Wall Street

America Has Not Gone ‘Soft’, It Has Been LOOTED!

America Has Not Gone ‘Soft’, It Has Been LOOTED!

While political pundits are spouting off about how the pResident shouldn't be blaming America, many folks are missing the point (including Chairman Zero). America hasn't gotten soft; it's been looted by the very same banking cartel, special interests, and crony capitalists that have been steering the economy for decades by bribing the political class and turning America into a nanny state. Now the economy has been completely decimated and those very same forces are trying to keep the bubbles they have created from popping because they went too far and they are about to lose all their money. From FedUpUSA.org:…
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Nomi Prins On Alex Jones, 4.21.2011: The Fed Is Reducing Our Value As A Nation

Alex Jones interviews former Goldman Sachs managing director Nomi Prins about the pillaging of the average American by the Federal Reserve and the big banks that has occurred in the effort to prop up the big banks. They cover S&P's warning about America's debt, the Obama administration trying to stop the warning from being issued, and what is coming down the road for us. (See Nomi's bio below.) I call it financial homicide by the banks, and Geithner is sortof the accomplice because he, under him, the Treasury Dept. increased the Treasury debt by $4 trillion dollars. So for him…
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Obama Stands His Ground With Republicans On ‘Financial Reform’

Does anyone find it odd that Bambi 'holds' his ground with the republicans but chokes with the Somali Pirates and bows to just about everybody else? Mr. Kuttner obviously has not read Dodd's 1400 page masterpiece enough to know that it allows for bailouts in perpetuity (pg 1379).  I haven't even gotten all the way through the book on financial reform and I already know that creating a new government agency with a $500 BILLION DOLLAR YEARLY budget to keep track of every single financial transaction known to mankind, invest money, and then report on the firms they have invested…
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SHOCK: TARP Is Not Delivering

Excuse me while I heave into the bucket that is now stationed next to my desk.  Neil Barofsky, the inspector general for TARP, in his latest report, states that a TARP program for small business lending (March 2009) has not yet been implemented.  Whiskey Tango Foxtrot Award to the Treasury and TurboTax Timmie anyone? TARP ain't getting the job done? I would be laughing my a** off if this situation wasn't so tragically disastrous to the entire nation and our childrens' futures. The next question would be: Who are the stupid Americans?  The Elites or the Tea Party Patriots that…
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