So Paulson, in consultation with Bernanke, could “deem it necessary” to “stabilize” the financial markets by buying boat loads of gold. Or by cornering the market in uranium or platinum.
Or they could decide that they needed to buy Microsoft and Google.
Just like Bush and Cheney have gotten us into oil wars and wars to protect Israel under the guise of being necessary to protect our national defense, Paulson and Bernanke could do anything they want by pretending it is for the stability of the financial markets, especially since no one could challenge their actions in court.
The bailout of Wall Street’s largest players by the federal government is another example of the Bush administration pursuing a corporate agenda at the expense of average Americans, a prominent author argued on Friday.
Two Canadian soldiers were convicted and fined in Cyprus last March for hitting on a man's wife and then hitting the man when he objected. Allegedly, there was also some spitting. Gross.
Typical of the military, Canadian Forces spokeswoman Lieut. Isabelle Riche refused to give details or name names when the story broke, but was quite willing to misrepresent the truth as to the extent of this sort of out-of-control behaviour in Cyprus. From the National Post:
These are dark times. While you were sleeping the cockroaches were busy about their work, rummaging through the US Constitution, and putting the finishing touches on a scheme to assert absolute power over the nation's financial markets and the country's economic future. Industry representative Henry Paulson has submitted legislation to congress that will finally end the pretense that Bush controls anything more than reading the lines from a 4' by 6' teleprompter situated just inches from his lifeless pupils. Paulson is in charge now, and the coronation is set for sometime early next week.
How about swarming the courts? New case law indicates that a majority of the 750,000 homeowners expected to lose their homes this year could have a valid defense to foreclosure. As much as $2 trillion in real estate may be vulnerable to this defense, providing a very big stick for a lobby of motivated debtors. Mobilizing that group, in turn, could light a fire under the investors in mortgage-backed securities -- the pension funds, money market funds and insurance companies holding these "orphan" mortgages.
In the wake of last week’s financial meltdown, Sen. John McCain (R-AZ) has been calling for more regulation and criticizing lax oversight of Wall Street, despite the fact that he and former senator Phil Gramm passed much of the deregulatory reforms that led to the current crisis. Interviewed on CBS today, however, McCain said he does not “regret” championing the deregulation of Wall Street:
Q: In 1999, you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now?
McCAIN: No. I think the deregulation was probably helpful to the growth of our economy.
It is a private company, owned by the same people (major U.S. banks) who own the Federal Reserve Bank. And if they all stick to their job, and just keep the money and your stocks flowing smoothly, I'm sure that is all well and good. But if somebody at some point should decide otherwise, and there's a national U.S. emergency and/or the U.S. government becomes unable to pay its debts, well, they might just not give you your stocks back. Because legally they own them. Something to think about.
The Founders created a constitutional republic, not a
democracy. They knew that it was way too easy for the majority
in a pure democracy to violate the natural rights of the
individual. As Jefferson stated, “A democracy is nothing
more than mob rule, where fifty-one percent of the people
may take away the rights of the other forty-nine.” Their
intention was to do everything possible to put into place a
form of government that would keep indigenous power from
being usurped by surrogate power. The only kind of government
entity that can maintain indigenous power is one that
“The League of Women Voters is withdrawing sponsorship of the presidential debates … because the demands of the two campaign organizations would perpetrate a fraud on the American voter. It has become clear to us that the candidates’ organizations aim to add debates to their list of campaign-trail charades devoid of substance, spontaneity and answers to tough questions. The League has no intention of becoming an accessory to the hoodwinking of the American public.” - LWV Statement 1988
When I see what's going on in our country these days, I can't help but think that it's no accident. When you consider all the things that are going on now and have been going on for the last seven years, I think that it's no accident or an unforseen set of circumstances.
"It is hard not to conclude that Russian prime minister goaded the rash Saakashvili into invading South Ossetia by encouraging Abkhazian and South Ossetian irregulars to attack Georgian outposts and villages on the peripheries of the two enclaves. Secretary of State Condoleezza Rice reportedly told Saakashvili not to respond to such provocations when she met with him in July. Apparently her advice fell on deaf ears. Far more enticing, it seems, was her promise of strong U.S. backing for Georgia's rapid entry into NATO.
Let me first point you to the Bush administration's so-called Wall Street bailout bill, here, so that you can see for yourself that this treachery is being conducted in the light of day. Fascism is finally and formally out of the right-wing closet even if the F word is not yet openly being used (although it should be, and often).
During the frontier period, when the government that afflicts us was still in its pupal stage and (therefore) most of North America remained relatively free, Washington employed an interesting method of stealing land from various Indian communities.
Elderly people with dementia are ‘wasting’ the lives of those who have to care for them, one of the country’s most influential experts on medical ethics said yesterday.
Baroness Warnock said that for the old and sick who are contemplating dying, ‘there is nothing wrong with feeling you ought to do so’.
Her remarks in an interview with a church journal were the first public suggestion from any expert with close links to Whitehall that euthanasia should not only be legal but that elderly people should be pressed towards death.
Was there a top secret and mysterious operation of the US Marines going on inside the Marriott when it was attacked on Saturday evening? No one will confirm it but circumstantial evidence is in abundance.
Witnessed by many, including a PPP MNA and his friends, a US embassy truckload of steel boxes was unloaded and shifted inside the Marriott Hotel on the same night when Admiral Mike Mullen met Prime Minister Yousuf Raza Gilani and others in Islamabad.
We hope you’ll join us. We are a multitude, and we have been on the increase for forty years. Forty years, and now our time is at hand.
You looked for us when you sought an object for your ill-conceived charity, but we quietly sent you away. We who will not vote, who will not gratify you with an opinion of your foolish and indistinguishable pretenders to this or that throne, we infuriated you. You called us apathetic for refusing to play the game. Refusing even to register. You said it was the only game in town.
Adding to his fast growing list of gaffes, McCain confused the National Guard with the Army during a Townhall meeting.
The large contingent that deployed from Alaska to Iraq on September 11, 2008 that McCain refers to, was not of the Alaska National Guard but was in fact the Army's 1st Stryker Brigade Combat Team, 25th Infantry Division.
McCain also noted that Sarah Palin's son was a member of the National Guard which is also incorrect. Palin's son, Track, is a member of the Army.