Posted on 01/16/2009 2:00:43 PM PST by shielagolden
Iran said to buy high-performance metals: report Lloyds pays $350m to end US case BBC NEW YORK (Reuters) – U.S. security and law enforcement officials say they have new evidence of efforts by Iran to evade sanctions and acquire metals from China used in high-tech weaponry, The Wall Street Journal said on Friday.
The United States has sought tougher U.N. sanctions against Iran to halt its nuclear program, which Western nations believe is designed for making weapons. Tehran says the program is aimed at increasing its civilian power capacity.
The newspaper said it had seen a series of recent e-mails and letters detailing contacts between Iranian companies and foreign suppliers.
(Excerpt) Read more at news.yahoo.com ...
One of the more egregious line items is the $1 billion allocation for community development block grants (CDBG). These are slush funds that liberal groups like La Raza and ACORN use to subsidize their operations.
You bet your ass TARP money was use
FACTBOX: Where has the U.S. bailout money gone?
Fri Jan 16, 2009 6:39am GMT Email | Print | Share| Single Page[-] Text [+] (Reuters) - The U.S. Treasury said on Friday it would draw on the government’s $700 billion financial rescue fund to buy $20 billion in preferred shares of Bank of America Corp to help the bank absorb Merrill Lynch & Co.
The capital injection is part of a larger plan by the Treasury, U.S. Federal Reserve and Federal Deposit Insurance Corp to backstop $118 billion in bad assets held by the bank, which has already received $25 billion from the fund.
The Treasury has already disbursed $271.7 billion from the so-called Troubled Asset Relief Program (TARP) to shore up the banking system and faltering U.S. automakers, and billions more have been pledged for particular uses.
Congress approved the program in early October, but it initially granted Treasury access to only half the funds.
However, the Senate on Thursday voted down a resolution that would have blocked access to the remaining $350 billion, freeing up the funds for U.S. President-elect Barack Obama, who takes office on Tuesday.
Following is an outline of what has been spent or pledged from the funds so far:
— $250 billion pledged for purchases of senior preferred shares and warrants in banks and thrifts.
In a report on transactions through January 9, the Treasury said it had completed equity purchases totaling $192.3 billion in 257 institutions under this portion of the program.
— $20 billion pledged for Bank of America, in addition to $25 billion for the bank already disbursed under the $250 billion plan to shore up bank capital.— $40 billion investment in troubled insurer American International Group.
— $20 billion investment in Citigroup.
— $19.4 billion to prop up the U.S. auto industry. The amount includes $10.4 billion in loans to General Motors Corp, including $1 billion for GM to help its financing affiliate GMAC reorganize as a bank holding company; a $4 billion loan for Chrysler LLC; and a $5 billion direct investment in GMAC. GM could qualify for a further $4 billion loan in March.
— $5 billion pledged to cover potential losses on a $306 billion portfolio of Citigroup mortgage-related assets.
— $20 billion pledged to cover potential losses for a Federal Reserve program aimed at improving consumer access to credit.
its time the Federal Reserve ,Treasury to tell us , Where has the US bailout money gone? , china
If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” - Thomas Jefferson
“The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction... I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity... is but swindling futurity on a large scale.”
- Thomas Jefferson
“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.”
- Thomas Jefferson
“... To take a single step beyond the boundaries thus specially drawn around the powers of Congress is to take possession of a boundless field of power, no longer susceptible of any definition. The incorporation of a bank, and the powers assumed by this bill [chartering the first Bank of the United States], have not, been delegated to the United States by the Constitution.”
- Thomas Jefferson - in opposition to the chartering of the first Bank of the United States (1791).
Your posts have nothing to do with the article.
Read the article.
Huh? I think you started responding to the wrong article....
The article I am seeing is on Iran buying weapons grade material, your responses are on the US banking system and the federal reserve. Is this a technical glitch, are you seeing the same thing?
Shiela, I’ve read the article and your posts are about some other thread.
I even alerted the admins to check their database indexing because your many posts got posted to the apparently “wrong” article.
Can you point out where in the Iranian metal purchase article a single line of your many responses references?
Bunker Buster time !!!
The Money Masters - How International Bankers Gained Control of America
http://video.google.com/videoplay?docid=-515319560256183936&hl=en
“I believe that banking institutions are more dangerous to our liberties than standing armies.
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