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Showing posts with label Trends. Show all posts
Showing posts with label Trends. Show all posts
6/05/2010
"Lotto Numbers" on Google Trends
What do lotto numbers say about the economy? I'm not sure, but people have been searching for the terms "lotto numbers" increasingly on Google trends for quite a while. There could be any number of reasons for this. Two simple explanations/guesses why this trend is developing. First, the simplest explanations is of course that people aren't renewing their newspaper subscriptions that they once relied upon to learn the outcome of last nights lotto drawing. A more sinister reason could be that desperate people start to demonstrate irrational behavior as their economic situation worsens so they are buying more and more lotto tickets in hopes of breaking free? Run your own trend search and link up any interesting ones you find.
2/10/2010
Housing price denial
My wife and I are looking for a house. I'm grateful for sites like zillow.com that have made this search a little easier. I've noticed a trend since the housing meltdown started. Simply put, people think their houses are worth a lot more than they actually are. See exhibit A. Local house prices in the Miami neighborhood of Pinecrest. Granted, each house is different but there is a huge discrepancy between the asking price (Red houses) and the bid (Yellow houses, the price that a house recently sold for). I hear a lot of hoopla about how housing prices having finally bottomed out but one look at this picture tells me we are no where near the bottom. Visit zillow.com to see how this matches up with your own neighborhood.
Image via Zillow.com (Date of screen shot: 02/10/10)
Image via Zillow.com (Date of screen shot: 02/10/10)
2/06/2010
U.S. Department of Commerce - flawed inflation-- Exceptions
You have to love the enginuity of these so called experts ,
in change (increase, or decrease) of price over a stated amount of time, or what they insanely call a minute inflation rate.
"The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 2.1 percent in the fourth quarter, compared with an increase of 1.3 percent in the third.
Excluding food and energy prices, the price index for gross domestic purchases increased 1.2 percent in
the fourth quarter, compared with an increase of 0.3 percent in the third."
If you don't include price increases in the price of oil and food, I guess if people start dying of hunger , you won't disclose those numbers either RIGHT .....
XOXO
RC
in change (increase, or decrease) of price over a stated amount of time, or what they insanely call a minute inflation rate.
"The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 2.1 percent in the fourth quarter, compared with an increase of 1.3 percent in the third.
Excluding food and energy prices, the price index for gross domestic purchases increased 1.2 percent in
the fourth quarter, compared with an increase of 0.3 percent in the third."
If you don't include price increases in the price of oil and food, I guess if people start dying of hunger , you won't disclose those numbers either RIGHT .....
XOXO
RC
2/05/2010
Where The Hell Is The Outrage?
Where The Hell Is The Outrage?
This is one of my favorite Mish posts ever. Ask yourself, what has changed in the last three months? I notice a bit more outrage, but more is on the way.
Trust us.
This is one of my favorite Mish posts ever. Ask yourself, what has changed in the last three months? I notice a bit more outrage, but more is on the way.
Trust us.
2/03/2010
Fault lines
Sent to us by a good friend:
Subject: California Earthquakes
Most of you are aware that the state of California is crisscrossed with many seismic fault lines.
Probably the best known is the San Andreas Fault, stretching from a point just southwest of Eureka in the North to the Mexican border in the South.
What you probably did not know is theat the Speaker of the House, Nancy Pelosi, is introducing a bill in the House to change the name from the San Andreas Fault to the George Bush's Fault.
Subject: California Earthquakes
Most of you are aware that the state of California is crisscrossed with many seismic fault lines.
Probably the best known is the San Andreas Fault, stretching from a point just southwest of Eureka in the North to the Mexican border in the South.
What you probably did not know is theat the Speaker of the House, Nancy Pelosi, is introducing a bill in the House to change the name from the San Andreas Fault to the George Bush's Fault.
1/26/2010
Welcome Back !!! Kamikaze Ben
I take it, the FED induced comma and Citigroup like financial news, had placed you in a retirement stage, of a great writing career.
Welcome back
RC
Welcome back
RC
1/19/2010
Join Steve in his Patriotic ACT - support the Constitution, and its values.
For those of you not incensed over the missappropiation of
funds , this may be a little overbearing and childish; while to those of you considering yourselves americans, and wanting a Change for the BETTER, and not Change for your diminishing pockets, JOIN the PLEA.......
