Shocking! Fed Audit Reveals 16 Trillion Given Out In Only 30 Months

Uncategorized 34 Comments

What was revealed in the audit was startling:
$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010. Virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious – the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.
In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars. As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion.
The List of institutions that received the most money from the Fed in a detailed article HERE
Details of the overwhelming bipartisan House Vote for the Rep. Ron Paul (R-Texas) Bill to Audit the Fed HERE

Hitting back, twice as hard.*

2012 16 Comments

Putting the fun back in politics.

The Republican Party has never done anything like this before, and is showing an ability to adapt both to the new media era and to the Alinskyite “community organizing” tactics of Obama himself. Amidst the fun and fanfare, the counter-conventioneers will push a pointed message, asking Democrats and Americans in general whether they feel they are better off than they were four years ago–a key question in re-election campaigns.

* Shamelessly stolen from Prof. Reynolds
Update: Republicans hand out Legos at DNC

A Tale of Two Black Women

2012 10 Comments

The 2012 electoral cycle in America is going to be memorable for several reasons. One of them will be the divergent views of Black Americans. Let’s contrast two of them:
Mia Love
– Former councilwoman and mayor of Saratoga Springs, Utah
– Republican congressional candidate from Utah
– Speaker at the 2012 RNC
– Here’s her talking with Mark Levin
Nomalanga Mhlauli-Moses
– Businesswoman and professional development coach in Boston, Massachusetts
– Founder of the Successful Black Woman website
– Reigning Mrs. Botswana and 3rd place winner at Mrs. Earth Pageant
Here’s what Ms. Mhlauli-Moses recently had to say about Paul Ryan. It’s well worth a read and provides a startling contrast with the views of Mia Love.

Three days? How about four years?

2012 20 Comments

“Yes or no? Are Americans better off today then they were four years ago?”
Shorter Plouffe: “Hemmm, Haw, Urggle.”

Asked about actor/director Clint Eastwood’s attention-grabbing Republican convention speech, Plouffe praised the actor/director’s career work and added, ”the Romney campaign would probably not, three days after their convention, [prefer] still having questions being raised about Clint Eastwood.”

I’m thinking that the Republicans are dealing with the Eastwood’s performance quite well and don’t mind at all the empty chair becoming a meme. In fact, I think they enjoy those questions quite a bit more than the Democrats do about questions regarding the prosperity of Americans.
Related.
Flashback:

h/t: @DRUDGE_REPORT

Death At The Racetrack

Equine 26 Comments

The Star;

In Ontario, a rising death knell for the financially gutted industry — facing track closures and withering purses in a best-case scenario — also peels for the beautiful four-legged creatures who carry jockeys and pull sulkies around 17 racing ovals.
A government panel assembled in June to study the sport’s dim future has forecast a mass slaughter of up to 13,000 thoroughbreds, standardbreds and quarter horses by early next year should the industry collapse completely. Already, it’s expected two-thirds of Ontario tracks will close, there will be fewer racing days, less money in the prize pot and therefore, less reason for owners and breeders to maintain expensive animals who may not have a place to run.
Against this horrific assessment, the finest 387 Ontario-bred thoroughbred babies go up for auction beginning Monday at Woodbine Racetrack. Horse people are worried, says thoroughbred owner and trainer Ian Howard of Vaughan.”

Reading the comments there, it seems The Star’s readers equate “revenue sharing from slots” with “taxpayer dollars”. Not the brightest group, that.
If Joe Molnar is around, he’s going to have plenty to say in the comments.
h/t Maz2

Are There Different Kinds of Envy?

entitlement generation 19 Comments

Today Roy Green had a guest host named Geoff Currier. One of the topics was the fight between Ontario Premier Dalton McGuinty and the Ontario Teachers’ Unions.
During a discussion with Buzz Hargrove, Currier posited the notion that much of what’s driving North America’s political battles these days is “envy”. Perhaps he was deliberately being provocative in order to generate callers, but he suggested that there’s really no difference between the envy felt by Occupy protesters and that felt by private sector employees towards public sector unionized workers.
You can listen to the discussion here beginning at 17:45. Note: Prior to ever listening to Buzz Hargrove, it’s often advisable to wear some sort of helmet to prevent damage when smashing one’s head against the wall.

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