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Federal Reserve Has Until September 30 To Appeal Judge Preska's Decision
Judge Loretta Preska, who earlier this week ruled against the Fed in its long running FOIA lawsuit with Bloomberg, and demanded it disclose firms benefiting from and loan amounts handed out under various emergency order, has filed a stay on the original order and has awarded the Fed with a September 30 deadline to appeal the order. Mark Pittman at Bloomberg notes:
Fed lawyer Kit Wheatley told Preska in a conference call yesterday that it could take 30 days for the Fed to get permission for an appeal from Solicitor General Elena Kagan, the administration’s top courtroom lawyer.
Preska told the Fed they must file for an emergency appeal within three days of receiving permission with an ultimate deadline of Sept 30. The judge left it up to the Court of Appeals to decide whether to continue staying her order to disclose once the appeal is under way.
The Bloomberg lawsuit said the collateral lists “are central to understanding and assessing the government’s response to the most cataclysmic financial crisis in America since the Great Depression.”
And as the general public discovered by the Chrysler fiasco, the strict adherence to an impartial judicial system is not the Court of Appeals' strongest suit. In fact, all judges therein are likely currently having their phone numbers programmed into the speed dials of both the New York Fed and the various other independent administrations in D.C. for future usage.
One can only hope that at least Barnie Frank's strong endorsement (which we thank him for and which we will keep reminding him and his voters of consistently, in fact by shortly sending a letter to his office and CC:'ing all relevant parties, to inform them of Barnie's support) of HR 1207, and his promise that it will be passed by October, may be a slight consolation to all those who rightfully perceive even the judicial system is one penetrated by various crony interests, all of which are predisposed to maintaining the Fed's status quo, and whose opacity will be defended by all lawmakers, from the Court of Appeals all the way to the Supreme Court, to the benefit of Wall Street's oligarchy and to the facilitation of the extinction of America's middle class.
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Hear! Hear! Audit the Federal Reserve
www.RevokeTheFed.com March 2008WHEREAS, Article I, Section 8 of the Constitution of the United States of America authorizes Congress "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures";
WHEREAS, on December 13th, 1913 the US Congress enacted the Federal Reserve System;
WHEREAS, the Federal Reserve System is considered an independent agency within the federal government, with oversight of Congress and containing appointed public officials on its board of directors;
WHEREAS, the Federal Reserve System Controls the Federal Reserve Note, the official currency of the great nation of the United States of America;
WHEREAS, there may be controversies regarding the legality and constitutionality of the Federal Reserve System, it is recognized that the said system has operated continuously as the central banking system of the United States since the inception of the Federal Reserve Act of 1913;
WHEREAS, the Constitution of the United States of America granted Congress the authority to create the current Federal Reserve System, it also does grant Congress the authority to modify or revoke the Federal Reserve System;
WHEREAS, the actions of the Fedreral Reserve System represent the credit and currency of the United Stated of America to the citizens of this great nation and to the world;
WHEREAS, the Federal Reserve System, acting independently within the federal government allowed, supported, and even promoted parasitical and non-productive uses of the money and credit of the United States of America;
WHEREAS, the United States and likely the entire world's financial system is undergoing massive de-leveraging of the said parasitical and non-productive uses of the credit and money of the United States of America (as well as other nations' currencies);
WHEREAS, the US dollar, the "Federal Reserve Note" is declining in value due to these parasitical activites, as well as potentially other causes;
WHEREAS, it is recognized that the citizens of the United States and other nations did willingly participate at some level in the creation and propogation of said parasitical activities;
WHEREAS, it is also recognized that the United States of America, a sovereign nation, has the legal, moral, and God given authority to take actions to benefit its citizens and to protect its good name, credit and money in times of difficulty;
WHEREAS, it is recognized that the current time is such a time of great difficulty;
WHEREAS, it is recognized the parasitical financial institutions and their activities are at odds with citizens of the United States of America and the good credit and money thereof;
WHEREAS, the current indications are that the Federal Reserve System is acting to preserve the financial system currently flooded with the parasitical activities;
WHEREAS, the current indications are that the neither the Federal Reserve System, nor the Congress of the United States, nor the people of the United States have access to the books of the institutions being preserved by the Federal Reserve, and therefor the degree of inter-connectivity and risk associated with the institutions and other entities cannot be determined;
WHEREAS, the Federal Reserve System is accepting non-performing assets as collateral for credit with ultimate taxpayer responibility to entities not under its legislative mandate;
IT MUST BE CONCLUDED, that the Federal Reserve System is not acting to the benefit of the people of the United States of America, its credit, money, and good name;
WHEREAS, it is recognized that the political will and capability of the government of the United States of America may not be up to the task of prosecuting this proclamation ; It is also recognized that this may be the only hope for the continued survival of the United States of America as the great nation as it has historically existed.
