Monday, April 5, 2010

Killing two reporters and six others.

US military personnel apparently mistook the cameras slung over the backs of two Reuters journalists for weapons when they opened fire on them and a group of people in a Baghdad suburb in 2007, recently released video footage purportedly shows. The whistleblower Web site Wikileaks on Monday released a 17-minute video of footage from an Apache helicopter that was reportedly one of two helicopters involved in a fight against insurgents in the neighborhood of New Baghdad on July 12, 2007...Link

Fed Reveals Bear Stearns Assets.

April 1 (Bloomberg) -- After months of litigation and political scrutiny, the Federal Reserve yesterday ended a policy of secrecy over its Bear Stearns Cos. bailout. In a 4:30 p.m. announcement in a week of congressional recess and religious holidays, the central bank released details of securities bought to aid Bear Stearns’s takeover by JPMorgan Chase & Co. Bloomberg News sued the Fed for that information. The Fed’s vehicle known as Maiden Lane LLC has securities backed by mortgages from lenders including Washington Mutual Inc. and Countrywide Financial Corp., loans that were made with limited borrower documentation. More than $1 billion of them are backed by “jumbo” mortgages written by Thornburg Mortgage Inc., which now carry the lowest investment-grade rating. Jumbo loans were larger than government-sponsored mortgage buyers such as Fannie Mae could finance -- $417,000 at the time...Link

40% of Tea Partiers are Dems and Independents.

For almost a year, the mainstream media have depicted members of the Tea Party movement as racist, right-wing extremists. On Sunday, a survey was released finding 40 percent of Tea Partiers are Democrats and Independents...Link