Ex-Citigroup Robber Barons Mexican Standoff With Congress

That's all these hearings are. I would go as far as to say they probably scripted a lot of it so it would look as if these men were actually being scolded for taking on $50 billion of toxic assets at the end of the gun barrel from the fat fu**'s on the other side of the tables. 

That's right, Barney Frank, Chris Dodd Inc. et al 

In fact the only people not responsible who aren't in that room with them all would be the people at AIG, Goldman Sachs and Obama himself. It's like a financial Mexican Standoff Show being put on so the sheeple think something is actually being "done" about the trillions of dollars of American's hard earned wealth that disappeared overnight essentially. 

It was like the Lufthansa heist in Goodfellas. They walked in broke and walked out with a motherload of our money without lifting a finger with the keys to the vault in their possession ,and no ones the wiser for it. At least as long as democrats and week kneed republicans cover each others asses left and right.

Especially since they have so much ammo on one another to sink their battleships that when those cable channel cameras are off, this is what it looks like right now in backroom Obamaland DC/

Ex-Citigroup leaders defensive on crisis  - Yahoo! News UK: "Charles Prince and Robert Rubin, who led Citigroup in the run-up to the 2008 banking crisis, voiced regrets on Thursday, but accepted no responsibility for the mega-bank's massive losses.

Charles Prince and Robert Rubin arrive at the Financial Crisis Inquiry Commission hearing …More Enlarge photo

The two came under heavy fire in a congressional panel hearing for being blind to Citi taking on huge financial risks under their watch, leading ultimately to the bank's near collapse, prevented only by a $45-billion (29 billion pound) taxpayer bailout.

His hands visibly shaking as he answered questions, Rubin, formerly U.S. Treasury secretary during the Clinton administration, told panel members that he was not a key decision-maker at Citi during the worst of its troubles." continued

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Send Chuckie Walking next / Larry Kudlow May Run Against Schumer

State by state and office by office it's payback time, and if we conservatives, libertarians and disillusioned independents all focus on every state race and turn them all national, we can pump nationally raised money into these local campaigns bypassing the RNC  that they wouldn't have without the net and blogging networks.

And thus run the bums out using the new "Brown Blueprint".

"Move On" and dems did it against us, now it's time to turn the tables and send em all home, along with subpoena's to appear later for their participation in the Financial Tsunami, which in Schumer's case was  causing a run on Indymac banks after making this comment:

Here's from the press release issued by IndyMac's regulator, the Office of Thrift Supervision: 'The immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles [Chuck-U] Schumer of New York". (source)

So he and a host of top level dems including Barney Pud and Christopher Dud  got self written hall passes on that, due to all the surrounding bank bailout confusion along with the election, leaving nothing but out of control democrats left in DC (pun intended)  who widely misread their mandate which they really didn't have, as demonstrated by the Scott Brown Monumental Kennedy Seat Slaying Win.

So after his removal it should then be .....

I'm not a huge fan of Larry Kudlow and I don't live in New York anymore so obviously can't vote there, but if he chose to run and won, he's a huge improvement over Schumer, that's for damn sure.

Newsmax - Larry Kudlow May Run Against Schumer: "Fueled by Scott Brown's stunning 'Massachusetts Miracle,' the New York political scene is buzzing with talk of a movement to draft Larry Kudlow to challenge liberal New York Sen. Chuck Schumer.

Some grassroots activists in the Empire State have gone so far to establish a Draft Kudlow committee to encourage the top-rated CNBC talk host to join the political fray.

Lawrence 'Larry' Kudlow is a well-known economist and former Reagan adviser.

Schumer's Senate seat is up for grabs in November.

Conventional political wisdom has been that Schumer would be unbeatable this year, an incumbent as he is in one of the nation's bluest states.

But Massachusetts has changed the political chessboard.

Newsmax has learned that a coalition of conservatives, tea-party activists, and Republicans are joining forces to draft Kudlow to take on Schumer, who is considered one of the more liberal members of the Senate.

'It's time for Chuck Schumer to be sent packing,' Draft Kudlow co-chairman Mike Caputo tells Newsmax in an exclusive interview. 'It's very clearly been time for quite a while, but with Scott Brown's victory, the alarm clock is going off."

