Friday
Aug242012
There Are No Words To Describe The Following Part II
WHO IS KEEPING TRACK OF THE TRILLIONS?
Alan Grayson questions the Inspector General of the Federal Reserve - 05/09/10
Circulate Far and Wide.
Our only hope to stop the heist will come from greater awareness.
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WHO IS KEEPING TRACK OF THE TRILLIONS?
If you're in a hurry, start watching at the 3-minute mark. At issue is the accounting and oversight for $9 trillion in secret Fed bailouts of Wall Street banks, for which taxpayers are ultimately responsible to the tune of $32,000 for every man, woman and child in this country. Fed audit, anyone?
Aug 24, 2012 at 3:44 PM
Reader Comments (677)
I hope you have a chance to look around this site. Our beef is with anyone, regardless of party affiliation, who supports the ongoing taxpayer funded bailouts of the banks and their bondholders, of AIG and its counterparties (i.e. the same bailed out banks), and of the auto makers and the UAW. I don't know what gave you the idea that this was a "Republican" website, but the criticism of Obama you'll find here stems mainly from his ongoing, wholehearted support of taxpayer funded bailouts for some very rich and undeserving people. Many of us even voted for Obama. But if you want to get all schmaltzy about "our current leader" or whatever, then the banksters and their pals have already won. Obama will be their man and they'll get everything they want. The fact is that Obama is getting very bad advice on the issue of the bailouts. Geithner, Bernanke, Summers -- in his own special way, each of these men are partly responsible for this mess in the first place. Why Obama voted for the TARP, is beyond my ken. But whether you like Obama or not, the bailouts are wrong, we can't afford them, and they ought to be stopped. I think most of us can agree on that.
My thanks to everyone for posting your thoughts. James is correct. We are NOT a Republican or Democrat site. We exist to educate and occasionally entertain as well as create an official record of the bailouts.
If you are a politician or government official who supports the generational giveaway to bank bondholders, then we will do our best to seek and destroy you. We have no patience for our bailout culture and the minions who are keeping it alive.
Here are James' comments again:
I hope you have a chance to look around this site. Our beef is with anyone, regardless of party affiliation, who supports the ongoing taxpayer funded bailouts of the banks and their bondholders, of AIG and its counterparties (i.e. the same bailed out banks), and of the auto makers and the UAW. I don't know what gave you the idea that this was a "Republican" website, but the criticism of Obama you'll find here stems mainly from his ongoing, wholehearted support of taxpayer funded bailouts for some very rich and undeserving people. Many of us even voted for Obama. But if you want to get all schmaltzy about "our current leader" or whatever, then the banksters and their pals have already won. Obama will be their man and they'll get everything they want. The fact is that Obama is getting very bad advice on the issue of the bailouts. Geithner, Bernanke, Summers -- in his own special way, each of these men are partly responsible for this mess in the first place. Why Obama voted for the TARP, is beyond my ken. But whether you like Obama or not, the bailouts are wrong, we can't afford them, and they ought to be stopped. I think most of us can agree on that.
I agree with you 100%. When I post comments to almost all other sites, I post as "clawback" -- which in an ideal world would be part of the process you describe above. Nicely put. I've yet to see a regular commenter around here, or any serious commenter for that matter, argue for letting any Republicans off the hook. Paulson, Bush, Bernanke, Bair, McCain, Graham -- they're all Republicans and they're all to blame. Meanwhile, Alan Grayson and Brad Sherman, to name just two Democrats, have been damn near heroic in their opposition to the bailouts and in their crusade against fraud. I'd say we're pretty much on the same page with the bailouts.
The Federal Reserve is a PRIVATELY owned Corporation!!!! It is NOT sanctioned by the Constitution and will NEVER be brought under the rule of Law!!!
Wake up you DOPES!!!!
There is a whole other world out there just waiting for idiots like you to see, but alas, the majority of you will continue to drown in the flood of the propagandist bull shit perpetrated by those who gladly rule over you!!!!
2. The Fed and central banking in general are the main tools of the wealthy, private banker class club sitting on top of the world.
3. The excessive printing of money is the huge, hidden tax, reported to the people as if its resultant inflation were an act of nature.
4. The Fed is the biggest scam of all time. Corporate, wealthy socialism, not the altruistic version.
5. Ayn Rand and her Objectivist philosophical followers (Greenspan) are truly deranged self servers of the club, without moral conscience.
6. Jefferson and Jackson fought heroically to stop this scam, but the Hollywood mafia strictly denigrades them, out-of-their time, with the slave and indian issue smear tactics. Guess what club this H'wd mafia belongs to.
7. This wealthy cabal is truly miffed that they let the internet go public, as they have overwelming dominance over all other media.
8. War is good for their businesses and investors as they require this imperialism because the Arabs live atop the oil. Israel was mostly fabricated as a foothold into this region of oil.
Cutting off their allowance would certainly get their attention. We'd need critical mass, though (millions?). Whatever you think of the Tea Parties, I think they show that people are at least open to the idea of taking control of their own government and witholding some of the goodies. How could we make this happen? Any ideas?
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. From that moment on the majority always votes for the candidates promising the most money from the public treasury.” - Alexander Tyler
“A government that robs Peter to pay Paul can always depend on the support of Paul.” – George Bernard Shaw
The masses are not being educated but are being “dumbed down” to a level that our politicians can maneuver us the direction they want, make us think we like it and that it is the right thing to do. These politicians like to get behind podiums and use words like fascist, communist, and socialist as they point fingers at the other political party, knowing the whole time that most American voters (especially the younger generation) can’t even register what they are saying. But they sound smart, so they should be our leaders. Truth is, that the little white stuff on the top of chicken shit, is just chicken shit too.