RC
Leave a Comment
STEVE's comment
"I normally don’t like people trying to guess what a historical figure would or would not say in current circumstances. Those who make such attempts usually try to get the selected historical figure to espouse or say things that they never in a million years would have expressed in real life, and would have them spinning in their graves were they to actually hear what was being attributed to them. But there are always exceptions… like this video. I think Thomas Paine would be proud of this."
Posted by Steve at 11:25am | Filed Under Economics, Education, History, Law and Ethics, Liberty and Democracy, Lies, Corruption and Scandals, Politics
Back in December, remembering that TIME’s
funds , this may be a little overbearing and childish; while to those of you considering yourselves americans, and wanting a Change for the BETTER, and not Change for your diminishing pockets, JOIN the PLEA.......
RC
Leave a Comment
STEVE's comment
"I normally don’t like people trying to guess what a historical figure would or would not say in current circumstances. Those who make such attempts usually try to get the selected historical figure to espouse or say things that they never in a million years would have expressed in real life, and would have them spinning in their graves were they to actually hear what was being attributed to them. But there are always exceptions… like this video. I think Thomas Paine would be proud of this."
Posted by Steve at 11:25am | Filed Under Economics, Education, History, Law and Ethics, Liberty and Democracy, Lies, Corruption and Scandals, Politics
Back in December, remembering that TIME’s
1/18/2010
Dear Mr. Gorenstein- SEE headlines today from AP
Oil stays near $78 on demand doubts, weaker dollar
Oil stays near $78 in Europe as traders weigh doubts about global demand against weaker dollar
Just a little reminder in case you want to send prices to 90.00,
anytime in the foreseable future.
XOXO
RC -011810
Oil stays near $78 in Europe as traders weigh doubts about global demand against weaker dollar
Just a little reminder in case you want to send prices to 90.00,
anytime in the foreseable future.
XOXO
RC -011810
1/15/2010
Move your money dot info
Cool video produced by www.moveyourmoney.info
Visit their website to enter your zip code to find local and regional banks in your area rated B or higher by IRA Bank Ratings.
Visit their website to enter your zip code to find local and regional banks in your area rated B or higher by IRA Bank Ratings.
1/05/2010
CITI - conference on fixed income investor review-- 01/21/2010
Is this the same one where they will try to convince
people to receive no money .000001 in exchange for a share of a failed bank,
that you already own....OOOOPS
Dear Mr. John Gerspach, Chief Financial Officer,
Credit US knowledgeable investors
for not tuning in.
XOXO
RC
people to receive no money .000001 in exchange for a share of a failed bank,
that you already own....OOOOPS
Dear Mr. John Gerspach, Chief Financial Officer,
Credit US knowledgeable investors
for not tuning in.
XOXO
RC
12/17/2009
Artist Scott Moore "The Money Game" $AIG $C $BAC $FRE
The artist Scott Moore has given us permission to post his great painting called The Money Game on Inbailoutswebust.com. You can purchase high quality prints of this painting and see how the artist created it by visiting his website:
http://www.scottmooreart.com/gallery/economy.htm
Great job Scott, and thanks for letting us post your work!
12/12/2009
How Long until those that are in the Stock Market , realize that CITI is a PENNY stock, with no foreseable future???
Citigroup Should Rush to Repay TARP
Article posted on THE street.com by
Jeannine Poggi.
XOXO
RC
Article posted on THE street.com by
Jeannine Poggi.
XOXO
RC
11/21/2009
Interesting note on bottom of the article, comment by Mr. C. Bond-- Barely 2 months after they are accepting defeat..
Landrieu Says She'll Back Democrats on Key Health-Care Vote
By GREG HITTJANET ADAMY
WASHINGTON—Democratic Sen. Mary Landrieu said Saturday she would vote to move forward with debate on health-care legislation, as the chamber moved toward an evening vote on whether to bring the bill to the floor.
Sen. Mary Landrieu, pictured with Sen. Tom Harkin, has decided to vote to advance health-care debate in the Senate.
"I've decided that there are enough significant reforms and safeguards in this bill to move forward, but much more work needs to be done," said Sen. Landrieu, of Louisiana. Her comments came a day after Sen. Ben Nelson (D., Neb.) also said he would vote to move forward.
