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Duck Tales pwns the FED

Courtesy of 10/1/08 DailyPaul post -

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This is huge, folks, and it is hidden in a small, seemingly innocuous paragraph buried within this bill:

http://www.govtrack.us/sp...

SEC. 128. ACCELERATION OF EFFECTIVE DATE.
Section 203 of the Financial ( Read more... )

Added: September 29, 2008

The risk has been shifted to the tax payers on these bad assets and if they don't sell for enough then what? And no matter what a bail out(with a continued war) means more inflation.

Click to view

"Congress should be approving a direct recapitalisation of US banks - as the Swedish government was forced to back in the mid-1990s - rather than messing about with TARP. I fear that’s eventually what will happen. So this bailout is only round one."
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Uncle Sam Bigger Risk than Ronald McDonald
Bailout benefits only banks and their ( Read more... )

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Money and Votes Aligned in Congress's Last Debate Over Bank Regulation

September 26, 2008

Once in a century rip-off

Economist Michael Hudson: The bailout is a giveaway that will cause hyperinflation and dollar collapse

Bailout talks stall as Bush meets with Congressional leaders and Presidential candidates. German Finance Minister says US will ( Read more... )

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Watch that video.

Watch it twice, three times if you have to.  Go look at the other video, and the other Ticker referenced in there.

Now understand that there is no solution to this fast and vicious destruction of America's financial markets and financial companies until and unless the lying stops.

It has NOT stopped and in fact has gotten ( Read more... )

Seems the bet is due partly to the belief  the new Treasury debt offering will be ignored. Generally, the  the market is  telling us that the Fed's bailout plan will kick inflation into high gear.


( Read more... )

Economics / Credit Crisis 2008 Sep 09, 2008

By  Mike Whitney

On Friday afternoon the government announced plans to place the two mortgage giants, Fannie Mae and Freddie Mac, under “conservatorship.” Shareholders will be virtually wiped out (their stock already had plunged by over 90 per cent) but the US Treasury will step in to protect the companies ( Read more... )

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Once in 100 Years Credit Crisis, World Heads for Deflationary Collaps
Credit Crunch Cancer Metastasizing

Breaking News 9-2-08 8:00pm PST

Another Blow to Lehman Brothers:

Ospraie Fund, a big commodities fund partly owned by , Lehman Brothers, is closing down and will return money to investors after incurring big losses this year.

People ( Read more... )

Thursday, August 28, 2008 | 10:30 AM

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Goldman Sachs’ Jan Hatzius:  Durable Goods Orders: Don’t Be Fooled by Inflation

Durable goods orders beat expectations with a 1.3% month-on-month increase in July.  But the apparent strength is due to higher prices, not stronger activity. In fact, deflating orders by the producer price index for durable ( Read more... )

Mon Aug 25, 2008 7:00am CDT • The Mogambo Guru

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Category: Politics & Economics
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