The Real Housewives of Wallstreet

Sludge Factory

http://www.rollingstone.com/politics/ne ... t-20110411

This article covers how may people who shouldn't have received money from the bailouts did.

VINNY GOOMBA

This is a great article, and I'm surprised no one else here has posted it yet. Cheers to Taibbi for focusing on some REAL issues that most of the mainstream media is ignoring. Cheers to Bloomberg for filing the lawsuit that accomplished what the one-time audit provision couldn't do it on its own. What you see here is one of the main reasons that The Federal Reserve was created-- giving public money to private interests, privately. We're coming up on their 100th birthday in a couple of years (1913-2013), and this is the first bit of transparency (it's all still very opaque) that has come our way since their creation :?

Whatever anyone thinks about Ron Paul, it's becoming harder and harder to argue with his positions on The Fed-- public pressure IS forcing their activity into daylight.

Let's not forget that this article mentions that over 70+ loans went to Qaddafi, totalling 35 BILLION:

"And at a time when America is borrowing from the Middle East at interest rates of three percent, why did the Fed extend $35 billion in loans to the Arab Banking Corporation of Bahrain at interest rates as low as one quarter of one point?

Even more disturbing, the major stakeholder in the Bahrain bank is none other than the Central Bank of Libya, which owns 59 percent of the operation. In fact, the Bahrain bank just received a special exemption from the U.S. Treasury to prevent its assets from being frozen in accord with economic sanctions. That's right: Muammar Qaddafi received more than 70 loans from the Federal Reserve, along with the Real Housewives of Wall Street."

I guess we tried killing him with KINDNESS before dropping bombs on his dome.

Suzi78

Agree, great article. Read it a few days ago. Here's another article by Taibbi I think you'll find interesting: http://www.rollingstone.com/politics/ne ... l-20110216

Godfather.

A woman awakes during the night to find that her husband was not in their bed. She puts on her robe and goes downstairs to look for him.
She finds him sitting at the kitchen table with a hot cup of coffee in front of him.
He appears to be in deep thought, just staring at the wall. She watches as he wipes a tear from his eye and takes a sip of his coffee.
"What's the matter, dear?" she whispers as she steps into the room, "Why are you down here at this time of night?"
The husband looks up from his coffee, "I am just remembering when we first met 20 years ago and started dating. You were only 16. Do you remember back then?" he asks solemnly.
The wife is almost reduced to tears herself, just thinking how caring and sensitive her husband is.
"Yes, I do" she replies. The husband pauses. The words were not coming easily. “Do you remember when your father caught us in the back seat of my car?"
"Yes, I remember," said the wife, lowering herself into a chair beside him.
The husband continues. "Do you remember when he shoved that shotgun in my face and said, "Either you marry my daughter or I will send you to jail for 20 years?"
"I remember that, too" she replies softly.
He wipes another tear from his cheek and says..."I would have gotten out today."
__._,_.___


Godfather.