(Open Thread Too) Tonight, the One & Only Nocturnal Warrior on No Quarter Radio

Ijust heard some other politician in trouble for tax issues. Nancy Killefer didn’t pay employment tax for a nanny and has withdrawn as O’s pick for Chief Performance officer.

talk radio just said O wants a bi partisan cabinet, people who pay their taxes and those who don’t…LOL

wow another tax cheat in obama land HA!
I have a poll up about obama that I am rather proud of… if you get a change pop over and participate. (can i say that here? – if not delete this comment…)

http://www.liberalrapture.com/2009/02/early-lunch-break.html

right before the election, only 13% thought the country was moving in the right direction. Now after all the hope and change it is up to 18%-LOL,

Daschle “asks” to be withdrawn. Sure!

What do you all think about this?

http://wnd.com/index.php?fa=PAGE.view&pageId=87757

http://www.govtrack.us/congress/billtext.xpd?bill=h111-645

It’s scary to me!

I think we have to worry more about the Big O’s payback to Google. If he can follow through on his plan to computerize all medical records through Google who then sells them to medical companies. Goodbye privacy and hello Big Brother Insurance Cos. Those hard drives will be small potatoes. Of course with the O everything is for sale so I suppose he will figure out how to turn a profit.

Hey, on Tues. taking advantage of an Open Thread: who’s seen the O. reading to kids, with Duncan, his new Education guy (Kass of the ChicagoTrib says he was a Daley appointee, good bball player, so Duncan is out of the Chicago School of basketball, political thuggery and perfect for O’s SecofEducation). The photo I saw of the trinity has Duncan leaning, Obama expostulating and Michelle? glowering. It doesn’t look as if she’s proud of America. Maybe I saw the non-approved photo?
Can someone contact Michelle’s keepers? Can she do an internship under Laura Bush (even if you hated her guy, Laura was a classy lady)?

I heard that the Secretary of Transportation also came out of Obama’s Chicago Swamp. Think of all the wonderful possibilities for graft and corruption from that spot with all the money from the stimulus package.

(I beg your forgiveness – Taking advantage of open thread…)

This front page article at The Confluence prompts me:
Fraud – Stimulus – Sex-ism All Rolled into ONE!
Posted on February 9, 2009 by taggles

[In brackets my comments anywhere below, all emphasis mine – gm]

First a video about a busted Madame, while very rich clients committing felonies stay uninvestigated and free.

Then,

Remember back in September when we heard Paulson was begging Nancy Pelosi on bended knee [link to UK newspaper story] to please give him some $$$. That event was our first clue into our economic dire straits [NOT! – see below.] and a prelude to the 1st Financial Bailout Package. Here is a C-Span video clip of Rep. Paul Kanjorski of Pennsylvania. He explains how the Federal Reserve told Congress members about a “tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars”. This is September 2008.

Video: Rep. Kanjorski of PA [more on it below.]

Forget the Confluence a moment, and go back over 16 months ago, a year before the bailout package:

September 28, 2007 LPAC–At a Congressional hearing yesterday on the malfeasance of ratings agencies hyping the mortgage securities bubble, Rep. Paul Kanjorski (D-PA) repeatedly noted that the mortgage securities blowout is now a “systemic financial crisis.”

Opening the hearing of the House Financial Services Committee’s Subcommittee on Capital Markets, Kanjorski said, “These were unprecedented systemic failures by the ratings agencies, across entire classes of financial products; and I’m concerned now about potential systemic failures in the international financial system.”

In response, witness Shaun Mathis, of Miller Mathis investment bank, said that the mortgage bubble collapse was far from over: “Financial markets are in the greatest danger since the Great Depression. There is nothing small or self-limiting about this problem. There will be collapses” of investment firms and banks.

Representative Kanjorski then challenged the witnesses to say whether they could possibly disagree that we are now facing a systemic threat to financial markets and banks. He specifically asked Prof. Mason, “You say that 10% of U.S. bank assets are based on structured investment vehicles (SIVs), specifically several trillion dollars in CDOs; can these banks survive the collapse of these CDOs? Do they have the capital base to survive that?”

Mason answered, “No, and the FDIC does not have the resources to handle that event either.”

About four months after the above hearing,

January 23, 2008 LPAC–The Hazleton, Pennsylvania City Council adopted a resolution supporting the Homeowners and Bank Protection Act (HBPA), as called for in Pennsylvania House Resolution 418. With a population of 23,000, Hazleton is one of the larger municipalities located in the congressional district of Paul Kanjorski (D-Illinois), the second ranking Democrat on the House Financial Services Committee. Thirty-five Pennsylvania municipalities have now adopted resolutions supporting the HBPA.

