Taxpayers’ $182B TARP bailout of AIG Now Fully Recovered

As the president and others – nonpartisan and partisan alike – have noted, BIG BUSINESS should NOT need a bailout. They should be operated in such a manner as to allow the Free Market to decide how, to what extent, and if they prosper. As part of that process, ironclad and strong regulation to prevent fraud and abuse should be vigorously enforced. And chief executives

Today Mitt Romney spoke out of the _?_ side of his mouth, and said:

“And you know what he did with it? He’s used it to pay for Obamacare, a risky, unproven, federal takeover of health care.” –Mitt Romney

Government estimates say that more than 6,000 jobs statewide and 20 percent of Iowa‘s electricity needs come from wind power, and the state’s senior GOP leaders all support renewing an extension of a wind tax credit that Romney opposes.

Romney’s campaign did not respond to repeated quests for his position on the other portions of the bill, which includes items such as a tax break for developers of NASCAR facilities and purchasers of electric motorcycles.

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http://www.businessweek.com/ap/2012-08-14/gop-ticket-faces-growing-pains-as-dems-attack
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FACT: The Congressional Budget Office (CBO) has determined that the Patient Protection and Affordable Care Act is fully paid for,

Something Stinks in Denmark: “TOO BIG TO FAIL,” Bank Corruption, LIBOR, and the Federal Reserve

No… no… no…

Banks don’t need to be regulated.

They’re doing quite fine with all the money they’ve stolen from you already.

No, they don’t need regulation.

And no, we don’t need to re-enact the Glass-Steagall Act – the federal law that kept Wall Street Brokerage Houses, Insurance Companies, and Banks separate and out of each other’s business. Right now, as things stand with them, they’re enjoying an incestuous fiscal orgy. And that’s good. We need more incest. We need more orgies. They’re all good. In fact, the more mammon… er, money you have, the more holy you are, the more the Almighty has blessed you – and not someone else (those lazy slobs who don’t deserve anything). {/sarcasm}

But there’s really no reason to worry… the banks will get what’s comin’ to ’em – and the ‘what’ is NOT your money. They have that already.

Come a-courtin’ time (that’d be in the court room), the Banksters be ruled against in a BIG way.

Just wait.

It’s coming.

Next thing you’ll hear in the news are the BIG BANKSTERS wanting legal protection from Congress for the wrongdoing they’ve done.

Just wait.

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Losing With LIBOR: One Trader’s Story

by David Kestenbaum

Listen to the Story All Things Considered [3 min 18 sec] Download

We’ve been talking a lot lately about what’s been dubbed the “LIBOR rate fixing scandal,” where some of the biggest banks in the world have been accused of manipulating a key global interest rate.

London-based Barclays Bank agreed to pay a $453 million fine over charges it manipulated the London Interbank Offered Rate — LIBOR — a key global interest rate. Oli Scarff/Getty Images

If those words — “manipulation of a key interest rate” — leave you wondering what the big deal is, and who would be harmed, meet Dan Sullivan. He says the manipulation of LIBOR cost him a million dollars, in just 24 hours.

Dan Sullivan used to work

Welcome to our Incestuous Fiscal Orgy

On June 1 this year, I had posted a photo and commented about it. The following is that commentary. Though the picture is not necessary to support the entry, it served as a malignant source of inspiration. However, if you simply must see the photograph…

Welcome to our Incestuous Fiscal Orgy – State Farm Privacy Policy

Text of the area of the note:
“Why are we sending you a Notice of our Privacy Policy?

“Federal law permits banks, investment companies, and insurance companies to