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Date Sent: 2008-09-29
Freedom's Phoenix Headline News for Monday, September 29, 2008 |
Lawmakers Reach Accord on Huge Bailout; Vote Today -- Is the Federal Reserve Illiquid?
Breakdown of the Final Bailout Bill -- Treasury Would Emerge With Vast New Power -- No Grand Jury for Gonzales33 Pastors Flout Tax Law With Political Sermons -- Hedge Funds Are Bracing for Investors to Cash Out -- SpaceX Did it - Falcon 1 Made it to Space -- Marcy Kaptur warns “there are enemies of the Republic” -- CFR Member Calls For New Global Monetary Authority -- Rep. Michael Burgess - “we are under Martial Law” -- Bailout: A Picture of the Apocalypse -- Nouriel Roubini: The Bailout is a Disgrace and a Rip-Off -- McCain-Obama debate pulls average early rating -- U.S. steps up Pakistan raids to thwart al-Qaeda 'October surprise' plot -- Bailout: Are the Feds Favored Banks Stealing the Assets of Smaller Banks? -- Senate sends big spending bill to Bush to sign -- The Sky is Falling! The Sky is Falling! - by Brock Lorber -- Cindy Sheehan: Let the Tax Revolt Begin! -- Karl Denninger: The Potential End of America's Government -- Jon Stewart compares Iraq to our economy and finds the link -- The New American Revolution "Break the Federal Reserve" -- "An economic Pearl Harbor" - Did Warren Buffett Just Give Us a Coded Warning? -- Gas shortages: get ready for more -- Nancy Pelosi: Mortgage help for bankrupt homeowners dropped -- U.S. Taxpayers are Being Enrolled in an Economic Chain Gang -- Legendary actor Paul Newman dies at age 83 -- Chinese regulator calls U.S. lending practices 'ridiculous' -- 'Car sleepers' the new U.S. homeless -- Chinese astronaut walks in space -- Socialist Bailout of the Criminal Investment Banks -- Ron Paul on Cavuto saying no to the bailout
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News Link • Economy - Economics USA
Breakdown of the Final Bailout Bill
9-29-2008
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Washington Post
Section-by-section breakdown of the "Emergency Economic Stabilization Act of 2008," otherwise known as the $700 billion Wall Street bailout bill. The 106-page bill established sweeping powers for Treasury Secretary in carrying out what the
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Treasury Would Emerge With Vast New Power
9-29-2008
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NY Times
Gives the Treasury Secretary extraordinary power to decide how the $700 billion bailout fund is spent. For example, he may buy not only mortgages and mortgage-backed securities, but any other financial instrument.
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Reported by:
Powell Gammill
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News Link • TAXES: Federal
33 Pastors Flout Tax Law With Political Sermons
9-29-2008
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Washington Post
Defying a federal law that prohibits U.S. clergy from endorsing political candidates from the pulpit, an evangelical Christian minister told his congregation that voting for Sen. Barack Obama would be evidence of "severe moral schizophrenia."
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Reported by:
Powell Gammill
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News Link • Criminal Justice System
No Grand Jury for Gonzales
9-29-2008
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Washington Post
Former attorney general Alberto Gonzales will not be referred to a federal grand jury for his role in the 2006 firings of 9 US attorneys, but a long-awaited report will recommend a prosecutor continue to probe the involvement of lawmakers and White H
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Hedge Funds Are Bracing for Investors to Cash Out
9-29-2008
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NY Times
First, the money rushed into hedge funds. Now, some fear, it could rush out. To pay back investors, some funds may be forced to dump investments at a time when the markets are already shaky.
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Reported by:
Powell Gammill
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News Link • Economy - International
CFR Member Calls For New Global Monetary Authority
09-28-2008
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InfoWars.com
A Council on Foreign Relations member and former policy planner under prominent Bilderberger Henry Kissinger has penned a piece in the Financial Times of London calling for a "new global monetary authority"
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Reported by:
Ernest Hancock
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News Link • Constitution
Rep. Michael Burgess - “we are under Martial Law”
09/28/2008
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Daily Newscaster
ep. Michael Burgess (R-TX) reports from the floor of the House that the Republicans have been cut out of the process and he claims the Speaker has declared martial law.
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Reported by:
D. H. Williams
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News Link • Corruption
Marcy Kaptur warns “there are enemies of the Republic”
09/28/2008
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Daily Newscaster
“My message to the American people don’t let Congress seal this deal. High financial crimes have been committed. My friends there are domestic enemies of the Republic.”
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Reported by:
D. H. Williams
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News Link • Federal Reserve
Bailout: A Picture of the Apocalypse
9-28-08
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Optionarmageddon.ml-implode.com
The government may have to spend a nearly unlimited amount of money to bail out “the system.” We’re talking well north of a trillion dollars. That’s money the Feds don’t actually have. They have to borrow it. What if they can’t?
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News Link • Federal Reserve
Nouriel Roubini: The Bailout is a Disgrace and a Rip-Off
9-28-08
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RGEmonitor.com/roubini
This is again a case of privatizing the gains and socializing the losses; a bailout and socialism for the rich, the well-connected and Wall Street.
