Eliot Spitzer Explains The Bailout: ‘This Was A Ponzi Scheme, An Inside Job’
Eliot Spitzer says Bailout was Ponzi Scheme and Inside Job - MP3 Audio
msnbc.com Video Player. :
Read the whole story: MSNBC
Op ed piece in the Wash Post: Predatory Lenders’ Partner in Crime - How the Bush Administration Stopped the States From Stepping In to Help Consumers By Eliot Spitzer
Quote: A wiretap allegedly recorded the setting up of a Washington, D.C., appointment between him and an Emperors Club “model.” … “Kristen” met with Client 9 the night of February 13, 2008, according to the affidavit, after describing herself as “petite, very pretty brunette, 5 feet 5 inches, 105 pounds”. They were finished, three hours and $4,300 later. … “Kristen” then called a colleague at the Emperors Club and said that she liked Client 9. “I don’t think he’s difficult,” she said.
The night before Spitzer’s piece was published.
Eliot Spitzer is a Conspiracy Theorist, of the financial sort. From salon.com:
It all appears, once again, to be the same insiders protecting themselves against sharing the pain and risk of their own bad adventure. The payments to AIG's counterparties are justified with an appeal to the sanctity of contract. If AIG's contracts turned out to be shaky, the theory goes, then the whole edifice of the financial system would collapse.
Video : Rob Kall Interviews Sen. Bernie Sanders on Economic Crisis, 911, Bottom-up
Original Content at http://www.opednews.com/articles/Video--Rob-Kall-Interview-by-Rob-Kall-090123-222.html
January 23, 2009
Video : Rob Kall Interviews Sen. Bernie Sanders on Economic Crisis, 911, Bottom-up
By Rob Kall
Rob Kall interviews Senator Bernie Sanders (I- VT) on:
-how big companies that are too big to fail are using bailiout money to get bigger
-on investigating who and what caused the economic crisis
-on investigating people who profited from 911
Times must be tough indeed, Americans have given up on sex. Or have they decided its cheaper to get their kicks at home, with their own wives? Maybe the recession will turn out to be good for American marriages, as millions of husbands forsake the double D, 19 year old actresses of the porn films for the real flesh and blood women who love them. (This blonde is from the Girls Gone Wild website.)
I had to look twice to make sure this news item wasn't from the Onion. Who needs comedy writers when our headlines bring us this?
A clip from the Nov. 14 episode of HBO's Real Time with Bill Maher.
Some folks in the 9/11 Truth Movement are being deceived and playing into the hands of the men behind the curtain. I have heard several people in the 9/11 Truth Movement say that they are leaving the 9/11 Truth movement in order to promote aspects surrounding our financial system. Others have also stated that they are now going to only focus on getting off the grid, only on self survival aspects.
The recent economic events, bailouts, and crashes on Wall Street have been the focus of tremendous media attention on the financial system. Do you think that all this hype is a result of “freedom of the press”? The recent sensationalism by the press is part of the planned agenda. Everybody and their dog is talking about what a mess and outrage this economic scene is. That is part of the plan. Similar to the subject of global warming, there is such a prolific amount of “true ideas” on the subject of money that the common person is overwhelmed with information, confusions, and apprehensions.
Ray Nowosielski sent this out. It's very funny.
Hello Sharesleuth.com readers,
Sharesleuth has announced plans to create BailoutSleuth.com, a companion site that will track the government's $700 billion rescue plan for troubled financial institutions.
We're also looking to make two new hires for that site -- a reporter and a financial analyst. If you know of anyone who might be interested, please pass along this message.
You can read more at www.sharesleuth.com
*This company was started by Mark Cuban and a friend. I'm not sure how involved Mark Cuban is anymore, but he was at some point.
Edits: Blog Topics - "Bildergerg" to "Bilderberg"; "trilateral commission" to Trilateral Commission"
Get Your Dollars Out Now! FAST!!!
By Adrian Salbuchi
03/10/08 "ICH" -- - The events of the last two weeks have clearly revealed that the global financial, monetary and banking system imposed on the world by the power structures promoting "globalization" is fundamentally flawed, unviable and immoral in its effects upon the most all of Mankind. After allowing a small cabal of shady characters to illegitimately accumulate vast amounts of wealth and power over markets, corporations, industries, media, armed forces and entire nations, like the World Trade Center towers on 9/11, this entire System is now in free-fall, collapsing into itself in one massive implosion.
Flyby News Notes -
Editor - Jonathan Mark - www.FlybyNews.com
September 29, 2008 - Bailout Mania * WTC science * Extremists
"..After stealing a half trillion dollars to line the pockets
of their war-profiteering backers for the past five years,
after lining the pockets of their fellow oilmen to the tune
of over a hundred billion dollars in just the last two years,
Bush and his cronies -- who must soon vacate the White House
-- are looting the U.S. Treasury of every dollar they can grab.."
-- Michael Moore
1) Bailout Out of Balance, loses footing, what is next
- - Bailout bill fails on first House vote; what next is unclear
- - The Rich Are Staging a Coup This Morning says Michael Moore
- - The Bailout Is - Literally - Fascist
- - US Banking Collapse a 'Controlled Demolition' (and other tales)
- - David Ray Griffin: Bush Doctrine enters American vocabulary
- - Vice President Dick Cheney's Incredible and Deadly Lie
- - US Combat Troops in Iraq repatriated to 'help with civil unrest'
2) Scientists, Scholars, Architects & Engineers respond to NIST and more
- - Statement of September 11th Advocates Regarding NIST WTC7 report
by Thom Hartmann
September 26, 2008
For Grover "Drown Government in the Bathtub" Norquist, this bailout deal will work out very well. At a proposed cost of $4,780 per taxpayer, it'll further the David Stockman strategy of so indebting us that the next president won't have the luxury of even thinking of new social spending (expanding health care, social security, education, infrastructure, etc.); taxes will even have to be raised just to pay for the bailout. It'll debase our currency, driving up commodity prices and interest rates, which will benefit the Investor Class while further impoverishing the pesky Middle Class, rendering them less prone to protest (because they're so busy working trying to pay off their debt). It'll create stagflation for at least the next half decade, which can be blamed on Democrats who currently control Congress and, should Obama be elected, be blamed on him.
CREDIT DEFAULT SWAPS - THE INSANE PROBLEM AND THE RADICAL BUT SANE SOLUTION
September 25, 2008
By Chuck Simpson
The paramount reason for today's cancerous credit crisis is seldom even hinted and never explained.
First, a simple definition. A credit default swap is a form of insurance. A variant of mortgage insurance required of many home purchasers. An insurance policy that requires a company with financial strength to step up to the plate and pay the mortgage if for some reason the home buyer defaults.
A credit default swap is similar: If default occurs, an insurance company pays the income stream of the mortgage.
With one extremely important difference: Payments are made to the owner of the policy, not to the financial institution that stands to suffer a loss.
Financial institutions are allowed, through total lack of regulation, to buy and sell credit default swaps, or insurance they will be paid in event of default, on financial instruments in which they have no financial interest.
A former senior advisor to the U.S. Treasury and highly-regarded economics professor, Nouriel Roubini, says that Washington’s bail outs are “socialism for the rich, the well connected and Wall Street; it is . . . a corrupt system where profits are privatized and losses are socialized.”
In fact, this is a quintessential characteristic of economies run by fascist regimes.
For example, historian Gaetano Salvemini argued in 1936 that fascism makes taxpayers responsible to private enterprise, because "the State pays for the blunders of private enterprise... Profit is private and individual. Loss is public and social" (page 416).