NOW THEREFORE, it is PROCLAIMED by those supporting this Proclamation that the Congress of the United States of America FULLY NATIONALIZE the Federal Reserve System, and take full control of the credit and money of our great nation; The Congress must take whatever action necessary to seperate out, sequester, disown, or otherwise neutralize the effect of the parasitical financial activities which led to the current crisis; The Congress of the United States of America must reorganize, replace, or terminate the Federal Reserve System as appropriate; or otherwise devise a system for creation of the national currency.
IT IS FURTHER PROCLAIMED, that the Congress of the United States of America in cooperation with the Executive of the United States of America contact allied nations and any other nation willing to participate in the overhaul of the failing and parastical financial sytem currently in operation and create new treaties and alliances as necessary to create a sane and productive system of finance with the express goal of supporting a productive national, and by extension and through voluntary cooperation, world economy;
FURTHERMORE, it is PROCLAIMED that it should be the goal of such an international effort to maintain fair international trading practices allowing for protection in national interest of labor, resources, and productive capabilities;
WHEREAS, it is recognized that such a move on the part of the United States of America may result in the necessity of an isolationist policy IF the other developed nations do not follow our lead; If such occurs, so be it.
SO HELP US GOD!
Great logical breakdown...love it!
More due diligence will go into approving this tick turd lawsuit than went into all of last year's 2 trillion dollar deficit budget....
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
How long do you think the Fed can delay it?
Forever. Who will impose rules on them? What could the penalty possibly be? Cant fine them. Cant put them 'out of business'. Cant sanction them. Theres no recourse if they dont comply.
Repeal the Federal Reserve Act.
Change the locks on the doors of all Fed Reserve buildings.
Bring in the military if necessary. We'll start with the rubber bullets and work from there.
don't forget life imprisonment for alan greedscam,
ben bernanke, and asshole alan blinder,
former assistant fed vice chairman, who
said that the last job of the federal reserve
was to reveal the truth to the american people...
"How a revolution erupts from a commonplace event--tidal wave from a ripple--is cause for endless astonishment...
First a piece of news about something said or done travels quickly, more so than usual, because it is uniquely apt; it fits a half-conscious mood or caps a situation... The fact and the challenger's name generate rumor, exaggeration, misunderstanding, falsehood. People ask each other what is true and what it means. The atmosphere becomes electric, the sense of time changes, grows rapid, a vague future seems nearer...
As further news spreads, various types of people become aroused for or against the thing now upsetting everybody's daily life. But what is that thing? Concretely: ardent youths full of hope as they catch the drift of the idea, rowdies looking for fun, and characters with a grudge. Cranks and tolerated lunatics come out of houses, criminals out of hideouts, and all assert themselves...
Such is, roughly, how revolutions "feel." The gains and the deeds of blood vary in detail from one time to the next, but the motives are the usual mix: hope, ambition, greed, fear, lust, envy, hatred of order and of art, fanatic fervor, heroic devotion, and love of destruction."
--Jacques Barzun, From Dawn to Decadence
Politics make strange bedfellows. Freepers would figuratively need to link arms with LA gang members and the ZH fanclub find their allies amongst televangelists and sundry wackadoodle nutjobs slithering out from under overturned rocks.
