‘Where Is the Press With the Outrage?’ This Major Financial Scandal Has Santelli Up in Arms
- Posted on July 16, 2012 at 9:29pm by
Becket Adams
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Rick Santelli on Monday tore into the mainstream media for ignoring the London Inter-Bank Offer Rate (LIBOR) scandal and chided them for wasting time on petty and useless headlines.
Wait, what’s the LIBOR scandal?
“LIBOR … is the average interest rate the world’s largest banks pay when they borrow money. And this figure … is used to price hundreds of trillions of dollars worth of financial instruments, from high-yield corporate debt to student loans,” Christopher Matthews writes for TIME Business.
Simply put, LIBOR isn’t just some “financial services sector thing” — it affects the everyday interest rates associated with loans, credit cards, etc.
This is where things start to go downhill.
Barclays, one of the world’s largest banks, admitted two weeks ago that it had submitted false data in order to keep its borrowing rates low. And while that alone is enough to cause concern, the real problem lies in the fact that Barclay’s wasn’t the only bank pulling this kind of stunt.
“We’ve only seen the tip of the iceberg, yet the LIBOR rate rigging scandal has rocked the financial world,” writes Sam Dwyer for BostInno, adding that other banks are involved in the growing scandal.
It gets worse: the New York Fed, headed by none other than Secretary of the Treasury Timothy Geithner, knew as far back as 2007 about the rate rigging. 2007? You know that this means, right? It means that at least a few key players involved in TARP [Troubled Asset Relief Program] knew big banks were understating their borrowing costs!
And this is why Santelli is angry.
“You know, in the spring of 2008, there were a lot of e-mails that have now become at least, for the most part (a lot of it is blanked out), open for public consumption,” Santelli said.
“[I]nformation … was coming out as late as this Friday 13th regarding e-mails from the Federal Reserve, some from Tim Geithner [and] some from the Bank of England, with the notion, of course, that central bankers had a pretty darn good idea there were issues regarding LIBOR,” he added.
Yes, according to even the Associated Press, way too many people knew about this.
“Let’s think about this all from a different vantage point. Let’s think about this as taxpayers. Let’s think about the government and lack of due diligence,” Santelli continued.
“So, when we had that vote in October for TARP, where Congress was basically giving a green light to a program that was ill-fated, ill-designed,” he added, “How much due diligence did they do for our role as taxpayers in basically bailing out the banking system? Obviously zero.”
“Here you have regulators like the Federal Reserve Bank of New York highly aware there were issues. Did they put stipulations in that from this point forward this behavior has to be modified as part of the conditions for those checks?” he asked. “No, they didn’t.”
Watch Santelli explain the LIBOR problem [via CNBC]:
Seriously, just think about that. The Bank of England and the New York Fed knew about these problems and U.S. politicians still rushed forward with TARP.
“Where is the press with the outrage?” Santelli shouted.
“I love my Sunday shows. What did I learn? Things like jet skis are un-American. Oh, yeah that’s what I learned. Things like outsourcing un-American. Like hell it’s un-American!”
“What’s un-American is we now have Federal Reserve bank of New York and Treasury taking the heightened importance in regulating us in the future through Dodd/Frank. Shame on their legislation. They were aware of this, did nothing!” he added.
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Comments (126)
psadie
Posted on July 16, 2012 at 11:04pmThe entire financial system is corrupt to the corp and we the taxpayers are footing the bill every time these brains screw up. ENOUGH HURRY NOVEMBER.
Report Post »KC1
Posted on July 16, 2012 at 11:58pmYeah because Romney has been one of TARPs biggest opponents, even more so than Bush…
Report Post »The-Monk
Posted on July 17, 2012 at 12:19amForget Ron Paul for US Sec of Treasury…… he can say in the House and keep on doing his “add earmarks and did not vote” thingy.
Rick Santelli for US Sec of Treasury! He has guts!
Report Post »RJJinGadsden
Posted on July 17, 2012 at 4:39amMONK, Gotta agree with on that suggestion. I had only thought that RP could fill that slot, but only with lots of adult supervision.
