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Date Sent: 2008-07-14
Freedom's Phoenix Headline News for Monday, July 14, 2008 |
Treasury Acts to Save Mortgage Giants -- Bush backs Israeli plan for strike on Iran
US Treasury ready to put billions into bailout of America’s mortgage system -- Oil Brings Americans Closer to OPEC Debtor Dependence -- Analysts Say More Banks (150) Will Fail Next Year -- US spells out Fannie-Freddie backstop plan -- DeepCapture.com takes on short sellers -- The Greatest Crime in History -- 'Lob bombs' biggest worry for US in Baghdad -- MISH: Operation "Rescue Fannie" Underway - Paulson a Blatant Liar -- TSA roughs up woman -- Attack on US base in Afghanistan kills 9 Americans -- Clinton Diehards Want Convention Vote -- Afghan Warlords, Formerly CIA, Now Turn Their Guns On US Troops -- EPA too powerful, could damage economy -- School rebuked for ibuprofen strip search -- California seeks foreign aid in fighting fires with it's Nat. Guard in Iraq -- U.S. defends laptop searches at the border -- US visit feeds Pakistani worry over U.S. attack -- US, Iraq Scale Down Negotiations Over Forces -- Obama says 'little doubt' country in recession -- Ron Paul's blimp now used for drug war -- Inquiry into Sheriff Arpaio's immigrant roundup -- Terrorism officers on patrol in Arizona -- MISH: Nature of the Fannie Mae Bailout -- MISH: US Taxpayer Bailout of China Over Fannie Mae -- Psychiatric Group Faces Scrutiny Over Drug Ties
L. Neil Smith on the Scott Horton Show at Antiwar Radio; Tony Snow, RIP
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News Link • Iran
President George W Bush backs Israeli plan for strike on Iran
7-13-08
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Timesonline.co.uk
Despite the opposition of his own generals and widespread scepticism that America is ready to risk the military, political and economic consequences of an airborne strike on Iran, the president has given an “amber light” to an Israeli plan to attack
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News Link • Energy
Oil Brings Americans Closer to OPEC Debtor Dependence
7-14-08
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Bloomberg.com
Holdings of Treasuries by oil producers and institutions such as U.K. banks that are proxies for Middle East nations rose 44 percent this year to $510.8 billion through April, four times faster than the rest of the world...
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News Link • Federal Reserve
Operation "Rescue Fannie" Underway - Paulson a Blatant Liar
7-13-08
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Michael Shedlock / Mish
"Operation Rescue Fannie" has now morphed into a taxpayer bailout of Bill Gross, China, and anyone else that levered into buying Fannie Mae garbage. It is a moral hazard to the highest degree, for bondholders to be made whole in this mess.
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News Link • Eugenics
Ron Paul's blimp now used by government thugs for drug interdictions
7-13-2008
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Miami Herald
The Skyship 600 blimp had been a headturning advertisement for presidential candidate Ron Paul. Now the 197-foot airship that looks like a gigantic white balloon features only an American flag. The blimp has been equipped with radar, sensors and elec
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Powell Gammill
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News Link • Federal Reserve
U.S. Economy: Take Downs and Drawing the Wrong Straw
7-12-08
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WallStreetExaminer.com
Never again will so many assets be handed off to regulators and corrupt apparatcheks for “distribution” to the privileged. This may make the “privatization” of the Soviet Union to Russian oligarchs look like a cake walk.
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