17 September 2011
16 September 2011
Did Fannie Mae, Owned By US Taxpayers, Just Bailout Bank Of America This Month?
Bank of America was supposed to have put up some 400,000 loans for sale to private banks recently. Those loans allowed Bank of America to collect $73 Million in service fees.
But before the sale went through, Fannie Mae bought the loans for what appears to be $500,000,000 (half-billion dollars).
Which leads one to ask, "Why didn't Bank of America go through with the originally planned sale?
And why did the US Taxpayer bailout Bank of America without any noise about it in the Mainstream Media?"
Lastly, if this is indeed correct, why would Fannie Mae overpay by 7 times $500,000,000 for a potential service fee profit of only $73 Million? Was this just another shady bailout of a Too Big To Fail Bank?
15 September 2011
14 September 2011
Camden NJ - Poster Child Of America's Economic Collapse
This is Camden, New Jersey, "the most broke town in America". Here, 35% of all citizens live in poverty.
Thom Hartmann vs. David Seling On America's Infrastructure Now Ranked 16th In The World
Progressive commentator Thom Hartmann and Conservative commentator David Selig discuss America's infrastructure and the President's recent works bill which will begin to repair America's infrastructure.
We learn America is now ranked 16th in the world for infrastructure. Just in one state, Kentucky, 34% of all bridges are structurally insufficient. Hartmann contends the debt during Eisenhower's time was 128%, yet that debt was used to build America's interstate road system which lit a fire under a new economy.
Selig believes money is being wasted on infrastructure by President Obama and that the spending has no accountability.
Ralph Nader Defends Ron Paul And Explains What Americans Are Ignoring About 9/11
After attending a 9/11 panel in northwest D.C. on Monday, Ralph Nader told The Nation‘s George Zornick that Americans had mostly ignored the reasons that the terrorist attacks occurred.
Ralph Nader was up in D.C. last night where he took part in a panel discussing 9/11. In this post-confence video, Nader speaks to George Zornick from The Nation and hits on what America ignored pre and post 9/11:
“All we want to say is that it was a terrorist attack, it was evil, don’t talk about what caused it,” he said. “What really lead to it was, one, we back dictators over there that repress and kill their own people with American arms. Two, we support the Israeli position against the rights of the Palestinian people to have their own state. And three, we have repeatedly failed — no matter how much money we spend — to defend our own country.”
“The folly of the military-industrial complex is that it not only erodes our economy and destroys a quality standard of living, but it also insures an empire which is insatiable in terms of the contracts that Lockheed Martin and others want to dominate the world,” Nader added. “It’s just the opposite of defense, an empire eventually devours its own people.”
Congressman Ron Paul (R-TX) was booed at the CNN/Tea Party Republican debate on Monday night for trying to explain why al Qaeda had attacked the U.S.
Ralph Nader was up in D.C. last night where he took part in a panel discussing 9/11. In this post-confence video, Nader speaks to George Zornick from The Nation and hits on what America ignored pre and post 9/11:
“All we want to say is that it was a terrorist attack, it was evil, don’t talk about what caused it,” he said. “What really lead to it was, one, we back dictators over there that repress and kill their own people with American arms. Two, we support the Israeli position against the rights of the Palestinian people to have their own state. And three, we have repeatedly failed — no matter how much money we spend — to defend our own country.”
“The folly of the military-industrial complex is that it not only erodes our economy and destroys a quality standard of living, but it also insures an empire which is insatiable in terms of the contracts that Lockheed Martin and others want to dominate the world,” Nader added. “It’s just the opposite of defense, an empire eventually devours its own people.”
Congressman Ron Paul (R-TX) was booed at the CNN/Tea Party Republican debate on Monday night for trying to explain why al Qaeda had attacked the U.S.
11 September 2011
Robert Reich - "The Big Lie About The Economy"
Former U.S. Labor Secretary Robert Reich talks about the big lies about the economy and what can be done to fix it. His keynote was part of the "Summit for a Fair Economy" held in Minneapolis on September 10, 2011.
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