Report Post »Tigress1
Posted on July 17, 2012 at 10:10amThe entire financial system is not corrupt to the core, just some of those at the top and some of the regulators themselves. Unfortunately, the little guy on the bottom is the one who will pay the price because the regulators will crack down on new regulations that will hurt them and do nothing to solve the real problem at the top. We need regulators to regulate the regulators! But then you just end up with a whole new level of ineffective bureaucracy…
Report Post »heyjim55
Posted on July 17, 2012 at 10:26amThe results of November will not affect anything the Banksters are controlling our elected officials . That is why nothing has changed and we keep hearing about scandals and fraud, yet the current president, Congress , the SEC and the DOJ have done nothing to stop it no one has been arrested except Maddof and another small player. The big fish are laughing at us all and continuing to commit fraud and theft, it’s much worse than we all think we know. Don’t expect much out of Romney if he wins, personally I think he will lose. He is very wealthy and with these bankers still pillaging the nation many voters might see him as a friend to Wall Street, if nothing else he is weak he is a cross between Howdy Dudy and Bob Dole. He is not attacking Obama when Obama is leaving himself wide open for it, he is playing nice. That won’t cut it and he has not come out and said anything about these bankers nothing no promises of prosecution he is dead silent on this what does that tell you.
Report Post »JRook
Posted on July 17, 2012 at 11:11am“Barclays, one of the world’s largest banks, admitted two weeks ago that it had submitted false data in order to keep its borrowing rates low. And while that alone is enough to cause concern, the real problem lies in the fact that Barclay’s wasn’t the only bank pulling this kind of stunt.“ And guess what the fine upstanding ”leaders” of Barclay’s and the other banks are conservative, Republican, capitalists. The kind of guys Romney hangs out with. Now tell me about character, honor, citizenship and how much they care about the US.
Report Post »Al J Zira
Posted on July 17, 2012 at 12:44pm@JRook: Yeah, the only problem with your statement is it was your pals, the liberal democrats, in charge when the fraud took place and did nothing about it. That makes your buddies as culpable as everyone else. There are no good people in this, just criminals that need to be held accountable regardless of party lines.
I know it‘s hard for you to understand but we’re here to help.
Report Post »seniorveteran
Posted on July 17, 2012 at 1:01pmWhat makes you think it was a screw up and not a calculated scheme. They knew they could get away with it.
Report Post »HKS
Posted on July 17, 2012 at 1:04pmIt’s a good thing NBC has Rick Santelli, without him they have nothing.
Report Post »mrsuperpat
Posted on July 17, 2012 at 9:33pmThe Banksters run it all. Let us eat cake.
Report Post »teddie888
Posted on July 18, 2012 at 9:26amTim Geitner was NY Federal Reserve Chairman at the time and knew and did zip on purpose regarding LIBOR.
Report Post »It isn’t so much the banks as it is our government controlling the situation with the banks
wolfinshdo
Posted on July 16, 2012 at 10:58pmTax Cheat in Charge knew it was happening back in 07? Well this will be another thing for Pres. Obama (a.k.a. Pres. O-blame-er) to blame on Pres. Bush. “This started under Pres. Bush and MY Administration was the one that found it and put a stop to it.”. Wait and see how they will all pile on with this, ABC, NBC, CBS, etc…
Report Post »paulusmaximus
Posted on July 17, 2012 at 8:18amIf it is ever mentioned at all!
Report Post »chazmo
Posted on July 16, 2012 at 10:54pmhehehe Obama’s buddy is in trouble…
http://www.zerohedge.com/news/criminal-inquiry-shifts-jpmorgans-mispricing-hundreds-billions-cds-dimon-next-diamond
Report Post »momprayn
Posted on July 16, 2012 at 10:50pmAlso, another WSI re IMF:
http://theulstermanreport.com/2012/03/14/wall-street-insider-imf-back-to-chicago/
Yes, all connected to our Commie Fraud-in-Chief…….
Report Post »momprayn
Posted on July 16, 2012 at 10:48pmProbably more humongus than people know….an alleged Wall Street Insider said Geithner manipulated things to bring on the 2008 economic collapse in order to boost Obama’s poll numbers and win over McCain. Been following for a long time & has been correct to date.
