Entries Tagged as 'tarp'

“Holding up the world” with the American Bailout Nightmare

December 8th, 2009 45 Comments

Stacy Summary:   Kashkari’s Freudian slip, we had to “hold up the world.”

“Was it real?” – the American Bailout Nightmare

Mr Kashkari admitted that he plucked “a number out of the air” when deciding with Mr Paulson how much funding to request from Congress for the Tarp.
He told The Washington Post that he used his BlackBerry [...]

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Barofsky says TARP ‘Almost Certainly’ Will Bring Losses to US Taxpayer

November 13th, 2009 20 Comments

Stacy Summary:  Fraud is the system.

Barofsky says US taxpayers will almost certainly lose billions on TARP

“When I first took office, I can’t tell you how many times I’d be having a sit-down and warning about potential fraud in the program and I would hear a response basically saying, ‘Oh, they’re bankers, and they wouldn’t put [...]

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Ireland’s 54 bil euro gamble & White House tarps TARP

November 12th, 2009 42 Comments

Stacy Summary:  It grows more evident every day that the global economy is truly in the hands of jokers.

Ireland’s 54 billion euro gamble nears approval

White House wants to use TARP funds to pay down deficit (lol, very interesting way to extract a new tax)

Tavakoli via Mish:  There are no criminals.  Everyone is innocent.

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Fiscal disasters, disbelieving Ponzis and misused TARP

July 20th, 2009 167 Comments

Stacy Summary:  The disbelieving Ponzi victims remind me of nearly the entire populations of much of the Western world that Ambrose says await an Irish fiscal fate.  What are you thinking or reading about today?

Recession forces a million Brits to work part time

An Irish like fiscal disaster awaits the Western world

Victims of UK ponzi [...]

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Headlines, Headlines, Headlines – 25 April 2009

April 25th, 2009 25 Comments

Stacy Summary:  The Fed to get Treasury bailout?  You mean the Fed is a private bank?  In the meantime, Latin American & Caribbean nations and provide greater details on their new regional currency, the sucre.

Is the Fed going to be bailed out with TARP funds?

Summit of the Americas declaration:  Capitalism ‘threatens life on planet;’ financial [...]

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Headlines, Headlines, Headlines – 23 April 2009 [Updated]

April 23rd, 2009 12 Comments

Stacy Summary:  Joe Bag of Donuts continues to eat dust.  Lord Bankster continues to pick his dust eating pockets.   “Personal theft” soars 25% in UK.  Police gave no indication on how much is related to bank bailouts.  And, a guy in San Francisco takes some of his money back from the bankers.

Northern Rock reports [...]

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Headlines, Headlines, Headlines – 16 April 2009 [Updated]

April 15th, 2009 21 Comments

Stacy Summary: A Saudi Prince losing control of his Kingdom.  In the United Kingdom, meanwhile, a nation where a man’s home is his casino castle, mortgage chip holders are now underwater and sinking fast.

Prince Alwaleed begins selling off his Kingdom to finance his Citi habit

Moody’s expects house price falls of 40% in UK, downgrades 9 [...]

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Headlines, Headlines, Headlines – 04 April 2009

April 4th, 2009 24 Comments

Stacy Summary: The US government and its latest imperial presidency are not ready to stop transferring wealth from the population to the bankers and are doing everything in their power to stop the people from knowing that it is happening. And it looks like once they are done looting us, they are planning [...]

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