Housing bailout bill – another $800 billion gift from the taxpayer to Wall Street

This bill will probably pass in Senate tomorrow. You, your children and generations to come will pay for this. All taxes will be spent servicing this debt.

Cost of 5 years of Iraq war: $560 billion
Cost of this bill: $800 billion

It will be spent bailing out the same fraudsters who got us into this mess. Call your senator now and demand they vote against this! If you don’t, it will probably pass. If you care for your country and your children’s future, vote this video up.


Video: Current.com

Ron Paul on the Housing Bill 7/23/08

“The Mother of All Bailouts”


Ron Paul talks about the bailout out of the housing industry and how it really just destroys the dollar and adds enormously to the debt.

Also, slipped into the bill, was the stipulation that ALL credit card transactions must now be reported to the IRS.


Added: July 23, 2008

Source: YouTube

Exposing Bush’s historic abuse of power

Salon has uncovered new evidence of post-9/11 spying on Americans. Obtained documents point to a potential investigation of the White House that could rival Watergate.

Excerpts (Full article follows):

“According to several former U.S. government officials with extensive knowledge of intelligence operations, Main Core in its current incarnation apparently contains a vast amount of personal data on Americans, including NSA intercepts of bank and credit card transactions and the results of surveillance efforts by the FBI, the CIA and other agencies. One former intelligence official described Main Core as “an emergency internal security database system” designed for use by the military in the event of a national catastrophe, a suspension of the Constitution or the imposition of martial law. Its name, he says, is derived from the fact that it contains “copies of the ‘main core’ or essence of each item of intelligence information on Americans produced by the FBI and the other agencies of the U.S. intelligence community.”

“An article in Radar magazine in May, citing three unnamed former government officials, reported that “8 million Americans are now listed in Main Core as potentially suspect” and, in the event of a national emergency, “could be subject to everything from heightened surveillance and tracking to direct questioning and even detention.”

Related information:

The Last Roundup: MAIN CORE

Homeland Security: Operation Endgame
Why do you think they have called it “Operation Endgame”? That makes no sense if you just want to get rid of some illegal immigrants. The Nazis had the term Endsieg (Sieg = Victory). And here we have Operation Endgame with it’s concentration, ahhhmmm, detention camps. Probably just a coincidence.

Police State 2008 (Interview with Paul Craig Roberts )
Paul Craig Roberts, a Republican who worked in the Reagan administration: “Homeland that is a Nazi term.”
He is predicting a 9-11 type of attack before the 2008 elections. If that occurs, Bush can declare martial law and begin arresting those who disagree with his foreign policy (based on Executive Orders recently issued by the Bush Administration that grant the president these powers

G. W. Bush and Adolf Hitler signed a Directive 51
Adolf Hitler signed a Directive 51 (Source: Brittanica.com) and here is Bush’s NSPD 51 (Source: The White House).
National Security Presidential Directive 51 Source: YouTube
If President Bush will declare Martial Law, for the given reasons in NSPD 51, he will hold all power in his hands alone. He has to answer to no-one anymore. Presidential Directive 51 overrides everything.
So both directives were issued to give the Dictator in charge absolute power!

Jul. 23, 2008 | The last several years have brought a parade of dark revelations about the George W. Bush administration, from the manipulation of intelligence to torture to extrajudicial spying inside the United States. But there are growing indications that these known abuses of power may only be the tip of the iceberg. Now, in the twilight of the Bush presidency, a movement is stirring in Washington for a sweeping new inquiry into White House malfeasance that would be modeled after the famous Church Committee congressional investigation of the 1970s.

Read moreExposing Bush’s historic abuse of power

FDIC Faces Mortgage Mess After Running Failed Bank

Subprime Lender Made Problem Loans On Regulators’ Watch

Federal officials heap much of the blame for the subprime mortgage mess on lenders, claiming they recklessly made too many high-cost home loans to borrowers who couldn’t afford them.

[Loan Troubles]

It turns out that the U.S. government itself was one of the lenders giving out high-interest, subprime mortgages, some of them predatory, according to government documents filed in federal court.

