Random Links April 15 15

   ISIS
ISIS Is Camping Outside El Paso in Mexico with Spotters in New Mexico 
ISIS Training Camp Uncovered Near Texas Border
Three Ways ISIS and Its Supporters Could Strike America
Glenn Beck Says Unspeakable Evil Is ‘Sweeping the Globe Again’
Prison Radicalisation: Copenhagen Killer Shared Cell With ISIS Fanatic
   Obama
Barack’s Stalinist Mentor Was No Fan of Christ, America, Winston Churchill, 
Frank Marshall Davis: Obama’s ‘Communist mentor’? - The Washington Post
The Obama Constitution
President Obama’s Dreams Of Bandung 
    Foreign
North Korea Transfers Missile Goods to Iran During Nuclear Talks 
China, Not America, Rescues Its Own Citizens Stuck in Yemen
Egypt TV to Israel: ‘Trust in God and bomb’ Iran
Germany Assures Estonia of NATO Support Against Russians
Austin Bay - The Bluff Attack on Bornholm: Kremlin Tests NATO Solidarity
Is Obama's Foreign Policy The Worst In American History? - Investors.com
WATCH: UKIP Activists Jeer Telegraph Journalist Over ‘Black Faces’ Question
Obama as Nuclear Arsonist
Who Really Profits From The West's Warmongering?
   Congress
Boehner boots rebels | WashingtonExaminer.com
New GOP Congress Pretty Much Like The Old Democrat One
SenateBill Stabilizing Doctors’ Payments, Adding $141 Billion to Deficit
Corker-Menendez Goes to Floor Over Opposition from WH, Lobby Groups
House Dems jump to support new Iran bill
Loretta Lynch Vote Stalled on Paying for Abortions
Senate Passes Bill Stabilizing Doctors’ Payments
  Free Association
-Pope Takes on Feminists, Gender Theorists, Gay Activists… Defends Differences Between Sexes
-Freedom of and from Religion - John Stossel 
-Atheists’ Latest Move to Strike God From Public Universities Has One Legal Firm Hitting Back Against ‘Shameful’ ‘Distortion’ of the First Amendment
-ACLU Belittles Believers as Wife Beaters
BtF - Executive, Ex-Im, Clinton,  Calf. H2O, unions, guns, black privilege and hats, The Mess, and The Others

Random March 23 15

Another argument for a Sunday post

Europe
-Defense Spending, Development Bank Fray US-UK Special Relationship
-Hillary Clinton: The US Should Emulate Socialist Germany and Pay Companies to Keep On Unneeded Workers
-Britain Surrenders | FrontPage Magazine
Executive Transformation
Beware The Obama – Final Stages Of Fundamental Change….
Regime Change: America's Failing Weapon Of International Deception
Surviving Socialism: Considerations For American Patriots
Don’t Get Distracted . We Still Have 22 Months Left of Obama’s Presidency.
Executive
Justice Department Rolls Out An Early Form Of Capital Controls In America
FEMA to deny funds to warming deniers
Fast and Furious Cover-up Rewarded in Appointment of New ATF Director
Think
Gutcheck: In Praise of the Unheard Musician - Breitbart
Stop Equality-Mongering Before It Destroys Us
The Great American Racial Divide
Republicans Should Stop Promoting ‘Laboratories of Democracy’
Hugh Hewitt’s Defense Budget Litmus Test Misses The Point 
Let’s Be Two Americas: The Case for Federalism
The Gawker Veto
Check Your Privilege Theory
The Mess
Breitbart Chairman: Glenn Beck is Right in His Bill of Indictment of the GOP
H-1B Immigration Battle: Ignorance Has A Severe Penalty
Higher Education Arrogantly Ignoring its Problems

Electronic Financial 9/11/08 Attack?

Update- It may just be a crazy meme. That is mainly why I waited, not long enough i guess.
Kanjorski and the Money Market Funds: The Facts

I have been thinking this over and I really don't know. When did the election turn? Was it the economy? My line of thinking gets darker. I don't believe in massive carefully paned conspiracy. I do however believe that if enough people have the same goal and follow similar tactics they can do bad things before any one or enough people catch on. SO, Saul Alinsky's Rules For Radicals. Then there is the conspiracy. I am not sure i believe this but the evidence is piling up. Is this part of the Cloward-Piven Strategy? It was all layed out before the election. I have no idea but it is all getting very scary.

