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Corruption

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The mainstream media is claiming that the health care rally's are all about angry white racists angry about a black man being President.  To back up their claims, some outlets are showing a man known as Chris B. as proof. What is the truth?  Is Chris B.  really a racist mad about a black man becoming President?

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BlueLoriBlogSpot

Ginnie Mae what about Fannie & Freddie the DemocRATS traps. In the article below poor ben is having some difficulty deciding how to UNLOAD $1.25 TRILLION and as we know we are the US in the U.S. Government - US something people seem to forget there is NO FREE LUNCH oh scratch that I guess there is for the Socialist leeches but it is at others expense the people who actually pay Taxes. From CNBC..

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BlueLoriBlogSpot

Today Government Sachs announced it is a Financial Holding Company so in following the Bribes err I mean campaign contributions from Open Secrets... 4 Goldman Sachs $31,183,662 64% 35% You will note 64% of the Bribes went to DemocRATS! According to their own research they seem to apportion some of the cause of the meltdown to bank holding companies and the way they can shift losses around taking by advantage of differing sets of rules and regulatory oversight:

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National Legal and Policy Center

A new book by Barron’s reporter Erin Arvedlund asserts that banking giant JPMorgan Chase became aware of Madoff’s Ponzi scheme months before his arrest, prompting the bank to liquidate its positions in a Madoff-related fund. Yet, the bank continued to accept deposits into Madoff’s main account at the bank from unsuspecting investors who were about to lose everything. NLPC is a critic of JPMorgan Chase’s support for political and social causes that are contrary to the bank’s interests and hostile to the capitalist system itself, such as ACORN. Although these new revelations are a separate controversy, both reflect an apparent willingness by the firm to work with shady enterprises if it is perceived to be in its own interest. During the campaign, Dimon was a vocal supporter of Barack Obama. On July 18, the New York Times called Dimon “Obama’s favorite banker.” Dimon may hope that this relationship will insulate his firm from prosecution in the Madoff case. In any event, JPMorgan

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Gathering of Eagles

Barack Obama is all in favor of offshore drilling for oil. Just not here in America. To prove the point, his administration is ready to lend $2 Billion dollars to Petrobas, the huge Brazilian Oil Company, to drill in their newly discovered oil fields off their Atlantic coast. Why is this president so intent on giving our money away in bucketfuls to left wing criminal enterprises in the U.S. and left wing governments in other countries? Or, could it be that almost 25% of George Soros’ portfolio is invested in Petrobas?

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New York Times

Scientists in Israel have demonstrated that it is possible to fabricate DNA evidence, undermining the credibility of what has been considered the gold standard of proof in criminal cases.The scientists fabricated blood and saliva samples containing DNA from a person other than the donor of the blood and saliva.

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After Downing Street

By David Swanson, Compiled below, in hopes that it may be of some assistance to Eric Holder, John Conyers, Patrick Leahy, active citizens, foreign courts, the International Criminal Court, law firms preparing civil suits, and local or state prosecutors with decency and nerve is a list of 50 top living U.S. war criminals. These are men and women who helped to launch wars of aggression or who have been complicit in lesser war crimes. These are not the lowest-ranking employees or troops who managed to stray from official criminal policies. These are the makers of those policies. The occupations of Iraq and Afghanistan have seen the United States target civilians, journalists, hospitals, and ambulances, use antipersonnel weapons including cluster bombs in densely settled urban areas, use white phosphorous as a weapon, use depleted uranium weapons, employ a new version of napalm found in Mark 77 firebombs, engage in collective punishment of Iraqi civilian populations -- including by blo

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ProPublica

In 2008, Bermuda’s influential reinsurance industry needed some help. Successive seasons of monster hurricanes in the United States, where much of its client base is, had cost these insurers of insurance companies $22 billion in losses. Eager to avoid a repeat — and unable to change the weather — the companies and Bermuda’s government turned to something they could influence: The U.S. Congress. At the behest of his government’s lobbyist, Premier Ewart Brown of Bermuda met in June with key congressmen, among them the powerful House Ways and Means chairman, Charles Rangel, D-N.Y., and two Democrats from states in hurricane alley, G.K. Butterfield of North Carolina and Bennie Thompson of Mississippi. The sessions, Brown boasted later in Bermuda’s Royal Gazette, were part of a “very

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Photography Is Not A Crime

Before, it would take a high profile incident like a University of Florida student trying to ask John Kerry some hard questions - only to end up getting Tased and carted away - to generate any national news coverage.

And that was only because the student’s final words - “Don’t Tase me, bro” - were turned into a national punchline.

But nobody is laughing now.

Americans are beginning to realize that all they have to do is catch the cop on the wrong day at the wrong time and they can wind up with 50,000 volts of electricity ripping through their body.

 

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CRIME & FEDERALISM

Today there was a hearing scheduled in United States v. Aleynikov. I haven't seen any reports of today's hearing. The docket sheet for PACER isn't showing any updates. (See update, below.) Bloomberg, however, is reporting: Aug. 17 (Bloomberg) -- Former Goldman Sachs Group Inc. computer programmer Sergey Aleynikov, who was charged last month with stealing sophisticated trading software, wants his criminal case to be dismissed. At a hearing in Manhattan federal court on Aug. 10, defense attorney Sabrina Shroff said she will seek to persuade prosecutors to enter into a rare “deferred prosecution” agreement. A public trial of Aleynikov would expose Goldman Sachs. After receiving too much attention, Goldman Sachs told the United States Attorneys Office to back off. It seems that the same prosecutor who lied in open court is all too willing to do Goldman's bidding.

