Now I know why Geithner and his buddies allow Liz Warren to keep talking out loud about what has happened in the financial world, and what is still happening.
The progressive left loves her, and I must admit, she does have some financial common sense stances that I agree with.
In the following video from NRN, she speaks of a loophole put in the bankruptcy law passed in 2005 that was left wide open when Dodd and Frank wrote the next chapter in “financial regulation” that works the system to protect the insiders and screws the taxpayer.
Here’s a very interesting backstory on Geithner vs. Warren when it comes to the person to head up the new Bureau of Consumer Financial Protection and how the progressives that support Liz Warren would consider her being passed over as yet another betrayal.
Though Treasury has tried to downplay the Warren drama, this is an important moment for Obama. Progressive reformers are already defining a potential rejection of Warren as a White House betrayal. Simon Johnson, the former chief economist of the International Monetary Fund, writes,
This can now go only one of two ways.
1. Elizabeth Warren gets the job. Bridges are mended and the White House regains some political capital. Secretary Geithner is weakened slightly but he’ll recover.
2. Someone else gets the job, despite Treasury’s claims that Elizabeth Warren was not blocked. The deception in this scenario would be nauseating — and completely blatant. “Everyone was considered on their merits” and “the best candidate won” will convince who exactly?
He adds, “Failing to appoint Elizabeth Warren would be the straw that breaks the camel’s back. It will go down in the history books as a turning point — downwards — for this administration.”
If Obama dumps Warren, the White House will justifiably enrage reformers and progressives — that is, part of its base. If Obama nominates Warren, the White House will have a major fight with banks and GOPers. “That may be a fight worth having,” a Treasury Department official says, “but that’s up to the White House to decide.” It’s a mighty big decision.
UPDATE #2: Fox News report of the State Department issuing a travel warning for three border cities.
On June 30th, shots were fired in Juarez and they hit the El Paso court house, and the Obamas were partying the night away. Now the Los Zetas drug cartel has seized two ranches in the Laredo, Texas area in their continuing invasion of America. Thankfully the ranchers were allowed to evacuate their property without harm, but can anybody tell me why they had to leave their property because a foreigner told them they had to at gunpoint. Isn’t that considered an invasion?
Anybody in Congress listening, anybody? I guess property rights are as obsolete as the Constitution that Obama keeps saying is flawed.
WHEN ARE YOU GOING TO BRING HIM UP ON IMPEACHMENT CHARGES FOR HIS BROKEN OATH TO PROTECT AMERICANS AND AMERICA’S BORDERS?
In what could be deemed an act of war against the sovereign borders of the United States, Mexican drug cartels have seized control of at least two American ranches inside the U.S. territory near Laredo, Texas.
Two sources inside the Laredo Police Department confirmed the incident is unfolding and they would continue to coordinate with U.S. Border Patrol today. “We consider this an act of war,” said one police officer on the ground near the scene. There is a news blackout of this incident at this time and the sources inside Laredo PD spoke on the condition of anonymity.
Word broke late last night that Laredo police have requested help from the federal government regarding the incursion by the Los Zetas. It appears that the ranch owners have escaped without incident but their ranches remain in the hands of the blood thirsty cartels.
Laredo Border Patrol is conducting aerial surveillance over the ranches to determine the best way to regain control of the U.S. ranches, according to the Laredo Police department.
The approximate location of the U.S. ranches are10 miles northwest of I-35 off Mines Road and Minerales Annex Road. Just off 1472 (Mines road) near Santa Isabel Creek south of the city of Laredo, Texas.
The Los Zetas drug cartel is an offshoot of the elite Mexican military trained in special ops. The mercenary organization is said to include members of corrupt Mexican Federales, politicians as well as drug traffickers. The group was once part of the Gulf cartel, but has since splintered and now directly competes with the Gulf cartel for premium drug smuggling routes in the Texas region.
The new leader of Los Zetas is Heriberto “El Lazca” Lazcano and is considered the most violent paramilitary group in Mexico by the DEA.
Recently the drug organization has kidnapped tourists, infiltrated local municipalities and continues to smuggle narcotics into a very hungry U.S. market.
The violence south of the border continues to spin out of control and has left Nuevo Laredo, Mexico on virtual lockdown with businesses refusing to open the doors. Last week a particularly violent attack by the Los Zetas included the use of grenades and resulted in a dozen deaths and 21 injuries.
The hostile takeover of the ranches has met with silence with local and national media; however sources say they could be waiting to report the stories once the ranches are back in U.S. control. This journalist questions if this was a Middle Eastern terrorist attack if the media would sit on their hands.
Stay tuned for updates reports throughout the weekend.
The bloodbath continues along our southern border and now word is coming in that Los Zetas, the highly trained killers formerly with the Gulf Cartel, have crossed into the United States and taken over at least two ranches in the Laredo, Texas area. I am receiving word that the owners of the ranches have evacuated without being harmed. The source is law enforcement in the area.
(Update 2 story is now 100% confirmed by second source within the Laredo Police Department)
The FBI is advising law enforcement officers across the country that a Texas cell of Los Zetas — an increasingly powerful arm of the Mexican Gulf Cartel drug trafficking syndicate — has acquired a secluded ranch where it trains its members to “neutralize” competitors in the United States.
In order to ensure its share of the lucrative illegal drug trade, the cartel’s members reportedly are operating north of the border to collect debts and spy on competitors. They have also protected cocaine and heroin shipments that were bound for Houston, where they were repackaged and shipped on to Alabama, Delaware, Georgia and Michigan, according to the FBI.
The information, which was disseminated Monday to state, local and federal agencies, does not provide specifics, such as the location of the ranch, but includes a notation that the information came from reliable FBI contacts.