Fucking whore. Totally expected. I think I'll go squeeze a few more rounds into the clip. It looks like I'm gonna need them.
I am Chumbawamba.
in the words of biggie, don't pack em clips too tight, them bullets need some room to breathe.
in all seriousness, a jam because you packed your clips too tight is going to suck a lot more than swapping clips.
just buy more clips!
I always leave a few out of the clip. Since doing so, I rarely have a jam. When I packed it full, the jams came more often. I know not why, I just do what works.
They are magazines, not clips, what the hell is wrong with you guys. Clips are used to load the M-1 Garand, '03 Springfield, Mauser Bolo, etc.
indeed. the "packing clips too tight" nonsense is a falacious and silly pissing contest. (you can't REALLY pack a clip (or a magazine) too tight - unless it's a faulty clip.)
why are people always so quick to spout stuff they "know" about guns, which usually is totally bogus?
i'm with all of you in spirit though. molon labe!
Sometimes, sanding the edges of the tops of the clips works. When they press the metal, it leaves a little bit of a burr and that catches the bullets.
Make the shot count, only takes one...waiting for the spark.
Yup...knew it was too good too be true..makes sesnse why financials were going up yesterday and later today... insiders already knew...
How many times must I say this? No more red herrings, no more strawmen and no more threats of imploding the system. Audit the fucking FED already.
Funny they can change Goldman and Morgan Stanley overnight to a bank holding company but they need thirty days to get in touch with the solicitor general.
Stop raping the US taxpayer.
Cheers
Lehman asked for bank holding company in the summer but the request was stuck in Paulson's red tape, while he calculated how much the take would be when his friends mopped up on the CDS's and shorts they had on Lehman--at least enough to tide them over while he spent three weeks threatening the end of the world while he got Congress to give 700Billion for friends of the Fed--and the Fed of course took the bank heist one step further printing all they want under their emergency take it and run provisions...23 trillion and counting.
To say nothing of disappearing December 2008 multi-billion $ losses.
We know they got printing presses. How about shredders and some really big assed magnets?
the place will be as clean as a whistle by October.
Just insane. Keep up the noise, sooner or later these fools will get it.
In the meantime, I don't see how anyone could justify banking with the Stress Test 19. It seems to me your money would be better off in a community bank or credit union.
BTW, what is taking the Judge so long to post? She off already today?
yo GFI; i didn't know Judge was a she. Thanks for clearing that out for me.
I'm thinking Judge is Yves...
wuzaaaaaaaaaaaaaaaaap dawg
OMFG; it makes sense; the lingo, the calmness, the spin; the inside knowledge etc. You really might be onto something ( I'm not kidding ); ever since she got trashed at her own blog ( and deleted the comments afterwards ) i wouldn't dismiss her posting here in order to discredit ZH. Hm; interesting.
who is Yves, some other blogger? i don't read many others (though KD makes me laugh, MAN that guy goes off sometimes)...
Yves runs nekkidcapitalism.com . . She trashed Tyler then Leo Kolivakis defected. It was full of lol.
google naked capitalism and yves smith
Yves is good.
Don't be a dick.
Childish.
It's either Linda Robertson or someone who works for her.
A fine move that was - hiring an ex-Enron lobbyist. Shows the total disdain the Fed holds for the American people, sort of an "in-your-face" move: "we're gonna hire someone from the poster child of corporate fraud.".
perfect symmetry....
Awesome; keeping the lid down and increasing the pressure on the people of the US will only make the inevitable explosion bigger.
Judge got a phone call. Isn't it obvious?
Yeah audit the Fed, and while you're at it I would like to audit the the Tooth Fairies account, I would like to know what she is doing with all the extra enamel, and also, we should keep a close eye on Santa Clause, aka Christopher Kringle, is he really bringing ALL of the good little boys and girls a proper and fitting gift?
My point is no one is going to audit the fed cuz some people typed about it on the goddamn Internet. You want it done, do like Tyler says, copy Barny Frank's speech (you can get it all typed out for you over at Mish's blog.) and send it to you Senators and House Representative, follow up with a phone call everyday and verify that it has been received. You should send copies to both local and Washington offices. You can fax it if you prefer, but I would also send a letter. If you fax, do it everyday along with a phone call.