Educate yourself, work hard and don’t settle for mediocrity.
There is no question in my mind regarding these Stone Age throwbacks.
She has put the woman's movement back 40 years. Yikes, get the hook!!
Don't bother with the racist nonsense, either. I was one of the many who admired Condi Rice and would have voted for her in a heartbeat, against any socialist of any color. Before he put color over conservatism, I regarded Colin Powell as a fine leader and a good Republican POTUS or VP candidate.
Oh, but that's right; they have to be AUTHENTICALLY black to qualify...somwhere to the left of Castro or Che.
No hard feelings I hope; I "calls 'em like I sees 'em". I'm much nicer in person!
Hey, when they run out of money, they just print
more, so what's the big problem, eh? Aren't we accustomed to having people who are supposedly responsible with million dollar jobs say, "Duh, I don't know.?" It's just more and more of the same ol' crap.
h e d o e s n ' t w a n t a n y o n e t o f i n d o u t ! Maybe because those particular documents have his real birthplace imprinted upon them, 'ya think? If he was born in Kenya as his grandmother claims (she said she was in atendance), that would disqualify him from being President of The United States. Why is our legal system still playing dumb after months and months of being asked these same questions? Get on with the investigation or tear up the Constitution and shut up! We're not using it anyway, are we!
They deserve to be hanged, but I'd be satisfied to throw them in prison for the rest of their miserable lives.
I would assume that she knows what her job is or isn't. I would also think that she could have expressed the responsibilities of her position a little more eloquently.
With all the finger pointing at CEOs and the financials I think the people who have hope in big Gov are the biggest idiots. At least the vast majority of corporations want to make a profit unlike the gov't who could care less. Unfortunately, even with all the money the gov't has access to it can't use it to read minds or CVs either apparently to hire the best for the job. But as before the "gimme, gimme" nature of the current US population blindly accepts whatever a pretty face or decent orator spews out. We deserve what we get because we just never learn and those that do try to explain the past "sins" of gov't are ridiculed as extremists, right/left wing nut jobs. . .
we will never get out of this mess when a high ranking official from the Fed cannot answer simple questions without stamering and hem hawing the way she did.!!!
Yall better have some HOPE or we're in deep stuff here. He has alot of CRAP to undo from that whacko BUSH!
I have lived in this world for 71 years and have NEVER seen the corruption as rampant as it is now. There are leaders in several of the States who are more qualified to run the United States than Obama and his crooked cabinet. Obama has an agenda and that is to destroy the United States of America and make it the the United Muslim States.
Those of you who voted him in are responsible for the demise of this country and don't try and weasel out of your guilt.
I am an ex-Navy Veteran who loves this country that Washington is trying to destroy and it sickens me to watch the silence of those who are opposed to what is going on. Get your head out of the sand or wherever you have it and WAKE UP.
If you are so adamant about your feelings, you mental midget, why don't you identify yourself? Why? Because you are just like all the Oduma supporters who blame everything on Bush. History and time will tell who was the better President. When the Government comes into your home and confiscates your ass and your assets, don't say you weren't warned.
Banana Ben Bernanke and his psycho co-demons must be thrown out!
Funny, it took a depression to actually show that these loosers only know how to rule the monetary environment through Ponzi schemes. I'm glad that FINALLY others are starting to notice.
Buy gold and guns, if they try to take the gold from us give them led.
The problem is we are now officially a welfare state. 60% of the population receives benefit from the government in excess of their tax liability. The course we are on is designed to make even more people dependant and disincentivize those who want to succeed and prosper. This will further empower the lunatics who are running the asylum.
THE MADNESS MUST STOP>>>>WE NEED TO THROW ALL OF THEM OUT....YOU HAVE A VOICE AND A VOTE....USE THEM!!
The bailouts were a bad idea at the start. The way they have been applied is even worse. We can hope that recent actions in the Supreme Court will slow some of the stupidity and force the government to at least obey current law. But we cannot afford to get trapped in the political arguments of the moment. We must create a vision of the future that will resonate with Americans and we must work toward that vision with all our energy.
My thoughts on some things we can continue to do now, for what they are worth:
1. Continue to flood the publicly accessible media with information about what is happening and what it means for the future. Emphasize the facts and keep them simple.
2. Continue to expose government failure, incompetence, greed, foolishness, corruption, etc. It does not matter who appointed these people, how they got their jobs, or why they still have them. It only matters that we expose them now and either force them to perform or move them out.
3. Promote and communicate broadly the real alternatives to the problems we face. If you want to eliminate the Federal Reserve, suggest a viable alternative. (Really, do you want the members of Congress to have direct responsibility for and control over monetary policy in the United States. Most Representatives don't know the first think about economics and they certainly don't understand the critical issues of international monetary policy. I shudder to think of the mess they would create if they had direct control.) (I have ideas about what these alternatives could be, if you want to discuss them, just let me know)
4. Promote productive revolutionary activity. I mean, activity like the Tea Parties where people hear the truth and become active in efforts to change the situation through constitutional means. Let's work hard together at the grass roots level to get more people involved in the voting process who will vote good sense instead of good feelings. We need a change in leadership in Washington that is committed to a dramatic downsizing of government, accountability to fiscal responsibility, the principle of individual responsibility as a pre-cursor to individual liberty, and to governance as service instead of a career path.