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Gold And Silver Best Protection Against The $100 Trillion Bailout Stock-Markets / Credit Crisis Bailouts Oct 15, 2010 - 01:08 PM By: DeepCaster LLC “Remember How We Saved the Banks So They Would Keep Lending to The ‘Real Economy’”? - Henry Blodgett, Business Insider, 6/2/10 “If you've never heard of a "Cram Down", you are about to get a first hand lesson on the receiving end of the biggest one in history… These situations are always governed by the Golden Rule, those with the gold make the rules -- the party putting in the new money names the terms… Today,...

If the Democrats succeed in passing ObamaCare next week, they could indeed usher in a new era - but not the one they want. The conventional wisdom (which President Obama and I apparently share) is that any entitlement bill, no matter how bad, will remain on the books once it's passed. But we've never had an entitlement bill opposed by four-fifths of the electorate, rammed through on a partisan vote that requires a highly dubious parliamentary maneuver. And one that will add trillions to the public sector deficits at a time when people are already worried about government spending. So...

Trying to revive languishing health-care legislation, the White House proposed Monday that a tax on high-end health plans be delayed for all workers, not just those in unions, and suggested new taxes to help make up for the lost revenue. President Barack Obama will carry the proposal, an attempt to bridge differences between bills passed by the House and Senate last year, into a bipartisan meeting with congressional leaders on Thursday, as Democrats try to regain momentum and push their legislation through final passage in Congress. Republicans are planning to bring their own ideas to the meeting, and aides said...

Democrats in Washington yesterday pressed ahead with their ill-advised efforts to control one-sixth of the US economy through a massive overhaul of the nation's health-care system. And the public be damned. That's right: A new Rasmussen poll shows support for "reform" slipping to just 41 percent, the lowest level ever -- while opposition has risen to 56 percent. Yet congressional Democrats seem to be chomping at the bit to push through some kind of package. True, a tiny morsel of common sense prevailed yesterday when the Senate Finance Committee voted down two amendments to Chairman Max Baucus' bill. The amendments...

It is possible, but not yet clearly probable, that Senate Democrats may seek to ram through Health Care Reform without the sixty votes necessary to prevent a Republican filibuster. Although on paper Democrats had sixty Senate seats after Al Franken was admitted to the Senate that is not enough for the three fifths majority needed for cloture. Teddy Kennedy is no longer in the Senate and his seat will be filled either by hypocritical legislative action, or by a special election. Robert Byrd of West Virginia is almost 92 years old and in very frail health. His presence in the...

Frank Considers Cramdown LawRep. Barney Frank, D-Mass., said slow progress in assisting troubled homeowners could lead to a new push to change bankruptcy laws. By United Press International September 10, 2009 WASHINGTON, Sept. 10 (UPI) -- Influential congressman Barney Frank, D-Mass., said slow progress in assisting troubled homeowners could lead to a new push to change bankruptcy laws. Frank, chairman of the House Committee on Financial Services, said Congress should revisit the issue of allowing bankruptcy judges to modify mortgages if the banking industry does not increase the pace of its help to homeowners, The Washington Post reported Thursday. The...

The truth, as they say, is out there. It's just a matter of doing a little research. But we don't always have a lot of spare time for research. Especially when it comes to things like the massive Health Care bill the Obama administration has been trying to ram through Congress the past few weeks. Given enough time, the public would eventually become privy to some of the more questionable measures that are lurking in this bill, and give Obama a vote of no confidence, despite the fact that he may already have the votes to subject an uneasy populace...

The power of a united minority was on beneficial display yesterday, as Senate Republicans defeated the budget bankruptcy "cramdown" bill. Credit goes to Arizona's Jon Kyl and Minority Leader Mitch McConnell, who kept their party together to beat destructive legislation that had easily passed the House and was one of President Obama's housing priorities. The cramdown would have allowed bankruptcy judges to rewrite contracts to reduce the amount that people owe on their mortgages. But a bipartisan majority understood that relief for today's troubled borrowers would be paid with higher rates on the next generation of homeowners, as lenders priced...

IN a call with President Obama Tuesday morn ing, Sen. Arlen Specter declared: "I'm a loyal Democrat." Given that Specter already broke with the party once -- he left to become a Republican in 1965 -- one could forgive Obama for waiting to see whether the Pennsylvanian will keep this latest pledge. A few tests coming up should help Democrats determine quickly whether they've gained a loyal foot soldier. Of course, Specter's already made clear that he serves only one master: his own interests. But to keep from looking too cravenly self-serving, he must avoid inconsistencies that would provide fodder...

Mortgage "cramdown" laws needed: Warren Mon Apr 27, 2009 7:20pm EDT WASHINGTON (Reuters) - The head of a U.S. financial bailout watchdog panel said bankruptcy judges must be allowed to reduce home mortgage debt or the Obama administration's housing rescue efforts could fail in the areas where they are most needed. Elizabeth Warren, who chairs the Congressional Oversight Panel for the Troubled Asset Relief Program, told the Reuters Global Financial Regulation Summit in Washington on Monday that her biggest concern about the housing plan was the "failure to deal with underwater mortgages". The Obama administration's refinancing aid so far will...

Join us for an appearance by Senator Chris Dodd and Representative Joe Courtney for Health Care Forum. Find out about the health care plan. A great opportunity to show Dodd and Courtney how you feel about their performance in Washington.

Most congressional Democrats say the quickest way to save homeowners like Troy Butler of Saginaw, Mich., is to let them declare bankruptcy and allow judges to dictate new mortgage terms. Easy, except the lenders that would absorb the pain — and lose control of any deals to ease the terms — do not want to get dragged into bankruptcy court by millions of overextended borrowers.