Saturday's vote will be the first test in the full Senate for Senate Majority Leader Harry Reid, who unveiled his bill Wednesday night. He needs the votes of all 58 Senate Democrats, plus two independents allied with the party, to overcome a Republican filibuster on the question of whether to proceed with the bill. The legislation would overhaul the nation's health-care system and extend insurance to 31 million Americans now without coverage.
While momentum was building behind Mr. Reid, the support of at least one other Democrat -- Sen. Blanche Lincoln of Arkansas -- remained in doubt. A spokeswoman for Sen. Lincoln, who faces a tough re-election battle next year, said Friday she was still reviewing the bill.
Sen. Nelson said supporting the Republican filibuster -- which threatens to block Democrats from opening debate -- would deny voters in his state a voice on the issue. "I won't slam the door of the Senate in the face of Nebraskans," he said. "The Senate owes them a full and open debate."
The Nebraska senator also secured one of several favors that Democratic leaders doled out to win over waverers: He persuaded them to keep out a provision that would repeal the insurance industry's antitrust exemption, congressional aides said.
A Nelson spokesman said the senator simply pointed out the ramifications of ending the exemption, including the impact on smaller companies. "Sen. Nelson wasn't negotiating this issue," the spokesman said, adding the Democratic leader "chose not to put it" into the bill.
Mr. Nelson's long-awaited decision came as a relief to Mr. Reid, who has scrambled in recent days to shore up support.
Not long after Mr. Nelson's announcement, another Democrat whose backing had been in question, Oregon Sen. Ron Wyden, said he, too, would support moving forward. Mr. Wyden Friday secured a commitment from Mr. Reid to support a $4 billion amendment designed to give workers greater flexibility to purchase health insurance outside the workplace. Mr. Wyden said the proposal represented a "modest step" forward and was "my price" for supporting moving ahead.
Mr. Reid this week also made a strong play for the support of Ms. Landrieu, a centrist Democrat, adding a provision that would steer an estimated $200 million to $250 million in Medicaid funds to her state in fiscal 2011, congressional aides said.
Senate Democratic leaders hope centrist Democrats will warm to some measures in the bill aimed at curbing the growth of health costs, and will take heart from an estimate by the nonpartisan Congressional Budget Office that the bill would reduce the federal budget deficit by $130 billion over 10 years.
But questions linger about how effective those proposals will be. The CBO stressed there is "substantial uncertainty" about the program's long-term impact on the budget.
White House budget chief Peter Orszag said the bill includes four cost-containment recommendations that leading economists outlined in a recent letter to the White House. In addition to not increasing the deficit, the legislation places a new tax on the most generous insurance plans to discourage employers from offering those that lead to wasteful consumption of health services.
The bill also gives Congress more power to trim fat from Medicare and contains provisions that reorient the medical system toward paying for comprehensive, quality care instead of for every individual procedure.
"The Senate legislation hits the four bogies," Mr. Orszag said.
But some health-policy experts question whether Congress will actually follow through with the proposed cuts in Medicare spending. And provisions aimed at rewarding health-care providers for more efficient care will be tested mostly in pilot programs, not in wider initiatives.
Democrats and Republicans reiterated their arguments in the Saturday debate. Democrats argued the bill will expand coverage and lower the federal budget deficit. Republicans said the Democrats' budget numbers won't work and the U.S. can't afford the bill.
"Move over Bernie Madoff," said Sen. Christopher Bond (R., Mo.). "Tip your hat to a trillion-dollar scam."—--Patrick Yoest contributed to this article.
By GREG HITTJANET ADAMY
WASHINGTON—Democratic Sen. Mary Landrieu said Saturday she would vote to move forward with debate on health-care legislation, as the chamber moved toward an evening vote on whether to bring the bill to the floor.
Sen. Mary Landrieu, pictured with Sen. Tom Harkin, has decided to vote to advance health-care debate in the Senate.
"I've decided that there are enough significant reforms and safeguards in this bill to move forward, but much more work needs to be done," said Sen. Landrieu, of Louisiana. Her comments came a day after Sen. Ben Nelson (D., Neb.) also said he would vote to move forward.
