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Date Sent: 2008-09-30
Freedom's Phoenix Headline News for Tuesday, September 30, 2008
 
House nixes $700B bailout bill in stunning defeat -- Stocks tumble as bailout plan fails in House

Cybersecurity Expert: Plan afoot to steal election for McCain -- Bernanke pumping $630 billion into the market proved Paulson Plan bankrupt -- McCain Camp Claims Credit Over Bailout Passage -- Pentagon's new Africa command raises suspicions about US motives -- Ex-diplomat: US supplies arms to Taliban -- 1000s Protest Bailout on Wall Street -- Mises Institute Predicted Stock Market Bailout - in 1999! -- By Years End 15.4 Million Homeowners Will Have Negative Equity -- Without a Bailout Plan, What Will the Cost Be? -- Why the Bailout Bill Went Down -- Vote Description for being in favor of a Fascist America -- Roll Call of Congressional Vote for $700 Billion Bill -- NY Begins Issuing RFID-Enabled “Enhanced” Driver’s Licenses -- Pelosi: Crisis Still Exists After Bailout Defeat -- Banking crisis: the bailout will still go ahead one way or another -- National Debt $9.889 trillion and counting -- Bloomberg Analyst: $700 Billion Bailout Could Balloon to $5 Trillion -- NASA robot: it's snowing on Mars -- Economic crisis hits Europe -- Markets Cheer Billionaire Bailout -- Meredith Whitney: Taxpayers Will Be Losers in Bailout Plan -- Did House Leadership Invoke Martial Law to Force a Quick Vote on Bailout? -- Fed Pumps Further $630 Billion Into Financial System -- Four Never-Never Land Provisions in the Bailout Bill -- MISH: US Treasury to rely on China and the Middle East to finance bailout? -- Five Questions About the Bailout -- Perhaps This Rout, Too, Will Stop At The Gates of Rome: More War in Store? -- Senate Strips Self of Power to Approve or Reject Treaties With Iraq
 

In Bailout Vote, a Leadership Breakdown News Link  •  Economy - Economics USA
In Bailout Vote, a Leadership Breakdown
9-30-2008  •  NY Times 
The collapse of the proposed rescue plan for the teetering financial system was the product of a larger failure " of political leadership in Washington " at a moment when the world was looking to the United States to contain the cascading economic cr  Read Full Story
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Reported by: Powell Gammill
They Just Don't Get It<br>by Steven Pearlstein News Link  •  Economy - Economics USA
They Just Don't Get It
by Steven Pearlstein

9-30-2008  •  Washington Post 
Americans fail to understand that they are facing the real prospect of a decade of little or no economic growth because of the bursting of a credit bubble that they helped create and that now threatens to bring down the global financial system.  Read Full Story
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Reported by: Powell Gammill
For Many Americans, Fear and Distrust Run High News Link  •  Economy - Economics USA
For Many Americans, Fear and Distrust Run High
9-30-2008  •  Washington Post 
With Election Day a little more than a month away, many lawmakers appeared to pay greater heed to their constituents than to their party leaders. [oh, for shame]  Read Full Story
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Reported by: Powell Gammill
Bernanke pumping $630 billion into the market proved Paulson Plan bankrupt News Link  •  Federal Reserve
Bernanke pumping $630 billion into the market proved Paulson Plan bankrupt
9-29-08  •  market-ticker.denninger.net/ 
The Fed threw $630 billion into the market before the vote, and yet the S&P 500 was down 40 handles anyway, and in fact tanked after the vote.  Read Full Story
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Reported by:
Cybersecurity Expert: Plan afoot to steal election for McCain News Link  •  Eugenics
Cybersecurity Expert: Plan afoot to steal election for McCain
9-29-08  •  MarkCrispinMiller.blogspot.com 
Here Spoon tells us that McBush's team--i.e., Karl Rove and his henchpersons-- have their plan in place to steal this next election: by 51.2% of the popular vote, and three electoral votes.  Read Full Story
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Reported by:
Pentagon's new Africa command raises suspicions about US motives News Link  •  Military
Pentagon's new Africa command raises suspicions about US motives
9-29-2008  •  McClatchy 
The US Africa Command, the Pentagon's first effort to unite its counterterrorism, training and humanitarian operations on the continent, launches amid questions at home about its mission and deep suspicions in Africa about its intentions.  Read Full Story
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Reported by: Powell Gammill
McCain Camp Claims Credit Over Bailout Passage News Link  •  Eugenics
McCain Camp Claims Credit Over Bailout Passage
9-29-2008  •  AFP 
Mitt Romney, McCain's erstwhile rival for the Republican nomination, said the deal on a Wall Street bailout worth up to 700 billion dollars would never have happened without the Arizona senator. [oh, this is good stuff]  Read Full Story
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Reported by: Brock Lorber
1000s Protest Bailout on Wall Street News Link  •  Economy - Economics USA
1000s Protest Bailout on Wall Street
09-25-2008  •  Youtube 
Funny, I don't remember hearing about this on the LameStream Media?  Read Full Story
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Reported by: Trouser Chili
A Damn Good Day Opinion  •  Economy - Economics USA
A Damn Good Day
9-29-2008
Brock Lorber
   There's good reason to be euphoric - and wary - about the success in turning back the Billionaire Bailout. A bright, shining day...
