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Don't Panic! Toxic Asset Plan? Another way to rip you off...

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Uploaded by on Mar 23, 2009

Mar 23, 2009 - recorded 17:15 GMT

Treasury Unveils Toxic-Asset Plan, Citing 'Acute Pressure' on Banks
http://online.wsj.com/article/SB123780994825213465.html

US Treasury Secretary Tim Geithner to announce new trillion dollar rescue plan:
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5035653/US-T...

Krugman Trashes Geithner's Bank Plan...And Obama:
http://www.businessinsider.com/henry-blodget-krugman-trashes-geithners-bank-p...

The Amazing TALF bait and switch:
http://zerohedge.blogspot.com/2009/03/amazing-talf-bait-and-switch.html

The Big Takeover:
http://www.rollingstone.com/politics/story/26793903/the_big_takeover/print

Understanding the Mechanics of the New Plan:
http://blogs.wsj.com/marketbeat/2009/03/23/understanding-the-mechanics-of-the...

BTW - did anyone else notice what the dollar did in response to the plan?
WORLD FOREX: US Dollar Sags As Tsy Boosts Risk Appetites :
http://online.wsj.com/article/BT-CO-20090323-713726.html

FDIC Press Releases:
http://www.fdic.gov/news/news/press/2009/index.html

U.S. Central Credit Union may form "bad bank": CEO:
http://www.reuters.com/article/ousiv/idUSTRE52L1S920090322

U.S. seizes 2 big credit unions:
http://money.cnn.com/2009/03/20/news/companies/credit_unions/index.htm

Remarks by National Security Adviser Jones at 45th Munich Conference on Security Policy:
http://www.cfr.org/publication/18515/remarks_by_national_security_adviser_jon...

******* Update!!! ********
Jay Rockefeller: Internet should have never existed:
http://www.youtube.com/watch?v=Ct9xzXUQLuY
**************************

UK to remain in deflation trap until 2012, economists warn:
http://www.telegraph.co.uk/finance/financetopics/recession/5028673/UK-to-rema...

Academics and ex-model lead demonstration against G20 summit:
http://www.telegraph.co.uk/finance/financetopics/g20-summit/5027767/Academics...

G20 Meltdown Website:
http://www.g-20meltdown.org/

Police arrest 300 in Paris riots over economic crisis:
http://www.thisislondon.co.uk/standard/article-23664707-details/Police+arrest...

Ready America:
http://www.ready.gov/america/index.html

Synthetic Overview for CMBS Investors:
http://pages.stern.nyu.edu/~igiddy/ABS/synthetic_cmbs.pdf

So what does that all mean in plain language? Here's a good article analysing the real risk to society:
The terror beneath the TARP
http://www.businessspectator.com.au/bs.nsf/Article/The-terror-beneath-the-TARP-$pd20090211-P5RF5?OpenDocument

A tsunami of hope or terror?:
http://www.businessspectator.com.au/bs.nsf/Article/A-tsunami-of-hope-or-terro...

Danish pop music! - have some fun and translate the comments page LOL
BTW the transalation from Danish to English is far more subtle than the google translation software puts it...
SUKKERCHOK - Hvor som helst - når som helst:
http://www.youtube.com/watch?v=Y3-HQpElGpk

this video needs a title (hehe):
http://www.youtube.com/watch?v=1enpOOzgwGU

Buy Endgame, volume 2 by Derrick Jenson here: (Don't get it from Amazon! besides it's cheaper at the publishers!)
http://www.sevenstories.com/book/?GCOI=58322100357940&fa=author&perso...

DavidLightman84's been playing again... the revolution approaches...
Time Capsules:
http://www.youtube.com/watch?v=IPYgSh1shXk

And if you're wondering about the female singer at the end - here it is (No I am not DL or ~r or even Oz...)
Simple Man Lynyrd Skynyrd Acoustic:
http://www.youtube.com/watch?v=QN_buCDHZOU

James Morrison - Broken Strings
http://www.youtube.com/watch?v=IrZcB-9i7I0

Peace

  • likes, 6 dislikes

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Uploader Comments (FeverIAm)

  • Don t insult jane goody you retard

  • Unless you are a member of her family or a close personal friend, then you are being dragged into a media generated 'frenzy' to distract you from what really counts. 1000s of people die every week in the UK; why should we focus on just one? The mystique of celebrity is dulling our culture and destroying our future.

    Peace

  • HAHA "Who's really in charge of the government? Well I've linked an article from the CFR"

    Classic man.  Way to be blunt with the sheep!

    Love your stuff Mike, Keep it up!!

  • I try to be subtle... some even listen!

  • i don't see the prices falling , here it looks like the prices are getting more expensive ,

  • It is standard 'official' CPI/RPI numbers; which discount rises in food and clothing - the things that actually matter are rising in price... and being blamed on exchange rates of all things! LOL

see all

All Comments (119)

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  • nice hair doo

  • Agree. Then, after we all accept lower wages, inflation sets in and all our expenses go up.

  • I beleive that Clinton took part in pumping up the markets so everyone would invest their 401k's. Then when it reached its peak, Bush Jr. was selected to rob all the peoples money for the Gangster Banksters. Now we will be thankfull tohave a job and be forced to accept lower wages which works out great for the Big Corporations which are owned by the Gangster Banksters.

  • That Too

  • @rocksiphone: Why? TSo the bankers who caused this can walk away with their bonuses and buy assets at depressed price.

  • Inkedxynx ...Quite frankly the americans robbed every plot of land they hold and every penny they carry. Or did you think reservation was just the locals looking after your hotel room for you.

  • Maybe the United States did this economic Crisis on purpose to bring down the rest of the world to where it was a 100 years ago. I mean we did sell these CDO's to other countries and owe China Trillions which they will never see again.

  • Thx for the report Mike. Tim Geitner is going to wreck the entire Country - and no doubt it will be a prolonged agony. I don't always agree with Krugman, but I believe that he's spot on on that score.

    Also: For people that wish to get a nice INTRO ON THE CREDIT CRISIS (including a basic intro to CDO's) here's an excellent Youtube video graphically explaining some of the concepts:

    w w w.youtube.c o m/watch?v=Q0zEXdDO5JU

    [remove the spaces from the link to make it properly execute]]

  • Re: emergency prep websites. It looks like the standard Hurricane preparadness Info we get here on the Texas Gulf Coast Every Year. Im sure Fema got stung over not addressing the needs of special populations during Katrina, Rita and later Ike. Many people died because of lack of preparation in all of those situations. I was in Rita and Ike and understand why they issue explicit warnings. I think they are just trying to cover all their bases (azzez) with the sites

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