“Lehman Brothers. In September of 2008, at a time when John McCain is still edging out Barack Obama many of the national polls, Lehman Brothers is allowed to collapse. Unlike Bear Stearns, the Federal Reserve does not intervene. Nor does Paulson from Treasury. Lehman Brothers collapses, and the entire financial system freezes up. The stock market tumbles, John McCain is caught flat footed, while the Obama campaign, its campaign messaging, appears as if was prepared ahead of time for the collapse. McCain drops in the polls, Obama rises, and a man the country hardly knows anything about, is elected President of the United States. And who is then made Secretary of the Treasury – none other than the same man who saved one financial institution, while ignoring another – an act that directly benefited the campaign of the man who would then place him in one of the most powerful and influential positions in the world. And despite numerous blunders, Timothy Geithner remains in that position to this day. Another keeper of secrets.”
http://newsflavor.com/politics/us-politics/white-house-insider-eric-holder-is-gonna-fall/
Report Post »soybomb315
Posted on July 16, 2012 at 10:58pmthat house of cards was falling sooner or later. Bush was still president and Geithner did not have the authority to intervene or not intervene. I guess any theory is possible but the reason McCain tanked is because he said something along the lines of ‘I dont know much about the economy’….
Republicans blindly nominated a guy based on the “iraq surge”….An aggressive foreign policy turned out to not be the answer americans were looking for
Report Post »RepubliCorp
Posted on July 16, 2012 at 11:58pmAnd the mouth from the south didn’t save us. Because RP is all talk and no show
Report Post »thibx
Posted on July 17, 2012 at 1:05amyou just might be right. i don’t trust anybody assoiated with oboma and his election or relection.
Report Post »RJJinGadsden
Posted on July 17, 2012 at 4:44amSOYBOMB315, Well duh! Since Geithner did not hold his current position under Bush, just what authority would Geithner hold during the Bush Administration? Hunh?
Report Post »kaydeebeau
Posted on July 17, 2012 at 6:23am@ Soy – you did read the part about Geitner being the Fed Pres of the NY Fed Reserve at the time??
Report Post »soybomb315
Posted on July 17, 2012 at 7:08amsounds like we need to place a bulk order for tin foil hats….
The hypocrisy is out of control. Who is the only candidate who wanted to reign in the FED???
Report Post »TerryDo
Posted on July 16, 2012 at 10:44pmIt gets worse: the New York Fed, headed by none other than Secretary of the Treasury Timothy Geithner, knew as far back as 2007 about the rate rigging. 2007?
So now we know why, whenever we see a picture of Tim Geithner he has a great fear in his piercing bulging eyes, like as if, at any moment he will be exposed for the treachery he has committed against the American people.
The corruption in the government, banks, wall street et alia is overwhelming and morally reprehensible and these filthy rich deceivers who control and protect each other will be difficult to topple.
Report Post »behonest
Posted on July 17, 2012 at 1:44amI got post all over the place since Sept 2008 I was screaming to anybody who would listen. Tarp was a phoney manipulation to make the economy stink to high heaven, also to put everyone into panic mode “If we don’t pass this three page of billions of dollars with no stipulation of Tarp the sky will fall”
I wish everyone would have watched c-span Nov 2007 miami book fair when they interviewed GEORGE SORO’S He quoted I know exactly where the dollar will be next year and than laughed, most of that is scrubbed from the video I downloaded, and somehow my computer crashed. I knew then we were going to have an Oct surprise in 2008. But there was a problem in Sept. McCain/Palin were running ahead in the polls. That is when Hank Paulson started the panic. did anyone else besides the press notice how they commented on it “Look how Obama keeps his Cool” I wonder why he was so cool?
We have been bamboozled !!!!
Report Post »vtxphantom
Posted on July 16, 2012 at 10:39pmSelf righteous indignation. It works for me. Kick them in the head till their dead Rick
Report Post »Carefreeflyer
Posted on July 16, 2012 at 10:39pmSecretary of the Treasury, Tim Geithner should be in Prison.
Report Post »Meyvn
Posted on July 17, 2012 at 9:31amAgreed.
Report Post »IndianaUSA
Posted on July 16, 2012 at 10:36pmThis is a huge scandal. I read an article last week that stated it could possibly have cost the average home owner an extra $50 to $100 per month on their house payment. It will open up the possibility for numerous lawsuits against the banks. Let the death spiral begin.