Yes they will get irritated, that's the point!!!
Assuming HR 1207 passes, I'm pretty positive Obama will simply veto it.
that would certainly give him a little conundrum on the whole transparency thing, eh?
naturally, he'll get all "presidential" and pull out the national security card.
speaking of transparency i'd like to see the
liar pull out his legal birth certificate
document....
"naturally, he'll get all "presidential" and pull out the national security card."
I have come to think of it more as a blanket lately. Anytime someone asks something they don't like, it is the first thing they grab.
That would be awesome, more ammo to get that fool out of office.
To be replaced by another fool, of course...
But I would rather knowingly elect a criminal than have to listen to the idiots go on about hope and change. Let's just skip the prelims and vote in Blankfein.
Ghost, so right you are. Taxpayers should withdraw from the bailed "19". I personally use USAA - the bank of the military - if they are having insolvency issues then we as a country are having bigger issues.
Cheers
USAA is a fine upstanding institution, if you can use them (not everyone can) then I would highly recommend it.
If this country got back to a more disbursed deposit base, the Fed would lose a lot of power, it is much harder to coordinate fraud and political capture across 8000 banks versus 19.
Well said ghost. The proles need to realize they have some power in the finance charade and if you want to hurt the bailed "19" simply withdraw your money and deposit it into a non-bailed institution.
I appreciate your comments.
Cheers
IF READERS HERE DO NOTHING ELSE...get your deposits out of TARP-receiving institutions. KD at MT said it best - show your disgust in the only language they know - MONEY!
So many solid community banks. Well only 6 in Florida but I digress...
http://www.thestreet.com/bank-safety/index.html?src=ratingsindex&tab=3
Yes, it MUST be done, it is the only hope we have left to save our country.
STARVE THE STRESS TEST 19!!!!!!!!!
Did this in 2007 before the insanity began. Cash in overseas banks only, cash on hand, NOT A SINGLE cent in a bailed-out US institution, no financial products, no insurance products. Family did the same.
We can vote with our cash, peacefully, that is real power.
Dont judge her too harshly, they are probably holding her family until after the appeal, if she ever wants to see them again.. it'll go the fed's way.
Why don't you guys understand that if they are forced to disclose so much as the favorite dog-walking park of even one mail room employee at a major bank, then the entire financial system will collapse, NASCAR and apple pie will spontaneously combust, and the Statue of Liberty will get herpes?!
Stop asking questions of these innocent pillars of the community!
(Oh, and hurry them their next check.)
the statue of liberty has aids..
had hoped she'd stand firm but knew she'd cave-between the shredders and corrupt cronies, all hope for exposure on this one is gone and forget about confidence in B.F. and friends
Fed lawyer Kit Wheatley told Preska in a conference call yesterday that it could take 30 days for the Fed to get permission for an appeal from Solicitor General Elena Kagan, the administration’s top courtroom lawyer.
Please help me out here....I understand Fed is an independent organization. I understand the role of the Solicitor General. Why does Fed need permission from the SC? I'm really confused and would appreciate a clarification. Thanks very much in advance!
good question
Goldman and Morgan Stanley were approved overnight as bank holding companies. Yet we need 30 days to track down a solicitor general.
Hmmmmmm
mayhem...got 2 failures today......i know we've got more time for the left coast, thought we would have more today in the theory of sneak as much bad news in on fridays in august. hell, neither of the two were from georgia either
well, i've read a bunch of stuff this evening and still don't have a definitive answer. i was aware that the Solicitior General represented the US in the SCOTUS. I discovered that the SG decides, among other things, if appeals should be made, on behalf of the United States government...(my italics). A former SG, Waxman, summed it up by saying the the SG ensures that the government of the United States speaks with one voice.
I went through some of the Justice Dept stuff but cannot find any specifics about the Fed and the jurisdiction of the SG relating to the Fed.
