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Date Sent: 2008-11-14
Freedom's Phoenix Headline News for Friday, November 14, 2008
 
FDIC Details Plan To Alter Mortgages -- Stocks stage huge rebound; Dow jumps 553 points

Aid to Fannie, Freddie May Top Expectations -- MISH: Alarm Bells Ring In Russia Over Ruble, Falling Oil Prices -- Banks Say Plan to Guarantee Their Debt is Flawed, Ask For a Better Deal -- Federal Government: October budget deficit hits record of $237.2 Billion -- Chicago Prepares For Mass Layoffs -- Nouriel Roubini: The Worst Is Not Behind Us -- Whistleblower asked to reveal illegal FBI acts -- Federal Regulators nix credit card debt forgiveness plan for average families -- Interview - Naomi Wolf - Give Me Liberty -- Independent Oversight Posts for Banker Bailout Billions Left Empty -- U.S. Jobless Claims Reach Seven-Year High of 516,000 -- Restoring the Libertarian Brand Name
 

FDIC Details Plan To Alter Mortgages News Link  •  Economy - Economics USA
FDIC Details Plan To Alter Mortgages
11-14-2008  •  Washington Post 
Officials at the Federal Deposit Insurance Corp. yesterday detailed a plan to prevent 1.5 million foreclosures in the next year by offering financial incentives to companies that agree to sharply reduce monthly payments on mortgage loans.  Read Full Story
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Reported by: Powell Gammill
Aid to Fannie, Freddie May Top Expectations News Link  •  Economy - Economics USA
Aid to Fannie, Freddie May Top Expectations
11-14-2008  •  Washington Post 
The first of the Bush administration's major financial takeovers, the seizure of Fannie Mae and Freddie Mac, is poised to get more expensive and some analysts are warning it may ultimately cost more than the government has suggested.  Read Full Story
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Reported by: Powell Gammill
Stocks stage huge rebound; Dow jumps 553 points News Link  •  Economy - Economics USA
Stocks stage huge rebound; Dow jumps 553 points
11-13-2008  •  Associated Press 
Investors did an abrupt turnaround on Wall Street Thursday, muscling the Dow Jones industrial average up more than 550 points after driving it down near its lows for the year on a stream of negative economic and corporate news.  Read Full Story
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Reported by: Ernest Hancock
Long term food storage reference (email from a friend)...Hopefully you are all getting prepared Feature Article  •  Food Recipes - Long Term Storage Foods
Long term food storage reference (email from a friend)...Hopefully you are all getting prepared
Donna Hancock
   Shelf life data gives specific foods and average shelf life assuming optimum storage conditions. Foods kept at lower temperatures extend their shelf life.
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Cindy McCain Affair: Whispers, Innuendo, and Grainy Photos News Link  •  MEDIA (MainStreamMedia - aka MSM)
Cindy McCain Affair: Whispers, Innuendo, and Grainy Photos
11-13-2008  •  Ginn 
The National Enquirer, who exposed John Edwards’ affair with his mistress, Rielle Hunter, claims it has proof that Cindy McCain has had an ongoing affair for “years”. Yet is Cindy McCain’s story “off-limits” to the MSM now that McCain is now longer r  Read Full Story
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Reported by: Randy Ricochet
Duck Tales Inflation Lesson News Link  •  Federal Reserve
Duck Tales Inflation Lesson
11/13/08  •  YouTube.com 
An episode of Duck Tales dealing with the negative consequences of inflation. Tells you everything you need to know in 4 minutes. Show this to your friends and invite them to End the Fed, November 22!!  Read Full Story
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Reported by: Mike Shipley
Naked Protests: in the Eye of the Beholder News Link  •  Activism
Naked Protests: in the Eye of the Beholder
11-13-2008  •  Ginn 
Charges against a Portland, Oregon man for indecent exposure were dropped after a judge ruled his “naked” bike ride was a “freedom of expression. DBKP takes a look a naked protests, both here and abroad, and asks: are naked protests in the “eye of th  Read Full Story
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Reported by: Randy Ricochet
John Edwards Scandal: Edwards Begins Political Comeback Attempt News Link  •  Eugenics
John Edwards Scandal: Edwards Begins Political Comeback Attempt
11-13-2008  •  Mondo 