Report Post »Rick Santelli for VP or chief economic adviser.
cbrown
Posted on July 17, 2012 at 10:29amIt not true. This scandal had directly little or no impact to individuals. The rates could have been overstated or understated. Real manipulation was to influence speculators specifically hedge funds. A small (.1 %) change could make a big difference for them.
Report Post »MeteoricLimbo
Posted on July 16, 2012 at 10:34pmUnder the haystack….fast asleep
Report Post »dawgsfan
Posted on July 16, 2012 at 10:31pmI’m always amazed that Santelli keeps his job with anything associated with NBC. He is extremely brave! Can you just imagine if this had come to light during the Bush administration? Never mind that it was HAPPENING during the Bush administration; the press was so busy getting tingling feelings for Obama they weren’t in the least bit interested! Now they are going to downplay it or ignore it because it involves Obama’s #1 tax cheat Timmy.
Report Post »soybomb315
Posted on July 16, 2012 at 10:45pm“Can you just imagine if this had come to light during the Bush administration?”
You mean like Alan Greenspan and the fed artificially lowering interest rates in order to stimulate a housing boom and bouy the republican political prospects?….No, cant imagine it
Report Post »Tired of Idiotic Comments
Posted on July 16, 2012 at 11:18pmExcuse me. President Obama was elected in 2007 and took office in Jan. 2008. The Democrats controlled both houses of Congress in Oct. 2007 when they voted on TARP. Don’t you think they might just be a little bit responsible.
Report Post »apilee
Posted on July 17, 2012 at 1:14pmTo Tired of Idiot Comments- Obama was elected in 2008 and took office in Jan 2009. This crosses the on both sides. However, Geithner was head of the NY Fed when it happened.
Report Post »hi
Posted on July 16, 2012 at 10:10pmSantelli for VP then pray a pot falls on Romney’s head.
Report Post »Exrepublisheep
Posted on July 16, 2012 at 11:51pmlol
Report Post »RedNeckMormon
Posted on July 17, 2012 at 7:24amYour an idiot to suggest something like that…..I hate the current communist in chief but to wish a man dead is wrong and you need to do us all a favor and think before you engage your mouth.
Report Post »Gettn it
Posted on July 16, 2012 at 10:08pmI love Rick Santelli! He has guts to tell it as he sees it and he’s always on the mark. Thank you Rick for bringing to light this deception of our government and our tax money. I hope this catches a spark as the tea party movement did. People need to pay attention.
Report Post »MAMMY_NUNN
Posted on July 16, 2012 at 10:07pmThats what happens when the value of a dollar is lost and becomes just another commodity.
Report Post »dmerwin
Posted on July 16, 2012 at 10:05pmJust ONE MORE REASON!
Report Post »SilentReader
Posted on July 16, 2012 at 10:01pmThe fact that Santelli is outraged at the dishonesty in this Leftist MSM and this Marxist Obama-Clinton-Geithner regime shows that at least he still expects them to be honest.
I don’t. They’re all liars. They’re all dishonest.
Vote the criminal globalist traitors all out!
Report Post »Snowleopard {gallery of cat folks}
Posted on July 16, 2012 at 10:03pmVote them out and try them for their crimes against the nation.
Report Post »GeorgieJo
Posted on July 16, 2012 at 10:44pmDOJ will ignore this
Report Post »SIGH
OMG 2012
gbo
Posted on July 17, 2012 at 9:13amJust have those responsible repay the taxpayers for all their ill-gotten gains. Tax these criminals to a financial footprint size zero, at the very least. Then revoke their citizenship and deport. I’m good with that.
Report Post »soybomb315
Posted on July 16, 2012 at 9:59pmseems like a good way for Romney to shift focus off of him and onto our corrupt facist economy….Only problem is that Romney is in league with all these financial terrorists that are ruining this country
Report Post »nocalifornia
Posted on July 16, 2012 at 10:09pmHey there, you seem like a fairly unintelligent leftist liberal socialist POS and I was wondering how does one get on the mailing list for the democrat talking points like you are?
Report Post »Mutiny
Posted on July 16, 2012 at 10:21pm@nocal
I am betting you cannot win a debate against Soy. I am pretty sure in the end he will be the Constitution following guy and you will be the progressive drooler.