Saturday's vote will be the first test in the full Senate for Senate Majority Leader Harry Reid, who unveiled his bill Wednesday night. He needs the votes of all 58 Senate Democrats, plus two independents allied with the party, to overcome a Republican filibuster on the question of whether to proceed with the bill. The legislation would overhaul the nation's health-care system and extend insurance to 31 million Americans now without coverage.
While momentum was building behind Mr. Reid, the support of at least one other Democrat -- Sen. Blanche Lincoln of Arkansas -- remained in doubt. A spokeswoman for Sen. Lincoln, who faces a tough re-election battle next year, said Friday she was still reviewing the bill.
Sen. Nelson said supporting the Republican filibuster -- which threatens to block Democrats from opening debate -- would deny voters in his state a voice on the issue. "I won't slam the door of the Senate in the face of Nebraskans," he said. "The Senate owes them a full and open debate."
The Nebraska senator also secured one of several favors that Democratic leaders doled out to win over waverers: He persuaded them to keep out a provision that would repeal the insurance industry's antitrust exemption, congressional aides said.
A Nelson spokesman said the senator simply pointed out the ramifications of ending the exemption, including the impact on smaller companies. "Sen. Nelson wasn't negotiating this issue," the spokesman said, adding the Democratic leader "chose not to put it" into the bill.
Mr. Nelson's long-awaited decision came as a relief to Mr. Reid, who has scrambled in recent days to shore up support.
Not long after Mr. Nelson's announcement, another Democrat whose backing had been in question, Oregon Sen. Ron Wyden, said he, too, would support moving forward. Mr. Wyden Friday secured a commitment from Mr. Reid to support a $4 billion amendment designed to give workers greater flexibility to purchase health insurance outside the workplace. Mr. Wyden said the proposal represented a "modest step" forward and was "my price" for supporting moving ahead.
Mr. Reid this week also made a strong play for the support of Ms. Landrieu, a centrist Democrat, adding a provision that would steer an estimated $200 million to $250 million in Medicaid funds to her state in fiscal 2011, congressional aides said.
Senate Democratic leaders hope centrist Democrats will warm to some measures in the bill aimed at curbing the growth of health costs, and will take heart from an estimate by the nonpartisan Congressional Budget Office that the bill would reduce the federal budget deficit by $130 billion over 10 years.
But questions linger about how effective those proposals will be. The CBO stressed there is "substantial uncertainty" about the program's long-term impact on the budget.
White House budget chief Peter Orszag said the bill includes four cost-containment recommendations that leading economists outlined in a recent letter to the White House. In addition to not increasing the deficit, the legislation places a new tax on the most generous insurance plans to discourage employers from offering those that lead to wasteful consumption of health services.
The bill also gives Congress more power to trim fat from Medicare and contains provisions that reorient the medical system toward paying for comprehensive, quality care instead of for every individual procedure.
"The Senate legislation hits the four bogies," Mr. Orszag said.
But some health-policy experts question whether Congress will actually follow through with the proposed cuts in Medicare spending. And provisions aimed at rewarding health-care providers for more efficient care will be tested mostly in pilot programs, not in wider initiatives.
Democrats and Republicans reiterated their arguments in the Saturday debate. Democrats argued the bill will expand coverage and lower the federal budget deficit. Republicans said the Democrats' budget numbers won't work and the U.S. can't afford the bill.
"Move over Bernie Madoff," said Sen. Christopher Bond (R., Mo.). "Tip your hat to a trillion-dollar scam."—--Patrick Yoest contributed to this article.
Suggestion for those CFPs in USA
Get a Reading certificate/ degree, prior to getting your certification, since most of you most have missed the swoon last year. First read the fine print before giving financial advise to anyone investing in Bonds/ or bond related investments considering the state of the dollar currently.
XOXO --RC 112009
XOXO --RC 112009
11/10/2009
Please direct yourselves 2 paragraph 3 - Real forceful COMMENT by FDIC's Chair, and this only took her 3 Quarters to figure this out. What a Genius...
By Stevenson Jacobs, AP Business Writer
On 7:07 pm EST, Tuesday November 10, 2009
Buzz up! 0
Print
NEW YORK (AP) -- The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enough and warned the economy could take another turn for the worse without increased access to credit.
FDIC Chairman Sheila Bair said the FDIC's upcoming quarterly report would show that "not many large institutions are doing a very good job of lending." Instead, she said, some are taking advantage of near-zero interest rates by borrowing dollars cheaply to buy higher-yielding assets like stocks or commodities -- a move known as the "carry trade."
