Feeds:
Posts
Comments

Archive for November, 2011

Bloomberg: Secret Fed Loans Gave Banks $13 Billion

By Bob Ivry, Bradley Keoun and Phil Kuntz – Nov 27, 2011 4:01 PM PT
Bloomberg Markets Magazine

Nov. 28 (Bloomberg) — The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. No one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue. Betty Liu reports on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)
Enlarge image Kenneth D. Lewis Former CEO of Bank of America Corp.

On Nov. 26, 2008, then-Bank of America Corp. Chief Executive Officer Kenneth D. Lewis wrote to shareholders that he headed “one of the strongest and most stable major banks in the world.” He didn’t say that his firm owed the central bank $86 billion that day. Photo: Joshua Roberts/Bloomberg

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.

More:

VIDEO: Financial Services Subcommittee on Oversight and Investigations hearing of May 5, 2009.

Read Full Post »

by G: Nov. 21, 2011

Here’s the latest news on terrorism in NY. It’s sharing the headlines with the recent demonstrations in Egypt, where, according to the NY Times   at least 23 people had been killed and more than 1,500 people had been wounded.

It concerns a Muslim sympathizer  that the NYPD has had under surveillance for 2 1/2 years. They followed him and an informant to the dollar store and a Home Depot, where Pimentel bought a clock, christmas tree lights and some pipe elbows. Pimentel has a website, uses Blogger and Youtube and allegedly was building a bomb using material from matches as the explosive.  According to NYPD, he was assembling it at the informants house, where he was drilling holes in pipe. He was arrested at that point and given a public defender. The bomb was never assembled, but a mock-up of the bomb was shown, while the testimony of the informant told of his intentions. Looks like they really have the goods on this guy and it will, undoubtedly be an open and closed case. Homeland Security, once more, defeats terrorism and justice is done.

Read Full Post »

Republican Party Platform in 2012:
Tax-cuts for the rich
Tax hikes for the middle class
Deregulate wall street …
Unlimited corporate money in elections
War with Iran
War with Pakistan
Trade war with China
Stay in Iraq
Patriot Act
End Social Security
End Medicare
Increase military spending
Defund Planned Parenthood
End abortion
End birth-control
Outlaw gay marriages
End EPA
End Public School
Defund NPR
Make English the sole official language
Banning Sharia law
Stripping Union rights
Make it harder for poor people to vote
Legally declare pizza a vegetable.
Almost forgot: Enslave everyone except the Rich.

Read Full Post »

Read Full Post »

Read Full Post »

This is a feel good movie

Read Full Post »

A devious bit of propaganda from a couple of new York rats. I’s not like we haven’t noticed all of the right wing hawks chanting the same mantra about Irans nuclear capabilities.

Global Warfare: Targeting Iran: Preparing for World War III

Global Research, November 3, 2011

by Michel Chossudovsky

The military deployment of US-NATO forces is occurring in several regions of the World simultaneously.

Militarization at the global level is instrumented through the US military’s Unified Command structure: the entire planet is divided up into geographic Combatant Commands under the control of the Pentagon. According to (former) NATO Commander General Wesley Clark, the Pentagon’s military road-map consists of a sequence of war theaters: “[The] five-year campaign plan [includes]… a total of seven countries, beginning with Iraq, then Syria, Lebanon, Libya, Iran, Somalia and Sudan.”

This from…. Newsmax

By Edward Koch

This week I sent a note to President Obama. I sent a similar note to the major Republican candidates for president. The following is the statement.

Dear Mr. President:

I am attaching a statement issued by former Mayor of New York City Rudy Giuliani and myself.

It provides the reasons why we believe you should put Iran on notice that an attack by it upon Saudi Arabia or Israel would be considered an attack upon the U.S. to which the U.S. would immediately respond.

We have asked the Republican candidates for president to support you on such a decision. I personally believe that your doing this is in the best interests of our country and would deter Iran from initiating a war against either or both Saudi Arabia and Israel.

All the best.
Ed Koch

Statement by Former Mayors
Edward I. Koch and Rudolph Giuliani
October 28, 2011

Read Full Post »

Older Posts »

%d bloggers like this: