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POPSOhio Democrats Invite Palin TO Campaign From the source: COLUMBUS - Today, the Ohio Democratic Party sent the following letter to former Alaska Governor Sarah Palin, inviting her to campaign for John Kasich during her upcoming book tour stop in Columbus on November 20.
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POPSWall Street's Naked Swindle This was a brokered bloodletting, one in which the power of the state was used to help effect a monstrous consolidation of financial and political power. Heading into 2008, there were five major investment banks in the United States: Bear, Lehman, Merrill Lynch, Morgan Stanley and Goldman Sachs. Today only Morgan Stanley and Goldman survive as independent firms, perched atop a restructured Wall Street hierarchy. And while the rest of the civilized world responded to last year's catastrophes with sweeping measures to rein in the corruption in their financial sectors, the United States invited the wolves into the government, with the popular new president, Barack Obama — elected amid promises to clean up the mess — filling his administration with Bear's and Lehman's conquerors, bestowing his papal blessing on a new era of robbery. Read the whole nasty sociopathic scam
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POPSGreenspan foresees Rise in Unemployment He went on: “And remember that what makes an economy great is a combination of the capital assets of the economy and the people who run it. And if you erode the human skills that are involved there, there is a real and in one sense an irretrievable loss.” The “silver lining” to the jobs report, he said, is that after the collapse of Lehman Brothers last year and a plunge in stock markets, businesses laid off too many people in anticipation of a drastic slowdown in the economy. Some of those jobs will have to be restored. “At some point we’re going to start to see an improvement in employment,” he said.
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POPSPeter Schiff: Archives Introduction: Peter Schiff is one of the few non-biased investment advisors to have correctly called the current bear market before it began and to have positioned his clients accordingly.
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POPSReform or Bust But now that we’ve stepped back a few paces from the brink — thanks, let’s not forget, to immense, taxpayer-financed rescue packages — the financial sector is rapidly returning to business as usual. Even as the rest of the nation continues to suffer from rising unemployment and severe hardship, Wall Street paychecks are heading back to pre-crisis levels. And the industry is deploying its political clout to block even the most minimal reforms.
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POPSIndymac Bank Read more details about IndyMac Bank, a bank that provides a number of home mortgage products that are mostly first lien residential loans and huge full-documentation loans and home equity lines of credit.
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POPSNO CHANGE ON WALL-STREET=MORE PROBLEMS TO COME The refusal to sign on with Europe for stronger regulation of the financial markets, America and England are set to screw the world again. The House and the Senate have no backbone and think Americans are stupid.
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POPSEconomic signs: Washington may have gotten it right "evidence is now pointing pretty strongly in one direction: history books may conclude that the financial crisis of 2008 turned out to be far less bad than it could have been and that Washington deserved much of the credit"
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POPSTime for Congress to Start Issuing Subpoenas
Pulling the TARP over taxpayers' eyes By: Michael Barone Last fall, former Treasury Secretary Hank Paulson told shocked Americans that the $700 billion TARP had to be passed immediately but not to worry because taxpayers would eventually make money on the investments as banks and other institutions getting bailout money paid it back. To the contrary, Barofsky said, not only are banks hoarding TARP funds, it is "very unlikely" that most of the TARP money will ever be repaid, let alone turn a profit. The hastily passed bill included minimal reporting requirements, so a third of all TARP recipients admit they used the money to repay loans, merge with other banks, and even purchase more mortgage-backed securities from Fannie Mae and Freddie Mac - the two institutions at the heart of the housing market collapse. Some companies are even using TARP to pay off other government loans in what auditors call "bailout arbitrage." And it's all perfectly legal.
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