So-called "Democratic" Senator Jay Rockefeller PUTS ON his MUSSOLINI DICTATOR wannabe cap, muses about CENSORING - ELIMINATING! - America's cable TV news networks!!!

Certified FINANCIAL TERRORIST, billionaire Rockefeller Trust heir, JP Morgan-Chase bank stockholder,  and WOULD-BE DICTATOR  Senator Jay Rockefeller puts on his MUSSOLINI DICTATOR cap, muses aloud about CENSORING America's TV 'news' !!!!

Anyone who thinks that Senator Jay Rockefeller is "Democratic" (much less "liberal") just because he used his inherited millions to buy his way in to the 'Democratic' Party IS DELUSIONAL!

   Senator Rockefeller,  like most 'Democrat' senators today, is a reversion to the  WOODROW WILSON model of "Democratic" reform:  while some  historians might label  Woodrow Wilson's  as a  "progressive" politician, he was in fact a REACTIONARY RIGHT-WING  segregationist, bigot, and denier of civil rights and liberties totalitarian, if you happened to be a Black person living in the segregated South... or  if you happened to be a news editor against America's entry in WWI!  
(Wilson used the Espionage & SEDITION Acts to prosecute, arrest, and imprison hundreds of Americans who were against entry of the United States in to WWI - wiki reports over 1,000 convictions!  - including Wilson's infamous imprisonment of Eugene V. Debs for "undermining conscription" (the draft)  for YEARS after WWI had ended!)

Today,  Jay Rockefeller is, first and foremost, a BIG FINANCE FINANCIAL TERRORIST, who has ENABLED the TWO DECADES LONG DEFRAUDING and THEFT of America's wealth, from working families, to the Big Financial operators and the wealthy tycoons for whom the big banks front - and there is no   "big finance operator" bigger than JP MORGAN CHASE,  the bank dynasty  Mr. Rockefeller was born into as a Rockefeller heir. 

The irony  here is  that the  FOX 'news' that Mr. Rockefeller is so contemptuous of,  is very much in bed with Senator Rockefeller and his predatory "vampire banking"  JP Morgan/Chase Bank
(and the VERY PRIVATELY owned "Federal Reserve"  banking cartel system.... that JP Morgan-Chase and Goddamn-Sachs are THE TWO BIGGEST member-OWNERS  of!)

Fox 'news' is among the most influential PROPAGANDA MEGAPHONES that keep the American rabble clueless, uninformed, distracted, and diverted, which is ESSENTIAL to keep Americans from DEMANDING PROSECUTIONS for CRIMINAL FRAUDS in the critical financial markets.

Given that the natural order of things would that Americans should be shouting and screaming for those CRIMINAL FRAUD PROSEUCTIONS, but instead are diverted from serial financial larceny by the establishment media propaganda machine, there is only one issue or agenda powerful enough to drive that propaganda diversion: HATE.

Fox 'news' helps the establishment WHIP UP HATE against SCAPE-GOAT "enemies," whether union workers, the unemployed, those who have been victimized by mortgage fraud, and especially against Muslims in the "global war on terror."

SENATOR ROCKEFELLER COULD NOT OPERATE as the above-the-law billionaire tycoon he is (whitewashing trillions of dollars of financial fraud at the Fed and JP Morgan-Chase bank)  without Fox 'news' (and other right-wing media propaganda outlets) shilling establishment propaganda on a daily basis - but here he is, trying to SCAPEGOAT __HIS OWN__ propaganda Brown Shirt enforcers! 

When Sen. Rockefeller complains that American citizens, because of the economic crisis, are being forced to drop cable TV, he is spilling CROCODILE TEARS.

 Like all the other billiionaire elites, Senator Rockefeller cares no more for  consumers being extorted out of high prices, than he cares for Americans DENIED HEALTH CARE because they can't pay for expensive premium "health insurance." 

In the case of energy (oil & gas prices), food, insurance, education,  health care, and other vital aspects of American life CONTROLLED by the Big Financial cartels,
 Senator Rockefeller is a BENEFICIARY of those big finance EXTORTION and monopoly cartel prices! 

  Would the DESPICABLE  financial terrorist cum "Democratic"  senator like to throw us (here at DemNationUSA)  IN PRISON, for using his picture (below) without paying a royalty to the ROCKEFELLER + JP Morgan-Chase + Golddamn-Sachs + Fed (Reserve Bank)  VERY PRIVATE BANKING CARTEL, that he is a multi-billion dollar member of, that is trying to BUY UP CONTROL of EVERYTHING in America...  INCLUDING  news stories and photos of  WHAT OUR  SENATORS ARE SAYING.... IN the United States Senate & Congress?!  

 - YOU BETCHA!!  

  Mr. Rockefeller is a TRAITOR COMMISSAR Big Finance economic hit man America- & global   EXTORTIONIST, who has ABSOLUTELY NO RESPECT for American citizens, much less their hapless, corrupted, bought-and-owned "major media" press, media,  and news outlets, much less our  worthless piece of paper Bill of Rights and  formerly, late, great United States Constitution. 

Senator Rockefeller Wants FCC To 'End' Fox News, MSNBC
 Huffington Post,  Nov. 18, 2010 
http://www.huffingtonpost.com/2010/11/18/senator-rockefeller-wants_n_785253.html

 

During a committee meeting on Wednesday about television retransmission consent, Senator Jay Rockefeller (D-WV) veered away from his prepared remarks to take aim at both Fox News and MSNBC:

More than just retransmission consent ails our television markets. We need new catalysts for quality news and entertainment programming. I hunger for quality news. I'm tired of the right and the left. There's a little bug inside of me which wants to get the FCC to say to Fox and to MSNBC, "Out. Off. End. Goodbye." It'd be a big favor to political discourse, our ability to do our work here in Congress, and to the American people, to be able to talk with each other and have some faith in their government and, more importantly, in their future... (cont'd)  

 After HIS FAMILY bank, (the Rockefeller owned Chase Bank became part of JP Morgan Chase bank, at one time the largest member/OWNER bank of the "Federal Reserve" U.S. Central Bank)
spent the past 2 decades DESTROYING the U.S. economy by encouraging and participating in TITANIC FINANCIAL FRAUD in mortgages, derivatives, deregulation, bailouts, and every other fraud scheme possible, Senator Rockefeller now wants to DICTATE that Americans should have "some faith in their government"!!!
   ---------------------------------------------
Keith Olbermann slyly refutes the power-mad,  fraudulent,  financial terrorist,  trillions-of-dollars of  BAILOUTS THEFT  WHITEWASHING senator, pointing out that Sen. Rockefeller had previously told Keith Olbermann that he is a fan of Olbermann's "COUNTDOWN"  show.... on MSNBC news TV !!
http://www.huffingtonpost.com/2010/11/18/olbermann-rockefeller-end-msnbc_n_785308.html

(note: we're  posting this entry we were working on back in November, today,  to highlight our committment to name names of the FINANCIAL TERRORISTS who use BROWN SHIRT thuggish NAZI-esque HATE MONGERING, to divert and  distract American public attention from the titanic financial crimes that are wrecking America's economy, and destroying the Great American Middle Class - A middle class  created, nurtured, and protected by a half-century of "liberal" programs like Social Security, the GI Bill, Veteran's Administration and Veteran's Housing acts (VHA)... the American  Middle Class  that was the envy of the world for the half century after the end of WWII.)

Two posts by Rick Ackerman explain how Obama is COMPLICIT with FRAUD, CURRENCY MANIPULATION, and the Goddamn-Sachs/Fed ASSAULT on foreign countries' currencies & economies...

Two excellent posts by Rick Ackerman explain how U.S. financial markets are RIFE with INSIDER TRADING... indeed,  INSIDER FRAUD by the "Big Boys'  IS THE VERY DEFINITION of  Wall Street & the U.S. financial markets under two years of Obama Co.
(and 8 years of Bush, and the later half of the Clinton presidency before that!  The early years of the Clinton presidency were marked by William Black and other S&L regulators and prosecutors ACTUALLY PROSECUTING  FRAUD in the S&L economy killing insider looting & trading scandals;  but of course towards the 2nd half of his presidency  Bill Clinton brought ROBERT RUBIN and LARRY SUMMERS into the Treasury Department (and  fraudster Rahm Emanuel into his White House),  signalling the Clinton administration's ALLIANCE with the FRAUDSTERS at Goddamn-Sachs, JPM, Citi, and the privately owned hedge funds on Wall Street.  (See former Goddamn-Sachs trader Jim Cramer's infamous "fomenting" video.) 
 
