The government just seized three wholesale credit unions and has launched an "unusual plan" to manage $50 billion of troubled assets inherited from failed institutions.
Regulators announced Friday a rescue and revamping of the nation's wholesale credit union system, underpinned by a federal guarantee valued at $30 billion or more.
"I'm exhausted of defending you, defending your administration, defending the mantle of change that I voted for, and deeply disappointed with where we are right now."
Administration Officials Bragged About Assassins' Infiltration of Pakistan
"We can absorb a terrorist attack," Obama told Woodward, according to an authorized excerpt published by the Washington Post. "We'll do everything we can to prevent it, but even a 9/11, even the biggest attack ever ... we absorbed it and we are s
It’s all more cynicism, power horny middle aged men dropping their pants to moon the American people. leaning out of the windows of their limos, humming along to MC Hammer’s “Can’t touch this".
Obama’s collectivist mindset was on display at his town hall last Monday as he claimed we can’t “afford” tax cuts. Mr. President, it ain’t your money. John Hayward continues the discussion in his latest Impertinent Questions: Who Owns Our Money?
The White House said Lawrence Summers, the chief architect of President Obama’s economic policy, would leave at the end of the year, continuing an exodus of top-level advisers at a time when voters are expressing deep dissatisfaction with the preside
The Treasury's $700 billion bailout fund officially expires in two weeks, but not for Neil Barofsky, the top cop for the Troubled Asset Relief Program. He's hiring new staff and opening four regional branch offices to pursue TARP-related fraud cas
Warren will have no effective power against financial predators
The lying skill, so perfected by our president many years ago, seemed to have lost some of its magic. Well, what do you expect? Undoubtedly our poor president hasn’t slept in weeks.
President Obama announced legal scholar Elizabeth Warren will lead the efforts to found the new Consumer Financial Protection Bureau created by the new financial reform law. The move has raised eyebrows around Washington, since Obama has
It will give Holdren the excuse to introduce all the draconian measures he has long believed necessary if “global climate disruption” is to be averted: viz, state-enforced population control...
The Department of Water And Power has received $70.65 million and created or retained 45.46 jobs, though they are expected to create 238 jobs overall (the fraction of a job created or retained correlates to the number of actual hours works)
President Obama has failed to make any appointments to the Privacy and Civil Liberties Oversight Board. This board epitomizes the charades Washington has played since Sept, 11, 2001. Instead of stocking the board with the usual suspects, it would be
“Yemen is the most dangerous place,” said Representative Jane Harman. “We’re much more likely to be attacked in the U.S. by someone inspired by, or trained by, people in Yemen than anything that comes out of Afghanistan.”
Upon receipt of Luke Angel’s [angry email], the Federal Bureau of Investigation (FBI), acting on behalf of President Obama, asked local police in Angel’s town of Bedford to inform him that he is officially banned for life from entering the United Sta
Eagle-eyed reporters noticed that President Barack Obama wasn't sporting his wedding ring during Friday's White House press conference. "big to-do over potus not wearing his wedding ring today," Tweeted The Hill's Sam Youngman, who was at the pres
Two times in the past week, Barack Obama and Hillary Clinton seemingly haven't been on the same page. Now, the President has come out and corrected his Secretary of State on Mexico. Is this more evidence we'll see an Obama-Clinton rematch in 2012?
Letter from the President on the Continuation of the National Emergency with Respect to Certain Terrorist Attacks
President Barack Obama has today extended for another year the state of emergency President George W. Bush declared after the 9/11 attacks.
Goolsbee is a pure neoliberal; an insider’s insider. Not only was he a member of Skull and Bones along with George H. W. Bush, George W. Bush, and John Kerry… but he is the ultimate neoliberal fanatic.
President Barack Obama acknowledged Friday his administration had "fallen short" in its aim to close the US prison camp in Guantanamo Bay, Cuba, as he again stated his intention to close the facility.
The report did not highlight the fact that over $300b of assets held by the Fund were in fact contributions from illegal aliens. As much as 13% of the Funds holdings are tainted. Without this funny money the Fund would today be running substantial...
On Tuesday night, Barack Obama gave a speech from the Oval Office on Iraq that was almost as full of hideous, murderous lies as the speech on Iraq his predecessor gave in the same location more than seven years ago.
The CIA presence within his and his parents’, grandparents’, and step-father’s backgrounds opens up the real possibility that Obama was, to use the CIA’s own term, “nurtured,” for a higher calling.
Does anyone on earth, even among the most moronic of the flag-waving American super-patriots, believe that the bankrupt United States government spent three trillion borrowed dollars to remove one man, Saddam Hussein, in order to free Iraq...
The Department of Justice has fired a salvo in the war against patriotic Americans supporting the Constitution and the Bill of Rights. The DOJ has issued Investigating Terrorism and Criminal Extremism –Terms and Concepts, a 120-page propaganda addend
President Obama announced Tuesday night “that the American combat mission in Iraq has ended” in a grim little speech from the Oval Office. He spoke for 18 minutes and managed to avoid asking - - let alone answering - - any essential questions about t
Cash for Clunkers? Why can’t we apply the economic magic of the Obama Administration to the home market, and launch a “Dollars for Dumps” program? From a new feature: Impertinent Questions.