Report Post »MODEL82A1
Posted on July 16, 2012 at 10:22pmSOY, you ALMOST blindly stumbled into the Truth. Obama and his ilk are, in fact, Fascists, not Socialists as they’ve been inaccurately labeled. AND, all of the real “financial terrorists’ in America are, in fact, willingly and gladly in bed with him. Sadly, even if you blindly stumbled across the Truth and began urinating on it, you still wouldn’t be capable of identifying it. You may go now.
Report Post »commonsenseguy
Posted on July 16, 2012 at 10:23pm@ soybum, you mean like obama,
Report Post »MODEL82A1
Posted on July 16, 2012 at 10:32pmMUTINY, care to bet that I can’t win a debate against SOY based on Constitutionalism (or based on anything else, for that matter)? If so, name the amount. (This table has a $1000.00 minimum.)
Report Post »soybomb315
Posted on July 16, 2012 at 10:52pm@MODEL82A1
Facism – private ownership of the means of production but government control
Socialism – government control and ownership of the means of production
We already tipped towards a facist economy thanks to progressives in the democrat and republican parties. Obama and his ilk would like to see us in socialism.
“This table has a $1000.00 minimum” – that sounds familiar….Ok mitt romney ($10,000 bet)
Report Post »MODEL82A1
Posted on July 16, 2012 at 11:04pmSOY,
Report Post »“Facism – private ownership of the means of production but government control
Socialism – government control and ownership of the means of production”.
Are you familiar with the highly touted Government Bailouts of GM and Chrysler that created (at Obama’s direction) “Private ownership of the means of production but government control”? You may remit my $10,000 to my Paypal account. My Paypal User ID is, Model82. Pleasure doing business with you.
Mutiny
Posted on July 16, 2012 at 11:36pmLOL, he already spanked you. Pay up.
Report Post »MODEL82A1
Posted on July 16, 2012 at 11:53pmMUTINY, if ADMIN ever actually publishes my posts, you will indeed see a spanking. A capable debater can actually cite specific, historical facts, define them and place them in context to support his position, as I’ve done, in spades. A fool simply hurls spouts generalities, predetermined talking points, calls names and screams “I win!”. Sadly, you lose. And your little dog, too.
Report Post »MODEL82A1
Posted on July 17, 2012 at 12:15amSince Admin has neglected to publish any of my posts recently while publishing my foolish counterparts’, I’ll put one last post in His/Her queue. I’ll call it, the Final Nail in Soy’s Coffin. SOY was smart enough (just barely) to Google a rough definition of Fascism as, “private ownership of the means of production but government control”. I’ve already cited the takeovers of GM and Chrysler as clear examples of Obama-directed Fascism, but here’s the last word(s). It’s called “The Patient Protection and Affordable Care Act” and it, by definition and without question, converts an entire sector of the US economy, Health Care and Health Insurance into a position that is, without question by virtue of its detailing in the very text of the law itself to, “private ownership of the means of production but government control”, the exact definition (in SOYS own words) of Fascism. Game, Set, Match, Pay Me.
Report Post »soybomb315
Posted on July 17, 2012 at 4:42pm@MODEL82A1
look how defensive you are. It was just a joke, we arent really going to take your money
Are you saying facism is better than socialism. Auto bailout was facism – yes…..But Obama would have MUCH RATHER taken them over and turned them into government owned companies. Yes, there is obamacare….But dont you know that Obama’s goal is a single payer system (SOCIALISM). The end game is socialism – wake up
I dont understand why a so called conservative is trying to say Obama is less dangerous than what we all agree he is….Are you a liberal in disguise?
Report Post »The-Monk
Posted on July 17, 2012 at 6:40pm@soybomb315
I have a question for you. Please look me up for my last post and reply.
Report Post »Seriously, no joke.
Constructionist
Posted on July 16, 2012 at 9:55pmThese types of stories are amazing. Gaming the LIBOR rate means that millions of Americans, for that matter millions of people all over the world, were defrauded out of money on many different types of financial transactions. However, the trail leads back to a Democratic Treasury Secretary, so it’s a complete non-story for the MSM. However, this is too big to sweep under the rug. This could easily turn out to be the largest case of financial fraud in world history.