"I don't see much money going out (from banks). I see a lot of carry trade," Bair told a banking conference in New York. "It used to be you take deposits and you lend out money. We'd like to see more of that."
Many banks have tightened lending standards following a wave of residential and commercial property defaults. Others say they want to lend but see little demand as consumers and businesses seek to pay off debt, not take on more.
The lack of lending by large banks is dangerous at a time when many small and midsize banks are teetering on the brink amid the economic downturn, Bair said.
"I'm very worried (that) the larger institutions don't seem like they're stepping up to the plate providing credit," Bair said. "Because if they don't do that, we're all in the soup."
Addressing the rash of bank failures, Bair said the FDIC had enough funds to shut down troubled banks and would tap its line of credit with the Treasury only as a last resort. There have been 120 bank failures this year, and Bair predicted "many more" ahead.
On the regulatory front, Bair reiterated her agency's bid to require banks to hold more capital as a buffer against rough times, even if it eventually reduces the amount of funds available to lend. She said the requirement would not only protect banks but could also help prevent asset bubbles by reducing excess credit in the financial system.
"I think we have the authority and hopefully the will to do that," she said.
"
On 7:07 pm EST, Tuesday November 10, 2009
Buzz up! 0
NEW YORK (AP) -- The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enough and warned the economy could take another turn for the worse without increased access to credit.
FDIC Chairman Sheila Bair said the FDIC's upcoming quarterly report would show that "not many large institutions are doing a very good job of lending." Instead, she said, some are taking advantage of near-zero interest rates by borrowing dollars cheaply to buy higher-yielding assets like stocks or commodities -- a move known as the "carry trade."
"I don't see much money going out (from banks). I see a lot of carry trade," Bair told a banking conference in New York. "It used to be you take deposits and you lend out money. We'd like to see more of that."
Many banks have tightened lending standards following a wave of residential and commercial property defaults. Others say they want to lend but see little demand as consumers and businesses seek to pay off debt, not take on more.
The lack of lending by large banks is dangerous at a time when many small and midsize banks are teetering on the brink amid the economic downturn, Bair said.
"I'm very worried (that) the larger institutions don't seem like they're stepping up to the plate providing credit," Bair said. "Because if they don't do that, we're all in the soup."
Addressing the rash of bank failures, Bair said the FDIC had enough funds to shut down troubled banks and would tap its line of credit with the Treasury only as a last resort. There have been 120 bank failures this year, and Bair predicted "many more" ahead.
On the regulatory front, Bair reiterated her agency's bid to require banks to hold more capital as a buffer against rough times, even if it eventually reduces the amount of funds available to lend. She said the requirement would not only protect banks but could also help prevent asset bubbles by reducing excess credit in the financial system.
"I think we have the authority and hopefully the will to do that," she said.
"
11/03/2009
Positive GDP numbers - RIGHT!!!!!
If you take the aggregate expenditure approach, yes we can say there is another 11 trillion dollars, of unallocated funds that have probably tickled down to the economy. Mostly by from all embezzlement done by the banks, deemed too big to fail, but not too PROUD TO STEAL......
Aww and that 3 percent increase in GDP , should increase as long as these funny bonuses keep appearing.
XOXO
Rc 110309
Aww and that 3 percent increase in GDP , should increase as long as these funny bonuses keep appearing.
XOXO
Rc 110309
10/24/2009
There are now 105 failed banks in the US (news update from zerohedge)
Reference to article posted on Zerohedge.com
thanks for reporting the news as they are.
Sheila Bair Addresses A Worried NationSubmitted by Marla Singer on 10/23/2009 17:31 -0500
100: Partners Bank, Naples, FL101: American United Bank, Lawrenceville, GA102: Hillcrest Bank Florida, Naples, FL103: Flagship National Bank, Bradenton, FL
UPDATE:
104: Bank of Elmwood, Racine, WI
105: Riverview Community Bank, Otsego, MN
As you watch the bobbing metronome of Sheila C. Bair's head during this video ("...but as I said [left tick] we have the ability to immediately access [right tock] up to $500 billion from our Treasury line [left tick]...") wonder to yourself quietly:
How is the FDIC going to slurp down another $500 billion without some roof rasing action on the debt ceiling?
