if you guys are looking for accurate accounts of what has and is going on between Wall Street, DC and the Fed (or as i like to call it, the financial crime syndicate), you had better seek out sources beyond Neal Boortz because he is doing you a grave disservice with his profoundly oversimplified and innacurate spin. Make no mistake about it, these banks were and are fundamentally INSOLVENT. The toxic assets remain on the books at 40:1 leverage, the only change is the suspension of mark-to-market accounting rules that basically allow the banks to mark this toxic trash as whatever value they see fit. Make no mistake about it, the two big to fail are now even bigger, and they own their supposed regulators as well as the Congress & White House lock stock and barrel. In the last few years we have witnessed fraud and generational theft on a scale never before seen in human history. Please for the sake of us all do some research into exactly what has gone on since this house of cards came crashing down. I have spent probably hundreds of hours researching the financial crisis taking advantage of every news outlet under the sun and the bottom line is if you're not madder than hell then you're not paying attention. Here's a little taste from none other than Glenn Beck, a source the majority of you consider to be quite credible.

http://www.youtube.com/watch?v=khGZ3a4zTNU

MILITIAMAN........jist sightin' it in........

butt usin' 3bmw ain't a bad idea is it?????????

paging dr. tshirt! paging dr. tshirt! you noble boy you! are you in the back busily fashioning new free shirts for those who can't afford shirts of their own? you are a saint, sir! a saint! *giggles!* one of the best things about my boss is how he is filled with integrity. it literally drips off of his hot sweaty body. he freely admits being a bit too greedy when it comes to clothing; if you look in our warehouse you'll see more shirts than anyone could wear in a lifetime. he's a real tshirt whore! haha! so since clothing is a human right and he has too many, he's been giving them out for free. to do otherwise would make him a massive hypocrite!

and to everyone else, you may be interested in learning the libertarian-socialist party platform that me and the good doc belong. it's fun! on any issue you like you can support either the side of freedom, government control, or just some kooky conspiracy theory! it's much easier than being consistent!

blogs.socialist-libertarians.com/duh.html

All those "generosities" of GM are one of the big factors in running them into the ground.

Like I said the other day, a large % of Americans are afraid of success because they are afraid of failure. So they don't really try to improve their circumstances.

Success is not a finite pie (or pizza). Everyone has the opportunity to better themselves and become more valuable to either an employer or strike out on their own. The sky is the limit.

Krugman may have the Nobel, but sometimes I wonder at the politics of those that vote.

The only way to make those at the bottom more successful without them putting forth the effort, is to take from someone further up the ladder. THAT bucket of success is indeed a limited pie. The people providing for the ones below just quit trying.

i don't deal with me alone, it deals with all of us.

this from a website by karl krugman,
a liberal Nobel Prize winner. He won the Nobel prize in economics.

http://www.pkarchive.org/economy/ForRicher.html
These days 1 percent of families receive about 16 percent of total pretax income, and have about 14 percent of after-tax income. That share has roughly doubled over the past 30 years, and is now about as large as the share of the bottom 40 percent of the population. That's a big shift of income to the top; as a matter of pure arithmetic, it must mean that the incomes of less well off families grew considerably more slowly than average income. And they did. Adjusting for inflation, average family income -- total income divided by the number of families -- grew 28 percent from 1979 to 1997. But median family income -- the income of a family in the middle of the distribution, a better indicator of how typical American families are doing -- grew only 10 percent. And the incomes of the bottom fifth of families actually fell slightly.

Let me belabor this point for a bit. We pride ourselves, with considerable justification, on our record of economic growth. But over the last few decades it's remarkable how little of that growth has trickled down to ordinary families. Median family income has risen only about 0.5 percent per year -- and as far as we can tell from somewhat unreliable data, just about all of that increase was due to wives working longer hours, with little or no gain in real wages. Furthermore, numbers about income don't reflect the growing riskiness of life for ordinary workers. In the days when General Motors was known in-house as Generous Motors, many workers felt that they had considerable job security -- the company wouldn't fire them except in extremis. Many had contracts that guaranteed health insurance, even if they were laid off; they had pension benefits that did not depend on the stock market. Now mass firings from long-established companies are commonplace; losing your job means losing your insurance; and as millions of people have been learning, a 401(k) plan is no guarantee of a comfortable retirement.

the 40 fold increase i got from this website
http://www.geocities.com/CapeCanaveral/launchpad/5577/philo/incomes.htm


"Over the past 30 years, the income of the top one percent, adjusted for inflation, doubled: the top one-tenth of one percent tripled, and the one-one-hundredth quadrupled," says Pizzigati. "Meanwhile, the average income of the bottom 90 percent has gone down slightly. This is a stunning transformation."

http://www.consortiumnews.com/2009/070409a.html

Subject: Obama Lends $2,000,000,000 To Brazil to Drill Off-Shore for Chinese Oil



This was NOT reported on
--- ABC, NBC, CBS, CNN or MSNBC.

You will find it in the Wall Street Journal and the Fox News Channel and some Oil Industry News letters


"Today, even though President Obama is against offshore drilling for oil
for this country. He signed an executive order to loan 2 Billion or more
of our taxpayers dollars to a Brazilian Oil Exploration Company
(which is the 8th largest company in the entire world)
to drill for oil off the coast of Brazil.

The oil that comes from this operation is for the sole purpose and use of
China and not the USA.

The Chinese government is under contract to purchase all the oil that
this oil field will produce, which is hundreds of millions of barrels of oil".

We have absolutely no gain from this transaction whatsoever.