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Foreclosures hit record high in 2009 - (Hope and Change Alert)

Jan. 14, 2010: "NEW YORK (CNNMoney.com) -- Almost 3 million homeowners received at least one foreclosure filing during 2009, setting a new record for the number of people falling behind on their mortgage payments.

RealtyTrac, the online marketer of foreclosed homes, reported that one in 45 households -- or 2,824,674 properties nationwide -- were in default last year. That's 21% more than in 2008, and more than double 2007's total." continued

Welcome to the age of Obama as they destroy the system to replace the system. Hopefully you're not in one of these states at the moment as the Obama administration stays in deep denial their programs "ain't cuttin' it", which only lends credibility to the Glenn Beck charge that "they can't be this stupid so they must be doing it on purpose utilizing 'Cloward Piven stategies'" which I happen to subscribe to as well, now that he proves it daily on his shows.

They know what they're doing, it's their followers who either don't get it,  or simply "want to be owned by the government" because they can't cut it out there on their own, which is admittedly harder to do in this global economy, but America's never been on the bottom before, so lets not start being losers now.

Otherwise, if they are indeed this economically stupid, it took "Jimmah" Carter 4 whole years to suck this much. Damn.

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Column: No consequences for lying mortgage borrowers (seattletimes.nwsource.com)

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• NC foreclosure filings up by 17 percent in 2009 (sfgate.com)

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Pictures & Vid Show Depth Of Desperation For Many Americans This Thanksgiving (sad)

Warning, Obscene, Tear jerking footage, remove all starving children from the room or to the back of the trailer near the weapons and bibles....(how the left thinks we ALL live, I do, except for the trailer part, yet ...never know what's up ahead with Doh bama in office)

One note, not a single higher level  republican was at that little shindig last night so it was a completely partisan event. Even John McCain got the Kenyan shaft and spear.

Apparently San Fran Nan was a little miffed when a reporter dare ask if she was indeed wearing a starting at around $1500 Armani gown probably more in the 5 and up range for her during the worst recession in American history supposedly ..Times are tough alright. From Politico

 Sure Looks Like John Edwards's despised Two America's has been realized....except it consists of Elite libs like he,and his friends and then everyone else on this side.....

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Sen Chris Dodd diagnosed with prostate cancer

Looks like Mr Dodd should have had himself examined for the prostrate problem more often perhaps.... especially since he and cohorts sure haven't minded giving America a collective prostrate exam for far too long now.

Hopefully he recovers in fully and soon so he can stand trial with the others who were knee deep in America's financial tsunami around 2012 or sooner...Get well soon Mr Dodd.

Maybe now he can spend some more quality time at this little hangout he has in Ireland which he's presently in some hot water for over there due to, now check this, a "too high" real estate appraisal..imagine that.....

I think they're saying  ...

"The Irish-American Democrat’s 2008 financial disclosure form, which was released on Friday, stated that his cottage on Inishnee, County Galway, is worth $658,000, about three times as much as Dodd had been reporting in past years."

So, an international banking fraudster working as a US senator, what a concept....gee, sounds like he should be re elected huh?

Sen Chris Dodd diagnosed with prostate cancer

Irish News | IrishCentral: "Irish American Senator Christopher Dodd, 65, has been diagnosed with cancer.

Dodd, (D-CT) has been diagnosed with early stage prostate cancer and will have surgery in early August.

However, the senator was upbeat and said his prognosis is good and that he plans to run again next year for a possible sixth term.

 God help us all, please do the country a favor up there in Connecticut if you would all you voters up there! 36 years is way long enough on the public payroll, we don't need another 55 year lifer like Robert Byrd.

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DOJ to Unveil Financial Crime Task Force – Congress and Cabinet First On The Docket I Assume?

I know never Assume as it makes an ASS out of U and ME.......But..they are in fact the ones who's housing demands put on banks to essentially give home loans to people who had no chance of paying them back  and simply hoping for the best, dumbest liberal  social engineering try gone wild that once coupled with the Maddoff's of the world and Wall Street caused the infamous McCain ship sinking financial tsunami.....

We still don't know how much George Soros and his America hating dough making bunch had to do with it all if anything, so why not throw his filthy rich ass right on the top of the list as well since liberals hate capitalism so much..

