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Archive for the ‘banks’ Category

A new plan by Glorious Leader’s team has come to light. Since Europe won’t help us by spending more money, the administration has hatched a plan to entice private investors to buy the troubled assets that are pulling banks down into an economic abyss. Even though they have, as yet, been unsuccessful in garnering private industry support the administration feels that these new “mutual funds” will be a great investment.

The funds, the thinking goes, would buy troubled mortgage securities from banks, enabling the lenders to make the loans that are needed to rekindle the economy. Many of the loans that back these securities were made during the subprime era. If all goes well, the funds will eventually sell the investments at a profit.

But, as with any investment, there are risks. If, as some analysts suspect, the banks’ assets are worth even less than believed, the funds’ investors could suffer significant losses. Nonetheless, the administration and executives in the financial industry are pushing to establish the investment funds, in part to counter swelling hostility against the financial industry…

…Perhaps more important than the money would be the political bonus of having thousands or even millions of taxpayers — whose portfolios have nose-dived during the crisis and whose tax dollars are financing bank bailouts and stimulus packages — profit from the toxic asset plan.

Did you notice the key line here?

there are risks. If, as some analysts suspect, the banks’ assets are worth even less than believed, the funds’ investors could suffer significant losses

I know, looking at how honest and open our government has been thus far regarding the troubled assets, there is no way in HELL I would ever partner with the likes of Bawny Fwank or Corruptible Dodd. But that is just me. Welcome to WWI redux.

The revolution is at hand. Will you be a leader or a follower?

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Michelle Malkin called it correctly. There are certainly some prominent asshats trying to ruin our sacred land, and if we do not take a stand they will succeed. I have no doubt that these IDIOTS sit in their offices and chuckle at just how gullible and uninformed the vast majority of people are out there.

Up next into the croissfire is Connecticut Attorney General Blumenthal. This is the guy who is on a mission to extort, by any means possible, the bonuses paid to the AIG executives. The reason he gives is the most laughable, and actually the most frightening of any I have yet heard:
“Because they are undeserving of it.”

So now the government decides who is deserving and who is not? Like them or not, those men and women were under contract. What would happen to modern day pro sports if every athlete had to return his or her salary because they were not ‘effective’ in their endeavors? Granted, some of them SHOULD give them back but are you willing to say with 100% accuracy that they are undeserving of it?

This is where the government is heading, straight down a slippery slope of overbearing control where nothing is going to stop it if We The People do not take a firm stance and draw an unwavering line in the sand.

The revolution is at hand. Will you be a leader or a follower?

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Why Not Just Take It All?

After all is said and done, all that Glorious Leader and his tax-cheat-in-charge want is:

To make it easier to take over a financial business.

Huh? Am I the only person who finds something wrong with this? We want it to be easy? As in.. no big deal, we do it all the time easy?

*Forehead Slap*

The revolution is at hand. Will you be a leader or a follower?

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Glorious Leader has sent his resident tax-cheat-in-charge out to pump us up regarding the next phase of the unbeatable plan to ruin our economy. “The latest attempt to tackle the banking crisis and get loans flowing to families and businesses will create a new government entity, the Public-Private Investment Program, to help purchase as much as $1 trillion in toxic assets on banks’ books.” says FOX news.

Is it me? Or are the idiots in congress just completely clueless about things? The problem is not a lack of money out there, it is a lack of trust. Get people doing things that business and industry feels will work, and watch things begin to turn around. All that is going to happen is runaway inflation. Why can a retired enlisted guy with just a community college education see it, but movers and shakers of the financial world cannot?

The answer? They can.

If you read what foreign papers (and even Time magazine) you will see that behind the scenes, banks and financial powerhouses are trying to force the world into a globally run banking industry.

Russia and others want a new, global currency where the entire world pays into. What does this mean for us? We would be paying taxes to a global government made up of financial corporations and banks. Instead of your tax dollars helping California (a bad thing if you live in Florida anyway) it would go to help, say, Poland, or the U.K. or Kenya. We would be at the mercy of institutions like the UN or Bilderberg.

Conservatives are taking a stand, but they will need our help.

The revolution is at hand. Will you be a leader or a follower?

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He Of The Ever-Tear, the self-proclaimed “mostly chick” has them nailed. Check out Glenn Beck’s The One Thing.

The revolution is at hand. Will you be a leader or a follower?

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Edward Liddy, just recently put in charge of AIG to get the giant back on track, who took no bonus and is getting paid a whopping ONE DOLLAR A YEAR salary, was railed against and threatened by everyone on Barney Fife’s Fwank’s panel for what he was trying to do with the bonus money for executives. He was grilled and yelled at all afternoon, all the while trying to protect his employees from getting publicly outed to society (recall how well that went in California when the hater gays outed all of those who supported Prop 8??). He even read them death threats people had received, to which our hair lipped heroine (Fwank) commented “All of us here receive those”.

I am confident that when someone dies because of getting a bonus for trying to do the job, Miss Fwank will be there with compensation in hand for the family of said, murdered employee. However, that is not the point of my post, but only a lead in to the real deal.

Chris Dodd swore up and down that he had no clue about the amendment in the bailout bill that allowed companies to continue to pay the bonuses. He then went on to rail AIG for being criminally negligent, an evil capitalistic Satan whose soul was sold to the Wall Street gods. He went on CNN and railed against the insurance giant, vowing to get the money back to the people.

Until today, wherein Mr. Dodd humbly admitted that he, in fact, did add the provision back into the bill, at the ordering of that evil, mean, wicked Treasury Guy. You know, Turbo Tax Tim, who was in charge of getting the bailout of AIG in order along with former secretary Paulsen.

His ass should be in front of the Ethics Committee. He could care less about the people, as long as he stays clean in all of this. Crooks, crooks, and more crooks.

The revolution is at hand. Will you be a leader or a follower?

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[H/T: RBO. Great find.]

If you have not seen the Obama Deception, you should check it out. Yes, it is a full length movie and yes it centers on the current administration, but the underlying theme is one much more worrisome than a political candidate or his corrupt congress. It is something that stems back many, many years.

Go check out the response at RBO.

The revolution is at hand. Will you be a leader or a follower?

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