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Mises Institute Predicted Stock Market Bailout - in 1999! News Link  •  Federal Reserve
Mises Institute Predicted Stock Market Bailout - in 1999!
09/29/2008  •  Mises Institute 
There is an additional danger associated with government intervention in the stock market. Once the feds become actual and potential holders of stock, they will exercise inordinate control over the companies themselves. As owners, they can influence  Read Full Story
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Reported by: Camera FRAUD
Without a Bailout Plan, What Will the Cost Be? News Link  •  Economy - Economics USA
Without a Bailout Plan, What Will the Cost Be?
9-29-2008  •  Time magazine 
Taxpayers are already on the hook for the failures of financial institutions, and it's possible that the bill will actually be larger without bailout legislation than with it. That's because the regulators who mind the financial industry - th  Read Full Story
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Reported by: Powell Gammill
By Years End 15.4 Million Homeowners Will Have Negative Equity News Link  •  Economy - Economics USA
By Years End 15.4 Million Homeowners Will Have Negative Equity
9-29-08  •  CalculatedRisk.blogspot.com 
Not every homeowner with negative equity will default, in fact many of these homeowners will only be underwater by a few percent. But if we estimate one half of homeowners with negative equity will eventually default...  Read Full Story
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Reported by:
Why the Bailout Bill Went Down News Link  •  Economy - Economics USA
Why the Bailout Bill Went Down
09-29-2008  •  Christian Science Monitor 
Despite opinion polls showing that the public was warming to the idea of a rescue plan " and efforts by congressional leaders on both sides of the aisle to round up support " the measure failed (do you feel like you are being set up?)  Read Full Story
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Reported by: Ernest Hancock
History of the United States National Debt Reference Link  •  Economy - Economics USA
History of the United States National Debt
By Steve McGourty 
   History of the United States National Debt: An Analysis of the Presidents Who Are Responsible for the Borrowing - By Steve McGourty
Entered by: Powell Gammill
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New York Begins Issuing RFID-Enabled “Enhanced” Driver’s Licenses News Link  •  Police State
New York Begins Issuing RFID-Enabled “Enhanced” Driver’s Licenses
09-29-2008  •  Papers Please 
New York state has begun issuing so-called “enhanced” driver’s licenses (or EDLs). These licenses contain RFID tags & include citizenship status on their face. They are issued under DHS’s “Western Hemisphere Travel Initiative” & will be used as alter  Read Full Story
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Reported by: Terry Bressi
Vote Description for being in favor of a Fascist America News Link  •  Corruption
Vote Description for being in favor of a Fascist America
09-29-2008  •  Washington Post 
H R 3997 Vote description: To Amend the Internal Revenue Code of 1986 to Provide Earnings Assistance and Tax Relief to Members of the Uniformed Services, Volunteer Firefighters, and Peace Corps Volunteers, and for Other Purposes (What?)  Read Full Story
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Reported by: Ernest Hancock
Roll Call of Congressional Vote for $700 Billion Bill News Link  •  Corruption
Roll Call of Congressional Vote for $700 Billion Bill
09-29-2008  •  New York Times 
(Click on the small colored boxes to see how your individual congressman voted - Arizona congressmen are holding out for a much larger severance package Read Full Story
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Reported by: Ernest Hancock
Who Really Wants to Be President? News Link  •  Eugenics
Who Really Wants to Be President?
