Geithner Ignores Obama Citigroup Order, Jamie Dimon The Wall Street Lobbying Machine, More Corruption From Sen. Feinstein & Husband, Defense Dept. Fear Mongering, Paul Volcker Inflation Op-Ed (LINKS)

• Geithner Ignored Obama Order to Plan for Citigroup Bankruptcy - Bloomberg
• Unmasked And Arrested At Wall Street Protests - Rarely Used 150-Year-Old Law
• A Little Inflation Can Be a Dangerous Thing - Paul Volcker NYT Editorial
• BUSTED - S.E.C. Refers Ex-Counsel’s Actions on Madoff to Justice Dept.
• SEC Proposes Ban on Magnetar-Like Deals - Pro Publica
• UK's Bernanke Lobbies For Massive QE - NYT
• Abuse & Brutal Conditions Inside Amazon.com Warehouses
• GOP Congressman Warns Of Revival Of Draft If Defense Cut Too Much
• BofA, JPMorgan Fail to Make Fannie Mae Grade for Loan Servicing - Bloomberg
• 1-Man Lobby Jamie Dimon Presses Washington to Ease Bank Rules - Bloomberg
• Israel Has Dumped 46 Percent of Its U.S. Treasury Bills; Russia 95 Percent
• China Consolidates Grip on Rare Earth Metals
• How Sen. Feinstein Helped Her Husband And China Dominate Rare Earth Metals

Additional stories are in comments.

Comments

[DailyBail]

Key Context on Obama’s Vague Proposed Millionaires’ Tax

http://www.propublica.org/blog/item/the-basics-on-obamas-vague-proposed-millionaires-tax

[DailyBail]

EL PASO, Texas, Sept. 20 (UPI) -- Two former law enforcement officers say their allegations of Mexican cartels corrupting U.S. law officers and politicians have brought no investigations.

The El Paso Times reports Greg Gonzales, a retired Dona Ana County sheriff's deputy, and Wesley Dutton, a rancher and former New Mexico state livestock investigator, said their whistle-blowing led to threats against them and retaliation.

The Times said both had been confidential sources for the FBI in El Paso and assisted with an 18-month investigation.

They said the FBI dropped them after "big names" on the U.S. side of the border were revealed in drug investigations. Dutton said an FBI official who had worked in El Paso sent a memo to area law enforcement agencies urging them not to talk to or have anything to do with him or Gonzales.

Read more: http://www.upi.com/Top_News/US/2011/09/20/Texas-whistle-blowers-allege-corruption/UPI-96951316525563/#ixzz1YY89GGBM

[DailyBail]

The inspector general reviewed a sample of 10 Justice Department conferences held between October 2007 and September 2009 at a cost of $4.4 million, a period that included the administrations of Republican George W. Bush and Democrat Barack Obama. The Justice Department spent $73.3 million on conferences in fiscal 2009, compared with $47.8 million a year earlier, according to the report.

http://www.bloomberg.com/news/2011-09-20/-extravagant-spending-16-muffins-found-at-justice-conferences.html

[DailyBail]

Fed Runs Risk of Doing Less Than Investors Expect

http://www.nytimes.com/2011/09/19/business/fed-runs-risk-of-doing-less-than-expected.html?src=recg

[DailyBail]

How Orabrush Got National Walmart Deal with YouTube Videos, $28 in Facebook Ads

http://adage.com/article/news/orabrush-national-walmart-deal-youtube-videos/229914/

[TR]

Fun on WALL STREET.

http://www.youtube.com/watch?v=jYaA-34c-vI

[DailyBail]

Gear up for another lost decade in real estate. Housing will remain stagnate from 2010 to 2020. Demographic shifts, higher mortgage rates, and shifting consumer taste in real estate.

http://www.mybudget360.com/lost-decade-housing-real-estate-2010-to-2020-higher-mortgage-rates-baby-boomers-retiring/

[TR]

DB,
Monday I withdrew an offer on a foreclosure home. Freddie Mac wanted me to sign an addendum that "purchaser understands that seller does not have title to manufactured home". My research found that title to home had transferred to property. This would not be a title problem. This property is being sold "AS IS" but this title situation should have been disclosed in the beginning,not a week+ after I made an offer.
TR don't play that!!!

[DailyBail]

I've read about those situations, TR. You made the right choice as some buyers in those instances have ended up losing the home after the purchase. It's a fucking mess. Housing market will not recover with issues like this floating out there.

[Cheyenne]

If you ever wondered who plays Batman in the Geithner-Obama duo, that Geithner-Citi story is your answer.

In other news, there's another financial crisis movie making the rounds. "The Flaw" premiered at Sundance and has worked its way all the way to a Milwaukee screening this weekend.

http://theflawmovie.com/trailerandclipstrailer1.html

"THE FLAW makes one thing clear from the outset—there was nothing simple about the U.S. financial collapse of 2007. Within minutes, experts had identified plenty of culprits: market failure, a credit culture, a wage crisis, a debt crisis, and upward redistribution of income. That’s economic shorthand for fasten your seatbelt."

http://whatnottodoc.com/2011/01/10/2011-sundance-docs-in-focus-the-flaw/

What a load of shit. First off, the financial collapse happened in September 2008, not a year earlier. Second, the Flaw utterly fails to identify FRAUD as the root cause of the crisis, instead focusing on an egghead's wet dream--the redistribution of income. Well, no shit. I guess fucking incomes would get redistributed if the top 0.1% of people were allowed to steal at every turn, now, wouldn't they?

[Dr. Pitchfork]

Interview with Lupe Fiasco at Wall St. protest. Unfortunately, it starts off about Building 7. Interestingly, turns out Lupe isn't a 911 Truther after all, just willing to ask questions and demand transparency.

Very interesting discussion of people's complicity in the system (pensions, 401K's, etc.).
http://www.youtube.com/watch?v=zWhxvXcDJU0

LOL money quote (about avoiding societal breakdown): "I don't wanna be living in a bunker for 15 years eating dried food and you know shooting at people to keep them away from my house and shit."

[DailyBail]

Obviously, with all the old posts I put up, I'm bored and just waiting for Bernanke's announcement.

[john]

http://thehill.com/blogs/blog-briefing-room/news/182939-ron-paul-says-hed-consider-putting-dennis-kucinich-in-his-cabinet

[Cheyenne]

Dr. P--

I enjoyed the Lupe Fiasco interview too. Frankly I was stunned by how articulate and knowledgeable the guy is. I have only a vague idea of what a "Truther" is and for that reason avoid using the term. However, I've been asking the same basic question for a few years: how do 2 planes take down 3 buildings? Nine times out of ten I've found that merely posing the question will immediately brand you a "conspiracy theorist" or some such other non-responsive remark. Sign of the times, I guess.