John Edwards made two appearances this week for the first time since his August 8 confession of an affair with mistress, Rielle Hunter. Edwards' attempt to resurrect his political career began with a couple of behind-closed-doors speeches. What  Read Full Story
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Reported by: Randy Ricochet
Alarm Bells Ring In Russia Over Ruble, Falling Oil Prices News Link  •  Economy - International
Alarm Bells Ring In Russia Over Ruble, Falling Oil Prices
11-13-08  •  Michael Shedlock / Mish 
Russian stocks plunged and Kuwait suspended trading as a slump in oil to below $55 a barrel roiled emerging markets and increased concern that Moscow will be forced to devalue the ruble.  Read Full Story
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Reported by:
Banks Say Plan to Guarantee Their Debt is Flawed, Ask For a Better Deal News Link  •  Federal Reserve
Banks Say Plan to Guarantee Their Debt is Flawed, Ask For a Better Deal
11-13-08  •  NakedCapitalism.com 
Yves here. This logic helped get the US in trouble in the first place, a regulatory race to the bottom. Now we are getting it on the subsidiy side, as the industry hoovers up everything it can. And by all accounts, banks have excess reserves at the F  Read Full Story
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Reported by:
Federal Government: October budget deficit hits record of $237.2 Billion News Link  •  Federal Reserve
Federal Government: October budget deficit hits record of $237.2 Billion
11-13-08  •  Breitbart.com 
The Treasury Department says the deficit for the first month in the new budget year was the highest monthly imbalance on record. It was more than four times larger than the October 2007 deficit of $56.8 billion.  Read Full Story
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Reported by:
Robin Hood Obama: Socialism, Communism and Spreading the Wealth News Link  •  Philosophy: Socialism
Robin Hood Obama: Socialism, Communism and Spreading the Wealth
11-13-2008  •  Mondo 
Barack Obama as Robin Hood and why spreading the wealth does not work. “Makers and Takers” isn’t “Spreading the Wealth for Dummies”"because spreading the wealth historically is for dummies.  Read Full Story
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Reported by: Randy Ricochet
Chicago Prepares For Mass Layoffs: Mayor Daley News Link  •  Economy - Economics USA
Chicago Prepares For Mass Layoffs: Mayor Daley
11-13-08  •  Michael Shedlock / Mish 
"This is going to be all year, so it's going to be a very frightening economy," Mayor Daley said. "Each one tells me what they're laying off, and they're going to double that next year. We're talking huge numbers of per  Read Full Story
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Reported by:
1936 Stainless Steel Ford Coupe: Fear No Rust News Link  •  History
1936 Stainless Steel Ford Coupe: Fear No Rust
11-13-2008  •  RidesAPaleHorse 
Pictures of the last remaining 1936 Stainless Steel Ford Coupe, a car with an "engine like a sewing machine" and feared no rust.  Read Full Story
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Reported by: Randy Ricochet
The Axe Falls At Cessna: 665 Employees To Be Laid Off News Link  •  Economy - Economics USA
The Axe Falls At Cessna: 665 Employees To Be Laid Off
11-13-2008  •  Aero-News Network 
Cessna Aircraft Company had some unwelcome news for employees Wednesday. Approximately 665 workers will soon be handed their walking papers at the planemaker's facilities in Wichita, KS and Bend, OR.  Read Full Story
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Reported by: Brock Lorber
Eclipse Aviation Stops Honoring Paychecks News Link  •  Economy - Economics USA
Eclipse Aviation Stops Honoring Paychecks
11-13-2008  •  Aero-News Network 
Barring a financial miracle, it appears to be another nail in the coffin for Eclipse Aviation. The struggling planemaker told third shift workers Thursday morning their paychecks due on the 15th of this month will not be honored.  Read Full Story
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Reported by: Brock Lorber
Ten Reasons Why Mexicans Captured America: And Americans Lost Opinion  •  Immigration
CONNECTING THE DOTS
Ten Reasons Why Mexicans Captured America: And Americans Lost
11-13-2008
Frosty Wooldridge
   Can the Mexican army defeat America? Surprise! With unending Mexican immigration, America loses its language, culture and identity to an invasion so powerful--it changes the US beyond recognition. Ultimate result: unsustainable!
