Breckenridge Resort in Colorado Welcomes Stoners!
• Telegraph.co.uk via Rense.comBreckenridge, a ski resort in Colorado popular with British holidaymakers, now allows people to smoke marijuana without fear of arrest.
Contents Pages by Subject
Domestic Policy
Indian tribes buy back thousands of acres of land
• APNative American tribes tired of waiting for the US government to honor centuries-old treaties are buying back land where their ancestors lived and putting it in federal trust. Native Americans say the purchases will help protect their culture and
Americans Are Hell-Bent On Tyranny by Paul Craig Roberts
• Rense.com"Tiger Woods is paying a bigger price for his girlfriends than Bush or Cheney will ever pay for the deaths and ruined lives of millions of people."
Executive Order -- Amending Executive Order 12425 -- INTERPOL Now Has Full Immunity / Impunity In Th
• godlikeproductions.comThe White House Office of the Press Secretary For Immediate Release December 17, 2009 Executive Order -- Amending Executive Order 12425 EXECUTIVE ORDER - - - - - - - AMENDING EXECUTIVE ORDER 12425 DESIGNATING INTERPOL AS A PUBLIC INTERNAT
Dirty Freakin Hippies WERE RIGHT!
•There's a black granite wall in Washington D.C. that bears 58,260 names on it. All of those whose names are carved on that wall are dead. For what? Freedom?
Fear pushes US rates into negative
• Financial TimesNegative interest rates are back. Yields on short-term US government debt have fallen into negative territory as banks and investors park their cash in havens before the end of the year. Strong demand for US Treasury bills, US government debt with
Fed could offer 'liquidity backstop' to SOME FIRMS
• BloombergFederal Reserve Bank of New York President William Dudley said the central bank could curtail the risk of future liquidity crises by providing a "backstop" to solvent firms with sufficient collateral. "The central bank could commit to being the lend
Why Switzerland Is Still Free and America Is Not
• Ron Holland for LewRockwell.comHow America would be different if we had Swiss-style political rights to restrain government where the people rule instead of the special interests.
Freddie Mac, Given Oversight of Mortgage Mod Program, Falls Down on Job
• Pro PublicaSince its March launch, the government’s $50 billion program to prevent foreclosures has been marked by confusion, delays and doubts. A little-noticed conclusion in a government report released on Wednesday reveals that the program’s auditor is no di
"National Emergency" Declarations
• Christine Smith's BlogSo Obama has declared a “national emergency” over the H1N1 “swine” flu. The main threat I see is government…not flu. But that’s the way it’s often been with “national emergencies.”
Citizenship Question Draws Fire
• NewsmaxA coalition of black, Latino and Asian lawmakers on Thursday expressed opposition to a proposal that would require next year's census forms to ask about the status of a person's citizenship.
Barack Obama's policy on brink of collapse as Tehran does last-minute nuclear stall
• Times OnlinePresident Obama’s policy of diplomatic engagement with Iran is close to collapse as Tehran backtracks on a crucial deal aimed at cutting its stockpiles of nuclear fuel.
Freddie Mac Annualized Defaults Hit Record High At 7.3%, Even As Lending Increases Once Again
• Zero HedgeWith the US government now having taken over the functions of such pristine subprime lenders as New Century, with the provision that it not only is not checking borrowers' credit scores, income potential, or other "facts" that the mortgage lenders
Senate Moving to Expand $8000 First-Time Homebuyer Credit to All Homebuyers
• American Banking NewsA group of Senators, including Senate Banking Committee Chairman Chris Dodd, are moving to extend the $8,000 first-time homebuyers tax credit and extend it to all homebuyers. Sen. Johnny Isakson (R-GA) who had previously owned a real estate compan
Rewarding Failure
• Zero HedgeEvery day we hear about proposed caps on CEO pay, and new regulations to make sure companies are not rewarded for failure. Nowhere is failure being more greatly rewarded than in the United States bankruptcy system.
Herding the sheep
• Washington's BlogFinancial insider and commentator Yves Smith wrote an essay last week entitled "MSM Reporting as Propaganda" arguing that the government has been using propaganda to make people think that things are getting better, no one is angry, and - therefore -
Four-Year Old Buys House With Federal Money
• The Business InsiderThe stories about a return to bubble-era lending standards are getting too depressing to bear. There are the no-down payment loans backed by the USDA, the FHA mortgage worth more than 110% of the value of the home, and now this: babies buying home
Pentagon used psychological operation on US public, documents show
• RawstoryBryan Whitman, the current deputy assistant secretary of defense for media operations, was an active senior participant in a Bush administration covert Pentagon program that used retired military analysts to generate positive wartime news coverage.
Edward Pinto: Obama Tripling Down On The Wrong Housing Policy
• The Business InsiderEdward Pinto, the former chief credit officer at Fannie Mae, and a consultant to the mortgage industry lays out the sad truth. The government is aggressively making the same pro-homeownership moves that got us into the last mess.
PIMCO Dumps $80 Billion of Fed-Sponsored Agencies On Taxpayer's Lap; Makes Over $1 Billion
• Zero HedgeAs everyone else has been cheering the revival of the housing bubble, one person has been busy offloading a significant portion of his exposure to housing: Bill Gross. And the direct sponsor of billions of dollars hitting Mr. Gross' Wells Fargo banki
Fannie, Freddie common shares worthless, KBW says
• MarketwatchAnalysts at Keefe, Bruyette & Woods on Monday said the common shares of Fannie Mae and Freddie Mac are likely worthless even if the troubled mortgage-finance giants end up being recapitalized by the banking industry.
Black Swan Chronicles: Are Job Losses Actually Worse Than Expected?
• Rebel TraderBTE (Better Than Expected) has been the norm these last times… Pushing the market always higher. Now, how about some WTE (Worse Than Expected)?
Criminally insane, but out on the street
• BreitbartPhillip A. Paul in 1987 was declared criminally insane for killing an elderly woman after voices in his head told him she was a witch.
How The Government Caused The Mortgage Crisis
• The Business InsiderIt wasn't greed that caused the mortgage mess. In large part, the mess was the product of government policies designed to increase homehownership among the poor and ethnic minorities.
The FHA Is A Looming Disaster
• The Business InsiderIncompetence plus ideology equals bankruptcy. The FHA still backs toxic mortgages The FHA's mission is political: it is still trying to "expand home ownership.The discredited ideology of home ownership is the most toxic ideologogy since communism.
WSJ: Capital Drain Promises More Pain for Dollar
• Commodity Trader Alerthe U.S. dollar may need to raise capital. The Treasury Department is due on Friday morning to release Treasury International Capital data for August, tracking capital flows across U.S. borders.
BMr. Obama's $250 check would be the equivalent of another 2% increase, and he is proposing no c
• WSJAlmost two-thirds of all bad mortgages in our financial system were bought by government agencies or required by government regulations.
Wall Street on Track to Award Record Pay
• WSJ & VideoEven as the economy is sluggish and unemployment approaches 10%, these firms have been boosted by a stronger stock market, thawing credit market, a resurgence in deal making and the continuing effects of various government aid programs.
Fed buys $2.949 billion in Treasurys
• MarketwatchThe Federal Reserve Bank of New York bought $2.949 billion in Treasurys maturing from 2016 to 2019 on Tuesday,
Making the case for a weaker dollar
• Financial TimesI do not buy the strong-dollar pledges by Tim Geithner, Treasury secretary, and Larry Summers, director of the National Economic Council. They have to say that. It is the official policy line. The bond markets would go crazy otherwise. But a strong d
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