 (Similar to Bill Clinton supported Rubin & RIGHT-WING REPUBLICAN Phil Gramm's "DEREGULATION" schemes, and tolerating Goddamn-Sachs & the Fed's institutionalized (credit bubble, credit bust) fraud) 

 ...Rick Ackerman (RickAckerman.com)   explains that Obama's Department of 'Justice' (under Attorney General Eric Holder)  is being WILLFULLY BLIND to TITANIC FRAUD by  THE BIGGEST PLAYERS on Wall Street... which we knew already, because Idiot Obama & GS toady Holder are NOT prosecuting Godddamn-Sachs,  JPM,  Citi, Merrill-Lynch,  Countrywide (BoA), AIG, or any of the other well reported FRAUDSTERS for any of their titanic "defraud investors" schemes...

  ...much less is Team Obama giving us a DIME's worth of ACCOUNTING, for our  FORTY TRILLION DOLLARS worth of taxpayer  EXTORTED  'bailouts' loot & plunder.

    Indeed, taken to its logical conclusion, merely for REFUSING to GIVE AMERICANS AN ACCOUNTING of their swindled and stolen "BAILOUTS" loot (much less not prosecuting criminal fraud by the Big Boys),   it simply must be said that President Obama is THE BIGGEST fraudster &  SWINDLER of them all
  (with Speaker of House Nancy Pelosi a close second... no matter how much she may hide behind Team Obama, her bright red dresses, and her  fluttering female eyelashes, the United States  CONGRESS is, at least according to the late United States Constitution,  the ultimate arbiter of all tax and spending bills passed by and/or enforced by the U.S. government - no matter how much the corrupt and incompetent Speaker Pelosi DEFERS her financial authorization & oversight powers to her Goddamn-Sachs, JPM, and  Fed "campaign donation" bribes & intimidations overlords.)
 (Which three - the Fed, GS, and JPM,  are all three synonymous,  one-and-the-same, interchangeable.)

 http://www.rickackerman.com/2010/12/in-the-trading-world-insiders-are-legion/
  Although we wish Federal prosecutors well in their efforts to root out insider trading, we won’t be too terribly surprised if the five alleged insiders charged Thursday in a high-profile case beat the rap. It’s like trying to root out corruption in places like Kazakhstan or Louisiana, where graft is a way of life. A jury of one’s peers in Baton Rouge probably thinks it’s got better things to do than convict someone for anything less than a capital crime. The five men charged yesterday are all connected to a Mountain View, CA, firm called Primary Global Research....
  We’ve always wondered how the regulators choose their targets. There is so much “good information” out there, and so many ways to come by it, that ten-thousand prosecutors working for a thousand years would not exhaust the supply of potential felons. In the meantime, the real insiders have at times seemed to have gotten away with murder by operating in the open. Bear Stearns, for instance.  The late, great investment firm served for a while as investment banker to Resorts International, the first company to open a casino in Atlantic City.  At the time, we were working in the options pits of the Pacific Stock Exchange, making markets in put and call options on, among other stocks, Resorts International. To say that Bear Stearns traded Resorts options knowledgeably would be a gross understatement. They were bloody geniuses, they were, and they leveraged information on Resorts by buying or selling options with uncanny timing.  (cont'd)

  Yep, that's not our opinion:  Idiot Obama's "Economics" and "Dept. of Justice'" teams are SO INSANELY CORRUPT, that according to RA they pretend not to notice that  "the REAL INSIDERS have been GETTING AWAY WITH MURDER"  or that there are enough insider trading and fraud cases out there to keep 10,000 prosecutors busy for a thousand years! 

  An even more fascinating article is Ackerman's explanation of 
how BERNANKE and GEITHNER
(on behalf of  GODDAMN-SACHS and JP Morgan, which is to say,  the rothschilds multi-national parasite bankers cabal, & etc.)  INTENTIONALLY SABOTAGE  foreign markets, foreign economies, and foreign currencies,  in order to boost (artificially pump up) the  U.S. dollar....
 which  (debasing the dollar while fraudulently pumping it up at other nation's expense)  allows Bernanke and Geithner to HIDE all the BILLIONS (upon trillions) of dollars they are PRINTING UP and GIVING AWAY to their GS and JPM  career mentors and overlords. 
   (The nominally "American" member-owner banks of the Fed...  are actually front companies for the  rothschilds banking cartel, which has 100 other front companies and partner parasite banker + financial extortion  allies.)  
  Yes, it's true:    to see how the  VAMPIRE SQUID extortion Fed/JPM/Goddamn-Sachs (rothschilds) banking cabal actually operates, all you have to do is read this one short & sweet Rick Ackerman article.  
   (Which confirms and supports David Degraw's magnificent 15 minute video interview on the Max Keiser show back in October 2010,  where Degraw asserted that, 
  #1. Geithner and Bernanke have actually dished out  $40 trillion  (FORTY TRILLION DOLLARS)  between "bailouts" and  Fed  "liquidity injections," "backstops," "loan guarantees,"  "quantitative easing" and other fancy names for GIVING Goddamn-Sachs & JPM  taxpayer obligated fiat money; and
#2.   that Geithner has become so reliable for his GS + JPM masters (read, Robert Rubin & pals)   at using these Fed shenanigans to DESTROY  foreign currencies and countries,  that Geithner should be looked at as "an ECONOMIC DEATH SQUAD LEADER." 

http://www.rickackerman.com/2010/12/moodys-threat-spooks-dollar-bears/
  Bullion prices seem likely to remain under pressure for the rest of the year now that Moody’s has trained its water hose on…Spain! Yesterday, the ratings firm dithered its way into the headlines with a threat to downgrade Iberian debt. Presumably, this was done at the behest of Geithner, Bernanke & Friends. Regardless of who ordered the hit, it sufficed to touch off yet another headless-chicken scramble into the alleged “safety” of the U.S. dollar. The timing of this conspiratorial boost to the buck suggests that the Plunge Protection Team is getting better at its job with each passing month. By our runes, the dollar was poised for a breakdown. Lo, just as the selloff begun on Monday was starting to snowball, the dollar whipped around and began a steep rally that was still in force at yesterday’s close. If we’d stage-managed the turn ourselves using Hidden Pivots to time the announcement, we could not have picked a more opportune spot for Moody’s and its masters to spring a trap on dollar shorts. (cont'd)

  We highly recommend reading both excellent Rick Ackerman articles in full (or, you could just read the tripe they try to pass off as "news" at CNN, Time, Newsweek, the New York Times, the Washington Post,  Fox 'news', etc.)   as well as viewing the below incredibly excellent October 2010  "economic imperialism or financial terrorism?" -  "TIM GEITHNER is an ECONOMIC DEATH SQUAD LEADER... the REAL 'bailouts' are FORTY TRILLION taxpayer extorted dollars"  video.  
  (below 2nd of 3 terrific videos; all three of them here )

Idiot Obama ON THE SIDE of CRIMINAL FRAUD in Mortgage 'bankers' war against American homeowners... ARRESTS in LA protesting Chase banks FORECLOSURE eviction squads..

Obama, THE IDIOT! 
   "UPHOLD THE LAWS" that YOU SWORE to uphold - not this nightmare of  big banksters BUYING  "justice" and FALSIFYING mortgage papers (ON TOP OF  USING FRAUD to incite homebuyers to purchase predatory loans)  at the local  courthouse   TRAVESTY that you are presiding over...

xx http://www.huffingtonpost.com/2010/12/16/chase-foreclosure-protest_n_797974.html
  Police arrested 22 demonstrators who blocked entry to a downtown Chase bank branch Thursday to protest what they said were unfair home foreclosures.
The demonstrators, which included homeowners facing foreclosure, community advocates and labor leaders, silently allowed officers to bind their wrists behind their backs with plastic restraints and guide them into a police van.
Dozens more demonstrators chanted and marched on a nearby sidewalk holding sighs that said "Stop Bank Greed, Save Our Neighborhoods" as the 12 men and 10 women were taken into custody.

Obama the FOOL, Obama the FARCE, Obama the FRAUD, Obama THE IDIOT... Obama The SELLOUT !!

"BECAUSE OBAMA is a WEAK-KNEED JELLYFISH" (video, below)

Barack Obama is merely the sad, pathetic  puppet of his Neo-Con bankster-gangster White House...
 
