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POPSEconomic New World Order Emerges from Crisis Taxpayers lose as governments nationalize and intervene in banks to prevent collapse. This seems all too convenient an arrangement. They have always wanted a economic new world order and now, they say, is the time to do it. This financial crisis and the reaction of governments will go down as a major historical event that changed the world. Meanwhile, while the financial sectors are in throws, gas prices for consumers are dropping and there is still credit and loans to be obtained at good interest rates despite all their propaganda to scare up support for these interventions by governments.
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POPS Follow The Money!by
merrie Yesterday 11:12 PM 
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If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole. John McCain, May 26, 2005
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POPSFollow The Money & Why Fannie Mae's Reform Was Thwarted Is it any wonder that the 2005 reforms Senator McCain championed never passed? If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole. John McCain, May 26, 2005
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POPSUkraine Leader Dissolves Parliament. Parliament?
This news is so juicy -- and so deep -- that I could feast on it for weeks. But First: For My Dear Fellow Americans: Notice > Dissolve the government (temporarily), with just the mere snap of a finger. #2 > News elections - new government in two months. #3 > A small party, like say: The Greens, or Libertarians, etc. - could cause this to happen by shifting sides (and gain significant power in the process. My dear Fellow Americans, that is actual democracy. I guess I should point out, too, that's it's the second Major Move by Russia (Oh, yea...Russian is behind this)...it's the 2nd Move, after kicking back the attack from Georgia...that totally dismantles about 15 years of U.S. efforts to surround Russia, steal the oil from the Caspian Sea, etc. (All under the false flag of "spreading freedom and democracy, BTW) Repulsing the Geogian invasion was like (in chess) moving a Bishop. This Ukraine move is like moving The Queen. Attacking the missile base in Poland will
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POPSUK Rushes Bailout Plan for Troubled Banks UK moves to nationalize struggling banks. Sounds like a run on a few banks in the UK could strap them for cash. Do they have the equivalent of FDIC, are the people accounts insured by the government? The moves are to provide enough "cash on hand for day to day operations"--i.e. consumer withdrawals: To address the collapse of confidence in money markets, the standby facility should ensure big banks have enough cash to fund day-to-day operations.
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POPSBailout Might Make Things Worse * Hundreds of leading economists, including numerous Nobel prize winners, question the bailout * Former White House economist (Steve Hanke) adamantly opposes the bailout * Nobel prize economist and former chief economist of the World Bank (Joseph Stiglitz) opposes the bailout *The former Secretary of the Treasury (Paul O'Neill) questions the bailout * A prominent economist (Nouriel Roubini) says "The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown." * A highly-regarded economist (Michael Hudson) says that the bailout is a giveaway that will cause hyperinflation and dollar collapse
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POPSDemocrats Get Ripped for Bailout Bill from Their Own The author is just getting warmed up in this clip. The entire article is worth a look at. (Actually, comparing Obama to Brutus is not a good analogy, for Brutus slew a tyrant Caesar, where Obama aided and abetted the financial czars and the Fed instead of defending the republic). The politics of Obama and the fearful Dems (Pelosi) cannot be overlooked in passing the bailout (even with republicans resisting): He lobbied hard for the bill. He did so, according to some who met with him on Capitol Hill, because he feared that if he opposed the bailout and it triggered a market collapse it could cost him the election. Better to placate the thieves on Wall Street than stand up for the masses of enraged and swindled citizens.
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POPSfolding bike review: the Giant Halfway A few more foldies the writer likes: Again, there are many great folding bicycles on the market today, another sign that the bicycle industry is moving to better serve the commuter market. Great folders include the Breezer Zigzag , the Brompton , and the KHS Mocha/Latte . If you are a multimodal bicycle commuter fearful of rapid crowding on transit systems, or live in a small apartment, or lack secure bike parking and need to bring your bike into your office/workplace--you might want to consider a folding bike.
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POPSA strong condemnation based on voting record "We face a perfect financial storm,” Kucinich warned. “The elements are the deficit spending for the war of 3 to 4 trillion dollars, the trillion and more tax cuts, the war itself and the lack of serious investment in the country. We are being hollowed out. We are going to see more unemployment and more people losing their homes. With $700 billion we could have made a real investment in the country, in jobs, in infrastructure and in homes. Instead, we got robbed.”
