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Archive for the ‘Greed’ Category

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Chris Hedges | Truthdig | June 14, 2009

This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful.

Barack Obama, and the criminal class on Wall Street, aided by a corporate media that continues to peddle fatuous gossip and trash talk as news while we endure the greatest economic crisis in our history, may have fooled us, but the rest of the world knows we are bankrupt. And these nations are damned if they are going to continue to prop up an inflated dollar and sustain the massive federal budget deficits, swollen to over $2 trillion, which fund America’s imperial expansion in Eurasia and our system of casino capitalism. They have us by the throat. They are about to squeeze.

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Obama’s Economic Misfits Finally Get It

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Robert Scheer | Truthdig | June 17, 2009

Now they tell us.

On Monday, two men with considerable responsibility for enabling the banking meltdown confronted the error of their ways. Not directly, of course, for accountability is hardly the mark of either Lawrence Summers, the top White House economic adviser, or Treasury Secretary Timothy Geithner.

Their careers have long been fueled by error. Summers was one of the leading prophets of radical financial deregulation in the Clinton administration. And Geithner, as head of the New York Fed, looked the other way during Wall Street’s collapse and then responded by opening wide the spigot of taxpayer dollars to resuscitate Citigroup and AIG.

What they wrote this week in a joint Op-Ed article in The Washington Post is a condemnation of the Wall Street shenanigans they once abetted and celebrated. I hope their apparent sudden conversion to common sense indicates the seriousness of the banking regulation plan that President Obama will present to Congress today.

Read more…

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Armey’s Axiom: Don’t Take Me Seriously


The corporate lobbyist behind freedomworks.org/ is non other than the architect for Bu$co’s Homeland Security program, Richard K. Armey. He is now Senior Policy Advisor Co-Chair, Homeland Security for DLA Piper.

This article appeared in Israel Venture Capital Journal in June 2003 and is produced by permission of the publisher. If you want much information from this publication, you’ll have to subscribe. The more thousands of shekles you pay the more info you get.

Former congressman Dick Armey served as chairman of the select committee on Homeland security and was the principle architect of the homeland Security Act of 2002.

Homeland Security Advanced Research Projects Agency,
HSARPA modeled after DARPA is shown by the Googleplex to be hsarpa.com.

Israel Venture Capital: Views on 911

The enduring Israeli-American relationship has been based on shared values and common interests. The tragedy of 911 joined our nations in another way that neither of us wanted-as democracies challenged by the menace of terrorism.

The enduring Israeli-American relationship has been based on shared values and common interests. The tragedy of 911 joined our nations in another way that neither of us wanted-as democracies challenged by the menace of terrorism.

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Well, as you probably already know, Fox News makes me feel like losing my groceries, but I had to show this video attack on Congressman Alan Grayson. This repulsive dude, Neil Cavuto, is attempting to take on the appearance of authority to trick him into giving him an absolute number on an argument that doesn’t really call for anything but a relative example.

What Alan is dealing with here is known as The “Cavuto mark”. Following a satirical segment proposing it on The Daily Show on September 13, 2006, the word “Cavuto” is sometimes used to refer to a question mark “used to turn any statement, no matter how outrageous, into a simple, seemingly fair, question.”

Barney Frank: “This is presumably a psychological disorder”

Huffington Post

April fools day, 2009

House Republicans did their best Wednesday to battle Rep. Barney Frank (D-Mass.) on the House floor and wound up on the receiving end of some classic Frank jabs.

The bill at issue, authored by Rep. Alan Grayson (D-Fla.), would cap executive compensation at bailed-out financial institutions and it puts the GOP in a tough spot: after expressing outrage over the AIG bonuses, it’s tough to vote against the bill.

In announcing their opposition, Republicans such as Rep. John Culberson (R-Texas) took to the floor to decry the fact that the stimulus allowed the bonus payments to be made. They excoriated Democrats for not reading the full stimulus bill but said they objected to the bill on the floor that would fix the loophole that had been in the stimulus.