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News Link • Politics: Democratic Campaigns
Barack Obama’s “Truth Squad” crushes civil liberties in Missouri
09/28/2008
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Daily Newscaster
Barack Obama and his campaign of CHANGE is using some standard political tactics employed by tin horn dictators in third world nations and oppressive regimes such as Communist China.
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Reported by:
D. H. Williams
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News Link • Eugenics
Barack Obama: The Strong-Arm Tactics of Team Obama
09-28-2008
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Mondo
The Obama campaign is mobilizing Missouri prosecutors and sheriffs to intimidate opponents: all are part of a disturbing pattern involving assaults on free speech, lawyers, lawsuits and strong-arming TV stations and opponents running anti-Obama ads.
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Reported by:
Randy Ricochet
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News Link • Legislative Mischief
Bailout Oversight: House Democrats Attacked ‘Oversight’ Regulator in 2004
09-28-2008
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Mondo
The $700 bailout promises more “oversight”. What happened four years ago when the regulator in charge of Fannie Mae and Freddie Mac exercised oversight? He was savaged by House Democrats. Why would things be any different this time around? [video: 8
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Reported by:
Randy Ricochet
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News Link • Eugenics
SNL spoofs Palin interview with Couric
09-28-2008
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Rawstory.com
Tina Fey reprised her role as vice presidential candidate Sarah Palin on Saturday Night Live, mocking the governor's recent interview with Katie Couric of CBS.
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Reported by:
Ernest Hancock
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News Link • Eugenics
McCain-Obama debate pulls average early rating
09-28-2008
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www.thrfeed.com
...16% lower than the national number from the 2004 debate
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Reported by:
Ernest Hancock
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News Link • Military
U.S. steps up Pakistan raids to thwart al-Qaeda 'October surprise' plot
9-28-08
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Telegraph.co.uk/news
Those hostilities almost turned lethal last week when Pakistani troops shot at two clearly marked US helicopters, and the two sides then traded fire.
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News Link • Federal Reserve
Bailout: Are the Feds Favored Banks Stealing the Assets of Smaller Banks?
9-28-08
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Market-Ticker.denninger.net
In this video Karl Denninger explains why their is a complete lack of trust in the financial sector due to Fed involvement in the dismemberment of financial institutions not on it's favored list.
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News Link • Economy - Economics USA
Breakthrough Reached in Negotiations on Bailout
9-28-2008
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NY Times
Officials said that Congressional staff members would work through the night to finalize the language of the agreement and draft a bill, and that the bill would be brought to the House floor for a vote on Monday.
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Lawmakers Reach Accord on Huge Financial Rescue
9-28-2008
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Washington Post
Congressional leaders and the Bush administration this morning said they had struck an accord to insert the government deeply into the nation's financial markets, agreeing to spend up to $700 billion to relieve Wall Street of troubled assets back
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Reported by:
Powell Gammill
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News Link • Economy - Economics USA
Senate sends big spending bill to Bush to sign
9-28-2008
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AP
Senators have passed in a 78-12 vote a $634 billion spending bill that subsidizes federal loans for automakers. Also lifts a quarter-century ban on oil drilling off the Atlantic and Pacific coasts. Provides money to keep the government running until
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Reported by:
Powell Gammill
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News Link • WAR: About that War
Winter Soldier
09-27-2008
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KPFA Radio
From March 14th to 16th 2008, Pacifica Radio provided coverage of the historic Winter Soldier 2008 gathering in Washington,DC. The three day live broadcast was co-hosted by Aaron Glantz and former Army medic and KPFA Morning Show host Aimee Allison.
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Reported by:
Jean Carbonneau
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News Link • Philosophy of Liberty
Slave Uprising - pledge to resist
09/27/2008
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Daily Newscaster
We are told we must give up our values, traditions and beliefs to accept a new socialist economic program of total government control and central planning just like the former Soviet Union employed.
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Reported by:
D. H. Williams
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News Link • Federal Reserve
Karl Denninger: The Potential End of America's Government
9-27-08
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Youtube.com
The question we all must ask ourselves is, what do we do if the Congress passes this $700 billion Bailout of Wall Street? Do we call a strike?
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News Link • The Daily Show with Jon Stewart & Stephen Colbert
Jon Stewart compares Iraq to our economy and finds the link
9-27-2008
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Comedy Central
Jon Stewart finds an eerie similarity between President Bush's big bailout speech and his Iraq invasion speech five years ago. "Those who do not study the past get an exciting opportunity to repeat it."
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Reported by:
Powell Gammill
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News Link • Bush Administration
Bush confident of financial rescue plan bill 'very soon'
09-27-2008
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www.marketwatch.com
WASHINGTON (MarketWatch) -- President Bush said Saturday morning he's confident that Congress will pass a bill aimed at protecting Americans' financial security "very soon."