     Janet Tavakoli, alone, does more work to address the SYSTEMATIC FRAUD that  still, to this day, SATURATES Wall Street and America's critical financial markets, than the entire Obama White House and  (Attorney General) Eric Holder's "Department of Justice" have done -   for the simple reason that Obama & Holder are running a CRIMINAL PROTECTION RACKET for  the Rubin-Summers-Emanuel-Gensler-Schapiro-Kagan (et al)  Goddamn-Sachs  GANSTERS on Wall Street and in the White House:

 ZeroHedge.com: "FAILING to PROSECUTE Wall Street FRAUD, is  EXTENDING our Economic Problems"
  
   "FRAUD IS THE MODEL" -
    Fraud IS the "business model" of Obama's Summers-Emanuel-Gensler-Schapiro-Orszag-Lew 'economics team.'   
   (Rubinites all, Orszag & Emanuel have jumped ship from the rotting Obama White House in past few weeks  - Orszag STRAIGHT to Rubin's old fraud stomping ground at Citi 'bank', and Emanuel soon to get another multi-million dollar payoff from the GS financial swindlers + Israel war lobby (which are one-and-the-same) any week now.)   

  (Obama is A FOOL  to   allow Orszag to go STRAIGHT to such a multi-MILLION dollar "senior banker" job - AT A BANK that WOULD BE  BANKRUPT, but for BILLIONS of taxpayer extorted dollars of "bailouts" !!!)

Janet Tavakoli (powerpoint):
"FRAUD AS A BUSINESS MODEL  Within the Structure of Wall Street"
http://dailybail.com/home/janet-tavakoli-fraud-as-a-business-model-within-the-structur.html 
 
 ht Max Keiser:  in discussing the systematic, titanic mortage fraud in US mortgage markets  with financial author Michael Hudson,     re the "Who's Who of financial rapists, Ameriquest"
(the prime subject of Mr. Hudson's new book, "How A Gang Of Predatory Lenders And Wall Street Bankers Fleeced America — And Spawned A Global Crisis")  Max summarizes that   "FINANCIAL RAPE PAYS BIG"  and that OBAMA's OWN  'economics team' are part of the TITANIC FRAUD that SATURATES Wall Street and that  is (continuing,  2 years into Obama's presidency)  KILLING the American economy:


  MK     "It's the America dream [to use the 'advanced sales technique' of learning loan applicant's emotional weaknesses, "Finding the Pain, "  getting low-income buyers, who hope to purchase a home and break out of the cycle of low-income debt,  to break down in tears... "emotional torture;" and then exploit their financial naivete with overpriced, predatory sub-prime loans] 
  ...to rape and pillage your fellow Americans using this advanced sales technique."
   MH: "Right, Ameriquest started by Roland Arnall, an immigrant from France, eventually became a real estate developer.... in the late 80's, as the S&L business was starting to crash & burn, he realized that the real money was in making subprime mortgages.  He grew his company from a pretty small player to the largest SUBPRIME LENDER...   He was Bush's largest source of financial cash in the 2004 elections, Bush nominated him as US ambassador to the Netherlands.
 MK:   "The Democrats are not shy about this, with Clinton and ROBERT RUBIN,  DIRECT BENEFICIARIES of the troops on Wall Street  just really DIGGING IN to people's NET WORTH and bank accounts, and EXTRACTING   and doing unbelievable damage.  Now we understand that JP MORGAN is UNDER INVESTIGATION for all kinds of stuff...."
   [Mr. Obama's "friend" and White House dinner bud, Jamie Dimon is Chairman of the rotting, insanely corrupt, American economy gutting JP Morgan-Chase bank.]

new- Daily Kos December 2009 story reveals the Rubinite minions Obama has  saturated his presidency with:

http://www.dailykos.com/storyonly/2009/12/11/813139/-Taibbi-details-Rubin-clones-around-Obama
"The team Obama put in place to run his economic policy after his inauguration was dominated by people who boasted connections to [Robt. Rubin through]  at least one of these four institutions — so much so that the White House now looks like a backstage party for an episode of Bob Rubin, This Is Your Life!"

    Daily Kos'  above story sourced from  Matt Taibbi's excellent Rolling Stone video
 "OBAMA's BIG SELLOUT"  - to the VAMPIRE SQUID  PREDATORY,  Treasury looting, economy gutting,  world resource raping Goddamn-Sachs criminal "bankers."
 http://www.rollingstone.com/politics/videos/video-gallery-page_3/76867

Investment Risk Analyst Chris Whalen: "The FED Let The REAL ECONOMY GO TO HELL"

Another DR show home run:  It's a shame that the so-called "liberal"   'news' anchors at MSNBC (Ed Schultz, Rachel Maddow, and Keith Olbermann)  are, apparently, completely ignorant of the fact that Barack Obama is completely in the pocket of his Golddamn-Sach/Fed economic sabotage, financial extortion  wrecking crew -


 DR:  "So I saw that Golddamn-Sachs  at the peak  [of BAILOUTS grabbing panic]  TOOK $24 billion..."

CW:  "The Fed was set up to help the real economy, when Wall St. periodically destroyed itself.
So... the folks at the Fed have become so corrupt, and so captured by the banking industry, that we've turned the whole thing on its head."
  "...The Fed is now there to SUPPORT the SPECULATORS, and let the REAL ECONOMY  GO TO HELL..."
  "...not only that, but the impact, the  NEGATIVE effect of the SPECULATORS, especially in residential mortgages, was so awful that the Fed had to come to the rescue of Big Corporations, too, which were CUT OFF from commercial paper [the ability to raise cash by writing corporate bonds].

 DR:  [in agreement]  -  "I looked at the list, obviously, GE, which is hugely dependent [on the need to raise cash by writing corporate bonds]"  
  - here  Dylan actually mentions the vulnerability of General Electric corp. to the financial depradations of the Rubin-Summers-Bernanke-Paulson crew (all associated, in one way or another, with  Golddamn-Sachs)  - GE is the parent of  NBC and MSNBC, which hosts the DR show.

Two slight quibbles:  Chris Whalen states that "the Fed was set up to help the real economy"....  this was  the excuse  used by the Big Bankers  in cadgoling the Congress and Senate to authorize the Fed in 1913.  However, the "creature from Jekyll Island"  (as writer ____ ___ called the Fed, from the location, Jekyll Island, Georgia, where the banksters met in 1913 to draw up their government monopoly money-creation/money-extortion cabal,  given the propaganda name "Federal Reserve Bank"  to disguise its very PRIVATE BANKING CABAL reality)   was  never really intended  by its member-owner banksters to 'help the real economy' -  it was designed,  in good old Rothschild's  fashion, to be another  typical  credit-bubble-boom,  credit-contraction-bust economic extortion & wealth extration syndicate, in the same way that large hedge funds can "pump and dump" individual stocks, thereby draining the wealth out of pension funds  by panicking money managers to buy or sell on waves that the predatory hedge funds have planned in advance. (As explained by former GS trader Jim Cramer in his infamous "fomenting" video.)  
   Alan Greenspan, Ben Bernanke, and other Fed Chairmen have never had the interests of the American economy as a whole as their focus: they have always been focused on maximizing the wealth,  be it by extraction or extortion, of the top 1% who own controling interests in  the member-owner banks of the Fed, of which GS and JPM are the two most famous/infamous.     This gets in to the money creation powers of the Fed:  Greenspan, Bernanke, Giethner, and other officials at the Fed can dish out  TENS of BILLIONS of dollars in fiat money" - made-up-out-of-thin-air cash -  which CONNECTED bankers can use to BUY UP real, valuable assets in the U.S. and world economies.   This creates INFLATION for the goods and services that ordinary people depend on every day to live their lives.
     The proof of the US government's  COMPLICITY in Ben Bernanke's and the bankers'  lies,  is that a  government agency came up with a "zero inflation"  number used to deny seniors a cost of living allowance Social Security increase  this year,   when every house wife in America knows  that the cost of food, gas, insurance, health care, education, and most other expenses have been climbing steadily, if not dramatically, over the past year.   Ben Bernanke and Barack Obama are both  abject liars, they both effectively work for the same  member-owner banks of the "Federal Reserve" banking cabal, and especially the GS+JPM ( JP Morgan-Chase and Golddamn-Sachs) banksters.  