From Atlas Shrugs:

"Rep. Paul Kanjorski of Pennsylvania explains what former Treasury Secretary Paulson and Fed Chairman Bernanke told congress during the September 2008 closed door session. During the first third of the video an enraged caller is ranting to Rep. Kanjorski about how wasteful the first $700 billion bailout was. The best part is 2 minutes and 15 seconds into the tape where Rep. Kanjorski reveals what Paulson and Bernanke told congress that shocked them into supporting the first $700 billion bailout.

On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in a matter of an hour or two. Money was being removed electronically.

The Treasury tried to help, opened their window and pumped in $150 Billion but quickly realized they could not stem the tide. We were having an electronic run on the banks. So they decided to closed down the accounts.

Had they not closed down the accounts they estimated that by 2 PM that afternoon. Within 3 hours. $5.5 Trillion would have been withdrawn and the entire economy of the United States would have collapsed, and within 24 hours the world economy would have collapsed.

Kanjorski also explains why Paulson spent the bailout money differently than he originally proposed."

Here is the video from C-Span

"They say 4 or 5 trillion dollars could have been emptied out of the bank by the end of that business day. Presumably, it could not have gone all to one entity, else that entity just could have gone back when the markets opened, and continued to withdraw funds. So, if it were designed as action to induce a panic, it had to have been done in a way that the new would spread quickly, go "viral" as it were, to others holding funds or control over funds in similar banking institutions/markets. So, the transaction had to be public, or at least traceable, because they had to be noticeable, and they had to instill a panic so that the run would continue, and people would be noticing what was happening and would move to preserve and protect what money they could access."

There are clearly a mountain of more questions than answers. Was it just a panic run? Foreign government? Terrorists? Or Crazy as it is (yes very crazy) some one orchestrating it from in side the US? READ THE Post. It goes even further. What did the Senators know? I am a little sick. Hope this is all just some made up dream.

From Moonbattery

"These days it's not easy to know what to believe, as Democrats attempt to panic the herd into submitting to the socialist power play currently underway in Washington."

From Gateway Pundit

"This is all very interesting-- When President Hussein was campaigning and the "economic crisis" hit, he did not think it pressing enough to leave the campaign trail, but now we should push through a trillion dollars in legislation without oversight because a few weeks later the King deems it urgent?"

It is going around:
Zero Hedge: How The World Almost Came To An End At 2PM On September 18
Rush Limbaugh

Financial Optimism in the Face of Insanity

I have in the past week heard a little faint optimism. It makes me feel a little better then my brain kicks in. An upside to all the financial mess is that more people are looking into it and more of it is being reported. When big companies and government are involved there are rules and practices that make no sense. Take these numbers with a few tons of salt, i don't have direct references. My recollection the Fed can loan money seven time actual money and banks only have to keep 16 to 20 cents on the dollar of money deposited. I understand the Fed lending more than they have, it keeps things growing, but seven times? Changing that ratio would give much more direct control that changing interest rates. As for the second ratio, shouldn't it be in line more with expected money on hand in the future, ie. profits of the company. Something along the lines of 30% cash and 30%+ in assets, i don't really know, but 16 cents of a dollar? yum salt good.

That said for what its worth I am sure most of the current problem would have been avoided if someone has passed a law or issued a guild line or rule that just said that banks couldn't lend more than 99% of the value of residential property. A 125% loan what? No one thought that was a bad idea. The real horror show of all this is that it will allow all sorts of new regulations and law. I am not for no regulation and not for increasing it every time there is a problem. Solutions, way over my head.

The original article tends to disappear. This from Centerfield

The Economist this week published an article suggesting that serious overleverage is afoot. Leverage is the ratio of loans to capital at hand. If it's too big, it's hard to resist financial trouble. The article's freely available to nonsubscribers, so far. They give numbers that suggest Merrill is 50:1, and Goldman is 28:1. Note, an earlier Econ article had the now-deceased Bear-Sterns at roughly 30:1. This article talks about some of Bear's problems in some detail.

Doesn't allow much movement, but if the loans are solid and transparent it should make little difference. When your offering 100% loans like their water and your just getting cliff notes on bundles of loans not so good. Look at it this way 100:2, 100:3.6, 100:3.3 so if the value of the loans decreases by 2-3.6% you have no cash left and everyone is trying to sell to cover the dept.


The Dilbert Strategy Form The NYT op-ed points to Bush lack of regulation. I agree that the Bear Stearns of the world need some regulations, there are a lot of pensions tied up in them, but let's not go overboard. The typical reshuffling won't due, but the current thinking only allows that or massive government interference, not the smart streamline of regulation thats really needed.