So in short,   I hope and pray against knowing better that this new Eric Holder assembled and run  task force drags in as many liberals as conservatives since it's they and the trial lawyers who run the show that caused this mess..starting with these guys, ChrisDodd, Tim Tax Cheat Geithner and this ...oops I mean ?guy? Barney Fwank...

and then move on to these folks as well, all liberal loons with their hands in our pockets and some with their  di**s in our backsides in particular....(and yes Pelosi qualifies, she straps 'em on with the best when needed, and bigger balls than most libs in DC in fact, above listed company included).

Yea right, that'll all happen alright...in our dreams ...since the days are becoming a nightmare under these NeoMarxists. They sure won't be looking at their own which is exactly how they planned it.

  Main Justice: "The Obama administration plans to unveil on Tuesday an interagency task force to combat financial crimes, Reuters reports.

The Justice Department scheduled a news conference for noon. The task force will comprise the departments of Justice, Treasury and Housing and Urban Development, as well as the Securities and Exchange Commission.

The task force, chaired by Attorney General Eric Holder, will investigate and prosecute financial crimes connected to last year’s financial meltdown and try to deter future fraud."

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Harvard's Bets On Interest Rate Swaps DUMB Idea !!!

And these people are supposed to be turning out the best of the best, and you can believe me when I say I believe they do most of the time, having a younger brother who's a Cornell undergrad and HBS  grad and seeing what he's accomplished in his life not to mention the endless line of America's brightest and best in business, politics, Nobel Laureates (yes that guy too,.. and many more ) and high finance who are also Harvard Alumni.

They're doing most things right.

However, people running the show over there could use a little more conservative financial advice when it comes to gambling with the worlds largest college endowment coffers..(check this graph here:)

.....thus costing the school at least 500 MILLION DOLLARS on 1.1 Billion dollars of what are called "Interest Rate Swaps" in order to hedge their  variable-rate debt for capital projects, ....which in layman's terms in this case means gambling usually a motherload of money on interest rates rising and falling,  in which one party exchanges a stream of interest payments for the other party's stream of cash flows.

It's used by larger investors  to hedge, speculate, and manage risk. ...got it?  ;>) lol

It's obviously all part of all these crazy Wall Street derivatives involving high finance risk that helped the rich get richer and the democrats bring down the world economy,  the latter by their forcing the U.S. banks to give home loans to illegals, the homeless and unemployed practically for all we really know, with both occurring at the same time.

This and who knows what else basically caused the perfect storm of world financial misery we're now experiencing that the dems in this 111th congress should all be eventually prosecuted and hung if guilty along with a FEW rogue Wall Street unsavory peeps like Bernie Madoff and a couple others.

The FEW bad apples.

However, sadly for we the people, thanks to the liberal voters giving these crooked democrats unfettered power,  there's no one minding the #@#%$%^$^$ store in DC BUT THEM to begin hearings and prosecutions which they obviously will NEVER do!!!! ..

But that's another story for another time.

Oct. 17 (Bloomberg) -- Harvard University’s failed bet that interest rates would rise cost the world’s richest school at least $500 million in payments to escape derivatives that backfired.

Harvard paid $497.6 million to investment banks during the fiscal year ended June 30 to get out of $1.1 billion of interest-rate swaps intended to hedge variable-rate debt for capital projects, the school’s annual report said. The university in Cambridge, Massachusetts, said it also agreed to pay $425 million over 30 to 40 years to offset an additional $764 million in swaps.

The transactions began losing value last year as central banks slashed benchmark lending rates, forcing the university to post collateral with lenders, said Daniel Shore, Harvard’s chief financial officer. Some agreements require that the parties post collateral if there are significant changes in interest rates.

“When we went into the fall, we had some serious liquidity management issues we were dealing with and the collateral postings on the swaps was one,” Shore said in an interview yesterday. “In evaluating our liquidity position, we wanted to get some stability and some safety.”read more

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• Larry Summers, Nerd for Life (blogs.wsj.com)

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This Chicagoan Sad To See Pontiac Hit The Skids

I was one those young gold chain wearing "Guido" guys in the 80's, and nothing came between me and my first 2 cars, my first this 1977/8 Trans Am that I loved more than life itself in my high school years in '81-'83.