  -   The bill authorizing the Fed was signed by Democrat President Woodrow Wilson,  who is often labeled, by elite friendly historians and establishment authorized textbooks, as a "REFORMER" - in  a recent History Channel broadcast of the Presidents series, one historian was at a loss to come up with any "reforms" that Wilson had enacted besides signing the Fed bill into law!   In fact,  Wilson was a radical Right-Wing Southern SEGREGATIONIST, who threw race relations in America backwards a half century (which is to say,  Wilson encouraged the quasi-state VIOLENT TERRORISM of  segregation and Jim Crow laws).   Only the intervention of WWI  prevented the Fed from creating the  easy credit BOOM, BUBBLE... credit contraction BUST  happening more quickly than in it did,   the  GREAT DEPRESSION of course starting in 1929,  almost exactly a decade after the end of WWI.    If not for the intervention of WWI, the ENGINEERED  economic contraction that was the Great Depression might have happened in the mid-1920s, a half decade earlier.
      IF the Fed and its private banking cabal bankers are not  ROPED IN by  STRICT REGULATIONS, such as the GLASS-STEAGALL Act  signed by President Roosevelt in the midst of the Depression (to prohibit large "investment banker" banks from GAMBLING with the savings of communities held in local savings and loans or smaller banks)  -  it only takes the big banksters about 10 years flat to ENGINEER  the easy credit BOOM,  credit contraction BUST cycle... from which bankers with deep pockets can scoop up billions of dollars of valuable assets for pennies on the dollar from cash strapped business owners,  workers, and homeowners alike
  What distinguished the Market Crash of 2008,  is that the excesses of the fraudulent, swindler bankers were so egregious, that there were NO  bankers left anywhere - not even the nebulous R's multi-continent banking cartel -   with "deep pockets"  deep enough - even Warren Buffet's  $1 billion+ buy-in  infusion to sustain Golddamn-Sachs would have been but a finger in the dike,  if not for the  TWENTY FOUR TRILLION taxpayer-extorted dollars that shortly followed to keep Lord Blankfein's GS  hedge fund gambling monstrosity  ("vampire squid")  out of the sewer of bankruptcy and failure where it belonged (belongs) - as the above video explains.

The Big Finance FINANCIAL TERRORISM WAR against the American people explained...!

Hallelujah! and PRAISE BE! 
Two new additions to the web illustrate, in plain English and for all to see, the systematic means by which the Wall Street, Big Finance, and  Fed bankers are WAGING economic & financial WAR  against the American people.
  First, a video explaining how not only is current "Fed" Chairman Ben Bernanke a LYING TOOL of his Big Finance financial terrorist sponsors and career mentors,   but that President Barack Obama is also a LIAR, a SWINDLER, and a FINANCIAL TERRORIST  himself, for  PROMISING the American people "CHANGE - you can believe in!"  while DELIVERING   MORE of the very financial terrorism that Bush, Cheney, Greenspan, Paulson, BERNANKE and co. had visited on America,  leading millions of American voters to break the race barrier and vote for  a minority presidential candidate in November 2008, a candidate pledging,  promising, above all, to "change" the ECONOMIC SITUATION in America -

   It must be said:  BLACK and minority voters have done EVEN WORSE under two years of IDIOT, LIAR, SWINDLER and  "step-and-fetch-it" HIRED ECONOMIC HIT MAN Barack  Obama and his PRETEND "liberal" but actually RIGHT-WING  "of, by, and for Golddamn-Sachs" economic policies,  than Black  & minority families were doing back in November 2008 when they proudly  voted  for - and thought they were getting - positive "change."
   As Professor Michael Hudson explained (posted here at DemNationUSA in one of our earlier posts)  back in February, Obama's re-appointment of Ben Bernanke signaled that Obama was running a RIGHT-WING REPUBLICAN style presidency  - JUST LIKE George W. Bush and dastardly Dick Cheney - and, indeed, at the behest of his Neo-Con sponsors and Big Finance puppet-masters, Obama was doing things to the American people that Bush could not have gotten away with - Obama is executing MORE RIGHT-WING big finance attack-on-America policies in 2 years, than Bush and Cheney delivered in EIGHT long years of trying! 

Guns and Butter - Obama's Republican Class War Presidency - February 3, 2010 at 1:00pm

Click to listen (or download)

  But first,  before we get to Barry Ritzholtz's awesome, incredibly simplified  explanation  (in the form of an imaginary letter ffrom Warren Buffet, on truth serum, to the SEC and "Uncle Sucker"  formerly known as Uncle Sam) of the INTENTIONAL FRAUD and SERIAL LARCENY that were inherent in Robert Rubin & Phil Gramm's DEREGULATION of U.S. financial markets in the late 1990s,
we'll first post some quick headline links outlining the REAL news - the real ASSAULT ON AMERICA  that the ENTIRE U.S. "major media,"  the ENTIRE  U.S. education system (and especially college and university finance, politics, and economics departments),  and of course both major political parties are COMPLICIT in WHITEWASHING, distracting, distorting, and diverting  public attention AWAY from -
 -  the better to ENABLE  the  RIGHT-WING   concentration of wealth & power ATTACK ON AMERICA:

BOB RUBIN: "US In Terribly Dangerous Territory," Bond Market May Be Headed For "Implosion"
 (note: As Prof. Hudson explains very specifically in the 1 hr. audio link, above,   ROBERT RUBIN, LAWRENCE SUMMERS, Goldman-Sachs, and Harvard were the architects, NOT of Russia's  ECONOMIC REVIVAL, but of the TOTAL COLLAPSE of the post-Soviet Russian economy under "RADICAL PRIVATIZATION" in the early 1990s,  that saw the wholesale transfer of trillions of dollars of Russian assets, to a handful of Western backed Russian oligarchs,  who had done little to nothing to create those assets (which had been built up under decades of Communist rule) the oligarchs and their Rubin/Summers/Harvard sponsors DEFRAUDED tens of millions of Russians out of their pensions, medical care, and other social services,  while contributing and creating  almost nothing in return.)
  
  Karl Denninger:  (our paraphrase) "90% of Americans WANT STIFF PROSECUTIONS for FINANCIAL FRAUD, and especially for  LOOTING of BAILOUTS, pensions, and mortgage & foreclosure  fraud"  -   a desire that media, press, academic, and political ELITES have CRUSHED 100% !!


Dean Baker:  "The Wall Street TARP [bailouts] Gang WANTS TO TAKE AWAY [steal] YOUR SOCIAL SECURITY."

Karl Denninger: BEN BERNANKE is a FRAUD and a LIAR -
http://market-ticker.org/akcs-www?singlepost=2264971 

IDIOT Obama:  "More Aggressive Anti-Foreclosure Efforts Would Help People Who Don't Deserve It"
(Is Obama TRULY  THAT DELUSIONAL????    "People who DON'T DESERVE financial help  DEFINES  Mr. Obama's fraudulent, financial TERRORIST   BANKSTER BUDS at  JP Morgan-Chase, Goldman-Sachs, Citi-bank, BoA,  and Robert Rubin's other Swindler pals on Wall Street and at the Fed!) 

 Speaking of  DEREGULATION and FINANCIAL FRAUD,  in this  all time classic edition of the Dylan Ratigan show Mr. Ratigan interviews  former S&L  Regulator Professor William Black - who states plainly that Obama SHOULD FIRE  Bernanke, his SEC Chairwoman Mary Schapiro, AND  Attorney General Eric Holder, who have all been DERELICT IN THEIR DUTIES to POLICE, prevent, and PROSECUTE FRAUD in America's financial markets!
 video - http://www.msnbc.msn.com/id/21134540/vp/39836703#39836703

 (transcript) -
IDIOT Obama GIVES IN on extending BUSH TAX CUTS FOR RICH - in time of war,  and  economic crisis for America's non-rich families - who are forced to make good on the "BAILOUTS" than land in the vaults of the wealthy and their bankers!!  