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Reported by:
Ernest Hancock
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News Link • Federal Reserve
The New American Revolution "Break the Federal Reserve"
9-27-08
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Rense.com
Joan Veon "In short, we have been set up! Laws were designed and passed to specifically get us into this position! We are the sheep, but our shepherd is not Moses, King David or the Great Shepherd".
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News Link • Conspiracies
"An economic Pearl Harbor" - Did Warren Buffett Just Give Us a Coded Warning?
9-27-08
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LondonBanker.blogspot.com
He is a very smart man who knows his history, having lived it and seen it up close. He will know better than most that Pearl Harbour is now understood in well informed circles to not only have been foreseen by FDR, but provoked by FDR in an orchestra
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News Link • Energy
Gas shortages: get ready for more
9-27-08
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Fortune.com
The scenes over the past several days in places like Nashville, Tenn., Anniston, Ala., and western North Carolina looked like file footage from 1979 - with bags over empty gas pumps and quarter-mile long lines of cars waiting to fill up at stations t
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News Link • Federal Reserve
Is the Federal Reserve Illiquid?
9-27-08
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LondonBanker.blogspot.com
I’ve been speculating all week that the pressure being used on the Congress to pass the Paulson Plan is the threat of Fed illiquidity. As of two weeks ago, the Fed had lent out more than $600 billion of its $800 billion balance sheet
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News Link • Housing
Nancy Pelosi: Mortgage help for bankrupt homeowners dropped
9-27-08
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Rawstory.com
House Democrats say the idea of letting judges rewrite mortgages to help bankrupt homeowners avoid foreclosure won't be a part of the $700 billion financial industry bailout.
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News Link • MEDIA (MainStreamMedia - aka MSM)
McCain-Obama Debate: Mainstream Media Declares Obama the Winner
09-27-2008
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Mondo
Who won the first debate between John McCain and Barack Obama? In the Mainstream Media--where Democrats have a history of "winning" the debates--it was Obama. Was this another case of "our candidate, our polls, our call"?
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Reported by:
Randy Ricochet
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News Link • Federal Reserve
U.S. Taxpayers are Being Enrolled in an Economic Chain Gang
9-27-08
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Informationclearinghouse.info
His tactics are to carpet-bomb the banking system with federal funds. The upshot, in Jeffersonian terms, is that US taxpayers are about to be enrolled in an economic chain gang.
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News Link • Entertainment: Movies
Legendary actor Paul Newman dies at age 83
9-27-08
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news.yahoo.com/s/
Newman had a soft spot for underdogs in real life, giving tens of millions to charities through his food company and setting up camps for severely ill children. Passionately opposed to the Vietnam War...
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News Link • Federal Reserve
Chinese regulator calls U.S. lending practices 'ridiculous'
9-27-08
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Aol Money/Finance
"Fast food is convenient. This $700 billion package must ease the concerns and build up confidence. But if you only take this, it doesn't agree with your stomach. You should think about Chinese slow cooking and slow food," he said, prom
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News Link • Economy - Economics USA
'Car sleepers' the new U.S. homeless
9-27-08
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news.BBC.co.uk
Barbara used to work in housing finance - this is the double whammy of the housing collapse where many who worked in the sector lost their jobs and their homes.
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News Link • Space Travel and Exploration
Chinese astronaut walks in space
9-27-08
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news.BBC.co.uk
The exercise is seen as key to China's ambition to build an orbiting station in the next few years.
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News Link • Federal Reserve
Socialist Bailout of the Criminal Investment Banks
9-27-08
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AfterDowningStreet.org
For who cares if Goldman Sachs and Morgan Stanley endure if the issuance of $700 billion more in government bonds drives interest rates way up, diverts credit from the private economy, devalues the already sinking dollar...
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News Link • Federal Reserve
Marc Faber: $ 700 Billion Bailout Could Balloon to $5 Trillion
9-26-08
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Breitbart.tv/
“So now they try to solve the problem by having this credit bubble actually extended and I think the $700 billion will be like a drop in the bucket because the total credit market in the U.S. is something close to $60 trillion,and the CDS market of $
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News Link • Iran
Iran on way to atomic bomb capability - ElBaradei
9-26-08
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WireDispatch.com
Iran is on its way to mastering technology that would enable it to build atomic bombs, if it so chose, International Atomic Energy Agency director Mohamed ElBaradei said in remarks published on Friday.
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News Link • Israel
U.S Deploys Phased-Array Radar to Israel with 120 American Troops
9-26-08
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ArmyTimes.com/news/
U.S. European Command has deployed to Israel a high-powered X-band radar and the supporting people and equipment needed for coordinated defense against Iranian missile attack, marking the first permanent U.S. military presence on Israeli soil.
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News Link • Legislative Mischief
Conservatives Viewed Bailout Plan as Last Straw
9-27-2008
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NY Times
The seeds of the House Republican revolt over the financial industry bailout were sown in an e-mail message circulated Monday night as internal animosity built quickly over the Bush administration’s request for $700 billion to prevent an economic col
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Reported by:
Powell Gammill
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