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POPSU.S. to Lose $400 Billion on Fannie, Freddie, Wallison Says by
merrie Yesterday 12:30 AM 
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“The situation is they are losing gobs of money, up to $400 billion in mortgages,” Wallison said in a Bloomberg Television interview. The Treasury Department recognized last week that losses will be more than $400 billion when it raised its limit on federal support for the two government-sponsored enterprises, he said. Lax regulation of Fannie Mae and Freddie Mac led to the mortgage companies taking on too many risky loans, Wallison said. “It turns out it was impossible to regulate them,” he said. “They were too powerful.” He said no one knows how much will be needed to keep the companies solvent. U.S. to Lose $400 Billion on Fannie, Freddie, Wallison Says - Bloomberg.com http://bit.ly/8FhHPH
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POPSAbolishing the Federal Reserve Jim Rogers (CNBC) take on the Fed. Interesting VIdeo! * * * * * * * * * * "When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." - Napoleon Bonaparte, 1815
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POPSPirates Set Up An Exchange to Manage Their Investments
"The shares are open to all and everybody can take part, whether personally at sea or on land by providing cash, weapons or useful materials ... we've made piracy a community activity." Haradheere, 400 km (250 miles) northeast of Mogadishu, used to be a small fishing village. Now it is a bustling town where luxury 4x4 cars owned by the pirates and those who bankroll them create honking traffic jams along its pot-holed, dusty streets. Somalia's Western-backed government of President Sheikh Sharif Ahmed is pinned down battling hard-line Islamist rebels, and controls little more than a few streets of the capital. The administration has no influence in Haradheere -- where a senior local official said piracy paid for almost everything. "Let the anti-piracy navies continue their search for us. We have no worries because our motto for the job is 'do or die'." Piracy investor Sahra Ibrahim, a 22-year-old divorcee, was lined up with others waiting for her cut of a ransom pay-out
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POPSBillionaires Agree On Plan To Rid Earth Of A Billion People At a conference in Long Beach, California, last February, he had made similar points. “Official projections say the world’s population will peak at 9.3 billion but with charitable initiatives, such as better reproductive healthcare, we think we can cap that at 8.3 billion,” Gates said then.
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POPSSomeone tell Obama: Americans did not cause the financial crisis, the world's central banks did
"Every economic bust demands scapegoats. And you can always bet your bottom dollar that politicians and journalists will be the ones leading the mob. (One need only recall the Democrats' recent efforts at whipping up hatred against bankers for confirmation of this dismal fact). But all said and done, you can never beat a good conspiracy story. And that is basically what Simon Johnson* has given us. According to this brilliant student of economic history America is facing elite business interests — financiers, in the case of the U.S. — played a central role in creating the crisis, making ever-larger gambles, with the implicit backing of the government, until the inevitable collapse. More alarming, they are now using their influence to prevent precisely the sorts of reforms that are needed, and fast, to pull the economy out of its nosedive. The government seems helpless, or unwilling, to act against them. (The Quiet Coup, The Atlantic, May 2009). "
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POPSTea Parties about Far More than Taxes Not only has President Obama upped the ante on the failed policies of FDR and Lyndon Johnson, he has gone on an apology tour of Europe, bowed to a Saudi King, and promised billions more of our hard-earned money to global entities over which we have absolutely no control. At a time when we Americans in the vast middle write checks to our federal government as we try to balance household budgets already stretched to the max, we read about the Obamas flying in a pizza chef and Michelle hiring her own full-time makeup artist to go with her already full-time hairstylist. And we're stuck with a mainstream media complex so in bed with the new administration that they lavish us with nonstop commentary on the Obamas' new dog, the swing set on the White House grounds, the organic garden of the new First Lady and the exploits of the first mother in-law.
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POPSObama Wants to Control the Banks If the banks are forced to keep TARP cash -- which was often forced on them in the first place -- the Obama team can work its will on the financial system to unprecedented degree. That's what's happening right now. Here's a true story first reported by my Fox News colleague Andrew Napolitano (with the names and some details obscured to prevent retaliation). Under the Bush team a prominent and profitable bank, under threat of a damaging public audit, was forced to accept less than $1 billion of TARP money. The government insisted on buying a new class of preferred stock which gave it a tiny, minority position. The money flowed to the bank. Arguably, back then, the Bush administration was acting for purely economic reasons. It wanted to recapitalize the banks to halt a financial panic. Fast forward to today, and that same bank is begging to give the money back. The chairman offers to write a check, now, with interest.
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POPSTreasury Secretary Geithner's Elite Global Connections The Group of Thirty and heads of central banks of the world. He also used to work for Henry "new world order" Kissinger. See article for much more. Michael Savage even exposed this further on his radio program saying this is an indication at where things are going. This is a hint to the coming globalization of the banking system, not just nationalization of some US banks. PM Gordon Brown and the G8 meetings have indicated movement the same direction. Geithner is not in office really to help the economy...but to help the banksters....who are in control of the governments, and consolidating power. After all, he came from the Federal Reserve Bank of NY.
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POPSReporter's diary: Savouring Davos "If their customers could see them the frustration would be tangible and, I suspect, often violent." A rather cynical view of the bankers etc at a freebie
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