The unusual situation, which is still bedeviling bank regulators, stems from the 2001 seizure by federal officials of Superior Bank FSB, then a national subprime lender based in Hinsdale, Ill. Rather than immediately shuttering or selling Superior, as it normally does with failed banks, the Federal Deposit Insurance Corp. continued to run the bank’s subprime-mortgage business for months as it looked for a buyer. With FDIC people supervising day-to-day operations, Superior funded more than 6,700 new subprime loans worth more than $550 million, according to federal mortgage data.

The FDIC then sold a big chunk of the loans to another bank. That loan pool was afflicted by the same problems for which regulators have faulted the industry: lending to unqualified borrowers, inflated appraisals and poor verification of borrowers’ incomes, according to a written report from a government-hired expert. The report said that many of the loans never should have been made in the first place.

Read moreFDIC Faces Mortgage Mess After Running Failed Bank

Apollo 14 astronaut claims aliens HAVE made contact – but it has been covered up for 60 years


Edgar Mitchell was the Lunar Module Pilot for Apollo 14

Aliens have contacted humans several times but governments have hidden the truth for 60 years, the sixth man to walk on the moon has claimed.

Apollo 14 astronaut Dr Edgar Mitchell, said he was aware of many UFO visits to Earth during his career with NASA but each one was covered up.

Dr Mitchell, 77, said during a radio interview that sources at the space agency who had had contact with aliens described the beings as ‘little people who look strange to us.’

He said supposedly real-life ET’s were similar to the traditional image of a small frame, large eyes and head.

Chillingly, he claimed our technology is ‘not nearly as sophisticated’ as theirs and “had they been hostile”, he warned ‘we would be been gone by now’.

Read moreApollo 14 astronaut claims aliens HAVE made contact – but it has been covered up for 60 years

Government index shows record 4.8 percent decline in US home prices in May from a year ago

WASHINGTON: A government report says U.S. home prices fell a record 4.8 percent in May from the same month last year.

The Office of Federal Housing Enterprise Oversight also says prices, on a seasonally adjusted basis, fell 0.3 percent from April to May. The index is down almost 5 percent from its peak in April of last year.

OFHEO oversees the government-sponsored mortgage-finance companies Fannie Mae and Freddie Mac.

Read moreGovernment index shows record 4.8 percent decline in US home prices in May from a year ago

Banks: Plans to Seek Secret Emergency Funding

So in a free market it is justifiable to keep some “potentially situations” secret!?!? Hmmhh.
Secret from whom?

“The main case for an exception would be if disclosure could panic investors and lead to fears for a bank’s solvency, the regulator said.” Investors in the U.K. have all the right to panic.

Under certain circumstances, immediate disclosure would still be required.”
These “certain circumstances” will occur when it is too late to panic!
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The City watchdog has laid out plans to allow banks to tap the Bank of England for emergency funding without informing the market, in a move which might avoid a repeat of the run on the bank which led to the collapse of Northern Rock.

Under the European Union’s market abuse directive, regulated firms have to disclose price sensitive information. However, the Financial Services Authority yesterday said there were potentially situations where banks would be allowed to keep it secret if they had applied to the Bank.

The main case for an exception would be if disclosure could panic investors and lead to fears for a bank’s solvency, the regulator said. The FSA laid out a series of proposals in a consultation document. It invited industry groups to respond by September 30.

Read moreBanks: Plans to Seek Secret Emergency Funding

CENTCOM’s Master Plan and U.S. Global Hegemony

Many people deny that the U.S. government presides over a global empire. If you speak of U.S. imperialism, they will fancy that you must be a decrepit Marxist-Leninist who has recently awakened after spending decades in a coma. Yet the facts cannot be denied, however much people’s ideology may predispose them to distort or obfuscate those facts.

How can a government that maintains more than 800 military facilities in more than 140 different foreign countries be anything other than an imperial power? The hundreds of thousands of troops who operate those bases and conduct operations from them, not to mention the approximately 125,000 sailors and Marines aboard the U.S. warships that cruise the oceans, are not going door to door selling Girl Scout cookies. United States of America is the name; intimidation is the game.

Read moreCENTCOM’s Master Plan and U.S. Global Hegemony