Hundreds of dates and party times in this car that was a mainstay at the local drive in here in Wheeling Illinois known as the Twin that was one of the last ones in the country to finally close.

That's an experience that kids today would love I would think although with today's tech and all people would be on their phones and laptops watching other movies and all this other crap so definately a dinosaur never to return like most of those best days in America that are long gone.

Then when that car was smashed by an accident that was not caused by myself but a retired cop who ran a red light as I was exiting an intersection on the yellow, making a left hand turn while arguing with my girlfriend at the time....I then bought my very first new car to take out east to college which lasted me the whole 4 years, this 1984 trans that I drove for 6 years

before switching to a White 91 Chrysler Lebaron GTC ragtop then to a '96 Wine Red Chrysler convertible Sebring on to my present 2003 Silver Sebring Convert all of which I loved and had absolutely no problems with a single of these cars, NOT A ONE..pretty lucky I guess

It seems like the cars I like will never return with Pontiac being canned and Chysler apparently not too far behind both gowing the way of the Studebakers and DeSoto's meanwhile Hitler's Volkswagen is still chugging along.......go figure.

GM to cut 21,000 US factory jobs, shed Pontiac:

The Associated Press: "DETROIT (AP) — General Motors Corp. could be majority owned by the federal government under a massive restructuring plan laid out Monday that will cut 21,000 U.S. factory jobs by next year and phase out the storied Pontiac brand.

The plan, which includes an offer to swap roughly $27 billion in bond debt for GM stock, would leave current shareholders holding just 1 percent of the century-old company, which is fighting for its life in the worst auto sales climate in 27 years.

GM is living on $15.4 billion in government loans and said Monday in a filing with the U.S. Securities and Exchange Commission that it envisions receiving an additional $11.6 billion. But if GM's restructuring plan can't satisfy the government by June 1, the struggling company could go into bankruptcy protection."

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I Thought These were Jobs Americans Wouldn't Do?

More bullshit from the government and others who seem to love giving our country over to the illegal aliens...

Visit msnbc.com for Breaking News, World News, and News about the Economy

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Sub Prime Tsunami Real Culprits Skating, Frank Dodd And Raines Are Criminals

They've created almost 99% of the problems we are facing today and the biggest reason they rejoice at the Obama election to the presidency is the fact that they can run this misdirection play on the American people because the man in the White House doesn't know shi*from Cheyenne about the inner workings of their scam and they are using him and his political capital as cover for their criminal culpability in the Fannie Freddie Fiasco.

The Fox isn't guarding the henhouse the Fox owns the henhouse and is feasting on fried chicken and all the eggs he can handle

The proof of their coverups and misdeeds right up to the dog and pony hearings they put on for cover a month ago in Washington lay all over the net and all one needs to do is visit almost any conservative blog to find it. Usually it can be heard in the easy to digest form of their own words and actions, like this video below sent our way from Texas Fred that in addition to the 15 or so you can find on my YouTube channel, particularly this one,

These are all the evidence any worthwhile prosecutor would need to secure the death penalty for high treason in the cases of Barney Fag Frank, Chris Don't Call Me Countrywide Dodd and Franklin Only In America Raines. America needs to wake up now and demand the prosecution of these bums who keep scapegoating George Bush and his administration who sounded the warning bells all along the way and here's proof of that...

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G20 Fascist Anarchist's Do What They Do Best Today, Destroy Shit

These people should just be shot dead the second they start getting violent, period, end of story....20 dead protesters would teach these morons a thing or two about using random violence as a tool to further turn the world more upside down than it already is.

I predicted this violence over the weekend in this post here which I admit wasn't exactly hard to do yet I didn't hear the MSM reporting as such as they glowingly described the early protests shown in the video on that post.

Listen to Rush Limbaugh today describe the media as they described the violence as family environment fare and civilized if you can believe that one,

Click here

The fascism in this country and abroad is growing and demonstrates more each day why we Americans will never give up our weapons in this lifetime, as we're gonna need them to beat back these jackboot thugs and Obama's armies that will be soon forming as we've reported ad nauseum now for a year.