How can ANYONE promise that no insured depositor will ever (until the heat death of the universe) lose a dime?
What family of narcotic sedatives are being used in this video?
I just LOVE this last comment. RC 102409
thanks for reporting the news as they are.
Sheila Bair Addresses A Worried NationSubmitted by Marla Singer on 10/23/2009 17:31 -0500
100: Partners Bank, Naples, FL101: American United Bank, Lawrenceville, GA102: Hillcrest Bank Florida, Naples, FL103: Flagship National Bank, Bradenton, FL
UPDATE:
104: Bank of Elmwood, Racine, WI
105: Riverview Community Bank, Otsego, MN
As you watch the bobbing metronome of Sheila C. Bair's head during this video ("...but as I said [left tick] we have the ability to immediately access [right tock] up to $500 billion from our Treasury line [left tick]...") wonder to yourself quietly:
How is the FDIC going to slurp down another $500 billion without some roof rasing action on the debt ceiling?
How can ANYONE promise that no insured depositor will ever (until the heat death of the universe) lose a dime?
What family of narcotic sedatives are being used in this video?
I just LOVE this last comment. RC 102409
10/18/2009
Interesting facts and figures from the Washington Bailout League
Sent by a good friend of mine.
$34,000:
The amount of federal taxes that Secretary of the Treasury
Timothy Geithner (D) failed to pay during his employment at
the International Monetary Fund despite receiving extra
compensation and explanatory brochures that described his
tax liabilities.
True:
http://www.cleveland.com/
mine.html
$75,000:
The amount of money that the head of the powerful
tax-writing committee, Rep. Charlie Rangel (D-NY), was
forced to report on his taxes after the discovery that he
had not reported income from a Dominican Republic rental
property. His excuses for the failure started with blaming
his wife, then his accountant and finally the fact that he
didn't speak Spanish.
True
http://www.nypost.com/seven/
e_128444.htm
$93,000:
The INCREASE in the amount of petty cash each of our
Congressional representatives voted to give themselves in
January 2009 during the height of an economic meltdown.
That's a $40 + million INCREASE!
http://gatewaypundit.blogspot.
kers.html See video here from Fox
$133,900:
The amount Fannie Mae "invested" in Chris Dodd (D-CT), head
of the powerful Senate Banking Committee, presumably to
repel oversight of the GSE prior to its meltdown. Said
meltdown helped touch off the current economic crisis. In
only a few years time, Fannie also "invested" over $105,000
in then-Senator Barack Obama.
True:
<http://www.opensecrets.org/
>
http://www.opensecrets.org/
$140,000:
The amount of back taxes and interest that Cabinet nominee
Tom Daschle (D) was forced to cough up after the vetting
process revealed significant, unexplained tax liabilities.
True:
<http://online.wsj.com/
http://online.wsj.com/article/
Wall Street Journal
$356,000:
The approximate amount of income and deductions that
Daschle (D) was forced to report on his amended 2005 and
2007 tax returns after being caught cheating on his taxes.
This includes $255,256 for the use of a car service,
$83,333 in unreported income, and $14,963 in charitable
contributions.
True:
<http://online.wsj.com/
http://online.wsj.com/article/
Wall Street Journal
$800,000:
The amount of "sweetheart" mortgages Senate Banking
Chairman Chris Dodd (D-CT) received from Countrywide
Financial, the details for which he has refused to release
details despite months of promises to do so. Countrywide
was once the nation's largest mortgage lender and linked
to Government-Sponsored Entities like Fannie Mae and
Freddie Mac. Their meltdown precipitated the current
financial crisis. Just days ago in Pennsylvania ,
Countrywide was forced to pay $150,000,000 in mortgage
assistance following "a state investigation that concluded
that Countrywide relaxed its underwriting standards to
sell risky loans to consumers who did not understand them
and could not afford them."
True:
http://rightvoices.com/2008/
ris-dodd-d-ct-chairman-of-the-
affairs/
$1,000,000:
The estimated amount of donations by Denise Rich, wife of
fugitive Marc Rich, to Democrat interests and the William
J. Clinton Foundation in an apparent quid pro quo deal that
resulted in a pardon for Mr. Rich. The pardon was reviewed
and blessed by Obama Attorney General and then Deputy AG
Eric Holder, despite numerous requests by government
officials to turn it down.
