Posted on 03/04/2010 8:19:10 AM PST by Arthur Wildfire! March
While most of the world is recovering economically, the US continues to flounder. Greece is highly unionized. Result? Chaos.
Is that our trial canary? We know that tax cuts work. Please feel to help with informative / shocking links regarding economics, government budgeting, what triggered the meltdown, Obama-nomics, and/or Greece.
Obama-Graham partnership emerges in climate debate (McLame’s lap dog says Obama “reasonable”)
http://www.freerepublic.com/focus/news/2468585/posts?page=2
Government is not reason; it is not eloquence; it is force. Like fire, it is a dangerous servant and a terrible master.
-George Washington
Fannie, Freddie’s $125 billion tab still growing (Once again Obama lies)
http://www.freerepublic.com/focus/f-news/2468617/posts
Soros Roundup [also includes Paulson]
George Soros Criticizes President Obama’s Handling of the Financial Crisis
http://www.freerepublic.com/focus/news/2468929/posts?page=14
Hedge Fund Exchange: Soros, Paulson Hedge Fund to be Investigated ...
http://wallstreetpit.com/18372-soros-paulson-hedge-fund-to-be-investigated-for-bets-made-on-demise-of-the-euro
http://www.newser.com/story/82280/feds-investigate-whether-hedge-funds-sank-euro.html
Was this payback for Soros mouthing off?
Justice Department Probes Hedge Funds for Short Selling Euro ...
Mar 5, 2010 ...
“Feds Investigate Whether Hedge Funds Sank Euro ... of hedge funds that may have colluded to short-sell the euro, driving down its value and driving up their profits. Justice sent a letter to SAC, Greenlight, and Soros—among others—the ... and pushed other firms to join his in shorting the currency. ...”
I misfiled one link about Obama investigating Soros for Euro currency short selling shortly after Soros started mouthing off. Will look for that next. As for now ...
Obama Helps Soros Drill For Oil In Brazil | Sweetness & Light
http://sweetness-light.com/archive/obama-helps-soros-drill-oil-in-brazil
Michelle Malkin » Obama, Soros, Petrobras, Brazil & offshore ...
http://michellemalkin.com/2009/08/19/obama-soros-petrobras-brazil-offshore-drilling-double-standards
Just Piper found some interesting things. Here’s one:
http://www.freerepublic.com/focus/news/2437390/posts?page=926#926
Who’s Behind the Financial Crisis? (Soros)
Thought you might want a glance at this thread too, FRiend. Now I’ll cut back on torturing you. — FRegards ...
[Zero is focusing on our economy like a laser? Or a death ray?]
CLIMATEGATE: The Global Warming Cover Up Spreads to NASA
http://www.freerepublic.com/focus/f-news/2469446/posts
[Zero is focusing on our economy like a laser? Or a death ray?]
Efforts to reduce lead exposure will add costs to some home remodeling projects
http://www.freerepublic.com/focus/chat/2469464/posts?page=1
“You can bet that 1/3 of all renovation projects are going to be affected by this,” said Luke Garard, certified trainer with Titan Environmental Services.
Detroit family homes sell for just $10 (Actually they’re “asking” $10 but no takers)
http://www.freerepublic.com/focus/f-news/2470318/posts
and remember:
Detroit looks at turning vacant lots into farmland to save city...
http://www.washingtontimes.com/news/2010/mar/09/detroit-looks-at-downsizing-to-save-city
Senators question $1 million pay for charity’s CEO
http://www.freerepublic.com/focus/f-news/2470851/posts
[Girls and Boys Club — other bad signs.]
