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Date Sent: 2008-09-26
Freedom's Phoenix Headline News for Friday, September 26, 2008
 
Talks Implode During Day of Chaos; Fate of Bailout Plan Remains Unresolved

Boston Tea Party Presidential Candidate is Write-In in AZ -- New Billions in Earmarks Approach Enactment -- Detroit Police Lab Is Closed After Audit Finds Serious Errors in Many Cases -- Prosecutor Says Senator Knowingly Hid Gifts -- Top Officials Knew in 2002 of Harsh Interrogations -- Israel asked US for green light to bomb nuclear sites in Iran -- Far-Reaching U.S. Plan Impaired N. Korea Deal -- WaMu is largest U.S. bank failure -- WaMu is seized by the feds and JPMorgan buys the deposits -- Jim Rogers: Paulson is bailing out his Wall Street friends -- Asia needs "Bailout" to prevent panic selling of U.S. debt -- Purpose of the Basel II Accord -- U.S., Pakistan exchange shots at volatile border -- Was the goal of the "Ownership Society" about destroying the Middle Class -- Bills in Congress Would Turn Ebay, Websites into E-Snitches -- Good video on brutalized RNC protesters -- Why Suspend the Debate? - by Tyger -- George Bush is Finishing what FDR Started (a plan from the start?) -- Obama Touts $845 Billion Global Poverty Bill Funded by US Taxpayers During Financial Crisis -- Lobbyists in "Feeding Frenzy" for Bail Out Bucks -- FED removes $125 billion in past 4 days to amplify credit crisis!!! -- McCain Supports Financial Market Bailout - Obama Next? Note: An earlier Bonus issue of Freedom's Phoenix was issued earlier in the day
 

Boston Tea Party Presidential Candidate is Write-In in AZ Feature Article  •  Eugenics
Boston Tea Party Presidential Candidate is Write-In in AZ
Powell Gammill
   Charles Jay and Barry Hess will be write-in candidates for President and Vice President of the United States respectively in the upcoming election in Arizona. There are alternatives to not voting for the RoLD... in some states.
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Talks Implode During Day of Chaos; Fate of Bailout Plan Remains Unresolved News Link  •  Economy - Economics USA
Talks Implode During Day of Chaos; Fate of Bailout Plan Remains Unresolved
9-26-2008  •  NY Times 
“If money isn’t loosened up, this sucker could go down,” President Bush declared Thursday as he watched the $700 billion bailout package fall apart before his eyes, according to one person in the room. It was an implosion that spilled out from beh  Read Full Story
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Reported by: Powell Gammill
New Billions in Earmarks Approach Enactment News Link  •  Economy - Economics USA
New Billions in Earmarks Approach Enactment
9-26-2008  •  NY Times 
As Congress tried to cobble together a plan to spend huge sums on a financial bailout, lawmakers also moved to final approval of an omnibus spending bill with more than 2,300 pet projects, including a $2 million study of animal hibernation.  Read Full Story
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Reported by: Powell Gammill
Detroit Police Lab Is Closed After Audit Finds Serious Errors in Many Cases News Link  •  Law Enforcers or Peace Officers
Detroit Police Lab Is Closed After Audit Finds Serious Errors in Many Cases
9-26-2008  •  NY Times 
The Police Department here shut down its crime laboratory after an audit uncovered serious errors in numerous cases. The audit said sloppy work had probably resulted in wrongful convictions, and officials expect a wave of appeals in cases that the la  Read Full Story
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Reported by: Powell Gammill
Prosecutor Says Senator Knowingly Hid Gifts News Link  •  Legislative Mischief
Prosecutor Says Senator Knowingly Hid Gifts
9-26-2008  •  NY Times 
A Justice Department prosecutor told a jury Thursday that Ted Stevens, who has represented Alaska in the Senate for 40 years, engaged in “a scheme to conceal from the public” a variety of gifts and home renovation services he received.  Read Full Story
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Reported by: Powell Gammill
Pushing someone off a cliff to keep them from jumping News Link  •  Law Enforcers or Peace Officers
Pushing someone off a cliff to keep them from jumping
9-26-2008  •  NY Times 
The firing of a Taser stun gun that led an emotionally disturbed man to fall from a Brooklyn building ledge to his death on Wednesday appeared to have violated departmental guidelines, the police said on Thursday.  Read Full Story
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Reported by: Powell Gammill
Top Officials Knew in 2002 of Harsh Interrogations News Link  •  Central Intelligence Agency
