Congratulations to all laker fans whose team won the big game. The team owner is very happy for all of your <ahem> ‘$upport.’ Ka-ching, motherfuckers, you been played.
“What I say is that I never had a real job,” Turbo Timmeh joked.
“TurboTax” Timmy [ Shitener ] Geithner has worked in government his whole life. Before becoming Treasury secretary, he was president of the Federal Reserve Bank of New York, which is a government job but is closely associated with Wall Street. The New York Fed president is selected by a board of private sector bankers and other private sector officials but has to be approved by the Federal Reserve Board in Washington. Almost all of the New York Fed’s profits get turned over to the U.S. government.
If you read this report from last week, Federal Reserve earned $45 billion in 2009, did it not occur to you that the way the Fed, Inc. does mathematics that the Fed, Inc. can’t won’t ever show a loss?
Of course not. That would go against their carefully cultivated air of mystery- as well as the pope’s (oopsy) Fed, Inc. chairman’s infallibility.
Currently, with a TRILLION DOLLARS of assets on the books, should these glorified bean-counters be forced (by who? the Fed, Inc.? Buhuhaha) to mark-to-market right now they might show a $500 BILLION DOLLAR loss.
So $45 BILLION is net negative.
By a large chunk.
Over the last 100 years the Fed, Inc. has used our money like it was their own. They’ve seeded the dismal science with thousands of bought-and-paid-for minions to spread the word and saturated the media with nodding adherents to give testimony. Gently whispering in the public’s collective ear that ‘we really really know what we are doing, really‘ when evidence to the contrary is all around, in triplicate (if they “would just freaking open their eyes” -Mish¹).
Ever wonder why the FOMC meets in private?
If the public saw the dressing gowns these financial tarts doll themselves up in for their by-invitation-only FOMC meetings (“money balls”) their authority would crash overnight.
Where’s a pap when you really need one?
The Fed, Inc. has been responsible for the Great Depression, dozens of recessions before and since, and is the sole architect and responsible party of THIS WORLD’s current predicament through the policy of easy money.
They desperately want everyone to believe they are IN CONTROL of the situation, but in fact they are out of control²… and this next one might be the one that does us- and them- in.
“There is no possible regulation that can stop a credit binge brought about by cheap money and fractional reserve lending that enabled Fannie Mae and Freddie Mac to borrow money into existence at will.
“Remember that the Fed that could not see there was a bubble, could not see there was a recession coming, and thought at numerous points along the way that the mess was “contained”. Even if regulation would have helped, the Fed was oblivious at the time. How can regulation help, when you cannot spot obvious bubbles?”
“Not only did the Fed enable the credit bubble, it blew the policy response. All it takes to prove that is another stock market plunge and credit crunch.”
“It remains true that the greatest injustices proceed from those who pursue excess, not from those who are driven by necessity.” -Aristotle
Not only can’t these tards get the truck in the bin (too small? perhaps they should have thought this through), they apparently feel it’s perfectly fine to trash a perfectly good vehicle because they made a (taxpayer subsidized) sale. Big whoop.
And you and I get to pay for this lunacy.
Of course, Alabama doesn’t have the market for ‘tards cornered, no sirree Bob- we got a an entire nation of them. To paraphrase Howard Dean, they’re in California, and Montana, and New York, and Florida, and Texas… etc.
Think Bandar Bush will eventually receive that particular (Saudi) royal treatment: beheading?
Who knows, but this steaming turd once threatened UK officials that if they did not stop the investigation into the British Aerospace (BAE) slush fund which him and his family/cronies relied upon for frequent travel and million dollar shopping excursions (no lie) then the UK might soon see another 7/7.
In kingdom, Saudi prince’s coup ‘fails’
Sun, 02 Aug 2009 17:03:54 GMT
Saudi Prince Bandar bin Sultan, the kingdom’s former ambassador to the United States, is reportedly under house arrest over a conspiracy against the monarch.
Saad al-Faqih, head of the opposition group Islamic Reform Movement, told Arab-language TV al-Alam that Prince Bandar has been disappeared and the media has published no word from the ex-diplomat’s whereabouts since nearly three months ago.
According to al-Faqih, the prince first disappeared in Britain but he returned to the kingdom shortly afterwards.
He added that after Saudi officials discovered that he had provoked 200 agents working for the Saudi security service to stage a coup against King Abdullah, he was put under house arrest.
Al-Faqih said people close to the king had disclosed Bandar’s plots and foiled them.
He said Saudi sources believe that intelligence provided by some Arab countries help the Saudi monarch foil Prince Bandar’s conspiracy.
Power struggle between members of the Saudi royal family has been common as power is shared among some 200 princes out of the estimated 7000 family members.
Known as Bandar Bush because of his close relations with former US President George W Bush, the prince is son of Crown Prince Sultan bin Abdul Aziz.
I am sure it is all one big misunderstanding.
“It will be many years before the masses discover just how completely they have been fleeced by the power elite.” -Richard Smith