09-29-2008  •  Karen Kwiatkowski for LewRockwell.com 
At the first presidential debate, the candidates of the Left-Right Party Ra’ed the bailout, Ra’ed the war, and Boom-di-A’ed the Warfare-Welfare State of America.  Read Full Story
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Reported by: Ernest Hancock
National Debt: The Race to Ten Trillion - $9.889 trillion and counting News Link  •  Federal Reserve
National Debt: The Race to Ten Trillion - $9.889 trillion and counting
9-29-08  •  Calculatedrisk.blogspot.com 
National Debt has increased a stunning $895 billion over the last 12 months (from Sept 26, 2007 to Sept 26, 2008). Shocking.  Read Full Story
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Reported by:
Pelosi: Crisis Still Exists After Bailout Defeat News Link  •  Economy - Economics USA
Pelosi: Crisis Still Exists After Bailout Defeat
09-29-2008  •  AP - YouTube 
"The legislation may have failed; the crisis is still with us," said House Speaker Nancy Pelosi, D-Calif., in a news conference after the defeat of the $700 billion bailout plan.  Read Full Story
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Reported by: Ernest Hancock
NASA robot sends back evidence it's snowing on Mars News Link  •  Space Travel and Exploration
NASA robot sends back evidence it's snowing on Mars
09-29-2008  •  computerworld.com 
Forget trying to find evidence that there used to be water on Mars. Scientists from NASA said today that its instruments on the Red Planet have detected falling snow  Read Full Story
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Reported by: Ernest Hancock
House nixes $700B bailout bill in stunning defeat News Link  •  Economy - Economics USA
House nixes $700B bailout bill in stunning defeat
9-29-2008  •  AP 
In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, leaving both parties and the Bush administration struggling to pick up  Read Full Story
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Reported by: Powell Gammill
Banking crisis: the bailout will still go ahead one way or another News Link  •  Economy - Economics USA
Banking crisis: the bailout will still go ahead one way or another
9-30-2008  •  London Times 
The package will surely pass in the next few days, since the alternative would be the failure of every leading bank in America, the inability of the US Government to honor its guarantees and the bankruptcy of many large US corporations,  Read Full Story
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Reported by: Powell Gammill
Economic crisis hits Europe News Link  •  Economy - International
Economic crisis hits Europe
9-29-2008  •  Reuters 
As investors around the world hung on every twist and turn in Washington, Belgian-Dutch group Fortis was nationalized and British mortgage lender Bradford & Bingley faced the same fate. [You didn't think the robbery was only in America, did you?]  Read Full Story
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Reported by: Powell Gammill
Bloomberg Analyst: $700 Billion Bailout Could Balloon to $5 Trillion News Link  •  Economy - Economics USA
Bloomberg Analyst: $700 Billion Bailout Could Balloon to $5 Trillion
9-29-2008  •  BreitBartTV video 
"$700 billion is a drop in the bucket" [Isn't this what Ernie has been saying?"]  Read Full Story
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Reported by: Powell Gammill
 Stocks tumble as bailout plan fails in House News Link  •  Economy - Economics USA
Stocks tumble as bailout plan fails in House
9-29-2008  •  AP 
Fear swept across the financial markets Monday, sending the Dow Jones industrials down as much as 705 points, after the government's financial bailout package failed the House. [Who will betray us and switch their vote?]  Read Full Story
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Reported by: Powell Gammill
Markets Cheer Billionaire Bailout Bomb! Feature Article  •  Economy - Economics USA
Markets Cheer Billionaire Bailout Bomb!
Brock Lorber
   Do you feel that? For a brief moment in time you can actually feel value going in to your wallet!
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Did House Leadership Invoke Martial Law to Force a Quick Vote on Bailout? News Link  •  Constitution
Did House Leadership Invoke Martial Law to Force a Quick Vote on Bailout?
