So PPIP, one of the largest wealth redistribution upwards in the history of our planet (second only to TARP and ahead of TALF...but then where does Fed setting rates below the market for banks fit it?...I digress) is a go after all.
U.S. Treasury May Tap Eight to 10 PPIP Asset Managers This Week - BloombergYou should be sickened, angered and ready to fight the ... read more
The Democrats like to say they're for helping poor people get a level playing field and perhaps even a leg up. The Republicans like to say that they're for preserving your rights and perhaps even honoring the Constitution (though it's a little bit radical among the Republicans to actually use the C-word).
Tell me why then, the Democrats want to punish the renters and other non-ownership-class ... read more
Last night on America's Nightly Scoreboard with my mentor David Asman, I put up the following graphic on the telestrator and went all John Madden on it:
The upshot is this -- we've spent more than $10 Trillion protecting people who were rich enough but stupid enough to risk their own money:
1. owning bank stocks that have the rights to profits from the banks,
2. buying worthless real ... read more
Can someone tell me what the government’s definition of “Financial Institution” is?
U.S. Seeks Expanded Power to Seize Firms
Goal Is to Limit Risk to Broader Economy
The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge ... read more
The "Illuminati" isn't some sort of secret organization running around in pyramid-emblazoned robes -- but it does exist and what I mean by that is that there are people running big business and government who are all in cohoots together (often without even meaning to be, I hope) to use the government and its laws and policies and monopoly on the use of legal violence to redistribute wealth from ... read more
So the UN wants a share of the welfare money for the stimulus package...
I guess once again it's "Screw Ruidoso and small town people in this country"
...the UN needs yet more welfare money from mom and dad to help my mom and dad because all the welfare money mom and dad are sending to Washington isn't enough yet"???
Mom and dad might have a serious problem about being forced to send ... read more
1. Two Tens Stimulate My Five
2. Abbott & Costello Leveraged Leverage
3. Donate Toys to Your Local Orphanage
1. The geniuses say the stimulus and bailout packages will help us two, three, four years from now, right? Here’s what the genius Bernanke was telling the Republican/Democrat Illuminati Regime he works in the summer of 2004, “Although I expect policy to follow the usual ... read more
* My SpokeUp.com Bookmark of the day: ” FDIC's Bair Says She'd Be `Very Surprised' by U.S. Bank Nationalization”. When the largest bank in the US, Citigroup has taken in half a trillion in welfare and the US government is now telling it what assets to buy and sell and when, including forcing Citigroup to sell its brokerage practice to Morgan Stanley which can pay for it with the ten billion in ... read more
As I've been so vocal and adamant against all the forms of corporate welfare (you can call it "bailouts" if you want), I've gotten one question over and over as these two real quotes from my blog comments asked:
"What should we do about it?"
"What are you, we, going to do about all this?"
So many people write to me saying they feel that, now more than ever, they don't have a voice as ... read more
Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company.
He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."
July 1, 2009 09:07 AM EDT
Bernanke, Geithner and Gross use PPIP to rip off the taxpayer again
So PPIP, one of the largest wealth redistribution upwards in the history of our planet (second only to TARP and ahead of TALF...but then where does Fed setting rates below the market for banks fit it?...I digress) is a go after all. U.S. Treasury May Tap Eight to 10 PPIP Asset Managers This Week - Bloomberg You should be sickened, angered and ready to fight the ... read more
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