Frank had a field day with it.

“This is really extraordinary,” he said. “What you have just heard is a denunciation of something the Congress did a few weeks ago and a refusal to undo it. I’ve never seen people, Mr. Chairman, so attached to something they hate. This is presumably a psychological disorder which I am not equipped to diagnose. The objection of the gentleman from Texas was that when the recovery bill was passed, it was passed too quickly [and it] included a provision that shouldn’t have been in there. This bill takes it out.”

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Robert Scheer | Truthdig | March 17, 2009

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There must be a criminal investigation of the AIG debacle, and it looks as if New York’s top lawman is on the case. The collusion to save this toxic company in order to salvage the rogue financiers who conspired to enrich themselves by impoverishing millions is being revealed as the greatest financial scandal in U.S. history. Instead of taking bonuses, the culprits should be taking perp walks.

I’m not just referring to the swindlers in the Financial Products Subsidiary of AIG who devised and sold those insurance policies on derivatives that brought the world economy to its knees. They do seem deserving of a special place in hell, and presumably the same divine power that according to Scripture labeled usury a high moral crime and threw the money-changers out of the temple will consider that outcome. (more…)

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by Geezer Power

As AIPAC strengthens its hold on the White House the tempo of the ever present war drums are heard in the rhetoric of Zionist sympathasizers.

Eric Margolis on smirkingchimp.com said it well: “While Rome burns, here we go again with renewed hysteria over MWMD’s — Muslim weapons of mass destruction. War drums are again beating over Iran”

March 9, 2009

As the U.S. economy sank ever lower, a huge brouhaha erupted this week over claims that Iran might have nuclear weapons.

The new CIA director, Leon Panetta, said “there is no question, they (Iran) are seeking that capability.” The Pentagon chief, Admiral Mike Mullen, claimed Iran had “enough fissile material to build a bomb.”

Prime Minister Stephen Harper had claimed Iran posed an “absolutely unacceptable threat.” However, to Harper’s credit, he just admitted that Afghanistan is a no-win war.

The czar of all 16 U.S. intelligence agencies, Admiral Dennis Blair, stated Iran could have enough enriched uranium for one atomic weapon by 2010-15. But he reaffirmed the 2007 U.S. National Intelligence Estimate that Iran does not have nuclear weapons and is not pursuing them. Defence Secretary William Gates backed up Blair.

Public confusion over Iran comes from misunderstanding nuclear enrichment and lurid scare stories.

Iran is producing low-grade uranium-235 (LEU U-235), enriched to only 2.5%, to generate electricity. Tehran has this absolute right under the Nuclear Non-Proliferation Treaty. Its centrifuge enrichment process at Nantaz is under 24-hour international inspection. Iran’s soon-to-open nuclear plant at Bushehr cannot produce nuclear weapons fuel.

Today, some 15 nations produce LEU U-235, including Brazil, Argentina, Germany, France, and Japan. Israel, India and Pakistan, all nuclear weapons powers, refused to sign the non-proliferation treaty. North Korea abrogated it.

The rest of the story

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by Geezer Power

So, you know about the Treasury’s $700 billion bailout plan. But you probably don’t know that the Federal Reserve has lent out about $2 trillion since September. Few do. And that is what’s irritating bulldog Congressman Alan Grayson. Will he be able to shed a light on the Fed’s secret spending?

Grayson raises voice, hackles in D.C.

Mark K. Matthews | Washington Bureau
February 9, 2009

“WASHINGTON – In just a few short weeks, freshman U.S. Rep. Alan Grayson, D-Orlando, has delivered more memorable quotes than some members of Congress do in an entire career.”

“In interviews, the 6-foot-5-inch Grayson downplays his combative approach, bridling at a reporter’s use of the “abrasive” label and saying that he would not have been assigned to the House Science Committee — the “most bipartisan committee in Congress,” he said — if he wasn’t collegial.”

