caseyresearch.com — Every now and then a "what if" moment pops up in an email.
Once you get by the somewhat cynical review of GM's current condition, then the one about dogs sniffing out dollar bills on the Mexican border, you get to the one about the US national debt which had me reaching for my tin foil hat, but then I thought....
smirkingchimp.com — Today, the ACLU and the Center for Constitutional Rights are in court seeking permission to represent a US citizen on Obama's hit list, Anwar al-Awlaki, in his quest for due process. Yes, you read that right: they had to go to court to ask for permission to represent a US citizen in his quest to not be assassinated by the president of the United States.
This article is introduced as my own because the URL doesn't fit the CAF publish URL limit. It is an embittered review of a lost opportunity. Who is Obama? Who does he work for?
It would be tempting to smile at such a wry observation if the situation it described wasn't so depressing. For what the US political establishment's non-response to the credit crunch illustrates is this: such is the lobbying power of the big Wall Street institutions that they not only caused a global economic crisis and then forced the US government to pay for a massive bail-out, but then used a slice of that bail-out cash to bribe politicians with campaign donations in order to block rule changes that might prevent a repeat performance.
projects.washingtonpost.com — Say hello and welcome to America's 51st state, the state of Paranoia. Boasting a population of 854,000 and counting it is a virtual state who's main export is dubious, costly, conflicting intelligence produced by adversarial aggressive internal bureaucracies at each others throats.
How much does it cost to bankroll the state of Paranoia? Who knows? Who cares?
"You shouldn't be asking....."
Why?
"Its classified sir...... and Sir could you suck on this DNA swab sir?".....
alternet.org — A financial wormhole opened up on Wall St sucking 9% of America into its darkened vortex. This truly was a 'holy crap' moment. Gobsmacked redundant traders stood uselessly by as the machines took over and sold and sold and sold and sold.
Will we ever know the culprits or the truth? Doubtful.
We do know the algorithm of financial destruction abides within the system and eliminates human intelligence as required
"We thought it would help us figure out how the housing bust is playing out. So we pooled our own money, about $1,000 in total. We sent David and Chana out to Kansas City, where a former Wall Street guy named Wit Solberg evaluates toxic assets for his clients and sometimes buys the assets himself.
Wit sold them a sliver of a toxic asset he'd bought for $36,000. It was marked down from the pre-crash price of $2.7 million."
alternet.org — MATT TAIBBI: Well, JPMorgan was the big one. The big player in this was a JPMorgan banker named Charles LeCroy. And there’s a hilarious record of—JPMorgan was taping their own phone conversations, and we actually hear this guy LeCroy talking about how he went to the county commissioner and said, “Just tell us how much you want, you know, for us to get this deal.” But he hasn’t been prosecuted for this. Nobody at JPMorgan has. They had to pay a fine, and they had to forgo a $647 million bill that they presented to the county, but nobody’s going to jail. And that’s—again, that’s another consistent theme of the financial crisis.
enn.com — The Arctic was a very different place 3,000,000 years ago, between 10 to 18 degrees warmer, sea level 35 Metres higher, with the average temperature of the Earth only 3 deg warmer, and all without human help..
"We have been here before" and we will be again.
"In ... Bolivia, the La Paz governor is already anticipating severe water shortages and considering a program for migration out of the capital city. The 18,000-year-old Chacaltaya glacier, home of the country's only ski resort, disappeared in 2009."
alternet.org — "...The folks running Fannie and Freddie prior to their collapse pocketed tens of millions of dollars in compensation. The Treasury now tells us that their incompetence could end up costing taxpayers more than $400bn..."
reuters.com — BOCA RATON, Florida (Reuters) - Corruption, whether in the form of crooked officials, financial fraudsters or even philandering sports stars, is tearing at the fabric of U.S. society and is the country's No. 1 criminal threat, a senior FBI agent said on Tuesday.
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