   -------------------------------------------------------------------------------------

 Writing an imaginary letter by Warren Buffet, on truth serum, to  "Uncle Sucker"  (formerly known as Uncle Sam),    Barry Ritholtz explains how the United States government -  the Congress, the executive (government) agencies, and BOTH political parties,   INCLUDING the  so-called "Democrats" -  enabled what would become the decades-long  LOOTING and GUTTING of both the productive (industrial) parts of the American economy,  and specifically the TITANIC FRAUD in the critical financial markets.
  As the above  cartoon video on Bernanke, the Fed, and "Quantitative Easing"  explained, the inherent nature of the Fed - a PRIVATELY OWNED BANKING CARTEL that  "issues"  ALL of America's (dollar) currency "money" - IS INHERENTLY FRAUDULENT, undemocratic,  dictatorial, and PARASTIC - for it, the Fed Reserve very private banking cartel system, ALLOWS  connected operators, to  PREY ON American workers, companies, and especially pension funds,  by using  FAKE, FIAT, CREATED-out-of-THIN-AIR 'money'  to  SIEZE  ALL PRODUCTIVE ASSETS in the country (and world), by organized financial, debt leveraging cartels, and creating such concentrations of  fiat money that large fund operators can  "PUMP & DUMP"   EXTRACT the real wealth RIGHT out OF  pension funds, by COORDINATED pump-and-dump stock PRICE MANIPULATION by large funds operators working together.  (See Jim Cramer's "how large hedge-fund operators like me MANIPULATE markets and individual stock prices -  he uses the word "fomenting"- and he uses as an example large companies like Apple (APPL) and Blackberry (RIM)"!!  and video here.) 

Dear Uncle Sucker . . .
By Barry Ritholtz - November 17th, 2010,

Before I get to the bailouts, I have to remind you that in:

• 1999, you passed the Financial Services Modernization Act. This repealed Glass-Steagall, the law that had successfully kept main street banking safely separated from Wall Street for seven decades. Even the 1987 market crash had no impact on Main Street credit availability, thanks to Glass-Steagall.
• 1997-2010, you allowed the Credit Rating Agencies to change their business model, from Investor pays to Underwriter pays — a business structure known as Payola. This change effectively allowed banks to purchase their AAA ratings, and was ignored by the SEC and other regulators.
• 2000, you passed the Commodities Futures Modernization Act. It allowed the shadow banking industry to develop without any oversight by the Commodity Futures Trading Commission, the SEC, or the state insurance regulators. This led to rampant creation of credit-default swaps, CDOs, and other financial weapons of mass destruction — and the demise of AIG.
• 2001-04, the Fed, under Alan Greenspan, irresponsibly dropped fund rates to 1%. This set off an inflationary spiral in housing, commodities, and in most assets priced in dollars or credit.
• 1999-07, the Federal Reserve failed to use its supervisory and regulatory authority over banks, mortgage underwriters and other lenders, who abandoned such standards as employment history, income, down payments, credit rating, assets, property loan-to-value ratio and debt-servicing ability.
• 2004, the SEC waived its leverage rules, allowing the 5 biggest Wall Street firms to go from 12 to 1 to 20, 30 and even 40 to 1. Ironically, this rule was called the Bear Stearns exemption.

These actions and rule changes were requested by the banking industry. Rather than behave as adult supervision, you indulged the reckless kiddies, looking the other way as they acted out. You were the grand enabler of the finance sector’s misbehavior. Hence, you helped create the mess by allowing the banking sector to run roughshod over decades of successful constraints. (Kudos again on that). (cont'd)

IDIOT Obama has accomplished the IMPOSSIBLE: he has RESSURECTED the BUSH brand in just 2 years flat! Jebby Bush looking polished & popular in glow of Marco Rubio's Florida senate win...

There is a simple reason that Democrats GOT TROUNCED last night in mid-term election voting 2010:
      Because, FAR from delivering the "CHANGE!" that he promised as a presidential candidate  in every waking moment of campaign 2008,  President Barack Obama has instead delivered the DIAMETRICAL OPPOSITE of real change - he has spent the past 2 years delivering MORE of the REPUBLICAN Right-Wing "BAILOUT THE BANKERS - STARVE, FORECLOSE, EVICT, FIRE,  & SLASH pensions and   social safety net programs for everyone else" agenda that saw his predecessor, George W. Bush, flown out of Washington   on Helicopter 1 from a landslide of discontent by  literally millions of jeers, catcalls, & raspberries during Obama's Jan. 2009 inauguration. 
  Before we  try to outline and define (below)  Obama's  RADICAL RIGHT-WING Neo-Con POLICIES that led to this tidal wave of voter REJECTION (if not hate) for  the Obama-Pelosi so-called "Democrat" leadership' 'agenda  -
( a tough task, because there are literally  THOUSANDS of  articles, websites, links, and details to substantiate every specific Right-Wing economic SABOTAGE policy we allege against Obama's very Neo-Con presidency)   -
we will  first simply point out that IDIOT Obama has done the impossible:  
  HE HAS TARRED HIMSELF (and the Democrats)  with BUSH & CHENEY's DESPISED policies almost across the board -  (TORTURE, BAILOUTS for larcenous, fraudulent, criminal bankers,  titanic accounting FRAUD at the Fed,  titanic  Bernie Madoff/Enronesque/Wall St. FINANCIAL LARCENY in DEREGULATED markets, EXPANDING WARS,  EXPANDING DEFICITS,  ECONOMIC CONTRACTION, JOBS OUTSOURCING... SUBSIDIZED by taxpayer dollars!,  continuing FOSSIL FUEL GLUTTONY & DEPENDENCE, SLASHED educational & social programs, POLICE STATE POWERS and the GUTTING of citizens' civilian rights,  including CONTINUED de facto apartheid in America's "war on drugs," etc., etc., etc.,  ad naseum) 
   - and, yes, there was JEBBY BUSH,  THIEF of the 2000 elections,  KILLER of Florida's late 1990's era   Gov. Lawton Chiles (Democratic)  state BUDGET SURPLUS;       Gov. Jeb Bush he guy who LOCKED DOWN FLORIDA in a STATE OF MARTIAL LAW  days BEFORE  the 9-11 terrorists hit the NY World Trade Center twin towers (yes, the Bush brothers KNEW IN ADVANCE that Al Qaida terrorists would be acting to kill Americans in early September of 2001)  -
    IDIOT Obama has  SO FOULED and CORRUPTED the "Democratic" Party brand in two years, that he has all but RESURRECTED, restored, and polished   the BUSH BRAND, in just 2 years flat!

Yes,  that was JEBBY BUSH on TV last night, looking tanned, polished, and BASKING in the senate victory of his Florida Republican protege, Marco Rubio - Democrats SWEPT OUT of statewide office in Florida thanks to IDIOT Obama's "OF, BY, and For Golddamn Sachs"  "bailouts" larceny & financial fraud, even though Florida retirees are probably THE BIGGEST BENEFICIARIES  of Democratic "liberal" NEW DEAL and Great Society  programs - from Social Security to FDIC to stock market oversight to GI Bill to other  college  & education  subsidies and jobs creating "big government spending" over the past 5 decades -   IDIOT Obama has  TARRED Democrats with RIGHT-WING REPUBLICAN FAILURES, and thereby has POLISHED UP Jeb Bush's, we loath to say it, presidential prospects! 

 WHAT AN IDIOT!  

     Obama is either TOO STUPID, OR TOO CORRUPT, to  TRASH his  ENTIRE  Neo-Con "of, by, and for Goddamn-Sachs"  "economics team," the MANCHURIAN CANDIDATE TRAITORS who  are IN LEAGUE with the WORST ASPECTS of Right-Wing Republican reactionary economic & social sabotage, people such as LAWRENCE SUMMERS and Peter Orsag who during the Clinton administration urged Congress to pass  the RADICAL RIGHT-WING  REPUBLICAN Phil Gramm written Gramm-Leach-Bliley Act and Commodities Futures 'Modernizations' Acts - both of which, along with NAFTA, GATT, China MFN, and other "Free Trade" deals, empowered Wall Street sharpies to LOOT America's critical financial markets... just as Wall Street insiders had done earlier with the titanic INSIDER DEFRAUDING of Savings & Loans, and government bailouts, from the late 1980s Savings & Loan crisis.
   WHY THE HELL did Obama EVER  put  PETER ORSZAG  a "KEEP THE BUSH TAX CUTS FOR RICH"  Social Security gutting economics HACK in the "Change" White House in the first place???!
    As we will shortly point out,  ORSZAG's name is on the "Social Security CAT FOOD COMMISSION," so called by FireDogLake founder Jane Hamsher  because it is designed by Right-Wing economics parasites, to  TRASH America's Social Security, and drive America's seniors back to 1920s and Great Depression DEATH by STARVATION conditions - the "REFORMS"  idiot Obama has EMPOWERED this commission to consider, would FORCE seniors to choose between life-sustaining prescription drugs or medical care and real food, hence, low-income seniors would be driven to subsist on cat food.
 
With RADICAL RIGHT-WING appointees in critical economics positions  like "cat food commission" Peter Orzag,  "Freddie Mac fixer"  Rahm Emanuel,  economy extortion & sabotage specialist Larry Summers, Goddamn-Sachs partner Gary Gensler, and  ECONOMIC SABOTAGE "maestro" Ben Bernanke,
  IDIOT obama has  RESURRECTED the  BUSH BRAND, in two years flat !!!

