Glenn Beck, 10.19.2010: Soros, Tides, Drummond Pike, MSM Circus, And Allen West

Glenn has a complex show today starting with Nancy’s misinformation campaign about foreign donations to affect the outcome of elections. He then spends time explaining the relationship between ‘Spooky Dude’ Soros, the Tides Foundation, Drummond Pike, and the Huffington Post’s new investigative division being run by the Tides Foundation. For those that want to know what’s up with Drummond Pike and Tides, please check out ‘Houston, We Have A Problem: Let’s Start With Tides‘ from AUGUST 30, 2009. I did, of course, include the Muckety Map and pages of research on Drummond and his associated groups.

Part 2, The left boycotting Beck for two years, the new campaign against the Chamber of Commerce and the American people.  The tea party is against the bailouts, and Nancy’s comments about how the republicans destroyed the economy.  Glenn covers the Community Reinvestment Act started by Carter and beefed up by Clinton and Dems that provided mortgages to people that could not pay them.

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Glenn Beck, 5.20.2010: CRIME, INC., Bankers, SEIU, And Shorebank (UPDATED: SEIU Escorted By Police To Baer’s Home)

Glenn covers the real story of SEIU thugs surrounding the property of Gregory Baer, deputy counsel for BofA on Sunday, 5.16.2010. It has been reported that there was between 500 and 700 trespassers on Baer’s property while he was away with one child at a baseball game. When the liberal left, mannerless, brain-dead Obamazombies showed up at his property, Baer’s fourteen year old son locked himself in the bathroom and called his father. When Baer arrived home, he called the police who refused to come to his house because they did not want the situation to escalate. Now where did we leave those frakkin’ paramilitary SWAT Teams?  Which police dept. are Greg Baer and his neighbors paying for?

Glenn then goes onto explain the story of Shorebank and Obama (after the video).  You may want to hit this Socialism Page to understand the intricate web that Glenn is trying to explain.

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The World Is Smouldering: Protests In Ireland and Romania

For those that do not know what PIIGS stands for; it is the acronym for Portugal, Ireland, Italy, Greece, and Spain whose economies are on fire and linked to each other.  The contagion is spreading and we must start thinking about who we are as Americans, how we are going to react, and what we are going to do when it all hits the fan.  That trillion dollars in bad assets that the banks have not put on their balance sheets is hanging over our heads like a very sharp sword.

Everyone (by now) knows about the protests in Greece, but a protest turned violent in Ireland on Tuesday, and another protest is scheduled for Saturday.  Protests are happening in cities all over Romania due to the austerity measures being put in place by their president.

Ireland

Protest at Leinster House, 11th May 2010 – Next Protest Anglo Irish HQ – 2pm, Sat May 15th, 2010:

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The Slippery Slope (UPDATED; Pay Caps & GM)

THIS would be the reason why the government should not be allowed to bailout private companies and then tell them what to do, AND the reason we haven’t been able to trust the government and would be fools to continue to do so.

Feds threatened to oust BofA execs over Merrill deal

Government regulators threatened to remove top Bank of America executives if they backed out of a buyout of failing brokerage giant Merrill Lynch, and offered to provide taxpayer funds to compensate for Merrill’s poor performance, according to company records obtained by The Washington Times.

The documents – e-mails between bank executives and their outside attorneys as well as board meeting “talking points” prepared for then-Bank of America Chief Executive Ken Lewis – offer new insight into the hardball tactics that produced one of the biggest deals negotiated during the late 2008 global financial crisis, one that is still reverberating on Wall Street and in Washington.

They also underscore the fear shared by then-Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Board Chairman Ben S. Bernanke that allowing the deal to fall through would mean a sequel to the collapse of Lehman Brothers, whose failure months earlier sent the world economy into a tailspin.

“It’s highly unusual for a government agency – let alone a Treasury secretary and a Fed official – to virtually order a company to do something like this under threat of removal,”said Cornelius Hurley, director of the Morin Center for Banking and Financial Law at the Boston University School of Law. “It raises a fascinating question which is, if you’re Bank of America and you have a shareholder’s interests paramount in your mind, what is your liability if you go against those interests in the interests of the country?”

