Obama and Geithner are looking at back door nationalization of banks by converting bailout loans into common stock. They keep changing the rules on the fly, harming businesses and all Americans.
By converting the loans to the banks into equity, the Obama administration would have the largest voting stake in many of the big banks.So the most anti-business administration in history will own all our banks. How do you think that will work out for us? How nice of Lord Geithner to allow banks to have options. We should all bow before our great master in thanks for his generosity.
Saying TARP falls short is like saying crap has slightly unpleasant odor.
Lord Geithner says setting the price of toxic assets is hard. Duh, central planner. Price fixing is hard for any asset. Nobody wants to pay more than pennies on the dollar for the toxic assets. The banks want to sell them for close to their face value. If sellers and buyers could agree on a price, the assets wouldn't be toxic. They'd be sold already. Government cannot change the laws of economics, it can only pervert them to the detriment of all of us. This just shows how stupid every government intervention in the market is.
Under pressure from his radical leftist base, President Obama is backtracking from his promise not to prosecute anybody over interrogations. Democrats are intent on ripping the country apart over the efforts of people who were tried and succeeded at preventing more terrorist attacks after 9/11.
Pirate, supposedly 16 years old, will be tried as an adult in the US. I still think that Navy captains or admirals at least should be able to do this on their decks.
IMF says the global financial meltdown will cost $4 trillion. Attempts to fix the problem have already cost twice that much in the US. That's just stupid. This is all about getting the financial markets to function "normally". But that's how we got into this mess. We don't want them to function like that. We want them to function responsibly, without being powered by inflationary monetary policy, irresponsible loans and a tax code that punishes savings and rewards debt.
Tamil civilians are fleeing Sri Lanke after the collapse of the rebel forces.
Presidents have long campaigned as if they were monarchs chosen by God, promising to solve every problem with their superior wisdom and power. But Barack Obama has taken the power trip to a new level. Obama set himself up as a god himself, like Great Pharaoh. Obama promised to reverse the rising of the seas and heal the sick. So whenever his ministers make pronouncements, it makes me sick because it shows our society has become as backwards and superstitious as the ancient Egyptians or Aztecs. Liberals will be calling human sacrifices by next election, they almost reached that point with Bush administration officials and AIG executives already, and conservatives will be lighting candles and reciting holy passages in an attempt to stop them. Rational people are suffering through a holy war between pagans and Christians.
Spies hack into defense computers and steal info on weapons and air traffic control.
It's kind of funny to complain about the Cuban government taking 20 percent from wire transfers from America to Cuban relatives when US tax rates are far higher. I don't want the Cuban government getting that money either, but if families can keep 80 percent, that's a heck of a lot better deal than we get in America, so I still think lifting the limit was the right thing to do.
Now that the government has proclaimed that an essential gas for life, carbon dioxide, endangers public health and welfare, maybe Americans will finally wake up and stop voting the same two failed parties who brought us to this point.
As predicted, the DHS memo leaked right before the tea parties was just the tip of the iceberg. Since early this year, the FBI has been investigating "sovereign citizen extremist groups". Obama and Holder won't allow Americans to organize in the defense if individual liberty.
Marketing companies addict people to credit. Nobody is responsible for their own actions.
I'm not surprised that Barack Obama ascension coincides with rapidly growing skepticism on global warming. Every time Obama talks about global warming, people think about it a little more and more see through this scam. The same thing's going to happen on health care. The more Obama and Democrats talk about it, the less the American people are going to like what they have to say. That's because these socialist scams of Democrats cannot survive in the light of day.
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