Facts suck!!! In 1999, McCain and the Republicans all voted for Phil Gramm's bill for deregulation 44-0, causing the mess we're in right now; Democrats voted AGAINST it 39-1!Led by Phil Gramm, the senators who voted to allow the massive deregulation of the banking industry and welcomed the cowboy economy that brought the Enron, sub-prime mortgage crisis, $85 billion AIG rescue and taxpayer bailout upon taxpayer bailout for the corporate criminal bankster welfare queens.
The Gramm-Leach-Bliley Act effectively repealed the Glass-Steagall Act, opening up competition and blatant conflict of interests among banks, securities companies and insurance companies. The Glass-Steagall Act prohibited a bank from offering investment, commercial banking, and insurance services basically, the deregulation that caused all this:
Not only did McCain vote FOR it, but the author of it, Phil Gramm, is his economic advisor! (1999 vote on GovTrack.us website):
Senate Vote On Passage: S. 900 [106th]: Gramm-Leach-Bliley Act
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NEPA: Rich elistists gather at race car driver Joe Amato's multi-million dollar mansion (overlooking the private Glenmaura golf course) with Laura "let them eat cake" Bush for exclusive fundraiser for local Republican "conservative values" KOOK Chris Hackett.
Luzerne/Lackawanna County residents losing their homes to foreclosure flock to $1,000/plate $5,000/picture event.First lady raises funds for Hackett
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How to rig an election: vote caging!
Michigan GOP "lose your home, lose your vote", and Alaska women against Palin protest:
Republican "dirty tricks" revving up! Florida (where else???) push-polls targetting Jewish voters, receiving calls disparaging Obama (sound familiar?):
Jewish voters report calls disparaging Obama
McCain/GOP 'Voter Caging' Underway in Florida
Local Democratic Party Chair Seems Clueless About Republican Attempt to Disenfranchise His Voters...
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The robber baron era is back!Our government can't give ice to hurricane victims but they rush AIG $85 billion dollars!
ABC: "It's frustrating that the government can deliver $85 billion to bail out AIG, and they can't deliver ice in Texas," said Ben Smilowitz, executive director of the Disaster Accountability Project (DAP), a nonpartisan organization that monitors the nation's disaster response system.
Media Obstruction in Galveston; Press denied access in the wake of Hurricane Ike
Greg Palast knew this financial crisis was coming, and he claimed that Eliot Spitzer was setup because at the time he was going after all the big speculators, big coincidence? Read this March 14th article by Greg Palast!"While New York Governor Eliot Spitzer was paying an ‘escort’ $4,300 in a hotel room in Washington, just down the road, George Bush’s new Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over $200 billion in a tryst with mortgage bank industry speculators.
Both acts were wanton, wicked and lewd. But there’s a BIG difference. The Governor was using his own checkbook. Bush’s man Bernanke was using ours."
(3/14 by Greg Palast) Eliot's Mess; The $200 billion bail-out for predator banks and Spitzer charges are intimately linked
'USA transforming into USSRA' An economic analyst says by buying out investment giants, the USA had transformed into the USSRA (the United Socialist State Republic of America).
Partial list of things responsible for the financial crash:
* -Fractional-reserve banking, which is inherently unstable and entirely a confidence game
* -Congress for passing the Federal Reserve Act and creating the Federal Reserve, the third central bank in the history of the US
* -Woodrow Wilson for using the Fed to finance World War 1
* -Benjamin Strong, the President of the Federal Reserve Bank of New York from 1914-1928, for inflating the money supply in the '20s to help out Great Britain which led to the Great Depression
* -Herbert Hoover for his economic intervention from 1929-1932. He was not laissez-faire by any means.
* -John Maynard Keynes for laying the foundation of a miseducated public
* -FDR for banning private ownership of gold, enacting the New Deal, creating Social Security and Fannie Mae, and exacerbating the Great Depression
* -The FDIC for lulling the American public into a false sense of security regarding their bank deposits and training the public to unquestionably trust the financial system
* -LBJ for the guns and butter of the '60s
* -Nixon for severing all ties between the US dollar and gold
* -Reagan's intellectual duplicity, using free market, small government rhetoric while turning the US into a chronic debtor nation
* -Alan Greenspan, one of the most duplicitous, arrogant, and incompetent individuals in the history of the United States. If I had to pin this crisis on any one man, it would be he.
* -George W. Bush for cutting taxes while raising spending and his full embrace of Cheney's doctrine of "deficits don't matter"
* -Ben Bernanke for following the Greenspan doctrine to its inevitable conclusion
* -The heads of Fannie Mae and Freddie Mac for using artificially low borrowing costs to create systemically-dangerous housing institutions
* -Christopher Dodd and Barney Frank for beating the socialist drum
* -Christopher Cox for thinking a ban on short-selling will solve anything
* -Hank Paulson for folding the hand he was dealt
* -The ratings agencies for rubber stamping garbage assets as AAA
* -The heads of the major banks and brokerages on Wall Street for turning a blind eye as their institutions were taking on massive leverage that threatens to take down the financial system
* -The hedge funds that levered up structured finance to dangerous levels
* -Generations of lawmakers for kicking the looming financial crisis can down the road
* -Home buyers who lied about their income and creditworthiness
* -Predatory lenders who put people into mortgages they could never afford
Peak Insanity: SEC Plans to Temporarily Ban Short-Selling
Rep. Marcy Kaptur on how our corrupt government is bailing out all the millionaires/billionaires and screwing the rest of us:
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"Guysssss....and Galsssss"... Miss Piggy Lipstick's email hacked, is she up the creek with this one? What are they going to find out about: troopergate, fake pregnancies, etc...we shall see!!! Maybe one says, "Hi, Sarah! How's that fake pregnancy thing going???"The internet activist group 'anonymous', famed for its exposure of unethical behavior by the Scientology cult, has now gone after the Alaskan govenor and republican Vice-Presidential candidate Sarah Palin.
At around midnight last night some members affiliated with the group gained access to governor Palin's email account "gov.palin@yahoo.com" and handed over the contents to the government sunshine site Wikileaks.org.
Group Posts E-Mail Hacked From Palin Account -- Update
Sarah Palin’s Yahoo account hijacked, e-mails posted online
Palin comes under fire for using Yahoo e-mail for state biz
Palin's e-mail secrecy an open secret in Alaska
NYTimes: Once Elected, Palin Hired Friends and Lashed Foes
