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
You wanna get bullish. I know I do. I mean, the average stock is down more than 1/2 from its highs just a year ago or so. You know that it pays to buy low and sell high…and well, hey, down 50% is by definition pretty darn lower than higher, so what are we waiting for? You lie awake staring at the ceiling, wondering if your investments will get back anywhere near where they were in 2007. Or in ... 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
But give my daddy a job cause he needs one
Hes got lots of mouths to feed
But if youve got one, I'll have a machine gun
So I can scare all the kids down the street
Father christmas, give us some money
We got no time for your silly toys
We'll beat you up if you don't hand it over
Give all the toys to the little rich boys -- The Kinks
The liars and crooks who run the investment banks ... read more
So the Treasury/Fed/Administration is now giving the last $15 billion of the Wall Street Welfare Fund called TARP to the the to bail out the guys who TOOK RISK by buying stock or lending money to the auto industry, or the "blue collar" folks who work there making six figures every year.
Perhaps the single biggest lie that these socialist Republican/Democrat bureaucrats tell you is that they can ... read more
Here's a winning formula for our society, wouldn't you agree? Let's entrust our politicians to regulate an industry, then have the heads of that industry become the bureaucrats who are entrusted to carry out those regulations, and when things go wrong from all that cronyism, let's have give tons of welfare money to the giant corporations in that industry which can then use that money to donate to ... 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."
March 25, 2009 07:06 AM EDT
Did Anybody Bother to Read These Documents? TARP Already Explicitly Gives Treasury The Power They're Asking for Now
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
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