Still need help from someone who understands this area of the law, justice dep't stuff, etcetera. Maybe it is outlined in the Fed Reserve Act, will check that out.
The Fed qualifies as a federal agency for FOIA purposes. FOIA (5 USC 551) states: "“agency” means each authority of the Government of the United States, whether or not it is within or subject to review by another agency". I believe that, being established by the authority of Congress, the Fed thus falls under FOIA's definition of agency. So in this case, even though it may be thought of as "independent", it's part of the government because it was created with the government's authority.
Thank you Intuition....makes all the sense in the world. I appreciate you taking the time to respond. Good luck to you
Anytime deadhead. I love a nice little research project--one that actually lets me put my legal education to work is even better.
And I'm constantly confused when it comes to understanding the Fed, believe me, which is why I'm willing to help a fellow space monkey try to figure this nonsense out. Cheers!
backatcha and thanks again.
Thanks to you both. It's going to take a team effort to put all the pieces together. Anyways, I hope people on here don't get distressed and lose steam in the coming months and years as the Fed fights like a threatened caged animal (as someone else has said here).
Personally, I think that there is one thing everyone is missing in this whole fiasco: if the Fed, banksters, etc., do decide to implode the world, they will be biting off their noses to spite their faces. If ever there is going to be an upswing of grassroots discontent with the oligarchs it will require a galvanizing event of epic proportions. In my opinion, if we see a return to real, actual, daily-life-affecting hardships like food lines, then, and only then, will we see a critical mass develop.
I was wondering that too, any clarification would be appreciated. Maybe one of the 40 TDs could research?
This question has Marla's name all over it....Marla? How about some of that reformed legal stuff for us kids...thanks!
I think there is only one TD, he may have people bring him stuff, but it is always TD...he has a signature writing style.
Certainly at the onset of zh, there was only one TD...I recall him specifically saying so and, yes to the cynics, I did believe the statement at the time. I am inclined to think there is only one TD as well. Smart guy.
Some things are better run this way when there is an elevated interest
agrotera
Sometimes the posts are too tame and I feel like they are not "him." Some of them have a scathing sarcasm I adore and I feel like those are "him." I know I don't know a thing, but it is fun to write their story for them.
Resistance is not futile.
Hi MsCreant! I appreciate your thoughts! If you know nothing, then you are like Socrates!
i'm also confused about how an emergency
spending bill starting at hundreds of billions usd
then leading to trillions could be passed
through both houses of whoredom in a week but
it takes 30 days to get on ms asswipe's
appointment calandar....
more due diligence will go into approving this
tick turd lawsuit than went into all of last year's
2 trillion dollar deficit budget....
Will the Fed wait until the 30th until before it announces it's above the law and doesn't need to bother with the courts anymore ?
Yes, only in America, recount is legal. In all other places, recount amounts to vote-fraud per se.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
So what will everyone do when Yer Honor rules that since the Fed is a creature of the Congress, Congress must decide the level of compliance required of its creation?
CW
It's interesting that the date is Sep. 30 because that's the end of the Dump City's
(Hollywood East) fiscal year. Maybe, by then, transparency won't be needed as...????
Let's face it, they have something to hide. Even if they did fork over the info, should we believe what they fork over? They have lied continuously...can we expect that all of a sudden they will turn honest? What's the odds on that? As for equities, with all the "printing" of money...they can keep this going for quite some time. So far they have. Fundamentals will, in all probability, rule in the end. Personally, I day trade currencies
only...in the same day I can be short the dollar and long the dollar. Forming
an opinion of the market is dangerous these days. Just follow the current flow
of the river. Have a great weekend all!!!
Will never happen.
No way will HR 1207 or this lady Judge force the Dogs out of the Pound.
Not now.
Not ever.
............
Don't worry about where you Bank, personally or the Friday Failures but ask any Comm Banker and he will tell you:
Ooohhh, watch out for the CRE MBS mess...THAT is the next big shoe to drop and drop and drop---dribbling on and on as they mature!
Greg
Why is the Barney Frank link at the end gone? Anyone else have that problem...Barney already called the support off????