From Buckeye Texan’s profile:
Lie: Republicans caused the financial crisis through deregulation
Truth: Burning Down The House: What Caused Our Financial Crisis?
http://www.youtube.com/watch?v=1RZVw3no2A4
http://www.freerepublic.com/focus/f-news/2432067/posts
Lie: Only a small percentage of banks and mortgages were subject to the Community Reinvestment Act
Truth: American Spectator - The True Origins of This Financial Crisis
http://spectator.org/archives/2009/02/06/the-true-origins-of-this-finan
The Warmers Strike Back
http://www.freerepublic.com/focus/f-news/2472769/posts
Americans Firm in Prioritizing Economy Over Environment [Gallup]
http://www.freerepublic.com/focus/f-news/2473596/posts
“Just under half of Democrats (49%) now believe “protection of the environment should be given priority”
Using Psychology To Save You From Yourself {0bamas plan for you “Behavioral Economics”}
http://www.freerepublic.com/focus/f-news/2473609/posts
Cass Sunstein, President Obama’s pick ... behavioral economics: the human “animal” is hard-wired to make errors ... people need “nudge”
NYT: China Drawing High-Tech Research From US
http://www.freerepublic.com/focus/chat/2473614/posts?page=1
Obamacare bribes / backroom deals:
http://www.freerepublic.com/focus/news/2437390/posts?page=1191#1191
ObamaCare Vote Kickback Scheme
http://www.freerepublic.com/focus/news/2474466/posts?page=1
IRS will police health care (Commiecare™ fine print)
http://www.freerepublic.com/focus/f-news/2478257/posts
[Stacy in Atlanta on Rush] Healthcare industry is already on verge of meltdown:
http://www.freerepublic.com/focus/news/2437390/posts?page=2625#2625
Remember Hillary’s short sale of drug stocks? Blast from the past:
http://www.freerepublic.com/focus/news/2437390/posts?page=2673#2673
One Grand Deal Too Many Costs (pharma) Lobbyist (Billy Tauzin) His Job
http://www.freerepublic.com/focus/f-news/2450632/posts
Geithner says Fannie, Freddie overhaul must wait
http://www.infowars.com/geithner-says-fannie-freddie-overhaul-must-wait/
AFP | US Treasury Secretary Timothy Geithner on Tuesday swatted aside pressure for a swift reform of troubled government-backed mortgage giants as data pointed to a still struggling real estate market.
Underemployment At Record 20% According To Gallup
http://www.infowars.com/underemployment-at-record-20-according-to-gallup/
Zero Hedge | Unlike the Dept of Labor’s arcane voodoo which lately is based more on executive confidential memos and snowfall observations, Gallup’s underemployment measure is based on more than 20,000 phone interviews.
Health-Care Stocks Up After House OK’s Obamacare [that will change]
http://www.infowars.com/health-care-stocks-up-after-house-oks-obamacare/
Dow Jones Newswires | Health-care stocks led the stock market higher Monday after the U.S. House Sunday approved a historic health-care.
60 Minutes Exposes United States Financial Collapse ~VIDEO
http://articles.mercola.com/sites/articles/archive/2010/03/30/60-minutes-exposes-united-states-financial-collapse.aspx
In this 60 Minutes report, you’ll learn about a handful of Wall Street outsiders who realized the subprime mortgage business was a house of cards and found a way to bet against it. Michael Lewis talks about the current situation on Wall Street, the large bonuses still being paid and his predictions for the future of the industry.
Michael Lewis was also interviewed on Charlie Rose on March 16th. To see that video, please see this link.
The second video details the tactics employed by Lehman Brothers to effectively hide their crumbling financial status.
I’d like to note that the 60 Minutes report was sponsored by Pfizer, and features a prominent ad for Lipitor off to the side of the Web page. Isn’t it interesting that one of the largest industries responsible for the collapse of the economy is sponsoring this?
This is the company that has distorted and manipulated the truth so that people will pay hundreds of dollars for worthless and dangerous drugs that in no way, shape or form address their health issue, yet they are hoodwinked into believing that if they don’t take them their life is at stake. [snip]
Thanks a Lot, JP Morgan Chase
http://www.freerepublic.com/focus/f-chat/2488101/posts
JPMorgan Chase instructed homeowners to stop making mortgage payments, as that was the only way to be considered for a loan modification, then repossessed their house when they followed the bank’s advice, a couple claims in Federal Court. “I’ve seen this happen to so many people,” their attorney said. [snip]
The Soros 26 — Secret Team To Rewrite Economics
http://www.infowars.com/meet-the-26-members-of-george-soross-secret-team-to-rewrite-economics
Business Insider | George Soros has brought together a crack team of the world’s top economists and financial thinkers.