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POPS Sen. Reid Cries 'Bankruptcy' In Front Of Reporters The SEC has been issuing subpoenas for an investigation into rumor-driven market manipulation. Of course, Harry Reid stood up in broad daylight to talk about a troubled insurer "with a name that everyone knows," so his contribution was merely obtuse. And predictably destructive. The steep drop in the share prices of insurance companies Thursday destroyed wealth for uncounted middle-class investors holding onto stock in companies still considered healthy. It calls to mind *Senator Chuck Schumer's public suggestion in July that troubled IndyMac Bank "could face collapse." It did, after a deposit run. Senator Schumer said criticizing his action was akin to blaming "the fire on the guy who called 911." The nation's shareholders would sleep better at night if some Members of Congress enrolled in Arsonists Anonymous. The $4 Billion Senator* http://online.wsj.com/article/SB121607771017452513.html?mod=article-outset-box
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POPS Thomas Sowell Opines --- Do Facts Matter? So did Bush's Secretary of the Treasury, five years ago. Yet, today, what are we hearing? That it was the Bush administration "right-wing ideology" of "de-regulation" that set the stage for the financial crisis. Do facts matter? We also hear that it is the free market that is to blame. But the facts show that it was the government that pressured financial institutions in general to lend to subprime borrowers, with such things as the Community Reinvestment Act and, later, threats of legal action by then Attorney General Janet Reno if the feds did not like the statistics on who was getting loans and who wasn't. Is that the free market? Or do facts not matter? Then there is the question of being against the "greed" of CEOs and for "the people." Franklin Raines made $90 million while he was head of Fannie Mae and mismanaging that institution into crisis. Who in Congress defended Franklin Raines?
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POPSNo.1 of the Fannie Five - Chris Dodd The Center for Public Integrity criticized Dodd for “being the leading advocate in the Senate on behalf of the accounting industry.” Political consultant and commentator Dick Morris wrote that Dodd had received more from accounting firm Arthur Andersen than any other Democrat and bore responsibility for trying to shield accounting firms from investor fraud liability in cases such as the Enron scandal. Arthur Anderson was forced to surrender its license to conduct CPA business in the US. http://en.wikipedia.org/wiki/Christopher_Dodd.
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POPSPolitics as Usual I am so glad that we can finally stop talking about issues that concern us all and start talking about personal character.
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POPSIt's wait and see after Bush signs rescue plan Here we go.. I think the markets were manipulated for a day (777) just to scare the public and the earmakrks added just to entice the rich, greedy electives.. Now that its done the parachute guys can sigh a relief, the crooks and thieves can buy their new boats while we figure out a way to plan for 3-4 thousand less in our 401k's and continue to struggle with the taxes and price of living expenses.. this is sweet isn't it?? Excuse me who works for whom??? I can see why they spend so much money trying to get elected for office cause once they do its a free ride on our backs!
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POPSDemocrat Fingerprints Are All Over The Financial Crisis ........under stricter regulatory control. In 2006, it was revealed that Fannie Mae had overstated its earnings – to which its senior executives' bonuses were linked – by a stunning $9.3billion. Between 1998 and 2003, Fannie Mae's executive chairman, Franklin Raines, picked up over $90m in bonuses and stock options. Yet Barney Frank and his chums blocked all Bush's attempts to put a rein on Raines. During the House Financial Services Committee hearing following Bush's initiative, Frank declared: "The more people exaggerate a threat of safety and soundness , the more people conjure up the possibility of serious financial losses to the Treasury which I do not see. "There were nearly a dozen hearings where we were trying to fix something that wasn't broke. Mr Chairman, we do not have a crisis at Freddie Mac and particularly at Fannie Mae under the outstanding leadership of Mr Franklin Raines."
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POPSGeorgia better be careful who they trust During a recent trade mission to Georgia, Ambassador John K. Veroneau, stressed the American government’s commitment to helping the Georgian economy regain traction. " he I spoke with are very bullish on Georgia’s future," Veroneau told EurasiaNet. "I think they see Georgia as a very strong market to be in for the long term."
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POPSWhatWouldMcCain's2005 Mortg.Bill Have Done? McCain managed to predict the entire collapse that has forced the government to eat Fannie Mae and Freddie Mac, along with Bear Stearns and AIG. He hammers the falsification of financial records to benefit executives, including Franklin Raines and Jim Johnson, both of whom have worked as advisers to Barack Obama this year. McCain also noted the power of their lobbying efforts to forestall oversight over their business practices. He finishes with the warning that proved all too prescient over the past few days and weeks.
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POPSFrom Empire to Democracy
(c0nt.)There is a much better solution to the current financial crisis. But it requires discarding what has been conventional "wisdom" for too long: that government intervention in the economy ("big government") must be avoided like the plague, because the "free market" will guide the economy towards growth and justice. Let's face a historical truth: we have never had a "free market", we have always had government intervention in the economy, and indeed that intervention has been welcomed by the captains of finance and industry. They had no quarrel with "big government" when it served their needs. It started way back, when the founding fathers met in Philadelphia in 1787 to draft the constitution. The first big bail-out was the decision of the new government to redeem for full value the almost worthless bonds held by speculators. And this role of big government, supporting the interests of the business classes, continued all through the nation's history. The rationale for taki
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