Top Officials Knew in 2002 of Harsh Interrogations
9-26-2008  •  Washington Post 
Top White House officials were told in early 2002 about harsh measures used by the CIA to extract information from suspected al-Qaeda terrorists in the agency's secret prisons, according to an account given to congressional investigators by the o  Read Full Story
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Reported by: Powell Gammill
Israel asked US for green light to bomb nuclear sites in Iran News Link  •  Iran
Israel asked US for green light to bomb nuclear sites in Iran
9-26-2008  •  The Guardian 
Israel gave serious thought this spring to launching a military strike on Iran's nuclear sites but was told by President Bush that he would not support it and did not expect to revise that view for the rest of his presidency  Read Full Story
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Reported by: Powell Gammill
Far-Reaching U.S. Plan Impaired N. Korea Deal News Link  •  Foreign Policy
Far-Reaching U.S. Plan Impaired N. Korea Deal
9-26-2008  •  Washington Post 
The unraveling of the landmark deal to end North Korea's nuclear weapons programs began just weeks after its high point when U.S. negotiators presented Pyongyang with a sweeping plan for verifying its claims about its nuclear programs.  Read Full Story
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Reported by: Powell Gammill
Pakistani and American Troops Exchange Fire News Link  •  WAR: About that War
Pakistani and American Troops Exchange Fire
9-26-2008  •  NY Times 
Pakistani and American ground troops exchanged fire along the border with Afghanistan on Thursday, a top American military official said, ratcheting up tensions as the United States increases its attacks against militants in Pakistan’s restive tribal  Read Full Story
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Reported by: Powell Gammill
WaMu is largest U.S. bank failure News Link  •  Economy - Economics USA
WaMu is largest U.S. bank failure
9-25-2008  •  Reuters 
Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank [and they didn't wait until Friday], and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion. [Pressuring CONgress?]  Read Full Story
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Reported by: Powell Gammill
WaMu is seized by the feds and JPMorgan buys the deposits News Link  •  Federal Reserve
WaMu is seized by the feds and JPMorgan buys the deposits
9-25-08  •  Bloomberg.com 
``JPMorgan is getting a steal compared with what they were going to pay,'' said Scott Adams, a pension and investment analyst. ``It's very tragic.''  Read Full Story
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Reported by:
It's a Fiat-Money Life News Link  •  Economy - Economics USA
It's a Fiat-Money Life
09-25-2008  •  Youtube 
"No, you're thinking of this place all wrong, as if I have the money back in the safe!  Read Full Story
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Reported by: Camera FRAUD
News Link  •  Economy - Economics USA
Jim Rogers: Paulson is bailing out his Wall Street friends
09/25/2008  •  Daily Newscaster 
Commodities investor Jim Rogers blasts the Paulson bailout plan saying, "It lunacy, its absurd it will bail out some of Paulson's friends on Wall Street, it is welfare for the rich"  Read Full Story
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Reported by: D. H. Williams
Asia needs News Link  •  Economy - International
Asia needs "Bailout" to prevent panic selling of U.S. debt
9-25-08  •  Bloomberg.com 
Japan, China and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse, said Yu Yongding, a former adviser to the Chinese central bank.  Read Full Story
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Reported by:
Fed Bailout - Best Case Scenario Video News Link  •  Economy - Economics USA
Fed Bailout - Best Case Scenario Video
9-25-2008  •  YouTube / vfdcapn 
Keep in mind while watching this video that this is the best case all these articulating craniums in Washington can hope for. Best case.  Read Full Story
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Reported by: Brock Lorber
U.S., Pakistan exchange shots at volatile border News Link  •  Foreign Policy
U.S., Pakistan exchange shots at volatile border
09-25-2008  •  CNN 
ISLAMABAD, Pakistan (CNN) -- U.S. and Pakistani troops exchanged fire Thursday along the Pakistani-Afghan border minutes after the Pakistani military fired shots at two American helicopters that were providing cover for the troops  Read Full Story
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Reported by: Ernest Hancock
Deal Or No Deal? News Link  •  Economy - Economics USA
Deal Or No Deal?
