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They numbered far fewer than the thousands that turned out Thursday, but the several hundred protesters who attended the second so-called “House call” against Democrats’ health care bill sure were feisty.
At the slightest provocation, the crowd broke into chants of “Kill the bill.” They roared for Rep. Michele Bachmann (R-Minn.), the force behind the original protest, and even louder for Rep. Joe Wilson (R-S.C.), of the infamous “you lie!” outburst.
They carried American flags, yellow “don’t tread on me” flags and a variety of homemade signs proclaiming the group’s dislike for the health care bill and Democrats in general. “Obama is not my dictator,” read one held by a young boy. “Which one are you drinking?” asked another, with a picture of a tea bag beside the Kool Aid jug.
When Rep. Pete Sessions told the crowd that not only was he voting no on the health care bill, but “I wish there was a place for ’hell no!’” they started chanting that, too.
The dozen or so Republicans who spoke told the assembled protesters that the bill would raise their taxes, destroy their freedom and put the country on a path toward socialism.
“I did not spend four years in the army to call you comrade!” Rep. Louie Gohmert of Texas yelled, his voice sounding on the edge giving out altogether.
“They want to enslave you and me, and I won’t let them,” Rep. John Shadegg (R-Aris.) told the crowd.
Several speakers actively baited Blue Dog Democrats, many of whom remain undecided about the bill. “There are some sincere people who think they’re conservatives. Well, this is the day they can show: Are they a Blue Dog or are they a lap dog,” said Wilson.
http://www.politico.com/

On Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — "like buying 1.7 million lottery tickets," according to one financial analyst.
But what's even crazier is that the bet paid.
At the close of business that afternoon, Bear Stearns was trading at $62.97. At that point, whoever made the gamble owned the right to sell huge bundles of Bear stock, at $30 and $25, on or before March 20th. In order for the bet to pay, Bear would have to fall harder and faster than any Wall Street brokerage in history.
The very next day, March 12th, Bear went into free fall. By the end of the week, the firm had lost virtually all of its cash and was clinging to promises of state aid; by the weekend, it was being knocked to its knees by the Fed and the Treasury, and forced at the barrel of a shotgun to sell itself to JPMorgan Chase (which had been given $29 billion in public money to marry its hunchbacked new bride) at the humiliating price of … $2 a share. Whoever bought those options on March 11th woke up on the morning of March 17th having made 159 times his money, or roughly $270 million. This trader was either the luckiest guy in the world, the smartest son of a bitch ever or…
Or what? That this was a brazen case of insider manipulation was so obvious that even Sen. Chris Dodd, chairman of the pillow-soft-touch Senate Banking Committee, couldn't help but remark on it a few weeks later, when questioning Christopher Cox, the then-chief of the Securities and Exchange Commission. "I would hope that you're looking at this," Dodd said. "This kind of spike must have triggered some sort of bells and whistles at the SEC. This goes beyond rumors."
Cox nodded sternly and promised, yes, he would look into it. What actually happened is another matter. Although the SEC issued more than 50 subpoenas to Wall Street firms, it has yet to identify the mysterious trader who somehow seemed to know in advance that one of the five largest investment banks in America was going to completely tank in a matter of days. "I've seen the SEC send agents overseas in a simple insider-trading case to investigate profits of maybe $2,000," says Brent Baker, a former senior counsel for the commission. "But they did nothing to stop this."
The SEC's halfhearted oversight didn't go unnoticed by the market. Six months after Bear was eaten by predators, virtually the same scenario repeated itself in the case of Lehman Brothers — another top-five investment bank that in September 2008 was vaporized in an obvious case of market manipulation. From there, the financial crisis was on, and the global economy went into full-blown crater mode.
Like all the great merchants of the bubble economy, Bear and Lehman were leveraged to the hilt and vulnerable to collapse. Many of the methods that outsiders used to knock them over were mostly legal: Credit markers were pulled, rumors were spread through the media, and legitimate short-sellers pressured the stock price down. But when Bear and Lehman made their final leap off the cliff of history, both undeniably got a push — especially in the form of a flat-out counterfeiting scheme called naked short-selling.
Previous Next Page 1 of 8What really happened to Bear and Lehman is that an economic drought temporarily left the hyenas without any more middle-class victims — and so they started eating each other, using the exact same schemes they had been using for years to fleece the rest of the country. And in the forensic footprint left by those kills, we can see for the first time exactly how the scam worked — and how completely even the government regulators who are supposed to protect us have given up trying to stop it.

WASHINGTON — The Senate Finance Committee voted on Tuesday to approve legislation that would reshape the American health care system and provide subsidies to help millions of people buy insurance, as Senator Olympia J. Snowe, Republican of Maine, joined all 13 Democrats on the panel in support of the landmark bill.
Senators Olympia J. Snowe, Orrin G. Hatch and Charles E. Grassley, during the Senate Finance Committee's hearing on health care reform on Tuesday.
How Olympia Snowe, representing a tiny sliver of Americans, gained so much power.
Post a Comment »The vote was 14 to 9, with all of the other Republicans opposed.
“I don’t want the folks who created the mess to do a lot of talking. I want them just to get out of the way so we can clean up the mess. I don’t mind cleaning up after them, but don’t do a lot of talking.”~~ Barack Obama, at a rally for State Senator Creigh Deeds, Tysons Corner, Virginia, August 6, 2009
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. ~ Thomas Jefferson
"We in America do not have government by the majority.
We have government by
the majority who participate."
- Thomas Jefferson.
"Think as I think," said a man,
"Or you are abominably wicked;
You are a toad."
And after I had thought of it,
I said, "I will, then, be a toad."
--Stephen Crane
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"To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical."Thomas Jefferson
'There's no doubt that Lincoln held office during difficult
times...But think of poor George Washington...He didn't have a previous administration to blame for his problems.'
I am an Anti-government Gunslinger, also known as a libertarian conservative. I believe in smaller government, states’ rights, gun rights, and that, as Reagan once said, “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’”
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