 Below,   FireDogLake's  Blue Texan summarizes, in one short paragraph, the DESPISED   __RIGHT-WING__ policies that have gotten Democratic candidates SLAUGHTERED last night:

 3 Things You’ll Hear about the Election Tomorrow That are Total Bullshit
By: Blue Texan,  Tuesday November 2, 2010
  ...Total Bullshit #2. "Obama should move to the middle if he wants to save his presidency."
    "Given that Obama has cut taxes, opened up offshore drilling, passed Mitt Romney’s health care plan, appointed a deficit commission for the purpose of curtailing socialism entitlements, doubled down in Afghanistan, continued and amplified the Bush/Cheney national security policies, expanded the War on Terror(TM) into Pakistan, retained a huge footprint in Iraq and increased the defense budget, where exactly is this 'center' he’s supposed to move to? Between Jim DeMint and Lindsay Graham, apparently."

   Over a year earlier, in Feb 2010, Jane Hamsher (also of FDL)  caught the RADICAL RIGHT-WING NATURE of  IDIOT Obama's "social security 'REFORM' plan," 
"Obama, Social Security and the Diamond-Orszag Plan," which commentary we repost at the bottom of this post. 
  But first, we point out that EVEN as IDIOT Obama has GIVEN the Right-Wing Republicans the ideological  & policy  HATCHETS and AXES they need to SLASH America's social safety net and disaster insurance programs...  he, Obama,  is GIVING the Fed license to PRINT UP ANOTHER  $4 TRILLION,  which fiat-money  LOOT will land DIRECTLY in the Big, FRAUDULENT banker's vaults...

•  Business Insider: QE2 Is Not A Recovery Plan, It's A Stealthy Scheme To Prepare For The Next Bank Bailout 
•  Business Insider: QUANTITATIVE EASING OFFICIALLY BEGINS WITH $600 BILLION IN TREASURY PURCHASES 
• NY Times:  Fed Will Buy $600 Billion in Debt, Hoping to Spur Growth 
• cnn/Fortune.com:  Goddamn-Sachs Demands Fed Print up $4 TRILLION to BUY WORTHLESS "assets" from  FAILED, BANKRUPT, CORRUPT, predatory, INFLATION causing member/OWNER banks of the Fed (including GS of course) 
• zeroHedge: Goldman - The Fed Needs To Print $4 Trillion In New Money

 [note: "Hoping to Spur Growth" IS A LIE:  Geithner & Bernanke are EMPOWERING the mega-banks that OWN the Fed, to DESTROY the U.S. economy: all those BILLIONS $$ - 4,000 BILLION in this "QE2" splurge alone -  allow the mega-banksters to CORNER the world's essential commodities markets, JACKING UP  PRICES for life-sustaining commodities... which TAKE purchasing AND investment dollars, OUT of the hands of working families -  OUT of the REAL economy.    THIS is how the treasonous  New York Times and Washington Post LEAD the  INTENTIONAL SABOTAGE DESTRUCTION of America's economy, by  WHITEWASHING  Neo-Con big bankers economic SABOTAGE, with one thousands little white lies such as "QE2 is intended to Spur Growth" when the familiar patern is the diametrical opposite. Ultimately, with no timely restraints, this process of GIVING TRILLIONS to big, predatory, fraudulent bankers will result in either the HYPER-INFLATION of Wiemar Germany that led to the rise of the Nazis in 1930s, or to the SIEZURE of land and crops that led directly to the GREAT IRISH FAMINE of 1845-1852... which was but one of many famines Ireland endured under the tender mercies of English guns, ruthless landlords, and predatory, parasitic merchant-bankers.]

...which  $4 TRILLION in  the newly named "Quantitative Earnings 2"  BAILOUTS they will use to BID UP the price of life sustaining commodities,  in their continuing, relentless, and accelerating WAR ON the AMERICAN PEOPLE.

       IDIOT obama is  GIVING  the Right-Wing treasury looting financial parasites FOUR TRILLION MORE DOLLARS, to  ATTACK American working families with!!
   And the STUPID LIARS of America's "major media" press/media, continue to paint Obama as some sort of "Lefty / liberal" !!!
   Below, Jane Hamsher explains how Obama was INTENDING to GUT  Social Security... way back in Feb. 2009, that is, immediately after  IDIOT Obama became president!

 Obama, Social Security and the Diamond-Orszag Plan

By: Jane Hamsher Thursday February 12, 2009  

 http://firedoglake.com/2009/02/12/obama-social-security-and-the-diamond-orszag-plan/

 Ben Smith says today that the left is "silent on Social Security reform" even as the administration considers it, and quotes Blue Dog Jim Cooper who says Obama is "in a honeymoon phase, and many liberals are afraid to express concerns."
Atrios calls it trolling. Perhaps it is, but there have been signs that serious Social Security reform is in the works, and people who have been briefed on the administration’s plans indicate that things like raising the retirement age and cutting benefits are under consideration.
Consider — in December, Cooper said a report  which showed "that the governments unfunded liabilities are roughly $56 trillion" was "shocking."  He called for a commission to address it, which Hoyer endorsed but Pelosi opposed.   The White House agreed to it in January:

Obama said that he has made clear to his advisers that some of the difficult choices–particularly in regards to entitlement programs like Social Security and Medicare – should be made on his watch. "We’ve kicked this can down the road and now we are at the end of the road," he said.

So who is going to be on this panel? Kent Conrad, Judd Gregg, the Blue Dogs and "a host of outside groups with ideas on the matter."  Said Paul Rosenberg:

So, Blue Dogs in. Progressives? Not so much.  Surprised?  Didn’t think so.  The agenda here "difficult choices–particularly in regards to entitlement programs like Social Security and Medicare" is straight out of the fiscal slasher movie on CNN last weekend, IOUSA, which Digby blogged about earlier in the week, and which was thoroughly debunked by economist Dean Baker and his associates at the Center for Economic and Policy Research (CEPR), which he co-directs, when it first came out in theatrical release last fall. 

Whatever plan the task force comes up with, Cooper does not want Congress to be able to amend it. 
Cooper was a health care spokesman for Obama during the campaign.  Mike Lux sounded the alarm at the time, noting that Cooper had been critical to killing health care reform in 1993/94 and was a solid spokesman for the insurance industry position. Digby has more of his history.

  ----------------------------------------------------------

Notice how Obama uses the oh-so-typical WASHINGTON & NY ESTABLISHMENT terms "DIFFICULT CHOICES" and "ENTITLEMENT SPENDING" to set the stage for GUTTING  Social Security.   WHAT THE HELL is an "ENTITLEMENT" about a program that FORCES self-employed workers to donate NEARLY 15% of their take home pay to a GOVERNMENT program???? 

  In plain english,  one of the first things SO-CALLED "liberal" President Barack Obama did, in Feb. 2009, was create a "Social Security 'REFORM' commission" - which he and his Manchurian Candidate Right-Wing Neo-Con White House "economics team" hacks like Lawrence Summers and Rahm Emanuel  proceeded to stack with RIGH-WING  Social Security hating hacks!

  To sum up this long, "rant" of a blog post, all we can say is "WHAT AN IDIOT!" Barack Obama is - he apparently never even listened to HIS OWN 2008 campaign speeches, he has EMBRACED the DESPISED Bush-Cheney-Hank Paulson agenda as his own, now THE ONLY THING LEFT for Obama to do, is START DROPPING BOMBS ON IRAN, for fun, profit, and to milk whatever favorability he can out of his Right-Wing Neo-Con masters...

  "STEP & FETCH IT" Obama, to appease his Neo-Con & Neo-Confederate masters,  is going, in the next 2 years, to  EXPAND the U.S. wars in the Mideast, and kill THOUSANDS more Muslims in the Mideast,  in a sadly delusional effort to win approval and placate the murderously ferocious radical right wing.... just as George W. Bush ALLOWED the 9-11 terrorists to attack America, so he, Cheney, and the Wolfowitz PNAC crew could institute their lusted-for war on Iraq, and police state dictatorship powers in America.  

Obama's Neo-Cons....

 The Unholy Trio: The "Democrats" masters of Neo-Con political sabotage, economic destruction (bailouts & "deregulation" license to titanic financial fraud) and  Neo-Con (Israel war-lobby) war-mongering TREACHERY:  left to right, Rahm Emanuel, Lawrence Summers, & Robt Rubin.

