Friday, 20 August 2010 09:58 'Fannie Mae and Freddie Mac have become gigantic financial black holes that the U.S. government endlessly pours massive quantities of money into. Unfortunately, if the U.S. government did allow Fannie Mae and Freddie Mac to totally implode, both the mortgage industry and the housing industry in the United States would completely collapse. So essentially the U.S. government finds itself between a rock and a hard place. Prior to the financial crisis of the last few years, Fannie Mae and Freddie Mac were profit-seeking private corporations that also had a government-chartered mission of expanding home ownership in America. But now that they have been officially taken over by the U.S. government, they have become gigantic bottomless money pits. It is hard to even describe just how much of a mess Fannie and Freddie are in. However, the unprecedented intervention by Fannie Mae and Freddie Mac in the mortgage market over the past couple of years has been about the only thing that has kept it from plunging into absolute chaos. So what does the future hold for Fannie Mae and for Freddie Mac? Well, according to one estimate, it could take another 5 trillion dollars to "fix" Fannie Mae And Freddie Mac.' Read more: Five Trillion More Dollars to Fix Freddie Mac and Fanny Mae? Friday, 20 August 2010 08:22 'The Manta.com website includes a database of over 63 million US and foreign companies. That database info is provided by Dunn & Bradstreet . Manta.com will provide preliminary information on each of these millions of companies for free. If you want more “in-depth” info, there’s a fee. But since this article is about “funny” stuff, and paying fees isn’t fun, let’s run a few free searches and see what we can find. You might be surprised. For example, if you type “Government of the United States” into the Manta.com search engine, you’ll be whisked to a list of “7,666 matching US companies”.' Friday, 20 August 2010 08:07 'Seventeen-year-old Joey Wilson called a neighbor for help soon after a police officer stopped him for jaywalking across a Queen Anne street. When the neighbor arrived, he thought the situation was getting out of control, and quickly went back for his camera. Joey explains what happened next. "Two officers grabbed my arm. A third one started punching me. In the stomach, in the nose. My hands were being held I could not defend myself. I was thrown to the ground and I was kneed in the face. I felt my nose break," he said.' Read more: Family Files Police Brutality Suit Against Seattle Police Dept. Friday, 20 August 2010 07:57 Friday, 20 August 2010 08:36 'It was another of those great TV moments. Embedded reports filming as the “last” brigade of American troops in Iraq cross the border into Kuwait bringing over seven years of unhappy conflict to its final, conclusive end. America was, at last, at peace. But like so many other great TV moments, this one was a scripted fantasy, a fake exit done purely for political gain by an increasingly unpopular president trying to look like he is keeping at least one campaign promise. It was perhaps a different sort of scripted, mythical end to the Iraq War than the last one, the May 1, 2003 “Mission Accomplished” speech of President Bush, but it was no more real, as over 50,000 US troops remain on the ground in Iraq tonight.' Read more: US Announces Second Fake End to Iraq War Friday, 20 August 2010 09:58 'Fannie Mae and Freddie Mac have become gigantic financial black holes that the U.S. government endlessly pours massive quantities of money into. Unfortunately, if the U.S. government did allow Fannie Mae and Freddie Mac to totally implode, both the mortgage industry and the housing industry in the United States would completely collapse. So essentially the U.S. government finds itself between a rock and a hard place. Prior to the financial crisis of the last few years, Fannie Mae and Freddie Mac were profit-seeking private corporations that also had a government-chartered mission of expanding home ownership in America. But now that they have been officially taken over by the U.S. government, they have become gigantic bottomless money pits. It is hard to even describe just how much of a mess Fannie and Freddie are in. However, the unprecedented intervention by Fannie Mae and Freddie Mac in the mortgage market over the past couple of years has been about the only thing that has kept it from plunging into absolute chaos. So what does the future hold for Fannie Mae and for Freddie Mac? Well, according to one estimate, it could take another 5 trillion dollars to "fix" Fannie Mae And Freddie Mac.' Read more: Five Trillion More Dollars to Fix Freddie Mac and Fanny Mae? Friday, 20 August 2010 09:55 'The net-neutrality ending deal with Verizon is just the beginning of Google’s plans to kill the open and free Internet as part of their takeover agenda to completely control the world wide web and force independent media websites, radio and TV shows out of existence for good. Google’s agreement with Verizon to speed certain Internet content to users opens the door to the complete sterilization of the world wide web as a force for political change. Under Google’s takeover plan, the Internet will closely resemble cable TV, independent voices will be silenced and the entire Internet will be bought up by transnational media giants. People who want to run a simple blog will be priced out of existence, online TV and radio shows will cease to exist as the Internet is swallowed up by the corporate borg.' Read more: Google Plans To Kill Web In Internet Takeover Agenda Friday, 20 August 2010 09:43 'Barack Obama's pledge to shut down Guantanamo Bay will not be honoured until at least a year after the President's self-imposed deadline – and may not be completed in his first administration. The man in charge of the seven prison camps at the US naval base in Cuba is yet to receive direct orders to begin the transfer of prisoners so he can close the detention facilities. In his first media interview since taking up the post three months ago, Admiral Jeffrey Harbeson said that even if President Obama implemented his order today it would take him six months to complete the job, a year after the January 2010 deadline imposed by the President when he signed the executive order in 2009.' Read more: Obama's Pledge to Close Down Guantanamo is 'Not Even Close' Friday, 20 August 2010 09:33 Friday, 20 August 2010 09:28 'Yes, it's going to get worse, a whole lot worse ... Bill Gross warns this is the "New Normal. Forget 10% returns. Think 5%". ... Economist Larry Kotlikoff, author of The Coming Generational Storm, warns: "Let's get real. The U.S. is bankrupt. Neither spending nor taxing will help the country pay its bills" ... Economist Peter Morici warns: "Unemployment is stuck near 10%. Deflation coming. Stock market threatens collapse. The Federal Reserve and Barack Obama are out of bullets. Near zero federal funds rates, central bank purchases, a $1.6 trillion deficit have failed to revive the economy." ... Simon Johnson, co-author of 13 Bankers, warns: "We came close to another Great Depression, next time we may not be so lucky." Why? Because Wall Street's already well into the next bubble/bust cycle -- the "doom cycle".' Friday, 20 August 2010 09:09 'Here is the full text of John L. Perry's column on Newsmax which suggests that a military coup to "resolve the Obama problem" is becoming more possible and is not "unrealistic." Perry also writes that a coup, while not "ideal," may be preferable to "Obama's radical ideal" -- and would "restore and defend the Constitution." Newsmax has since removed the column from its website.' Friday, 20 August 2010 08:48 Friday, 20 August 2010 08:44 'We are now three to five generations removed from the rural backbone that strengthened America. The world at large has undergone a similar transformation as the promise of easier work has created a migration to big cities. These mega-cities could be seen as an experiment gone awry, as general well-being has declined, with suicide rates increasing across the world. Crowded conditions and economic strife have led to rampant crime, pollution, corporate malfeasance, and a dog-eat-dog type of competition that can be described as a temporary insanity. The economic crisis we are living through has been the final straw for many people, as promises of a better, easier, and more creative life seem to have been sold to us by carnival-style tricksters who are laughing all the way to (their) bank. Here are the top reasons for becoming self-sufficient; these are based on fundamental, systemic concerns for why undertaking this life change will not be a fly-by-night fad, but rather a long-lasting means for personal independence.' Read more: Ten Reasons to Become Self-Sufficient and Ten Ways to Get There
Friday, 20 August 2010
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