Monday, March 16, 2009

Americans Want Justice for Wall Street Crooks .

Indicators of avoidance are what come to mind while absorbing the various rescue, recovery, stimulus and guarantee programs coming out of the Obama Administration to slow and reverse a splintering and shattering economy. If the Obamites do not act now, when the political time is ripest, to put into motion forces of deterrence and prevention, the casino capitalists of tomorrow will again be able to de-stabilize our economy. The other day I saw Alan Greenspan, former chairman of the Federal Reserve, just about predicting another round of recklessness in about fifteen years. But he called it "human nature" not casino capitalism. Here are seven avoidance indicators which outline what Washington is not doing to prevent another round of greed and misdeeds by the Wall Street few against the innocent many throughout the country....Link

Investigation.. “Executive Assassination Ring”..

Washington D.C. (March 16, 2009) – Congressman Dennis Kucinich (D-OH) Friday sent a letter to Chairman Edolphus Towns of the House Oversight and Government Reform Committee requesting an immediate investigation into allegations made by the investigative reporter Seymour Hersh that the White House operated an ‘executive assassination ring’ that circumvented Congressional oversight. Kucinich explains in the letter that, “Mr. Hersh made the allegation before an audience at the University of Minnesota on Tuesday, March 10, 2009. He stated, ‘Under President Bush’s authority, they’ve been going into countries, not talking to the ambassador or the CIA station chief, and finding people on a list and executing them and leaving… It is a special wing of our special operations community that is set up independently. They do not report to anybody, except in the Bush-Cheney days, they reported directly to the Cheney office. . .Congress has no oversight of it.’” Kucinich adds, “If true, these operations violate longstanding U.S. policy regarding covert actions and illegally bypass Congressional oversight… Hersh is within a year or more of releasing a book that is said to include evidence of this allegation. However, we cannot wait a year or more to establish the truth.”....link

AIG finally names names................

NEW YORK (Fortune) -- AIG gave in to demands from Congress Sunday, naming the banks that pocketed billions of dollars last fall as part of a federal bailout of the troubled insurer. AIG, facing intensifying scrutiny of its pay practices and questions about whether taxpayer money has been well spent on its behalf, released a list Sunday afternoon of the firms that benefited from the government's efforts last year to prop up the New York-based company. The list is topped by numerous European institutions and two big Wall Street firms, Goldman Sachs (GS, Fortune 500) and Merrill Lynch (ML). AIG, which has avoided bankruptcy only because of $170 billion worth of taxpayer funding, said it released the list of trading partners, along with the sums they received, because the company "recognizes the importance of upholding a high degree of transparency with respect to the use of public funds." AIG said it made the announcement after consulting with the Federal Reserve, which has led the bailout of the company....Link

Stem the violence, make marijuana legal......

Imagine you had a really smart bomb - a genius bomb - that could blow up the leaders of every drug cartel in Mexico. By the time the smoke cleared, a new pusher would be sitting in every cartel's big chair and the distribution networks would continue satisfying the demand of every junkie and recreational-drug user in America. Mexico's drug cartels would continue to be, in the words of the Justice Department's National Drug Threat Assessment for 2009, "the greatest drug-trafficking threat to the United States."....Link

A.I.G. Paying $160 Million in Bonuses......

WASHINGTON — Obama administration officials and Republicans alike were nearly universal in condemning the $165 million in bonuses that the American International Group, which has received more than $170 billion in taxpayer bailout money from the Treasury and Federal Reserve, is to pay executives in the business unit that brought the company to the brink of collapse last year. “There are a lot of terrible things that have happened in the last 18 months, but what’s happened at A.I.G. is the most outrageous,” said Lawrence H. Summers, President Obama’s chief economic adviser, during an appearance Sunday on ABC’s “This Week With George Stephanopoulos.” “What that company did, the way it was not regulated, the way no one was watching, what’s proved necessary — is outrageous.”....Link

Bilderbergers excite conspiracists...........

The highest levels of the Obama administration are infested with members of a shadowy, elitist cabal intent on installing a one-world government that subverts the will of the American people. It sounds crazy, but that’s what a group of very persistent conspiracy theorists insists, and they point to President Obama’s nominee for Health and Human Services Secretary, Kansas Gov. Kathleen Sebelius, as the latest piece of evidence supporting their claims. It turns out that Sebelius – like top administration economists Timothy Geithner, Larry Summers and Paul Volcker, as well as leading Obama diplomats Richard Holbrooke and Dennis Ross – is a Bilderberger. That is, she is someone who has participated in the annual invitation-only conference held by an elite international organization known as the Bilderberg group. The group, which takes its name from the Dutch hotel where it held its first meeting in 1954, exists solely to bring together between 100 and 150 titans of politics, finance, military, industry, academia and media from North America and Western Europe once a year to discuss world affairs. It doesn’t issue policy statements or resolutions, nor does it hold any events other than an annual meeting....Link