“Meanwhile, his Dylan-quoting, freewheeling stance has earned him liberal fans nationwide, including Darcy Burner, a failed Washington state congressional candidate who has already asked supporters to back Grayson’s re-election campaign.”

“He’s going to have a vicious re-election battle in two years, and he’s getting pressure to sell out to the lobbyists and corporations so that he’ll have enough money to fund his re-election. That, my friends, would be a real pity,” Burner wrote in a letter.

“Fundraising, however, is unlikely to be a problem. He is the 10th-wealthiest House member, with assets of more than $29 million, according to the Center for Responsive Politics.”

The rest of the story

Here’s Grayson’s alter ego Steven Seagal as an abstract, reality TV, illustration of what should really happen to the major players in the shadow government that still hangs over the White House.

Youtube video

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Geezer Power

Rep. Alan Grayson asked Citigroup CEO Vikram Pandit about the terms of the government assistance his firm received, and read comments from several angry constituents. He is one of the more Progressive Democrats on the Obama team and should prove to be a real asset, especially on issues of accountability.

Grayson also has a record of combatting war protiteering and waste concerning the Defence Industries, as he points out, “the money we have thrown away on war profiteers could go a long way on the domestic front”.

Because of his track record suing defense contractors, Grayson is completely uninterested and unintimidated by ridiculous arguments about secrecy and national security. He thinks that war crimes have been committed, that people need to be put in prison, and that we absolutely cannot let bygones be bygones with the 2000-2008 era.


I really like this guy. Here he is defending Obama from the attacks of right wing media spin, as Rush Limpballs gets a perspective from the other side of the mirror.

“Rush Limbaugh is a has-been hypocrite loser, who craves attention,His right-wing lunacy sounds like Mikhail Gorbachev, extolling the virtues of communism. Limbaugh actually was more lucid when he was a drug addict. If America ever did 1 percent of what he wanted us to do, then we’d all need pain killers.”

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Op-Ed Columnist

Eight Years of Madoffs

Published: January 10, 2009

THREE days after the world learned that $50 billion may have disappeared in Bernie Madoff’s Ponzi scheme, The Times led its front page of Dec. 14 with the revelation of another $50 billion rip-off. This time the vanished loot belonged to American taxpayers. That was our collective contribution to the $117 billion spent (as of mid-2008 ) on Iraq reconstruction — a sinkhole of corruption, cronyism, incompetence and outright theft that epitomized Bush management at home and abroad.

The source for this news was a near-final draft of an as-yet-unpublished 513-page federal history of this nation-building fiasco. The document was assembled by the Office of the Special Inspector General for Iraq Reconstruction — led by a Bush appointee, no less. It pinpoints, among other transgressions, a governmental Ponzi scheme concocted to bamboozle Americans into believing they were accruing steady dividends on their investment in a “new” Iraq.

The report quotes no less an authority than Colin Powell on how the scam worked. Back in 2003, Powell said, the Defense Department just “kept inventing numbers of Iraqi security forces — the number would jump 20,000 a week! ‘We now have 80,000, we now have 100,000, we now have 120,000.’ ” Those of us who questioned these astonishing numbers were dismissed as fools, much like those who begged in vain to get the Securities and Exchange Commission to challenge Madoff’s math.

MORE HERE

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The new embassy, already underway in early 2005, was not mentioned in the main stream media at the time, and was supposedly a secret. I didn’t see anything on Google untill 2006, but it was underway by May 11, 2005 when funding was signed by congress under an emergency supplemental appropriation, (H.R. 1268/P.L. 109-13), which included $592 million for embassy construction.

The position of Ambassador to Iraq was initially filled by John Negroponte, who served from May 2004 to March 2005. On April 5, Secretary Rice announced President Bush’s intention to nominate Zalmay Khalilzad (formerly the Ambassador toAfghanistan) as the new U.S. Ambassador to Iraq; this appointment requiredSenate confirmation.

Guess who the emcee for the dedication of the  (cough cough)  new embassy is?  Yep, you guessed it and he can be seen in todays presentation on  CNN VIDEO.

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