9-28-08  •  cbpp.org 
The Leadership apparently intends to use a process known as “martial law” to allow these bills to be brought to the floor very shortly after negotiations are completed, with the result that Members of the House are likely to have virtually no time to  Read Full Story
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Reported by:
Meredith Whitney: Taxpayers Will Be Losers in Bailout Plan News Link  •  Federal Reserve
Meredith Whitney: Taxpayers Will Be Losers in Bailout Plan
9-29-08  •  cnbc.com/id/ 
"I think you definitely lose money on this $700 billion structure," Whitney said. "There's no idea where house prices bottom, and as a result how can you make money on this transaction?"   Read Full Story
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Reported by:
Four Never-Never Land Provisions in the Bailout Bill News Link  •  Federal Reserve
Four Never-Never Land Provisions in the Bailout Bill
9-29-08  •  Firedoglake.com 
A security is not worth what someone will pay for it, but what a mathematical model says it will be worth if held to maturity based on assumptions chosen by the banks. This is mark to make-believe.  Read Full Story
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Reported by:
Five Questions About the Bailout News Link  •  Economy - Economics USA
Five Questions About the Bailout
9-29-2008  •  City Journal 
There’s no time to hold hearings on the proposed $700-billion bailout, but surely they’ve all got an hour or two to answer a few questions. Here are six, in fact, each easily answerable in 10 minutes or less.  Read Full Story
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Reported by: Brock Lorber
News Link  •  Bush Administration
"Goodbye Bush Co." teaming Jane Jensen & PuppetGOV
9-29-2008  •  PuppetGOV 
Steal Our Videos and Help Wake Others! [ janejensen.net Read Full Story
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Reported by: Powell Gammill
After the placing of one article on CAFR1, an attack began on CAFR1 News Link  •  CAFRs - Your Government's Wealth Shown
After the placing of one article on CAFR1, an attack began on CAFR1
09-29-2008  •  Clay Douglas 
For the first time the CAFR1 site through its ISP server crashed. The tech-team of the ISP could not figure out why this happened. As of this writing the ISP still has not brought up the complete functionality. What CAFR1 article in most probability  Read Full Story
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Reported by: Clay Douglas
Fed Pumps Further $630 Billion Into Financial System News Link  •  Federal Reserve
Fed Pumps Further $630 Billion Into Financial System
9-29-08  •  Bloomberg.com 
The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.  Read Full Story
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Reported by:
Perhaps This Rout, Too, Will Stop At The Gates of Rome: More War in Store? News Link  •  Federal Reserve
Perhaps This Rout, Too, Will Stop At The Gates of Rome: More War in Store?
9-29-08  •  AfterDowningStreet.org 
After Hannibal had crossed the Alps and beaten the Roman army twice, the alarmed Roman Senate spent the nation's treasure and sent eight legions against the invader. Up to then, Rome had rarely thrown more than two legions into battle. But when t  Read Full Story
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U.S. Treasury to rely on China and the Middle East to finance bailout? News Link  •  Federal Reserve
U.S. Treasury to rely on China and the Middle East to finance bailout?
9-29-08  •  Michael Shedlock / Mish 
The global financial system the U.S. designed had anticipated that American banks and financial firms would be the world's financial lifeguards; now those institutions are like exhausted swimmers a stroke or two away from drowning.  Read Full Story
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Senate Strips Self of Power to Approve or Reject Treaties With Iraq News Link  •  Bush Administration
Senate Strips Self of Power to Approve or Reject Treaties With Iraq
9-29-08  •  cqpolitics.com 
The bill would require the administration to bring to Congress for review " but not approval " any agreement it reaches with Iraq on the future of U.S. forces there.  Read Full Story
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Reported by:
The End of the American Empire, Unless......... Opinion  •  Economy - International
The End of the American Empire, Unless.........
09-29-2008
Dave Hodges
   As you awake and "poor" your first cup of coffee, I have one simple question for the American people. “HAVE YOU LOST YOUR COLLECTIVE MINDS?”
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Obama Vows To Stop America's Shitty Jobs From Going Overseas Feature Article  •  Revolutions, Rebellions & Uprisings
Obama Vows To Stop America's Shitty Jobs From Going Overseas
Forty Four O Nine
   In an appeal to working class voters, Barack Obama claimed his economic plan would save millions of backbreaking, mind-numbing shitty jobs.
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Grand Theft America Feature Article  •  Corruption
Grand Theft America
Stephen Lendman
   Washington's complicity in the crime of the century.
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