True: <http://articles.latimes.com/
http://articles.latimes.com/
$12,000,000:
The amount of TARP money provided to community bank
OneUnited despite the fact that it did not qualify for
funds, and was "under attack from its regulators for
allegations of poor lending practices and executive-pay
abuses." It turns out that Rep. Maxine Waters (D-CA), a key
contributor to the Fannie Mae meltdown, just happens to be
married to one of the bank's former directors.
True: <http://online.wsj.com/
http://online.wsj.com/article/
$23,500,000:
The upper range of net worth Rep. Allan Mollohan (D-WV)
accumulated in four years time according to The Washington
Post through earmarks of "tens of millions of dollars to
groups associated with his own business partners."
True:
http://www.washingtonpost.com/
032.html Washington Post
$2,000,000,000:
($2 billion) the approximate amount of money that House
Appropriations Chairman David Obey (D-WI) is earmarking
related to his son's lobbying efforts. The son, Craig Obey,
is "a top lobbyist for the nonprofit group" that would
receive a roughly $2 billion component of the "Stimulus"
package.
True:
http://www.newwest.net/topic/
s/C530/L37/
$3,700,000,000:
($3.7 billion) not to be outdone, this is the estimated
value of various defense contracts awarded to a company
controlled by the husband of Rep. Diane Feinstein (D-CA).
Despite an obvious conflict-of-interest as "a member of
the Military Construction Appropriations subcommittee, Sen.
Feinstein voted for appropriations worth billions to her
husband's firms."
True:
http://www.sfgate.com/cgi-bin/
/MN310531.DTL
$4,190,000,000:
($4.19 billion) the amount of money in the so-called
"Stimulus" package devoted to fraudulent voter
registration ACORN group under the auspices of "Community
Stabilization Activities". ACORN is currently the subject
of a RICO suit in Ohio ..
True:
http://www.ocregister.com/
osi
$1,646,000,000,000 ($1.646 trillion):
The approximate amount of annual United States exports
endangered by the "Stimulus" package, which provides a "Buy
American" stricture. According to international trade
experts, a "US-EU trade war looms" which could result in
a worldwide economic depression reminiscent of that touched
off by the protectionist Smoot-Hawley Act.
True:
http://www.asiaing.com/2008-
eet.html
and <http://www.powerlineblog.com/
http://www.powerlineblog.com/
Background: Smoot-Hawley Act:
<http://en.wikipedia.org/wiki/
http://en.wikipedia.org/wiki/
$34,000:
The amount of federal taxes that Secretary of the Treasury
Timothy Geithner (D) failed to pay during his employment at
the International Monetary Fund despite receiving extra
compensation and explanatory brochures that described his
tax liabilities.
True:
http://www.cleveland.com/
mine.html
$75,000:
The amount of money that the head of the powerful
tax-writing committee, Rep. Charlie Rangel (D-NY), was
forced to report on his taxes after the discovery that he
had not reported income from a Dominican Republic rental
property. His excuses for the failure started with blaming
his wife, then his accountant and finally the fact that he
didn't speak Spanish.
True
http://www.nypost.com/seven/
e_128444.htm
$93,000:
The INCREASE in the amount of petty cash each of our
Congressional representatives voted to give themselves in
January 2009 during the height of an economic meltdown.
That's a $40 + million INCREASE!
http://gatewaypundit.blogspot.
kers.html See video here from Fox
$133,900:
The amount Fannie Mae "invested" in Chris Dodd (D-CT), head
of the powerful Senate Banking Committee, presumably to
repel oversight of the GSE prior to its meltdown. Said
meltdown helped touch off the current economic crisis. In
only a few years time, Fannie also "invested" over $105,000
in then-Senator Barack Obama.
True:
<http://www.opensecrets.org/
>
http://www.opensecrets.org/
$140,000:
The amount of back taxes and interest that Cabinet nominee
Tom Daschle (D) was forced to cough up after the vetting
process revealed significant, unexplained tax liabilities.
True:
<http://online.wsj.com/
http://online.wsj.com/article/
Wall Street Journal
$356,000:
The approximate amount of income and deductions that
Daschle (D) was forced to report on his amended 2005 and
2007 tax returns after being caught cheating on his taxes.