Wait, it gets more interesting:
Guess who is the largest individual stockholder of this Brazilian
Oil Company, and who would benefit most from this ---???

It is American Billionaire, George Soros, the Liberal businessman who is
a radical left wing supporter, finances "MoveOn.org" as well as other
liberal programs, and was President Obama's largest and most generous
supporter during his campaign.


You can only wonder WHY President Obama would sign this executive order---
it appears to be a multi BILLION $ payback to his major supporter, George Soros, and smacks of Chicago style politics. It's a smelly situation!


________________________________________________________________


Kindly NOTE:
On 18 August 2009 - "The Wall Street Journal"
published this story.
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html

Obama Underwrites Offshore Drilling
Too bad it's not in U.S. waters.

You read that headline correctly.
Unfortunately, the Obama Administration is financing oil exploration off Brazil.

The U.S. is going to lend billions of dollars to Brazil's state-owned oil company ...

--- Article --- continues...
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html

To understand one of the root causes go educate yourself starting here: http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986212

Since you seem to be upset the top 1% of earners income went up 40 fold (by your statistics wherever they came from). One question... What exactly did you do to improve yourself or improve your chances of a better raise rather than sitting back and barely matching the rate of inflation. Additional schooling? Longer hours? These are the things the real achievers do. Just a thought.

The top 1% of earners pay most of the taxes.
By Jenny

good. their "incomes" went up 40 fold while the rest of us barely matched the inflation rate

OK, now we believe everything the Obama administration says without verification. Heckuva shift in Neal's thinking, I'd say.

Ayn Rand certainly was prescient.

'Atlas Shrugged' changing into a work of Non-fiction before our very eyes.

Read this book or at least the excerpt.

http://dealbook.blogs.nytimes.com/2009/10/06/what-really-happened-a-year-ago-on-wall-st/?dlbk&emc=dlbk

Yep we need to audit the fed!

Neal I have come to the conclusion that you are unable to tell your listeners the truth that all of this was staged and that we are being bankrupted from the inside. Of course the fed knew the banks were completely unstable. They gave them bailouts so that they could play the numbers game. They knew that in the end they would cash in big. The government WILL nationalize the banking industry. The international community WILL remove the dollar as the international reserve currency. The Japanese and Chinese governments WILL stop buying US debt. The United States dollar WILL become worthless. Gas and energy prices WILL skyrocket. The New World Order IS taking hold. If you believe ANYTHING that this administration tells you then YOU ARE a slave and a sheep.

What is it going to take to get the American people to wake up to this? It is almost like the American people are prostitutes and the elites are our pimps. We just LOVE our pimp daddies. No matter what we do and how hard we work for them they beat us and keep us domesticated and easily controllable. They just let us have the scraps while they tax us into oblivion to “save” a system they bankrupted with their greed. I have a news flash for you. They hate you. I mean they HAAATTTTEEEE you. You got a little taste of their hate during the Tea Parties. Where were the Republicans? Oh they were there cashing in on the political win as usual. As soon as the public at large realizes what these looters have done to the US there is going to be hell to pay. Problem is that it will be too late cause the American people are in this weird little state of denial right now. People are for some reason unable to grasp the fact that they have been lied to. When I say lie I mean it. Most of the people alive in this country today have literally been lied to straight faced by our government since the day they were born about just about everything. I mean lets be honest here. They are now telling us that Carbon Dioxide is a poisonous gas and that we need to regulate it or else the world is going to end. People…people…cmon…time to get on board. Time to take this country back. This is getting ridiculous.

No difference, one started it, one is continuing with help from everyone else in Washington.

We knew when it happened that Paulson threatened retribution against those banks, at least CNBC knew it. The bankers were gathered in a room and told what was going to happen. As for Paulson lying: while he was not elected, SecTreas is a political office so he is a politician, which means if his lips are movin' he's lyin'

Is there a way to throw this SOB in prison? The very definition of tyranny. I'm so mad I'm shaking.

You have to wonder if these folks have a brain between their ears. Wouldn't they want these employees to earn the big bucks so they cans seize money from them for higher taxes? Haven't they been paying attention? The top 1% of earners pay most of the taxes.

LAST September... and it was ignored by most people. He was complaining THEN about what went on and the implications of it. Yet, somehow, all those who pretend to know what Rush is all about and continue to "educate" us about who he is and what he says don't know that.

True to form, Rush denounced this move by the Bush administration, who obviously in this case were not 'listening' to Rush, or they never would have done this.

And all we hear about Rush is that he should be kept silent. What does this say about those who want him silenced?

And now here comes Neal with a "startling revelation". Too little, too late.

Lets see, The Banking industry lobbied to deregulate and got what they wanted. Then millions of bad loans are made and they force a bail out. Yes, thats right, they forced it after it got rejected the first time.

So you expect us to believe that it was the small banks that forced the gov't to bail them out? Citibank wouldnt be here if it werent for the bail out. You people have no idea what you are talking about OR YOU ARE LIARS.

I am glad it only took this long for Neal to admit what everybody knew, that Bush is the one who started this whole mess, not Obama. Why do conservatives hate the free market and not allow banks to run on their own?

We knew about this back when they did it! They only gave money to relatively healthy financial institutions (OK, except Merrill Lynch, but then they arranged the shotgun wedding between B of A and Merrill). then when the banks realized all of the strings attached, they tried to give the money BACK, but the government didn't want to take it. If this wasn't ALL about a government takeover of the financial institutions, what was it? I can't believe this happened on G.W. Bush's watch.

Bottom line it sounds like the bureaucrats wanted to 'Control' these private institutions by any means possible.

What do we call that?