09-25-2008  •  Forbes 
Sen. Richard Shelby, R-Ala., the ranking Republican on the Senate Banking Committee, poked his head out of a meeting at the White House to tell cameras, "I don't believe we have an agreement."  Read Full Story
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Reported by: Ernest Hancock
Presidential Debate Planners Move Forward News Link  •  Eugenics
Presidential Debate Planners Move Forward
09-25-2008  •  Washington Post 
McCain proposed Wednesday that the debate be postponed until a deal is struck in Washington on a financial bailout plan. Sen. Barack Obama rejected the idea, saying the crisis made the debate more useful and timely.  Read Full Story
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Reported by: Ernest Hancock
Not So Fast on the Deal, House GOP Says Make Wall Street Pay News Link  •  Politics: Republican Campaigns
Not So Fast on the Deal, House GOP Says Make Wall Street Pay
09-25-2008  •  usnews.com 
Swamped with your phone calls, House Republicans, have come up with another idea: Instead of just buying the worthless mortgages, make the banks buy insurance from Washington, which would pay on those that default.  Read Full Story
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Reported by: Ernest Hancock
House Republicans Still Not On Board News Link  •  Economy - Economics USA
House Republicans Still Not On Board
09-25-2008  •  blogs.abcnews.com 
A spokesman for House Minority Leader John Boehner, R-Ohio, cautions that House Republicans have not signed on to anything.  Read Full Story
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Reported by: Ernest Hancock
Basel II Accord - The purpose of Basel II News Link  •  Economy - Economics USA
Basel II Accord - The purpose of Basel II
09-25-2008  •  Wikipedia 
which was initially published in June 2004, is to create an international standard that banking regulators can use when creating regulations about how much capital banks need to put aside to guard against the types of financial and operational risks  Read Full Story
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Reported by: Ernest Hancock
Was the goal of the News Link  •  Bush Administration
Was the goal of the "Ownership Society" about destroying the Middle Class
9-25-08  •  Youtube.com 
This video shows President Bush introducing the Ownership Society on May 17, 2002 in front of an adoring crowd. Watch it with an open mind, and remember that a few of us saw the housing market headed for a terrible fall.  Read Full Story
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Snitches: Bills in Congress Would Turn Ebay, Websites into E-Snitches News Link  •  Legislative Mischief
Snitches: Bills in Congress Would Turn Ebay, Websites into E-Snitches
09-25-2008  •  Mondo 
Three bills in Congress would turn Ebay--and a lot of other websites--into snitches for the government. It would require websites to conduct their own investigations into their customers. All three bills are sponsored by Democrats, who want to "  Read Full Story
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Reported by: Randy Ricochet
Why Suspend the Debate? Letters to the Editor   •  More about Eugenics
Why Suspend the Debate?
Written by: Tyger
   I suggest that the Presidential Debate should not be suspended as has been planned. Instead, continue to have the debate even if McCain says he won't be there. Assuming that Obama shows up, the debate will be pretty much one-sided when each que
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George Bush is Finishing what FDR Started (a plan from the start?) Feature Article  •  Economy - Economics USA
George Bush is Finishing what FDR Started (a plan from the start?)
Ernest Hancock
   Most of USC Title 50, the encodation of War and Emergency Powers, is also based on the authority of the government as authorized by the Act of 1917, section 5b, as amended, March, 1933. (We are very very very Screwed)
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WaMu is Diving and Tomorrow is Bank Failure Friday News Link  •  Federal Reserve
WaMu is Diving and Tomorrow is Bank Failure Friday
9-25-08  •  CalculatedRisk.blogspot.com 
Bank Failure Friday might be interesting tomorrow. With $310 billion in assets (hat tip Nemo), WaMu would be the biggest bank failure in history - in fact it would be larger than the previous top ten added together  Read Full Story
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Obama Touts $845 Billion Global Poverty Bill Funded by US Taxpayers During Financial Crisis News Link  •  Eugenics
Obama Touts $845 Billion Global Poverty Bill Funded by US Taxpayers During Financial Crisis
09-25-2008  •  Ginn 
Senator McCain has suspended his campaign to return to Washington to work on solving the financial crisis. Meanwhile Obama touts his $845 billion Global Poverty Act in Florida which would cost every US man, woman and child nearly $2500 each.  Read Full Story
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Reported by: Randy Ricochet
Lobbyists in News Link  •  Federal Reserve
Lobbyists in "Feeding Frenzy" for Bail Out Bucks
9-25-08  •  USA Today.com 
The financial services industry, which has spent billions on lobbying and campaign contributions over the last decade, is scrambling to make its case for a proposed $700 billion bailout plan amid deep public skepticism.  Read Full Story
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McCain Supports Financial Market Bailout - Obama Next? News Link  •  Eugenics
McCain Supports Financial Market Bailout - Obama Next?
9-25-08  •  CBSnews.com 
"Further inaction is simply not an option," McCain said in brief remarks to reporters, his first news conference in more than a month. "We must pass legislation to address this crisis. If we do not, credit will dry up, with devastating  Read Full Story
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Who Can We Short? News Link  •  Economy - Economics USA
Who Can We Short?
09-25-2008  •  clusterstock.com 
Why would a firm remove itself from the list? Len Goldberg, the CEO of Greenlight Capital, told us it wasn't a tough decision. "It's prety simple really. We believe our shareholders are better off by having the market determine our stock  Read Full Story
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Reported by: Ernest Hancock
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