Unfortunately, I fear this may be the early warning signal of things to come. And not in a good way.
Fold.. Into oblivion
layne...do you have any idea on the legal relationship discussed above re: the Fed's lawyer needing permission of the Solicitor General to appeal? thanks.
The matters are on point of one or more Executive Orders relating to national security. In events where there is the necessity of addressing inter agency responsibilities in the fulfillment of a legal issue regarding a NSEO the case is sent to the governments lead attorney, The Solicitor General of the United States (when the white house decides not to handle it in house) to ensure that all of the actions being undertaken conform to the NSEO. The SGUS is the one called upon to argue high profile cases before the SCOTUS on behalf of the government.
What we are seeing is a hyper engaged government that is preparing for the matter to be brought to the SCOTUS and is placing the Solicitor General at the top of the pyramid, now. As some would say; "There is to be no mucking about on this one".
P.S. Remember, there is a whole lot more going on here than is in the public domain. This administration does not have the in house firepower (serious or subordinated) that the previous administration had. Obama's chief counsel announced his resignation not long ago and there is no David Addington in Biden's office to handle this one on the side. I suspect that there will be a great deal of legal analysis continuing to be provided by the usual suspects on this one.
Hope that convoluted bit helps DH.
Not convoluted at all and I always enjoy your insights Layne...thank you! As we can suspect, the Fed will drag this out as long as it can. Even if SCOTUS were to uphold Preska's ruling, Obama can invoke national security as you seem to have suggested.
I suspect we will never completely find out what is on the balance sheet as any sitting President is going to be very careful about allowing leakage of info that could cause the shit to really hit the fan.
"Stability" has now become synonymous with "security" within the public policy apparatus DH.
Pleasure.
BTW, Tom a Taxpayer had a great insight on the Bloomberg announcement thread when the decision first came down that is worth a look see.
"Stability" has now become synonymous with "security" within the public policy apparatus DH.
It always has been. And frankly, that gives us leverage. The thing that will shock Americans off the fence and into the street is a forced recognition that we are, right now, living under de facto economic martial law. It simply is not yet de jure.
Once enough light is shined in the right places, and enough government agencies invoke "privileges", the dam will burst. The leverage? We outnumber them so vastly that they cannot resist us if we proceed on numerous fronts, merely by shining light. By doing so we can force them to, literally, call out the troops. Middle class Americans are not so much submitting as they are cooperating. That cooperation ends once they see how far this government is willing to go to stay on top.
Turn up the pressure. This government can be counted on to act stupidly.
SWR, until recently there had been a huge disconnect between "national security' and "economic security" issues in many public policy venues. Just look back on the last prez campaign primaries and the debate on this differential is clear. However, those with the know and connections have worked tirelessly to prepare for this eventuality and have been shaping events in a way that makes their unwinding all but inevitable given the right stimuli.
True enough, the avalanche has started moving. Time to keep on lobing rounds into the unstable hillside.
Turn up the pressure. This government can be counted on to act stupidly.
Yes indeed. I know more and more folks are now willing to stand and that has always been the key factor. The exercise of this sort of power, either de facto or du jure is always reliant upon the wiling consent of the governed. There it is.
"...until recently there had been a huge disconnect between "national security' and "economic security" issues in many public policy venues..."
Reminds me of an article in Newsweek back near the beginning of the Obama admin wherein Panetta was quoted that in addition to the (national security based) PDB, the CIA was presenting to the Prez an Economic Daily Briefing (EDB) focusing on political/civil unrest due to economic maladies. I think it's safe to say the EDB doesn't contain the numbers and data shit that comes out of the Summers, Geithner, Fed gang. More like which international regime/state is falling apart and though it will never be admitted, I imagine there is lots of domestic fodder such as militia groups, and....do I dare say, ZH type blogs?