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UPDATE: 10.21.09

More Slippery Slope

Have you heard that GM can’t find a CFO?

Treasury Said to Set Pay Cuts for Aid Recipients’ Executives

Oct. 21 (Bloomberg) — The Obama administration will order seven companies that received the most government assistance to cut salaries of top executives by 90 percent on average, a person familiar with the situation said.

The Treasury Department’s announcement will come this week, the person said on condition of anonymity. Total compensation, including bonuses and other benefits, for the 25 highest-paid executives must be reduced by about 50 percent, the person said.

So maybe this administration is tryingto destroy the big banks by helping them?

Pay rules complicate GM CFO search: report

CHICAGO (Reuters) – General Motors Co’s bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal said on Saturday.

GM executives met recently with U.S. Treasury pay czar Kenneth Feinberg and left with the understanding the automaker would be able to offer a significant amount of stock but no more than a $1 million annual salary, the newspaper said, citing people familiar with the matter.

Sources have told Reuters that GM directors in September backed a plan for CFO Ray Young to leave the company.

GM emerged from bankruptcy in July after receiving $50 billion in emergency U.S. financing.

A spokesman for GM would not comment on whether the CFO search specifically was being hindered by the pay restrictions.

“We’ve consistently said that one challenge to filling any position from outside might be the pay restrictions,” GM spokesman Tom Wilkinson said.

We knew this was coming; the best and the brightest avoiding the government controlled companies for just this reason.  I wonder how GM is going to pay us back when they go under for real?

The war to flip this country to socialism continues.

Small Business Being Strangled; Imagine That?

I spent a few minutes today explaining to my 9 year old the Prince John School of  Economics currently being employed in our country right now.  It is called taking from the producers and giving to the consumers…in this case, the big banks, etc.  We all know the story because it has been going WAY TOO LONG.   We have given trillions of our childrens’, grandchildrens’, and great-grandchildrens’ tax liability to this government to give to the sharks on Wall Street and foreign banks, and to the car companies and politicians; in hopes that the blackmail to the banks would easy the credit crunch.  Has it?  BBBWWWAAAHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!  Are you freakin’ kidding me?  We are up to 98 failed banks since last Friday, the FDIC is broke, and I joined many of the newly unemployed in September during the green shoot recovery while Bernanke continues to state that the recession is over!  The recession is still in full swing since small businesses and small business start ups are continuing to be strangled by this administration and congress.

But I digress…The numbers do not lie.

U.S. small business loans in arrears rise: PayNet

CHICAGO (Reuters) – Delinquencies among small and medium-sized U.S. businesses on the loans, leases and lines of credit they use to finance investment in capital equipment rose in August, PayNet Inc reported on Thursday.

Accounts in moderate delinquency, or those behind by 30 days or more, rose to 4.40 percent in August from 4.36 percent in July, said PayNet, which provides risk-management tools to the commercial lending industry.

Accounts 90 days or more behind in payment, or in severe delinquency, improved modestly, slipping to 1.51 percent in August from 1.52 percent in July. But those that were 180 days behind, or considered to be in default, rose to 0.81 percent in August from 0.78 percent in July.

The report is the latest to suggest the U.S. economy, which slipped into recession in December 2007, is experiencing a patchy rebound.

“The recovery that seems to be under way for large corporations and the stock market and certain parts of the economy doesn’t seem to have arrived yet for these companies,” said Bill Phelan, president and founder of Skokie, Illinois-based PayNet.

Separately, PayNet said its small business lending index, which had risen in June and July, fell at an annual rate of 20 percent in August. (emphasis mine)

“It’s too early to call it a trend,” Phelan said. “But it’s a little disheartening because this kind of activity is a leading indicator for gross domestic product.(emphasis mine)

When are the tax cuts on the middle class and small business going to be implemented to get this economy back on it’s feet?

With Obama, Harry, Nancy, and the rest of the aristocracy in Washington, D.C. at the trough; I’m not holding my breath.

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