[ About HBPA http://alegrescorner.soapblox.net/showComment.do?commentId=18067 ]

[continuing...] Other municipalities in Rep. Kanjorski’s district that have passed resolutions calling on him and other Federal Officials to support the Homeowners and Bank Protection Act (HBPA), are Jim Thorpe, Nesquehoning, Berwick, and Wilkes-Barre. The City Clerk of Scranton, also in Rep. Kanjorski’s district, sent a support letter to Rep. James on November 21, 2007, declaring, “It is with great pleasure that Scranton City Council offers their full support for House Bill 418. It is their hope that our Legislators will support this and take emergency action to protect homeowners and banks by enacting a Homeowners & Banks Protection Act.”

Just more than one week after that, on Feb. 3, 2008, Rep Kanjorski publicly attacked the 2007 HBPA at a Stroudsburg, Pennsylvania press conference!

The crucial feature of this attack was the congressman’s charge against the HBPA, in which Kanjorski alleged, fraudulently (he knows better and he knew better), that the intention of the HBPA is to launch a U.S. government takeover of the banks. “We fought communism to stop ideas like that,” he said.

The summary of the Sept. 2008 Kanjorski video, now posted at The Confluence:

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

Money was being removed electronically [from money mkt accts. By whom? Why? This should be INVESTIGATED, remembering that a hearing is not an investigation. The most immediate obvious explanation may or may not be the factual one. We need testimony under oath before a non-corrupted body.]

The treasury tried to help with $150 Billion.

But could not stem the tide.

It was an electronic run on the banks [or money mkt accts, whatever…]

The treasury intervened, but had they not closed down the accounts [How?] they estimated that by 2:00 PM that afternoon, $5.5 Trillion would have been withdrawn from the money market system of the United States and collapsed the “entire economy of the U.S., and within 24 hours the world economy would have collapsed.”

Kanjorski goes on to say in the video it would have been the end of our economic system and political system as we know it. This is why the Congress [Congresscritters not being experts, leaving it to the experts, Kanjorski says, acted quickly and gave Paulson, et al. the wide ranging powers… with the understanding, according to Kanjorski, that … the sub prime mortgages would be bought up, and other things the experts found necessary. $700 Bn.

Kanjorski continues in the video, “Shortly after [the bill was passed] the UK came out and said “we don’t have enough money to buy toxic assets, instead we’re going to put our money into banks so that their equity grows and they are not bankrupt [Timing of this relevant? INVESTIGATE!]

Then it was soon determined [as if noooobody saw it sooner] that the cost of buying the bad assets would amount to [an understated] $3-4 Trillion [3-4 thousand billion dollars, people.] to buy them. “So Paulson made a complete switch, started putting money into banks and buying securities…” [How much disappeared and to where, before the switch?] Kanjorski: “Because if you don’t have a banking system, you don’t have an economy.” [Look at him in the video as he begins, “… we’re really no better off today than we were three months ago …” Do you see a man speaking truthfully?]

Does this man, and others, want to swear under oath that he can’t distinguish between necessary banking functions of a chartered bank and the gambling operations (usually with other people’s money) of financial houses? Will he and others swear under oath they didn’t understand the Glass-Steagall Act, established in 1933 and repealed in 1999, and its purpose? Are they all ignorant of how those financial houses are used to launder hundreds of billions of drug money?

The world drug trade is so big, it is “the most important” of all world “agricultural” markets, worth over $320 billion on the street, UN Office of Drugs and Crime director Antonio Costa told the Austrian weekly Profil in an interview published January 27, 2008. This huge trade not only funds operations like the Taliban or Colombia’s FARC, but has been used to bail out some of the world’s crisis-hit banks since the second half of 2008, he said.

Then, in the video, Kanjorski speaks for pausing and taking some time to understand … He disingenuously talks of getting input from a panicked citizen (who had just called into the show), “maybe she has a better idea…” He babbles on claiming he and his colleagues don’t know shit about what to do in this literally life-threatening situation.

Bullshit!

To summarize:
Kanjorski, Sept. 2007: …”I’m concerned now about potential systemic failures in the international financial system.”

In the early months of 2008, despite widespread support for the Homeowners and Bank Protection Act (HBPA), widespread including from his own constituents, Kanjorski lied about the intention of the legislation.

In Sept. ’08, he’s babbling and ducking and weaving in the video.

It’s not just him. The purpose of all this is not to attack him. The policies of our nation are being determined by scum who get to him and Pelosi, and many others, in many ways. THIS HAS GOT TO STOP.

You know how? We have to pause, take a deep breath, and change ourselves.

This is not Democrat vs. Puma or Republican. It’s not socialist vs. capitalist. It is the Constitution, to stand against it’s enemies. It is decent human beings against beasts (not just the scapegoat executives. who spend tens of thousands on whores and write it off as a company expense.) It is your innate reasonableness and decency against the forces which have shaped popular culture and opinion (yours and mine too) for too long.

OT: Well in case y’all didn’t have enough to worry about:
http://www.propublica.org/article/top-military-biolab-suspends-research-after-pentagon-finds-trouble-with-tra

Miranda Rights For Terrorists????

My God, is there no end to this madness?