Rahm Emanuel's fingerprints are ALL OVER, not only the Democrats' DISMAL election prospects tonight, but the ECONOMIC CRISIS that has ONLY GOTTEN WORSE since Barack Obama foolishly picked the Right-Wing, AIPAC, JOE LIEBERMAN CLONE to be his White House Chief of Staff two years ago - Larry Summers is the chief architect of the Neo-Con Fed Reserve + GoldmanSachs/JP Morgan "bailouts & financial fraud" ECONOMIC SABOTAGE of the past 2 years, both Summers and Emanuel are Robert Rubin minions (proteges) - they both worked under former Golddamn-Sachs CHAIRMAN Rubin, when Rubin was Pres. Clinton's Treasury Secretary in the late 1990s.

   =======================================
The most insightful, informative, and important single article or web-page of the past 5 years is DownWithTyranny's post-election 2006 deconstruction  of the Democrats' Campaign 2006 election strategy.... where DWT guest blogger  Paul Lukasiak discovers the appalling truth:  Rahm Emanuel, then (in campaign season 2006) in charge of the Democrats' entire Congressional campaign machinery (then  House Minority Leader Nancy Pelosi's hand-picked DCCC Dem Congressional Campaign Committee chairman) ACTIVELY sought to SABOTAGE the Democrat's election chances!
  HOW RAHM EMANUEL LOST THE HOUSE FOR THE DEMOCRATS-- AND HOW ACTBLUE, MOVEON, MARKOS, JANE, DUNCAN, HOWARD DEAN AND A HOST OF OTHERS SAVED THE DAY
  WHY? would  "liberal Democrat" Rahm Emanuel want to SABOTAGE the Democrats' chances at gaining majority power in the November 2006 elections?  
 - ans.:  Because Emanuel was a JOE LIEBERMAN clone,  a RADICAL RIGHT-WING LIKUDNIK WARMONGER and Goddamn-Sachs TREASURY LOOTER  (the two are synonymous),  and just as JOE LIEBERMAN tried to SABOTAGE the Democratic candidates in the 2006 elections (Lieberman actively CAMPAIGNING FOR _REPUBLICAN_ presidential candidate John McCain)  to bring about the AIPAC (Jewish war lobby) wet dream of a U.S. ATTACK and INVASION OF IRAN,  so too did Rahm Emanuel  hope to ENABLE his FELLOW NEO-CON Likudnik warmongers in the Bush-Cheney administration in November 2006 - who would have bombed every infrastructure target in Iran immediately after election 2006, if Republicans had maintained control of the House & Senate.
   Thus far - election eve Nov. 2010 - Barack Obama and Nancy Pelosi's ONLY real accomplishment (besides becoming the first woman Speaker of the House, and first minority president, respectively)  has been in STAVING OFF the Neo-Con (Jewish war lobby) + Right-Wing Republican LUST to ATTACK, INVADE, and DESTROY Iran...
    but this accomplishment  is now hurtling over a rocky precipe, with Republicans set to take charge of House (and possibly Senate) committees, and, at the INSTIGATION of the JEWISH WAR LOBBY,  they will AMPLIFY  EVERY  "war crime" alleged against Iran  that (literally) billions of dollars of War-Lobby marketeers can dream up  (see Jewish War Lobby professional liar Douglas Feith's "Office of Special Plans" in the Rumsfeld/Cheney War Department after 9-11 2001) 
 
  IN DISHING OUT  TENS, upon hundreds, upon THOUSANDS of BILLIONS of taxpayer dollars to the Goddamn-Sachs/JP Morgan-Chase banking cartel, Barack Obama and Nancy Pelosi have EMPOWERED  both the Republican REHABILITATION... and the next upsurge in MORE WAR LUST. 
  OBAMA's Sheer FRAUD:  _HIS_  administration, and HIS government agencies,  are trying to BULLSHIT Americans that there is NO, or very little, INFLATION - when in fact,   REAL inflation, for the goods and services that Americans NEED to LIVE on, are SKYROCKETING.   Obama is either a COMPLETE IDIOT... or as cruel,  ruthless, & incomptent  as cartoon character Snidley Whiplash,  to either NOT KNOW, or HAVE NO EMPATHY FOR, the MILLIONS of Americans who are being POUNDED by the INFLATION wrought by mega-bankers with nearly UNLIMITED access to "fiat money"  FREE CAPITAL (near ZERO interest rates) -  if not ACTUAL "free money" in  the form of TRILLIONS of dollars of taxpayer extorted "bailouts" GIFTS!

Global food crisis forecast as prices reach record highs
 John Vidal, environment editor, guardian.co.uk,
  Monday 25 October 2010
http://www.guardian.co.uk/environment/2010/oct/25/impending-global-food-crisis
Cost of meat, sugar, rice, wheat and maize soars as World Bank predicts five years of price volatility
• Six casualties of the world food crisis
• UN warned of major new food crisis at emergency meeting in Rome

  A-List:   Food Fight:  Wheat & corn prices up 30%, cost of meat at record levels! Speculator Mike Masters explains why: "Because there is already much more capital available in the world than hard commodities, speculators can increase the price of consumable commodities, like foodstuffs or energy, much higher than traditional consumers and producers can react. ... When derivative markets are linked to commodity markets, this nearly unlimited capital from the financial sector can cause excessive price volatility."

Cowardly, Lying, Thieving, Corrupt "Democrats' GIVE A FREE PASS to Fannie Mae & Freddie Mac for Titanic ACCOUNTING FRAUD...

Make no mistake: Republicans are NO BETTER, and are just as bad... if not worse - at masking and covering up titanic FRAUD in America's critical financial markets as "Democrats" are...
  but when  "Democrat" Congressman Gregory Meeks (D-NY), says that  Fannie Mae and Freddie Mac  DO NOT NEED a massive, criminal accounting overhaul and top-to-bottom audit -  the equivalent of giving "someone heart surgery when they don't need it" -  in Congressman Meeks words...
 
 ...and when "Democrat" Congressman Lacy Clay (D-Missouri) takes Congressman Clay's criticism UP a notch, saying that any attempt to AUDIT Fannie & Freddie is "about the POLITICAL LYNCHING of Franklin Rains" -  then democracy has come to its nadir, Black Congressmen Meeks and Rains are REPRESENTING FRAUDULENT, INCOMPETENT, criminally complicit or corrupt EXECUTIVES, and the BANKERS they deal with (Goddamn-Sachs, JP Morgan-Chase, Citi-bank, BoA, etc.)   AT THE EXPENSE of their minority (working-class Black, Latino, and other exploited groups)  voters and constituents.  

  Sadly, we must report that even the feisty Congresswoman Maxine Water (D-NY) - who is in trouble with the "Democrat" Neo-Con "leadership"  for demanding that  SOME portion of the BILLIONS of "bailouts" dollars that Pelosi & Obama dished out to criminally fraudulent banks  be delivered to her  local community bank  -  is "IN" on this CRIMINAL FRAUD WHITEWASH of Fannie, Freddie, and the FRAUDULENT MORTGAGES that Fannie & Freddie "purchased" from criminally fraudulent banks and "mortgage originators."

  Congresswoman  Waters is JUST AS MUCH  a REPRESENTATIVE of the Goddamn-Sachs economy killing financial mega-fraudsters banking cartel, as Dianne Feinstein, Rahm Emanuel, Chuck Shumer, Hillary Clinton, Barack Obama, Tim Giethner, Robert Rubin, Lawrence Summers, and Ben Bernanke are.   
  FOR SHAME, epresentatives!  

   These minority "Democrats"   are AS BAD AS BARACK OBAMA, who has dished out  TWENTY TRILLION DOLLARS to the thieving Goddamn-Sachs/JPM  banksters in just 2 years flat, even as he mounts his White House bully pulpit to deliver Right-Wing REPUBLICAN talking points,    accusing  FORECLOSURE FRAUD VICTIMS of  being "UNDESERVING" of mortgage relief! 

Obama Gets ALL the BLAME for America's ECONOMIC MELTDOWN... as a result of HIS OWN INSIDIOUS White House Neo-Cons !

