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Hera Research is pleased to present a sobering interview with Neil Barofsky, Senior Research Scholar, Senior Fellow and Adjunct Professor of Law at the New York University School of Law. From December 2008 until March 2011 Mr. Barofsky served as the Special Inspector General for the $700 billion U.S...
Posted to
Hera
by
Ron Hera
on
Tue, Sep 18 2012
Filed under:
Filed under: collateralized debt obligations, CDOs, mortgage fraud, Neil Barofsky, fraud, crime, waste, TARP, abuse, New York University School of Law, U.S. Treasury Secretary Tim Geithner, white collar crime, Troubled Asset Relief Program, Bailout, securities fraud
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well yes there are no good news. There are currently just bad and worse news. Now it's the spanish banks, another 100 billion. I wonder from where that money comes. And you know the answer. It comes from new debts and this debts have to be beard by the tax payers. Oh yes they won't honestly higher...
Posted to
F Dominicus Blog
by
Friedrich Dominicus
on
Sun, Jun 10 2012
Filed under:
Filed under: corruption, Bailout, deledefs, saving banks, bribe money, "political solutions", road to hell, depletion, worthless money, banks, betrayal, deceiption, the trouble with debts, when comes the end, "experts", bad idea, big lies, bastard, voodo economy, wishful thinking, addiction, abhorrent, times are changing, beyond markets, bankrupt reloaded
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well usually the world is neither white nor black. Now it's quite different in current politics. Ok agree the Republican have won. So what? They have also voted for all the diverse Bailout plans, especially the first one which was used to sunk 780 Billion Dollars without any effect and without any...
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Ah, well somone would call it "Living in interesting times". I'd rather read it like, going to die. The EU considers now (b)failing out Countries, our first try Greece, next stop (who knows) but it can't took that long till it's Germany. I guess this will be the mother of all failouts...
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It's the day before we are supposed to be told whether or not the Federal government will continue to shovel money into the hands of the moribund American automakers, GM and Chrysler. In spite of protestations from the White House that “bankruptcy is an option” there is, and I don't...
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The reasons behind the collapse of the banking industry and its subsequent bailout by the government are going to be argued by pundits and experts for the next hundred years. There will be books written on it. It will be the subject of countless Ph.D. dissertations. Political candidates will reference...
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One of the selling points of Mr. Obama as leader of the ‘free’ world was that he was/is in touch with reality. By this, of course, it is meant that his struggles have been similar to ours so he shares our values, ideals, and sensibilities. Naturally we assume this about him because he did...
Posted to
Not-a-Lemming
by
FutbolGuru
on
Mon, Feb 9 2009
Filed under:
Filed under: Bail out, Bailout, socialism, banks, capitalism, feudalism, greed, bonuses, reality check, executives, masses
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They say things come to you in the shower. That doesn’t usually happen with me. More often, during the act of climbing into bed. Then I have to get up and write the idea down, for experience has taught me if I don’t write it down, no matter how Earth-shattering the thought, it will be gone...
Posted to
Not-a-Lemming
by
FutbolGuru
on
Fri, Feb 6 2009
Filed under:
Filed under: Bail out, Bailout, socialism, economy, Communism, capitalism, government, retirement, feudalism, greed, mutual fund, FICA, taxes, Social Security, stock market, swindle, 401K, swindler
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It has become unfashionable in some circles to speak out against the rich. Of course it is a hobby on the left, and it is not at all uncommon for a wealthy congressman or actor to rail against excess, such as former South Carolina Senator Ernest Hollings’, famous statement that, “There’s...
Posted to
Not-a-Lemming
by
FutbolGuru
on
Thu, Jan 1 2009
Filed under:
Filed under: Bail out, Bailout, fraud, socialism, theft, corruption, Communism, toxic loans, mortage crisis, capitalism, fascism, government
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We forget things. We forget because we are people, and people are lemmings. For a moment, recall the basis for my analysis – the myth of the lemming. Lemmings DO NOT rush into the sea and commit mass suicide. Lemmings can, however, be frightened, especially by those who seek to benefit from their...
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In 1940 the Wehrmacht was the most successful army on Earth. Nazi Germany's insane leadership had hijacked their nation's professional military and sent them on a rampage across Europe. Prior to their failed invasion of Britain, which rested on the backs of the Luftwaffe, they had tasted only...
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I work in the defense industry. As many may know this industry is funded by the government, which means the money comes from tax-payer dollars. Many towns and cities across this nation survive and in some cases thrive off of these tax dollars. Some people get really, really rich and our military is second...
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I certainly agree with all who were against the bank bailout, as the banks work hand in hand with the Fed to create inflation and rob us of our money, but the auto industry is not in the same boat as the banking industry. In practice I am in favor of a Federal bailout of the American Auto industry though...
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The hypocrisy which surrounds the proposed bailout of the U.S. auto industry is reaching heights rarely seen, even in Washington, D.C. The automakers are being held to a totally different standard than is the UAW, which is, at least, partially responsible for the dire financial straits that the car manufacturers...
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Does a bad apple spoil the whole bunch? Unless the adult influences in my childhood misled me then the answer is no. Somehow, this came to me as my free-market, anti-regulatory brain tried to cope with the harsh reality that something has gone terribly wrong with all that I believed to be true about...