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POPS150 Top Economists Say "Hold Off" on Bailout The economists say: "not urgent right now" and "will create more problems", and "expressed alarm at the haste of lawmakers and the Bush administration to pass legislation". Alot different than what Bush stated Wed night in his "Financial WMD speech" isn't it? Read the advise of these experts who warn: ``The situation may get urgent, but it's not urgent right now. Right now it's a financial sector problem.'' Apparently this helped to slam on the brakes Thursday: Today Senator Richard Shelby, a Republican from Alabama, said he has ``five pages of the leading economists in America that wrote to me and the leadership saying the Paulson plan is a bad plan. It will not solve problems. It will create more problems.'' Not hearing that on the news are we? Ask yourself why the MSM does not quote these credible experts instead of parroting the propaganda of Bush's (Fed) speech that the entire economy will collapse without a deal now.
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POPSlawmakers promise fast action on bailout You can expect the bailout to cost many more times than even specified here, You see they have to prevent these falures before the FDIC insurance fund is used up then any new failures will be feed wolves. There saving favorites.
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POPSGates Punts Tanker Fight To Next Administration In a news release that cited “mistakes and missteps” by the Defense Department, Gates said he was terminating competition for the $35 billion contract to give the next administration full flexibility to decide how to handle the process. “Over the past seven years the process has become enormously complex and emotional — in no small part because of mistakes and missteps along the way by the Department of Defense,” Gates said. “It is my judgment that in the time remaining to us, we can no longer complete a competition that would be viewed as fair and objective in this highly charged environment.”
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POPSMemphis Real Estate - Memphis Homes - Memphis Real Estate Services Memphis Homes and Real Estate specialists offering relocation services and Memphis TN area home buying and selling services in Memphis, Germantown, Collierville, Lakeland, Bartlett, as well as all of Shelby, Fayette, and Tipton Counties. Contact us for professional assistance if you are thinking of buying or selling real estate in these areas.
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POPSThe Fed And Investment Banks
That is why large commercial banks, which have open account obligations to thousands of other banks, creditors and counterparties, can be said to be too big to fail. Applying the too-big-to-fail label to investment banks reflects a serious misunderstanding of how their business model differs from that of a commercial bank. In order to sign their agreement, the Fed and the SEC had to ignore a request by two powerful senators – Christopher Dodd and Richard Shelby, the chairman and ranking member of the Senate banking committee – who asked the two agencies in a letter last week to respect the prerogative of Congress to assign responsibilities to regulatory agencies. Instead, the two agencies have created a fait accompli that takes the question out of the hands of Congress. If Congress wants to have anything important to say about the regulation of the financial markets and the liabilities to be borne by the taxpayers, it should step in now to nullify this agreement or limit it
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POPSAngelo Mozilo's Bedfellows For the sake of its shareholders and the taxpayers who are ultimately on the hook, Fannie should immediately launch an internal investigation into the terms offered to Countrywide, and exactly what role Messrs. Johnson and Raines played in the negotiation of these terms. Did these men exert any pressure on Fannie employees to do business with Countrywide? Congress also needs a full accounting of the contacts between Countrywide and the politicians receiving favors from the lender. Did Countrywide ask for and receive assistance from the Friends of Angelo? Meanwhile, until it is clear how much Countrywide will benefit from Senator Dodd's proposed $300 billion mortgage rescue – and exactly how Mr. Dodd came to do business with Countrywide – Congress should call a halt to legislating bailouts. Taxpayers deserve no less. http://online.wsj.com/article/SB121357125417575867.html?mod=opinion_main_review_and_outlooks
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POPSBranda mustang shelby This incredible 1/12th mount perfect is a little story of hulk #CSX2431, which was one of the most famed factory-raced 289 Cobras. The actual car, which has now been insincere restored, resides in the Shelby American Museum in Colorado. The car was originally ambitious by the legendary Ken Miles, who was a panel driver for Shelby American during those days.
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POPSCongress And The Countrywide Scandal As for Republicans, most members of the Senate Banking Committee voted for the Dodd-Frank bill in exchange for reforms of Fannie Mae and Freddie Mac. The reforms, part of a deal brokered by Sen. Richard Shelby (R., Ala.), create a new regulator to establish tougher standards for the portfolio holdings of Freddie and Fannie. While both of these agencies are in dire need of reform, this deal is still a mistake. By foisting this compromise on their Republican colleagues, Democrats are holding the reform of Fannie and Freddie hostage in order to increase bipartisan support for a bailout of reckless mortgage lenders. In a free market, businesses take risks and reap either profits or losses. But markets only work when businesses are held accountable for their bad decisions. The message this proposed legislation sends to the market is clear: Big lenders like Countrywide who make bad bets can count on generous bailouts
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POPSMcCain Gaffe Alert: Katrina, Iran legislation 1. Pitches his support of Katrina investigations, when he twice voted against commission 2. Admits he's not aware of Obama's bill in the Senate, co-sponsored by Lieberman (who rips Obama for not having experience to deal with Iran), that calls for disinvestment in Iran.
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POPSThe voices in the wilderness While the inept press fawn over the words of a charlatan we should not forget that he said nothing profound. Mixed in his barrage of blame and support for hate was nothing new. The press describes this as a speech dignifying racial harmony? The call for racial harmony is empty when made with utter contempt for the feelings of all Americans while showing your support for a racist preacher with an ideology founded on racism called Black Liberation Theology. There are those speaking out. They have been speaking out for decades wihtout appealing to failure, blame, pity, and excuse-making. We should not forget them.
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POPS The 11th Commandment “Though Shalt Not Attack Fellow Republicans.” The Romney camp frames the memo as a top-10 list of McCain’s “attacks” on Republicans. It could also be called “10 instances over the last eight years when McCain got angry or lost his cool.” Oh, and the missive pays special attention to McCain’s use of four-letter words that are not H-E-double-hockey-sticks. Update: On Thursday afternoon, Romney said, “One thing I’m also gonna point out is, particularly in a Republican campaign, I’m not going to talk about the character of the people I’m running against.” He also cited Ronald Reagan’s so-called 11th commandment, something along the lines of, “though shalt not attack fellow Republicans.”
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POPSBARRETT-JACKSON COLLECTOR CAR AUCTION TO REIGNITE THE "DETROIT 3" MUSCLE CAR WARS
"These American automakers chose the Barrett-Jackson Collector Car Auction to launch their most important cars because we offer the ultimate stage to engage the most passionate consumers," said Craig Jackson, Chairman/CEO of the Barrett-Jackson Auction Company. "Our events have become the epicenter of the automotive lifestyle world, attracting manufacturers ranging from the domestic giants to high profile automakers like Bentley, Honda and Mercedes." The vehicles poised to launch the most heated muscle car battle since the late 1960s are the 2008 Dodge Challenger SRT8 badge No. 1 (Lot #1331), the "First Retail Order Produced" 2009 Chevrolet Corvette ZR-1 (Lot #1316) and a special one-of-one 2008 Ford Shelby GT500KR (Lot #1300). The Challenger's winning bid will benefit Not My Kid, Inc., the Shelby's proceeds will go to the Juvenile Diabetes Research Foundation and the proceeds from the Corvette sale will go to United Way.
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