I had no idea Mexico introduced silver as a competing currency.
Daily Archives: 10 September 2009
Bailout Propaganda Begins
Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again.
via As Biggest Banks Repay Bailout Money, the U.S. Sees a Profit – NYTimes.com.
It was inevitable that the same people who pushed through the multi-trillion-dollar bailout of Wall Street would come out later on and tell us what a great idea theirs turned out to be, in retrospect and under the light of evidentiary examination. And we’re getting that now, with a pair of reports, the above one in the New York Times and another in the Financial Times, telling us the bailout is working because the government has made some money on TARP. They came to this conclusion by quoting Fed officials, who apparently calculated how much interest the Fed earned on TARP investments above what it would have earned on T-bills. The amount so far, according to these worthy gentlemen: $14 billion.
This is sort of like calculating the returns on a mutual fund by only counting the stocks in the fund that have gone up. Forgetting for a moment that TARP is only slightly relevant in the entire bailout scheme — more on that in a moment — the TARP calculations are a joke, apparently leaving out huge future losses from AIG and Citigroup and others in the red.
(Read more from trueslant.com)
Establishment backing over Trey Grayson over Rand Paul for KY senate
On September 23rd, 23 US Senators are holding a $500 per plate fundraiser in Washington DC for Trey Grayson. This deck stacking favoritism in a hotly contested GOP primary is unacceptable!
Join in the fight and help Rand Paul deliver a knock out punch to establishment republican candidate Trey Grayson on the same date!
Cindy Sheehan Protesting Obama’s Illegal Wars Of Aggression
My dear liberal friends,
These wars are Obama’s now. If you hated Bush for bringing us these wars, what do you say now about Obama?
Cindy Sheehan, the famous anti-war protester who used to set up camp outside George Bush’s Crawford Ranch, is at it again. This time she’s on Martha’s Vineyard, and the war that’s got her all riled up has a new Commander In Chief.
“The reason I am here is because … even though the facade has changed in Washington D.C., the policies are still the same,” Sheehan said. (Read more from therobalution.com)