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Reached by phone at his home in Southern California, Nowrasteh affirmed to WND he consulted with Patterson and gave him a preview of the drama During the interview this morning, Nowrasteh took a moment to watch as President Clinton's image turned up on his nearby TV screen to criticize the movie. The director did not want to respond directly to Clinton's comments, but offered a general response to critics. "Everybody's got to calm down and watch the movie," Nowrasteh told WND. "This is not an indictment of one president or another. The villains are the terrorists. This is a clarion...

Sunday, October 23, 2005 The $10 Billion REFCO Smoking Gun The listing for the assets and liabilities of REFCO was just made available, and guess what just happens to be hiding in the liabilities column? A $10 billion liability, at TODAY's mark to market valuation, called "Securities sold, not yet purchased." $10,590,379,000 - to be precise. Securities that have been sold. But they haven't been bought. Welcome to the wonderful world of naked short selling. Now, one might say, "hey, wait a minute, but Thompson of the DTCC said it's only a $6 billion per day problem." Only.

Thursday, Sept. 22, 2005 11:15 p.m. EDT President Bush: Clinton Weakness Led to 9/11 President Bush fired back at ex-president Clinton on Thursday, saying the weak U.S. response to terrorist attacks that took place mostly during the Clinton administration encouraged al Qaida to launch the 9/11 attacks. "The terrorists saw our response to the hostage crisis in Iran, the bombings in the Marine barracks in Lebanon, the first World Trade Center attack, the killing of American soldiers in Somalia, the destruction of two U.S. embassies in Africa and the attack on the USS Cole," Bush noted, after getting an update...

Aug 25, 2005 12:42:00 AM financialwire.net via COMTEX August 25, 2005 (FinancialWire) With JPMorgan Chase & Co. (NYSE: JPM), Deutsche Bank AG (NYSE: DB), Goldman Sachs Group Inc., Morgan Stanley (NYSE: WMD) and Merrill Lynch & Co. (NYSE: MER), who dominate the credit-derivatives market, reportedly among 14 banks being called on the carpet by the NY Fed over "unconfirmed trades," and a super task force of regulators reportedly auditing the top brokerages over allegations of illegal naked short selling, it could soon be "SHO and tell" time. Regulators are smarting over allegations that they gave super hedge funds a free...

George Bush and the federal government are not to blame for the disaster we have witnessed in the aftermath of Hurricane Katrina. In fact, the primary responsibility for the disaster response lies with New Orleans Mayor Ray Nagin, Louisiana Governor Kathleen Blanco and other local officials. Yet leading Democrats and their allies in the major media are clearly using this disaster for political purposes and ignoring one obvious fact. This fact – which needs to be repeated and remembered – is that in our country, state and local governments have primary responsibility in dealing with local disasters. The founding fathers...

Who's Really to Blame for Katrina Chaos? Geoff Metcalf Monday, Sept. 5, 2005 Discontent is the want of self-reliance: it is infirmity of will. – Ralph Waldo Emerson The tragedies of Hurricane Katrina continue, and help, aid and assistance are belatedly trickling into the devastated area. In addition to the ubiquitous visual images of flood-ravaged victims, two equally disturbing images supplement the graphic catastrophic images: We hear local authorities spin their complicity in problems with blame casting. We see assorted special-interest elements exploiting the natural disaster to further personal, professional and political agendas. Former Oklahoma Governor Frank Keating recently uttered...

What’s worse than Enron and Worldcom? STOCKGATE, the biggest scandal to hit the markets yet! By: Kevin M. West Americans saw the television airwaves lit up this week with closure coming to the Worldcom fiasco by way of the CEO finally being held accountable for the crimes committed. Now we can finally sit back and say to ourselves “justice has prevailed and our SEC is really on top of their game”. Or can we? The SEC has gone after Worldcom, Martha Stewart and Enron, but what about the biggest fraud in the market? Are they attempting to really go after...

A Dozen Answers From Dr. Byrne By Patrick Byrne August 24, 2005 On Aug. 18, Seth Jayson wrote an article that asked 12 questions of Overstock.com (Nasdaq: OSTK) CEO Patrick Byrne. Dr. Byrne graciously responded. The Motley Fool has edited Dr. Byrne's comments, mostly for brevity and clarity, but granted Dr. Byrne the ability to accept or reject the final article. That you see this online is evidence that Dr. Byrne has acceded to its publishing in this form. The thoughts expressed below are Patrick Byrne's and do not represent the views or positions of The Motley Fool or its...

StockGate: Is All Heck About To Break Loose? via COMTEX Aug 25, 2005 12:42:00 AM Aug 25, 2005 (financialwire.net via COMTEX) -- August 25, 2005 (FinancialWire) With JPMorgan Chase & Co. (NYSE: JPM), Deutsche Bank AG (NYSE: DB), Goldman Sachs Group Inc., Morgan Stanley (NYSE: WMD) and Merrill Lynch & Co. (NYSE: MER), who dominate the credit-derivatives market, reportedly among 14 banks being called on the carpet by the NY Fed over "unconfirmed trades," and a super task force of regulators reportedly auditing the top brokerages over allegations of illegal naked short selling, it could soon be "SHO and tell"...