Here's some select video of the random violence in Britain today and then some official video of authorities claiming they will hunt these morons down so if you have a blog plaster these videos and any others you find so the authorities have as much footage as possible to jail these liberal Nazi thugs.

I'm sick of these people's violence and when these American copycat liberals start bringing this crap to our neighborhoods they have another thing coming, as the citizenry of Britain have been stripped of their gun ownership and we haven't/

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Soros, The Man Behind The Financial Crisis Sharing His Bed Made Of Your Wealth With Democrats

I for one would love to see a full bore all systems go investigation into the dealings of George Soros and every other of the very very few fund managers who are reaping billions and billions while the rest of the world mires in losses and collapse. Why is it that the only story anywhere in the entire enterprise of the world media to be found regarding the "Soros The Great" angle is in the Daily Mail in Britain?

Where is the American media on this man when he's been betting on a US financial collapse since January of 2008 and made sure he did everything he could by purchasing the democratic party with his entire fortune including Obama to hedge his bets and steal the world's retirement funds similar to what he did in '92 by shorting the British Sterling?

Not one single investigation or news team following the every move of this diabolical fuck who is the brain behind everything anti American going on in the world who is also miraculously having his cake and eating it too, and better yet watching the country he hates more than anything, America, down on its financial knees while he reaps billions and billions off of everyone's despair, including the morons on the left in our government and out of it that he owns like a stable of jackels.

I am the only one out here figuring that his entire investment in the useful idiots on the left was a plan all along to help bring the financial markets to their knees by pumping billions into the socialists he's now planted inside the US government including Obama with the untraceable and untold millions in donations funneled to his campaign through the Middle East who also are complicit in this financial tsunami created through bad housing and banking legislation they also created?

It's sure high time some billions were spent deconstructing this man's every move for the past 5 years to unravel the true story of what happened to the world's retirement plans and how they all ended up in this man's bank accounts and the biggest moron in politics today became the president of the United States

Here's a start with this piece

George Soros, Big hitters: John Paulson and James H Simons were part of a group of 25 hedge fund managers who make a total of $11.6bn

'I'm having a very good crisis,' says Soros - who made £1billion as the world plunged into recession

| Mail Online: "A hedge fund manager who predicted the global credit crunch has said the financial crisis has been 'stimulating' and the culmination of his life's work.

George Soros, who predicted the global financial crisis twice before, was one of the few people to anticipate and prepare for the current economic collapse.

Mr Soros said his prediction meant he was better able to brace his Quantum investment fund against the global storm.

But other investors failed to take notice of his prediction and his decision to come out of retirement in 2007 to manage the fund made him $US2.9 billion.

And while the financial crisis continued to deepen across the globe, the 78-year-old still managed to make $1.1 billion last year.

'It is, in a way, the culminating point of my life’s work,' he told national newspaper The Australian.

Soros is one of 25, top hedge fund managers from across Wall Street who have defied the credit crunch crisis to reap a total of $11.6billion (£7.9bn) last year."The managers made their profit by trading above the pain in the markets, according to Institutional Investor’s Alpha Magazine.

Former maths professor James H. Simons, who has made billions in hedge fund Renaissance Technologies, earned $2.5 billion running computer-driven trading strategies.

And John A. Paulson, who made his fortune by betting against the housing market, came in second earning $2 billion.The managers made the profit in a year when losses were recorded at two of every three hedge funds and when hedge funds lost an average of 18 percent, according to the New York Times.

Two of the three managers who tied for ninth place, at $250 million, are based in Britain and include David Harding of Winton Capital and Alan Howard of Brevan Howard Asset Management.

Another Brevan Howard employee Christopher Rokos also made the list.The profit comes at a time when the U.S Government is scrutinising Wall Street pay and when hedge funds are facing proposals for new taxes on their gains.

Despite the global financial crisis, the combined pay of the top 25 hedge fund managers still managed to top every year before 2006.

Mr. Paulson said his pay was high, partly because he is the largest investor in his fund and that he did not receive a bonus.

He said the the pensions, endowments and other institutions which invest in his fund do not object to the profits he and his team make.

'In a year when all their other investments lost money, we’re like an oasis,' he said in the Times.

'We have investors who were invested with Madoff, and they can’t thank me enough.'

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