Trainees are reportedly taught about home invasions, firearms and ways to run vehicles off the road in order to kidnap occupants who owe drug debts.
The Zetas have achieved almost mythical status in Mexico, as the small band of military deserters has become a managing partner for the Gulf Cartel, terrorizing rivals with beheadings, torture and mass killings.
They are said to have a presence in large swaths of Mexico and are often described as being the most ruthless gangsters in Mexico’s underworld.
Gerald Celente’s take on the financial reform bill written by those two great capitalists, Chris Dodd and Barney Frank, and the “looming crash of 2010”. Mr. Celente understands that we have to get Wall Street out of the White House. The numbers, once again, do not lie.
Delaware; land of Joe Biden (36 years in the Senate), and Rep. Mike Castle (17 years in the House), who voted FOR the T.A.R.P., the Omnibus, Serve America Act, Credit Card Accountability Act, Cap and Trade, and the Fin Reg Reform Bill (among others). Considering Castle’s inability to vote for limited government like a true Republican (he votes with Obama 6 of 10 votes), there might actually be a bigger upset than Scott Brown’s resounding defeat of Martha Coakley rapidly approaching The First State when tea party endorsed Christine O’Donnell spanks Castle with the help of impoverished Delawareans and YOU – the rest of America.
To learn more about Christine, and/or donate to her cause (because all races are now a national referendum on saving the Republic from radical progressives), go to her site.
A taste of Christine’s Constitutional conservatism when she was interviewed by Mark Levin on June 24, 2010:
According to an interview that Scott Rasmussen gave on July 21st with Rick Jensen, Christine could actually win Biden’s senate seat (and give it back to Delawareans). Christine has surpassed democrat Chris Coons in the polls, whilst Mike’s numbers have been steadily dropping against Coons.
A woman states that she is very emotional about the country being ripped apart by the pResident and his crew, that it isn’t right, and then she asks Lt. Col. Allen West, “what will you do to heal us?”.
Glenn starts this show with his apologies for all his jokes this week. He also speaks about the 17 minute monologue from yesterday in which he covers the new financial reform law and how the media isn’t paying attention to it; they are paying attention to Glenn’s jokes.
Mr. Obama’s most egregious and brazen betrayal of our Constitution was his statement to Sen. Jon Kyl, Arizona Republican, that the administration will not enforce security on our southern border because that would remove Republicans’ desire to negotiate a “comprehensive” immigration bill. That is, to put it plainly, a decision that by any reasonable standard constitutes an impeachable offense against the Constitution. For partisan political advantage, he is willfully disregarding his obligation under Article IV, Section 4 of the Constitution to protect states from foreign invasion.
Hit the link above to read the whole statement because it is well worth it!
Glenn gives a seventeen minute monologue about the financial regulatory reform bill that Obama just signed into law. Glenn is about to blow a gasket because it appears that he has figured out what’s in it and the effect that it is going to have on our republic. He believes the last nail has been hammered in the republic’s coffin, and I just have to wonder why he didn’t know about it sooner. We did…two months ago. (I’m still waiting for someone like Beck or Hannity to talk about the Office of Financial Research.) His monologue starts at 7:11 in Part 1 and continues through Part 2.
Rashid Khalidi (Barack’s buddy), Ben Bernanke’s continued idiocy, jobless claims are up, adding the public option to Obamacare (why, it’s already in there), and the financial regulation bill brought forward by Dodd and Frank.
I just could not let AZ State Rep. Kyrsten Sinema’s interview at Netroots 2010 to fly under the radar. Please take the time to listen to this entire piece of condescension because I have a question for Arizonans.
Arizona? Would you please do the rest of the country a massive favor and NOT allow this woman to get any farther in her political career. She is currently running for your state senate with the next big step either to governor or to the United States Congress.
When this chick grows up, she wants to be Nancy Pelosi furthering the progressive agenda by better communicating their message to us open-mouth breathing revenue streams. I have no idea how folks speak to their family members, but I wouldn’t insult my dog by talking to him the way she speaks during this interview. Come to think of it, I think my dog is actually smarter…
Remember America (in relation to comprehensive immigration reform):
…and be careful because if you are laying down on the job, your state could turn into Arizona pretty quickly…”
Arizona State Representative Kyrsten Sinema (Phoenix) talks about how the state came to pass its controversial immigration law and why that should be a warning for progressives to be on the watch so other states don’t do the same thing. She spoke with The UpTake at Netroots Nation 2010 in Laas Vegas Nevada.
Arizona? Are you honored or embarrassed that this is a representative to your state legislature with her sites on senate?
Mr. Boehner at a Christian Science Monitor breakfast this morning explaining who Tea Party Patriots are in response to a question about the new Tea Party Caucus started by Michele Bachmann. He comments to a roomful of people who appear to be beltway insiders that the people at the tea parties are just the tip of the iceberg.
Responding to a question about Rep. Michele Bachmann’s (R-MN) Tea Party Caucus, House Minority Leader John Boehner (R-OH) says although he declined to join the caucus, the political movement “should not be dismissed. “These folks are the tip of the iceberg,” says Boehner. “They represent the same values, concerns, frustration, anger and fear that you see from tens of millions of other Americans who aren’t on the streets yet.
This iceberg is what the thin-skinned Obama administration is tweaking about and trying to attack or gloss over at every possible opportunity knowing full well that the tea parties are the real hope for the future of the nation. The Tea Party is the movement of common sense where right is right and wrong is wrong; NOT…“by any means necessary”.
For any republican candidates that may be reading this post; better get plugged in or you will be left behind.
Michele Bachmann on Greta speaking about the Tea Party Caucus, 7.21.2010:
