded to the deepening recession by opening their doors to what Rosemary Gilmartin, who runs the Interfaith Food Pantry here, described as “the next layer of people” — a rapidly expanding roster of child-care workers, nurse’s aides, real estate agents and […]
Obama Picks Bilderberger for Health Secretary
February 20th, 2009Change. Via: Infowars: Obama has picked a Bilderberger to be his choice for health secretary — Kansas Governor Kathleen Sebelius. Obama initially picked former Senate Democrat leader Tom Daschle for the position, but Daschle “withdrew because of personal tax issues,” in other words he didn’t bother to pay any taxes because minions of the elite […]
Cousin of 9/11 “Hijacker” Worked for Mossad Since 1983
February 20th, 2009Via: New York Times: For 25 years, Ali al-Jarrah managed to live on both sides of the bitterest divide running through this region. To friends and neighbors, he was an earnest supporter of the Palestinian cause, an affable, white-haired family man who worked as an administrator at a nearby school. To Israel, he appears to […]
China Calls on Russia to Explain Cargo Ship Sinking
February 20th, 2009Via: Reuters: China called on Russia on Thursday to explain how a Chinese cargo ship sank in Russian waters after reports it was fired on by the Russian military. Seven Chinese sailors were missing after the “New Star” sank on Saturday in stormy seas off Vladivostok and after a Russian warship shot at least 500 […]
FBI Finds Allen Stanford in Virginia
February 20th, 2009Not Langley, Virginia. The FBI didn’t arrest him. Via: Reuters: Texas billionaire Allen Stanford, accused of an $8 billion fraud that spooked investors around the world, was found in Virginia on Thursday and FBI agents served him with a complaint from U.S. regulators. FBI spokesman Richard Kolko said the Federal Bureau of Investigation had acted […]
How Much of the Federal Debt Is Financed with Drug Money?
February 20th, 2009Via: Clusterstock: Allen Stanford forfeited $3 million in drug money back in 1999, and it’s a sure thing that within his multi-billion empire he had many more drug dollars under his care. This is true not just of Stanford, but of the whole Caribbean offshore banking complex, as drug dealers are obviously interested in the […]
UK: Serious Fraud Office Looking at Stanford Link
February 19th, 2009Via: Reuters: The Serious Fraud Office is monitoring a possible link from the scandal surrounding Texas billionaire Allen Stanford after media reports that his firm was audited from the United Kingdom. Antigua-based accounting firm C.A.S. Hewlett, which the Evening Standard reported had audited Stanford’s books, moved its operations to London after its founder Charlesworth ‘Shelley’ […]
FDIC Having to Pay More to Make Financial Sausage
February 19th, 2009Does discount mean loss? Via: Bloomberg: U.S. regulators are being forced to sell the assets of failed banks at a discount to lure buyers spooked by the likelihood of increased loan losses amid a deepening recession. The assets of four banks have been sold to healthier rivals at a combined discount of $107 million this […]
