The Obama Administration is Becoming a Stand-Up Comedy Act
• AfterDowningStreet.orgCongress has been a joke for years. Now the White House is becoming a laughing stock. It is, I’m afraid, all starting to look like one big joke, and it’s on us.
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Obama Administration
Stress Test: 25-to-1 Leverage as a Healthy Bank Target?
• Ritholtz.com/blogConsider this simple fact: Treasury and the Fed want these banks to have Tier 1 common stock equal to 4% of risk-weighted assets. In other words, 25-to-1 leverage as safe for the future.
Fed Determines Banks Need $74.6 billion in Fantasyland Scenario, $599 Billion in Cakewalk Scenario
• Michael Shedlock / MishThe banks were insolvent and many still are. The Fed has thrown $trillions at this mess and the banks remain short of capital.
AG Eric Holder says he approved Clinton-era renditions
• RawstoryUnder fire from Republicans, Attorney General Eric Holder revealed that he had approved of rendition — essentially, legalized kidnapping — apparently more than once during his tenure as President Bill Clinton’s deputy attorney general
NRC Study Calls for Covert “Cyberattack” Against “Non-state” Enemies
• Black Listed NewsThe National Research Council is pushing for the offensive use of “cyberattack” against enemies foreign and domestic. “The current policy and legal framework regulating use of cyberattack by the United States
Obama Event Hiring for May 13th
• CraigslistI am looking for Clean Cut Presentable people to work an event next wedensday (May 13th) at ASU! You will be required to wear light colored nice khaki pants, dark belt and we will provide a shirt. :)
You Wanted a Smoking Gun? Here It Is.
• riseupforamerica.com via GVMM NewsletterSomething as dramatic as citizens themselves deciding to take action by forming Grand Juries to indict a President is certain to stir up emotions on both sides of the issue.
Obama Releases Details of $3.4 Trillion Budget Plan
• Washington PostAmerica will "Go Galt"
Timothy Geithner: US banks 'safe from insolvency'
• news.BBC.co.ukNo US bank being screened by regulators is at risk of insolvency, US Treasury Secretary Timothy Geithner has said.
Yves Smith: The Banks and Orwell
• NakedCapitalism.comAm I the only one who sees the blatant manipulation? How can this be good for existing stockholders? So why are financials rallying? The regulator has become a stockholder.
Paul Craig Roberts on Russia Today: USA no longer ruled by law
• Informationclearinghouse.info/It has been more than 100 days of Barack Obama in office. Reviewing his policy, the election honeymoon was not that sweet to begin with and many in the US seem disappointed. Prominent economist Paul Craig Roberts is among those.
Fall Vaccination Campaign May Include 3 Flu Shots
• Washington PostThe Obama administration is considering an unprecedented fall vaccination campaign that could entail giving Americans three flu shots — one to combat annual seasonal influenza and two targeted at the new swine flu virus
Happy Cinco de Mayo from Alex Jones and Ernie Hancock
• Mark YannoneThe usurper has a surprise waiting for him at Arizona State University in Tempe, Arizona.
AIG bonuses four times higher than reported: $454 million for work performed in 2008.
• politico.com/That is nearly four times more than the company revealed in late March when asked by POLITICO to detail its total bonus payments. At that time, AIG spokesman Nick Ashooh said the firm paid about $120 million...
PHANTOM AIR FARCE PICTURES
• NY Daily PostThe $328,835 snapshots of an Air Force One backup plane buzzing lower Manhattan last week will not be shown to the public, the White House declared. The sole purpose of the secret photo-op, which sent thousands of New Yorkers running for cover, was t
Obama says: Euthanasia of the elderly may be necessary
• Freedom Fighter Radio.netTHE PRESIDENT: …I actually think that the tougher issue around medical care — it’s a related one — is what you do around things like end-of-life care —Yes, where it’s $20,000 for an extra week of life.
Chris Hedges: Buying Brand Obama
• Truthdig.comThe junk politics practiced by Obama is a consumer fraud. It is about performance. It is about lies. It is about keeping us in a perpetual state of childishness. But the longer we live in illusion, the worse reality will be when it finally shatters o
April deadliest month for US in Iraq in 7 months
• http://apnews.myway.comU.S. death toll for April rose to 18 making it the deadliest in seven months for American forces in Iraq. The increase from the previous month came as a series of bombings also pushed Iraqi deaths to their highest level this year.
Obama may revive Bush-era military commissions
• RawStory.comThe administration of US President Barack Obama is moving toward reviving the military commission system for prosecuting terrorism suspect held at a detention center in Guantanamo Bay, Cuba, The New York Times reported.
I Think He Left His Brain In San Francisco Too!
Ed Vallejo“I love everything he’s done and everything he’s doing,” Bennett said of Obama. “I think we should give him all-out support for anything he wants to do. We should all help..."
Obama and ACORN GPS Marking EVERY Front Door in America?
• Canada Free PressObama’s Census Bureau has hired 1000s of new temporary employees, equipped each with a handheld GPS computer, and given them 90 days to mark GPS coordinates “within 40 ft of every front door” in America.
Obama to give Fiat $8Billion to buy Chrysler
• news.yahoo.com/s/ap/The government would provide up to $8 billion more to carry the company through bankruptcy, said senior administration officials speaking on condition of anonymity. The government will also help appoint a new board of directors.
Volcker Says Economy is ‘Leveling Off’ even though GDP Shrinks Most in 50 Years
• Michael Shedlock / MishThe Case for an "L" Shaped Recession (or series of recessions) is still very much alive.
Denninger: Heads I Win, Tails Taxpayers Lose!
• market-ticker.denninger.net/Oh that's nice. So now we're going to offer 6:1 (or more) leverage to these hedge funds with non-recourse financing provided by the FDIC, and if something goes wrong the taxpayer will eat the balance.
FDR's New Deal v. Obamanomics
Stephen LendmanAs different as night is from day.
Obama cuts $100,000,000 out of the budget. Is that a lot of pennies?
• youtube handle 10,000pennies
Cost of Obama's plane NYC flyover photo-op to taxpayers is $300,000
• WABCVideo report
$25 MILLION Dollar Reward for Obama's Birth Certificate!
• rewardforobamasbirthcertificate.com via e-mail"...we will continue to increase the amount of the reward until it is so huge that the American people will begin to question why he has sealed all his background info to hide something..."
Geithner, Member and Overseer of Finance Club
• NY TimesTimothy F. Geithner, who as president of the NY Federal Reserve oversaw many of the nation’s most powerful financial institutions, stunned the group with the audacity of his answer. He proposed asking Congress to give the president broad power to gua
Where's the Change?
Written By:“Where's the Change? A Report Card on Obama's First 100 Days in Office” Well, we've reached that all too important mark. The first 100 days of the presidency. A time when we can all sit back, relax, and realize what a big freaking
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