PainfullyAware

Wall Street Breakfast: Must-Know News

"We are overwhelmed with greed, corruption, and hopium!" - eboworthen

Ahhh, The Stupor Of "Hopium". (He He He; Oh Dang !!!)

I have to agree with bbowen7 that Sheila Bair has actually showed some fortitude of recognition and attempts to warn. Bummer she is, by position, like the swimmer on the beach watching the incoming tidal wave from the low tide mark.

Higher "Fraud Rates" always happen when things become "Uncertain" and more scrutiny is paid to Enforcement. Law Suits and "Workouts" are starting to Balloon. If "Mark To Myth" is ever repealed we will have records within this stat.

U.S. Profits from Bailed-Out Banks

On Sep 01 09:34 AM whisperonthewind wrote:

> PainfullyAware, the government doesn't make money, it takes money.
> It doesn't earn money because it doesn't work.

Things Have Become "A Bit More Grey" than your definitive "Government Does Not Make Money".

Congress Abdicated its responsibility for "Coining Money" To A Private Entity - The Federal Reserve - which does "Make Money";. Not for the benefit of the citizen but for the benefit of the "Club".

I agree that Government only leaches and does not "Provide Value With Recourse Or Reciprocity For Failure" In Regard To "Money Creation".

However, Fiat Monetary Policy and Fractional Reserve Banking DOES Create Money. (even If It Is Fictitious and Not Tied To Any Finite Quantity.)

U.S. Profits from Bailed-Out Banks

Government "Made Money" from the "Magic Money Fountain" of the fiat money system and the implementation of the "Shell Game" by its select TARP Banks.

4 billion to date => 4.1667 billion per year => Only 336 Years to Go Until TARP PAYBACK => Only 2880 Years To Go Until Pay Back on The 12 Trillion.

Yes the rate could increase but it is doubtful that it would by "Honest Business".

If This Is "Making Money", Then The Government Sucks At It.

The Quest to Backstop Every Big Bank

Who Needs Daytime Soap-Operas - This Stuff Gets Crazier Everyday !!!

Tyler Durden - Thanks For Scaring The Bejebus Out Of Me As I Think Of The Implications And Possibilities Generated By The Information You Present. Safety Is A Function Of Awareness.

The Insanity Continues And The "Natives Are Restless".

Wall Street Breakfast: Must-Know News

I doubt the "Market" will go down with any gusto until the "Banks" finish their capital raise.

Shadow Banking, Dark Pools, and The Presidents Working Group On Financial Markets Still Exist. These entities have no interest in a negative market - at this time. Fill The Money Hole Is The Agenda. Once this objective is complete and solvency assured the populous will receive the news of "We Must Endure The Hard Times; But Hey We Are Saved.".

Tax Revenues Still Tanking, Unemployment Still Rising, Bankruptcy and Default Accelerating - Don't Look At The Man Behind The Curtain.

Safety Is A Function Of Awareness.

The Complexity Of Corruption Is Vast.

Wall Street Breakfast: Must-Know News

It seems that all "Original American Ideals" are under assault with a quickening pace. If you do not like the Rules/Laws - Claim that they are "Living" and alter them as you see fit. Too Bad They Do Not Have A Class In School Of How Tyranny Comes About and How Atrocity Manifests.

The Domestic Enemies Of The Constitution Seem To Be Far More Dangerous Than The Foreign Ones.

If Contracts are able to be nullified if you have enough money to push them all the way to the Supreme Court then the foundation of Capitalism is compromised.

Wall Street Breakfast: Must-Know News

No Mention Of The Federal Reserve Looking At Hiring The Former Enron Lobbyist?

The Federal Reserve Hiring A Lobbyist To Combat HR1207
www.bloomberg.com/apps...

"June 5 (Bloomberg) -- The Federal Reserve intends to hire a veteran lobbyist as it seeks to counter skepticism in Congress about the central bank’s growing power over the U.S. financial system, people familiar with the matter said. "

The article states they are considering Linda Robertson of Enron Lobbying Fame. She begins in July - Watch for waning support to begin when it becomes "Lucrative" to our "Representatives".

Wall Street Breakfast: Must-Know News

"I think a new name or phrase needs to be coined to better describe the insidious corruption of our present system." - Sober Realist


Corprotocracy - Where Big Biz Owns/Influences The Government And Voting Is Just For Show.




On May 15 12:21 PM Sober Realist wrote:

> I think a new name or phrase needs to be coined to better describe
> the insidious corruption of our present system. "Socialism" suggests
> some sort of "equality for all individuals, with an egalitarian method
> of compensation." That doesn't really describe the wholesale transfer
> of wealth from America to the financial elite that is happening now.
> "Crony capitalsim" is more apt but still doesn't fully describe the
> massive expansion of government that is swallowing up the private
> sector economy. Fascism is too general of a term.
> Statist capitalism sounds best.
>
> "... it really doesn't matter much whether the rulers call themselves
> capitalist or socialist, whether they plunder by concessions and
> taxation through crony firms or straight-out theft from nationalized
> industries....
> Alvaro Vargas Llosa's five "principles of oppression" are
> -corporatism
> -state mercantilism
> -privilege
> -wealth transfer
> -political law.
> "...the ideological professions of the ruling caste are not very
> relevant to the real problems. The critical factor is basic liberty
> for the people, not the favorite economic flavor of the rulers' intellectuals."
>

Freedom of Information Act Disclosure Busts Paulson, Geithner, Bair

Government IS Force !!!

This is The PRIMARY REASON The Constitution was implemented; To Limit The Use Of Force.

It is unfortunate that it has been relegated to a "Living Document" with no attention payed to WHY it was created.

Beware the seat you intend for angels be occupied by evil. Power given is not so easily taken back. To Assume Benevolence Is Foolish.

TARP: Bailout or Money Pit?

TARP was a scam from the get go.

The Structure as written:
Congress "Gives" the money to treasury. The Treasury then writes the rules (with the help of the Fed Board). The Treasury and The Fed Board are the oversight (of the rules they wrote). Congress gets reports, but no say so or reprisal for policy revision.

There are too many other flaws to mention without a dissertation length comment.

Now Congress is upset about how things are progressing.

To The Fools In Congress - READ THE BILLS BEFORE YOU PASS THEM - IT IS YOUR JOB !!! STOP GIVING AWAY YOUR RESPONSIBILITY !!!

Who Owns the Fed?

The Complexity OF Corruption Is Vast.

When You Can Create Money Out Of Thin Air You Can Buy Governments.

Wall Street Breakfast: Must-Know News

The Government can not go into banking - That would compete with the Fed. (Power Given Is Not So Easily Taken Back)

All they can do is create another Bureaucratic Shell, that costs more to run than the benefit it provides, to shuffle the money and assets keeping as many balls in the air as it can.

Those who make peaceful revolution impossible make violent revolution inevitable. Preparations are being hastened for both options in the American Government and elsewhere.

Those that abandon their neighbors will suffer the same fate at a later time.

Things are not so well in OZ since the curtain became tattered.


On Feb 11 10:50 AM jackooo wrote:

> What if the government went into the banking business? One large
> government bank with mortgages at 3%. Everyone in the U.S. could
> use it for home buying.
> This would automaticly FORCE other banks to lend at the same rate
> or lose customers.
> Eventually the rate would rise but it has to be cheaper then giving
> banks billions for perks.
> Think about it.