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Nouriel Roubini: The Worst Is Not Behind Us News Link  •  Economy - Economics USA
Nouriel Roubini: The Worst Is Not Behind Us
11-13-08  •  Forbes.com 
Obama will inherit an economic and financial mess worse than anything the U.S. has faced in decades: the most severe recession in 50 years; the worst financial and banking crisis since the Great Depression...  Read Full Story
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Reported by:
Whistleblower asked to reveal illegal FBI acts News Link  •  Whistleblowers
Whistleblower asked to reveal illegal FBI acts
11-13-2008  •  Washington Times 
The FBI has engaged in unlawful acts while carrying out a Bush administration surveillance sweep of U.S. citizens without warrants, says an a well-known FBI whistleblower who has been asked to air his allegations to the Justice Department.  Read Full Story
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Reported by: Trouser Chili
Federal Regulators nix credit card debt forgiveness plan for average families

News Link  •  Economy - Economics USA
Federal Regulators nix credit card debt forgiveness plan for average families
11-13-08  •  news.Yahoo.com 
An unusual alliance of financial industry interests and consumer advocates, represented by the Financial Services Roundtable and the Consumer Federation of America, made the request to the Treasury Department agency on Oct. 29.  Read Full Story
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Reported by:
A Senior Fellow at the Institute of Nonexistence News Link  •  MEDIA (MainStreamMedia - aka MSM)
A Senior Fellow at the Institute of Nonexistence
11-13-2008  •  NY Times 
They strike again. Creating a fake news story and building upon it. Getting the mainstream media to run with it over and over again.  Read Full Story
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Reported by: Powell Gammill
Ok Mr. Obama, Time To Choose News Link  •  Federal Reserve
Ok Mr. Obama, Time To Choose
11-13-08  •  Market-Ticker.denninger.net 
You think "Joe Middle Class Six Pack" finds this amusing - or acceptable - when it scuttles all the other promises you (and the rest of the Democrats) have made? You think "Joe" hasn't figured it out by now?  Read Full Story
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Reported by:
Interview - Naomi Wolf - Give Me Liberty News Link  •  Future Predictions
Interview - Naomi Wolf - Give Me Liberty
11-13-2008  •  YouTube 
Interview with Naomi Wolf author of "Give Me Liberty: A Handbook for American Revolutionaries" given October 4, 2008 on Mind Over Matters, KEXP 90.3 FM Seattle.  Read Full Story
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Reported by: Donna Hancock
Independent Oversight Posts for Banker Bailout Billions Left Empty News Link  •  Federal Reserve
Independent Oversight Posts for Banker Bailout Billions Left Empty
11-13-08  •  WashingtonPost.com 
No formal action has been taken to fill the independent oversight posts established by Congress when it approved the bailout to prevent corruption and government waste. Nor has the first monitoring report required by lawmakers been completed...  Read Full Story
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Reported by:
Lawmakers, Investors Ask Fed for Lending Disclosure on Our $2 Trillion News Link  •  Federal Reserve
Lawmakers, Investors Ask Fed for Lending Disclosure on Our $2 Trillion "Investment"
11-13-08  •  Bloomberg.com 
Members of Congress, taxpayers and investors urged the Federal Reserve to provide details of almost $2 trillion in emergency loans and the collateral it has accepted to protect against losses.  Read Full Story
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Reported by:
Canadian prisoner, too fat for cell, released early News Link  •  Criminal Justice System
Canadian prisoner, too fat for cell, released early
11-12-2008  •  Reuters 
Big Mike as he is known, was arrested in September 2006 and received a five-year sentence in May this year. Could not fit on the chair in his Montreal prison cell and when he went to bed, his body protruded six inches on either side.  Read Full Story
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Reported by: Chip Saunders
U.S. Jobless Claims Reach Seven-Year High of 516,000 News Link  •  Economy - Economics USA
U.S. Jobless Claims Reach Seven-Year High of 516,000
11-13-08  •  Bloomberg.com 
The Labor Department reported that jobless claims last week increased by 32,000 to a seasonally adjusted 516,000. That is the highest total since just after the Sept. 11 terrorist attacks and second-highest since 1992.  Read Full Story
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Reported by:
Restoring the Libertarian Brand Name News Link  •  Philosophy: Libertarianism
Restoring the Libertarian Brand Name
11-12-2008  •  Less Antman for LewRockwell.com 
New Coke was an absolute disaster. anger of the consuming public was so great that they had to eventually accept hundreds of millions in losses and figure out a way of reversing their course. They announced the return of "Coke Classic,"  Read Full Story
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Reported by: Ernest Hancock
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