This includes $255,256 for the use of a car service,
$83,333 in unreported income, and $14,963 in charitable
contributions.
True:
<http://online.wsj.com/
http://online.wsj.com/article/
Wall Street Journal
$800,000:
The amount of "sweetheart" mortgages Senate Banking
Chairman Chris Dodd (D-CT) received from Countrywide
Financial, the details for which he has refused to release
details despite months of promises to do so. Countrywide
was once the nation's largest mortgage lender and linked
to Government-Sponsored Entities like Fannie Mae and
Freddie Mac. Their meltdown precipitated the current
financial crisis. Just days ago in Pennsylvania ,
Countrywide was forced to pay $150,000,000 in mortgage
assistance following "a state investigation that concluded
that Countrywide relaxed its underwriting standards to
sell risky loans to consumers who did not understand them
and could not afford them."
True:
http://rightvoices.com/2008/
ris-dodd-d-ct-chairman-of-the-
affairs/
$1,000,000:
The estimated amount of donations by Denise Rich, wife of
fugitive Marc Rich, to Democrat interests and the William
J. Clinton Foundation in an apparent quid pro quo deal that
resulted in a pardon for Mr. Rich. The pardon was reviewed
and blessed by Obama Attorney General and then Deputy AG
Eric Holder, despite numerous requests by government
officials to turn it down.
True: <http://articles.latimes.com/
http://articles.latimes.com/
$12,000,000:
The amount of TARP money provided to community bank
OneUnited despite the fact that it did not qualify for
funds, and was "under attack from its regulators for
allegations of poor lending practices and executive-pay
abuses." It turns out that Rep. Maxine Waters (D-CA), a key
contributor to the Fannie Mae meltdown, just happens to be
married to one of the bank's former directors.
True: <http://online.wsj.com/
http://online.wsj.com/article/
$23,500,000:
The upper range of net worth Rep. Allan Mollohan (D-WV)
accumulated in four years time according to The Washington
Post through earmarks of "tens of millions of dollars to
groups associated with his own business partners."
True:
http://www.washingtonpost.com/
032.html Washington Post
$2,000,000,000:
($2 billion) the approximate amount of money that House
Appropriations Chairman David Obey (D-WI) is earmarking
related to his son's lobbying efforts. The son, Craig Obey,
is "a top lobbyist for the nonprofit group" that would
receive a roughly $2 billion component of the "Stimulus"
package.
True:
http://www.newwest.net/topic/
s/C530/L37/
$3,700,000,000:
($3.7 billion) not to be outdone, this is the estimated
value of various defense contracts awarded to a company
controlled by the husband of Rep. Diane Feinstein (D-CA).
Despite an obvious conflict-of-interest as "a member of
the Military Construction Appropriations subcommittee, Sen.
Feinstein voted for appropriations worth billions to her
husband's firms."
True:
http://www.sfgate.com/cgi-bin/
/MN310531.DTL
$4,190,000,000:
($4.19 billion) the amount of money in the so-called
"Stimulus" package devoted to fraudulent voter
registration ACORN group under the auspices of "Community
Stabilization Activities". ACORN is currently the subject
of a RICO suit in Ohio ..
True:
http://www.ocregister.com/
osi
$1,646,000,000,000 ($1.646 trillion):
The approximate amount of annual United States exports
endangered by the "Stimulus" package, which provides a "Buy
American" stricture. According to international trade
experts, a "US-EU trade war looms" which could result in
a worldwide economic depression reminiscent of that touched
off by the protectionist Smoot-Hawley Act.
True:
http://www.asiaing.com/2008-
eet.html
and <http://www.powerlineblog.com/
http://www.powerlineblog.com/
Background: Smoot-Hawley Act:
<http://en.wikipedia.org/wiki/
http://en.wikipedia.org/wiki/
10/15/2009
Mr. President, the YEN will not outpace the dollar on its downward slide, as evidenced in the article enclosed.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a_A5nqmw9Dq8
Thank you Mr. Nozawa, for this insightful piece, yes the bloated US Dollar will feel the effects of the greenback prints well into the 2011 year.
RC
XOXO
Thank you Mr. Nozawa, for this insightful piece, yes the bloated US Dollar will feel the effects of the greenback prints well into the 2011 year.
RC
XOXO
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