The brief happens daily with Summers and assoc. and other officials as appropriate; see http://www.zerohedge.com/article/federal-reserve-loses-bloomberg-foia-la... If it does not work look up #46988
This process and the influence of places like this is one can be discerned with Frank's actions, SEC/BofA, the discussion of Tobin, Bloomberg and so much more this past week. Always look at the what, where and how and piece them together DH. This is what makes the actions of the oligarchs so predictable.
http://www.youtube.com/watch?v=J2DX9Iu4wNo&eurl=http%3A%2F%2Ftheautomaticearth%2Eblogspot%2Ecom%2F&feature=player_embedded
Once in the internet, you can hide, but you can't run.
Stand back far enough and any problem can be put in perspective. Bubbles are just the economy's way of consolidating and expelling waste product. Think rash turning into a boil, before popping.
You think the situation looks bad from here? Do you really think those fools at the top of this crumbling Tower of Babel are getting a good night's sleep?
What are the bankers going to do when the dollar does implode? What are the politicians going to say when the green shoots they sold their souls for turn out to be poison ivy? What is the military going to do when the buckets of money it pays its contractors and suppliers turns into toilet paper?
You want my opinion? States are going to be forced to set up their own public banking systems and funnel the proceeds into their own treasuries, as DC and New york implode.
Ellen Brown seems to be taking the lead on this;
http://www.webofdebt.com/
http://www.huffingtonpost.com/ellen-brown/the-public-option-in-bank_b_25...
It's 22:04 my time (Ontario, Canada)(My igloo is not quite melting, today)
Can Marla come our and play, tonight ?
Tried last week. Too somatic, too mind deadningy oppressive. Lets try again.
A couple or nine Crown Royals, put me here. I am always open to new experiences, even when it makes my head feel like it is going to explode.
Bring it on, woman. Can Marla come out and play ?
Dave.
Barney Frank does NOT support HR 1207--that bill has been stuck in the committee HE chairs since February because he sat his fat ass on it. He's not even one of the bill's 282 cosponsors!
Whatever support Frank is giving the bill right now is to cover his corrupt, bank-executive-banging self--it's definitely NOT because he believes in government transparency or fixing the American economy. I'd expect people here would realize that a Congressman whose only real skill is inflating government-sponsored housing bubbles and blaming others when they pop doesn't have anything other than his own best interests at heart.
the only thing barney frank supports is another
sausage up his hole...
We realize it. Still and all this is one worth being engaged in if I may say so. Let Frank do what he does. It becomes part of the record once he does whatever it is he is going to do.
From ronpaul.com:
"With “This will probably pass in October”, Frank is referring not to HR 1207, but to his own financial regulation bill, which might or might not include some aspects of Ron Paul’s HR 1207. The preceding sentence, “That will be part of the overall federal regulation that we are redacting,” is for some reason missing from the widely distributed transcript, and has therefore been completely ignored by bloggers and commentators.
In recent weeks Ron Paul repeatedly warned against just this sort of thing happening: that HR 1207 might become part of a more comprehensive financial regulation bill and be watered down so that it appeases the angry masses without instituting any real changes. It would be an irony of history if that happened — if HR 1207 were watered down and integrated into an unconstitutional bill that Ron Paul would have to vote against."
Damn. I was looking forward to the market tsunami on Monday when Bloomberg put out the report. May have to tighten up the stops for the upcoming short squeeze.
Yea I was looking forward to that is well...knew it was too good to be true
If the FED is audited, then we will all get a good look at the abyss that Paulsson saw. Everyone will get to see the scale of the mess that has been created, and I'm guessing, goodbye fiat currency, goodbye civilisation as we know it.
Or maybe a couple of asprins and a good nights sleep, and it'll all be better tomorrow.
Only if we find colonial scrip in our wallets & accounts.
what the fuck? How about september 1st. Let's get on with it already.
The Federal Reserve System Controls the Federal Reserve Note, the official currency of the great nation of the United States of America;
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
Looks like the attempts to get Dick Cheney to reveal the workings of his energy task force, doesn't it ? One of many many analogies between the Obama and Bush administrations' crony opportunism response to a crises.
Are you out of a job? Well the Fed is here to help as they need to beef up their army of lawyers..
http://www.federalreserve.gov/Careers/attorney.htm
Layne and DH: Thanks for the discourse.