President Barack Obama is not a very wise or intelligent man:   He is a victim of his own arrogance and conceit -

...he REFUSES  to EXAMINE the economic data that surrounds him (the TITANIC ECONOMIC COLLAPSE that ENGULFS America) objectively, because IF  he did want a genuine and UNBIASED ACCOUNTING for America's economic crisis,  he would DEMAND of his Treasury Department, Wall Street, and the Fed Reserve Bank  a COMPLETE ACCOUNTING for every dime of the "BAILOUTS" that his Emanuel, Summers, Geithner, Bernanke, Gensler (et al, ad naseum -  Robert Rubin minions and toadies all)   "Financial Geniuses" have DISHED OUT to the Big Banks - an amount now well over $20 trillion - TWENTY TRILLION of taxpayer extorted "Bailouts" that IDIOT  Obama  is,  at best, completely UNWARES of (or, at worst, COMPLICIT in the titanic DEFRAUDING of American taxpayers to the benefit of wealthy, fraudulent, criminal bankers). 

 There is a SIMPLE REASON that President Obama Gets _ALL the BLAME_ for America's ECONOMIC MELTDOWN...  HIS OWN INSIDIOUS White House Rubinite Neo-Con "economic team" is MAKING NO EFFORT to disclose all that TITANIC FRAUD,  they are HAPPY to let their Neo-Con comrades at the New York Times, Washington Post, Wall Street Journal, Fox 'news,'  Weakley Standard, and other Neo-Con outlets  PAINT  the "Democrats"  WITH THE BLAME for  TWO DECADES of  financial "DEREGULATION" now leading to this "TOO BIG to fail"  "BAILOUTS" EXTORTION  INSANITY !!!!!!
  Indeed, Obama has GIVEN, AT TAXPAYER and American workers' expense, MORE TRILLIONS of taxpayer extorted dollars  to the fraudulent, predatory, economy-killing bankers, in just TWO YEARS of "bailouts," than Bush, Cheney, Paulson, John Snow, and Alan Greenspan could STEAL from the American economy in eight long years of economic sabotage....

     Polls show Republicans don’t believe that bankers and their frauds played any role in the economic meltdown, Obama responsible for most of it  (ht mk)

Former RTC S&L Regulator William K. Black: "FIRE Holder, FIRE Geithner, FIRE Bernanke" - for COMPLICITY in "MASSIVE FRAUD" in US mortgages and foreclosure crisis cover-ups....

"FIRE HOLDER, FIRE GEITHNER, FIRE BERNANKE, GET PEOPLE IN who will SUPPORT THE RULE OF LAW" - Prof. William K. Black, former lead investigator of the Savings & Loan clean-up RTC crew,  on the Obama administration's CRIMINAL COMPLICITY with TITANIC FRAUD in U.S. financial markets & especially "mortgage backed securities. "

  Mr. Black's comments towards the very end (about 9:15 in video)  of this 3 person Dylan Ratigan show  discussion, in response to Dylan asking -

"[What about]  all the TAXPAYERS who are being asked to SUPPORT this CORRUPT and FRAUDULENT banking system through Fannie Mae, Freddie Mac, the Federal Reserve, and  DIRECT EXPENDITURES  authorized by our own Congress..."
 [see our  below graphic $1.6 trillion taxpayer extorted "bailo;uts" dollars in the MORTGAGE CRISIS, ALONE]
 "...what can we do to amplify demand to see what percentage of the papter that was given to the gut of American taxpayers by George Bush, Hank Paulson, and  then perpetuated by Barack Obama and Tim Geithner,  what percentage of [those loans were]  indeed FRAUDULENT, and why don't we know it  two years later?"  

  Prof. Black responds:

•   "That's exactly what we've been calling for... WHY DIDN'T WE KNOW [this] at least 5 years ago, when most of it was done?"  [because the Greenspan - Bernanke - Giethner Fed was IN BED with the big NY & Wall St. bankers]
•     "Bernanke has just announced 'They're going to do an intensive review of the assets they accepted as collateral.'   So you wait a year-and-a-half, and THEN you look at your collateral?   Now what would happen if you were the most Junior VP, at a small Savings & Loan, if that's what your approach to business would be?  This [Fed Reserve Chairman Ben Bernanke]  is supposed to be the most sophisticated guy in the world."
• "We have the ability, because of Fannie, and Freddie, the Federal home loan banks, and the Federal Reserve taking all this 'money' in collateral,  to do a superb sampling job, to tell us exactly what happened in mortgages....
•   ...it can NOT BE DONE BY THE FED,  because it's in a complete CONFLICT of INTEREST.
•  the Fed CAN NOT ADMIT that IT TOOK OVER A BILLION-and-a-half dollars in TOXIC GARBAGE, and did not recognize the losses on it...   [this was a de facto GIFT -extorted from taxpayers -  by Greenspan, Bernanke, and Geithner to their buddies at the Big Banks on Wall St.] 
•   ...so it [Bernanke & Giethner's Fed] has  LED THE COVER UP. 
•  "IT's THE FED, THROUGH BERNANKE,  DELIBERATELY, working with the Chamber of Commerce and the American Bankers Association, who got Congress to EXTORT the Financial Accounting Standards Board, to PERVERT the accounting  rules,   so they wouldn't have to recognize the losses.  Because they DON'T have to recognize the losses, they [the bankers]  REPORT FICTIONAL INCOME and MASSIVE BONUSES, and they gut the Prompt Corrective Action law."
•   WE call for bringing in the FDIC, which is the best of the worst, and the GAO, to  look...
•  "...WHERE EVER WE LOOK, we FIND MASSIVE FRAUD....  and [we need to] LOOK NOW - Fannie & Freddie have started to look... AMBAC said that...
•  .....97% of the loans that Countrywide  sold [TO  U.S. GOVERNMENT mortgage-buying agencies]  were sold under FALSE REPS & WARRANTIES."
•   "NO CONVICTIONS, Dylan, NO CONVICTIONS [of financial crimes by the Obama administration]  versus over 1,000 in the Savings & Loan debacle [in the early and mid-1990s].
•  FIRE Holder, FIRE Geithner, FIRE Bernanke, get people in who will enforce the rule of law."

 Mr. Black at the beginning of his comments (after "Foreclosure Nurse"  foreclosure relief activist Lisa Epstein, at about 5:11 in video) -

1. "Last week, for the very first time, a Nobel prize winner, Joe Stiglitz, said "THIS CRISIS IS ALL ABOUT FRAUD.  Now Krugman still can't quite bring himself to use the 'F' word very often...
2. "but emprically.... Lisa's analytics are  correct in most places.. ... while Geithner's analytics ARE DISASTROUSLY WRONG in most places
3. "Credit Suisse says that by  2006, 49% of ALL MORTGAGE ORIGINATIONS   IN  the United States were LIARS LOANS...
4.   "The lowest incidence of fraud when we study Liars Loans, is 50%,  and  that's when the fraudsters study themselves, when  independent folks study it, it's in the 80% to 90% range."
5.   "That means THERE WERE MILLIONS OF ACTS OF FRAUD" 
6.  "Those LOAN FRAUDS occur  NOT because there is some clever person making $20,000 a year,  who is able to deceive the banks, BUT BECAUSE THE BANKS  created INCENTIVE STRUCTURES for the loan brokers to BRING THEM the ABSOLUTE WORST OF THE WORST loans, and to LIE on the application forms  to hit the magic ratios on loan-to-value and things  like that  a homeowner wouldn't   have even   known  which number to put in."
7.   "These FRAUDS CAME FROM THE BANKS, and they propagated through the system through a series of what we call  'ECHO EPIDEMICS'... in which they GOT APPRAISERS first to GIVE THEM GROSSLY INFLATED VALUES, and there are excellent numbers on that,  to get outside auditors to give them CLEAN OPINIONS on LUDICROUS  financial statements, EVERY SINGLE  TIME they were able to get  a clean opinion,  and every single time, virtually, they were able to get a TRIPLE-A RATING out of the CREDIT RATING AGENCIES."
8.   "So this FRAUD did in fact SPREAD THROUGH THE SYSTEM."
9.  "And that's why we have a crisis in foreclosures now... this stems from the UNDERLYING FRAUD by the lenders in mortgage loans   to the tune of more than, well over  a million cases a year by 2005."
10.  "Virtually every time they were able to get a TRIPLE-A RATING [AAA]" - on SHEER GARBAGE, JUNK, FRAUDULENT, toxic, and criminal mortgage loan originations!   

bonus -  "Mortgage Backed Securities" should REALLY mean,  "MALICIOUS BANKERS WITH SYPHILLUS"  - "Mortgage Nurse" Lisa Epstein's comments are equally insightful, from the beginning of the above Dylan Ratigan show video.