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The Golden Truth

The new CEO of AIG is going to be paid $7 million per year plus incentives. Clusterstock.com justifies this by saying: "At some point if we're not going to quickly break up AIG, we're going to have to pay someone to run it." AIG should be liquidated, not enabled This is a complete cop-out. AIG should have been thrown into chapter 7 liquidation, but it was not in order to accommodate the monetization of AIG's derivatives counter-parties, led by Goldman Sachs. THAT WE ARE AWARE OF, close to $100 billion dollars has been shuffled from the U.S. Treasury, THRU AIG, and into the coffers of the investment banks who stood to lose $10's of billions from an AIG bankruptcy. So instead of saying "hey man, we need to pay someone really well with Taxpayer money to oversee the transfer of wealth from the Government to Goldman Sachs," we should be asking ourselves why AIG hasn't already been liquidated. AIG will ultimately cost the Taxpayers $100's

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The Market Ticker

In the news today The Federal Reserve announced that due to the continued lying by banks about asset valuations, a practice that has resulted in ABS and CMBS markets remaining locked up, they are continuing to sponsor and support accounting and control fraud, acts that should be treated as felonies and result in prison sentences: Nonetheless, the markets for asset-backed securities (ABS) backed by consumer and business loans and for commercial mortgage-backed securities (CMBS) are still impaired and seem likely to remain so for some time. To promote the flow of credit to businesses and households and to facilitate the financing of commercial properties, the Federal Reserve and Treasury approved extending TALF loans against newly issued ABS and legacy CMBS through March 31, 2010. The markets remain impaired due to the continued lying and will remain so until the lying and control fraud stops. That Congress and The Obama Administration continue permit this lying is an outrage w

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AzCentral.com

Maricopa County sheriff's deputies on Wednesday stormed into a county building, seized control of a computer system and threatened to arrest county employees if they tried to stop them, according to county officials.

County management responded by asking a Maricopa County Superior Court judge for a temporary restraining order against the Sheriff's Office.

The system, which provides access to law-enforcement databases, is the subject of a lawsuit between the Sheriff's Office and the Board of Supervisors. 

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The Business Insider

For all Washington's criticisms of derivatives, it isn't taking a firm stand with its new policy recommendations. The Over-the-Counter Derivatives Markets Act of 2009 was sent to Congress this week. But, as The Project On Government Oversight points out, most of the language is spent divvying up authority between the SEC and the CFTC, not setting limits on the complex financial products themselves by strictly defining them. That could mean watered-down rules

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WSJ

Late last week the six Senators on the ethics panel dismissed complaints against Senators Kent Conrad and Chris Dodd with a mere admonishment about the appearance of impropriety. The three Republican and three Democratic Senators say they conducted an exhaustive probe and inspected 18,000 pages of documents. They say they found "no substantial credible evidence as required by Committee rules" that the Senators received mortgage rates or services that weren't commonly available to the public, and thus did not violate the Senate gift ban. We'll have to take their word that the evidence wasn't "substantial," because they didn't release those documents, nor did they encourage Mr. Dodd to release any of his records. Readers will recall that in February Mr. Dodd staged a peek-a-boo release with selected reporters but did not allow anyone to have copies of the documents. If the evidence was so clear-cut, why the months of stonewalling? The Associated Pre

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Economic Policy Journal

Carlyle Group's Davis Rubenstein wants to gobble up smaller banks from around the country. Lately, Elizabeth Warren has been running around the country talking to anyone who will listen and telling them that small banks are undercapitalized and need a cumulative additional $12 to $14 billion. Guess who wants to supply that amount (with the help of government financing)? The recent report by Warren's Oversight Committee also includes the $12 to $14 billion number.

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Investment Watch

The Congressional oversight panel (COP) of the TARP program is just out with its August report (http://cop.senate.gov/documents/cop-081109-report.pdf). In it, it warns: “Treasury‘s choice to pursue direct capital purchases resulted in a notable stabilization of the financial system, and it allowed the write-down of billions of dollars of troubled assets and reserve building. But, it is likely that an overwhelming portion of the troubled assets from last October remain on bank balance sheets today. “If the troubled assets held by banks prove to be worth less than their balance sheets currently indicate, the banks may be required to raise more capital. If the losses are severe enough, some financial institutions may be forced to cease operations. This means that the future performance of the economy and the performance of the underlying loans, as well as the method of valuation of the assets, are critical to the continued operation of the banks. “For many years, banks were requi

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Counter Punch

The S&P 500 is up 50 per cent from its March lows. The financials, retail, materials and industrials are leading the pack. It's a "Green Shoots" bear market rally fueled by the Fed's Quantitative Easing (QE) which is forcing liquidity into the financial system and lifting equities. The same thing happened during the Great Depression. Stocks surged after 1929. Then the prevailing trend took hold and dragged the Dow down 89 per cent from its earlier highs. The S&P's March lows will be tested before the recession is over. Systemwide deleveraging is ongoing. The economy is resetting at a lower rate of activity. No one is fooled by the fireworks on Wall Street. Consumer confidence is still falling. Everyone knows things are bad. Everyone knows the mainstream press is lying. The restaurants and malls are empty, the homeless shelters are bulging, and even the big-box stores have stopped hiring. The only "green shoots" are on Wall Street where everyone

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