SHOCK: Medicare scheme involving adult diapers...
http://www.chron.com/disp/story.mpl/metropolitan/6945922.html
Protests as Gallaudet University plans offensive homosexual “Jesus” play with federal tax dollars
http://www.freerepublic.com/focus/f-bloggers/2487496/posts
Obama Economic Adviser Says U.S. Should Consider ‘Value Added Tax’
http://www.freerepublic.com/focus/f-news/2488163/posts
[More taxes? How ‘shocking’.]
I’m a goin to stay where you sleep all day
Where they hung the jerk that invented work
In the Big Rock Candy Mountains
I’ll see you all this coming fall in the Big Rock Candy Mountains
[How about that for satire of the left? This Fall, Super Tuesday.]
Big Rock Candy Mountain
http://www.bluegrasslyrics.com/all_song.cfm-recordID=s29253.htm
L.A. mayor calls for temporary shutdowns of some agencies
http://www.freerepublic.com/focus/news/2488562/posts?page=17
Jobless claims soar
http://www.freerepublic.com/focus/news/2489030/posts?page=14
Greenspan Blasts Fannie, Freddie Fix - WSJ.comAug 14, 2008 ...
http://online.wsj.com/article/SB121865515167837815.html
Alan Greenspan faults the US’s approach in fixing Fannie Mae and Freddie Mac, saying the credit crisis offered an ideal opportunity to ...
online.wsj.com/article/SB121865515167837815.html
Brooksley Born Excoriates Alan Greenspan: “You Failed”
http://www.freerepublic.com/focus/news/2488726/posts?page=8
“At today’s Financial Crisis Inquiry Commission hearing, Brooksley Born, the former head of the Commodity Futures Trading Commission, declared Alan Greenspan’s tenure at the Federal Reserve an unmitigated failure – to his face. Greenspan accords a certain degree of respect on Capitol Hill, despite Born’s accurate take on his many failures, and so this outburst was highly unusual – and gratifying.
Born, who pushed to strictly regulate derivatives under the Clinton Administration, but lost the battle to, among other people, Alan Greenspan, told the former Federal Reserve chair that his agency “failed to prevent housing bubble, failed to prevent the predatory lending scandal, failed to prevent the activities that would bring the financial system to the verge of collapse.”
“You failed to prevent many of our banks from consolidating and growing to a size that are now too big or too interconnected to fail,” Born added. She added that Greenspan’s views on deregulation, which he took as an article of faith, contributed to the Federal Reserve’s failure in delivering on its mandate.” [snip]
Brooksley Born
http://en.wikipedia.org/wiki/Brooksley_Born
“..Born was particularly concerned about swaps, financial instruments that are traded over the counter between banks, insurance companies or other funds or companies, and thus have no transparency except to the two counterparties and the counterparties’ regulators, if any. CFTC regulation was strenuously opposed by Federal Reserve chairman Alan Greenspan, Treasury Secretaries Robert Rubin and Lawrence Summers.[4] On May 7, 1998, former SEC Chairman Arthur Levitt joined Rubin and Greenspan in objecting to the issuance of the CFTC’s concept release. Their response dismissed Born’s concerns off-hand and focused on the possibility that CFTC regulation of swaps and other OTC derivative instruments would increase legal uncertainty of such instruments, potentially creating turmoil in the markets, and reducing the value of the instruments. Further concerns voiced were that the imposition of new regulatory costs would stifle innovation and push transactions offshore.[7]..”
Credit Default Swaps were huge in the meltdown.
5 posted on Wednesday, April 07, 2010 6:02:22 PM by Anti-Bubba182
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.