Report Post »commonsenseguy
Posted on July 16, 2012 at 10:09pmand the same group of anti capitalist,left wing,pro commie loving have just let the credit card companies and stores charge for using their credit cards,every time you now use your cards, the fee that the stores pay for using the credit card machine is now going to be charged to the consumer up to 4%
Report Post »chazmo
Posted on July 16, 2012 at 10:58pm@common.. another reason not to use credit cards.. :) I gave them up years ago.. well at least until they outlaw fiat.
Report Post »MODEL82A1
Posted on July 16, 2012 at 9:55pmSadly for all of us, the vast majority of Americans have no idea what LIBOR is, much less its use as an economic signal and indicator. At this point, all we can do is hope that less of their Idiots (which is about 99% of Democrats. The rest are Liars and Deceivers) show up at the polls in November than ours (Our idiots probably comprise about half of the Republican Party. The other half comprises the roughly 1/4 of Americans that have a clue)
Report Post »cbrown
Posted on July 17, 2012 at 11:37amYou are not clued in to. It is a complex subject and I can understand the indifference.
The LIBOR rates could have been overstated or understated during this scandal. Real manipulation was to influence speculators specifically hedge funds. A small (.01 %) change could make millions for the speculators (bank).
I am not condoning this behavior and I hope all responsible get punished to maximum extent possible but let us be honest about this.
Report Post »genuineamericanlaw
Posted on July 16, 2012 at 9:52pmI love Rick Santelli. Father of the TEA party.
Report Post »encinom
Posted on July 16, 2012 at 9:57pmOf course, in Romney world there would be less regulations on the banks to prevent this type of fraud. Less regulations is also something the hypocrite Santille called for in the past.
Report Post »MODEL82A1
Posted on July 16, 2012 at 10:01pmENC. Keep that “fertile’ imagination running. Because the actual “Romney World” is going to be everything imaginable that you fear and loath most. And then some. Buckle up, Buttercup. Sucks to be you.
Report Post »commonsenseguy
Posted on July 16, 2012 at 10:21pm@ enema, so you must really enjoy all of the freedom killing pro communist regulations that you god obama and his ss regime have forced down Americas throat. you better get use to them and all whole lot more because the more obama and his regime are left in charge,the more they will force America to eat freedom killing regulations for lunch, so don’t get all peeved when you find out that you and your george soros,left wing,anti American,pro commie loving morons end up in the same boat with the rest of America when obama and them turn this great country into a commie nation,and we all know the boat { America } is sinking,because i will use you and the rest of you commies for a patch to stop America { boat } from going to the bottom.
Report Post »D-Fence
Posted on July 17, 2012 at 7:45amENCINOM The problem is the qantity of regulations we have. It’s the corruption of the people running the banks, and the GOVERNMENT. Your boy Geitner knew about the problems and willfully turned a blind eye at best. At worst, well you know the answer.
Report Post »horned gator
Posted on July 17, 2012 at 8:49amEncin, what confounds me the most is you believe greed and corruption end once government takes over. More regulation only invites more corruption. The highest bidder will have a blind eye turned towards their less than scrupulous activities. Did regulators bring down Bernie Madoff, Enron, Tyco, Worldcom, et. al. Cronyism is never a good option. Once government controls everything you ultimately have a monopoly who have the power to legislate. To change the system, your only option does then become revolution. At least with a free market where cronyism and monopolies are not legal I can choose who I do business with. Those less than scrupulous businesses will ultimately fail. In the end isn’t that what we all want?
Report Post »progressiveslayer
Posted on July 16, 2012 at 9:47pmI seem to recall an old man in a rumpled suit who’s always talking about liberty and freedom and wanting to audit the fed get brushed aside,ignore the old mans warnings at your own peril.
Like the old man said when China stops buying our debt the ballgames over,keep laughing tools.
Report Post »233 trillion and counting………………………………
MODEL82A1
Posted on July 16, 2012 at 11:35pmPROG, you conjured that 233 trillion number out of thin air. It’s an order of magnitude more than even the most pessimistic number any thinking person has ever put forth. Not that 125 trillion isn’t catastrophic, but your bold-faced-fabrication exposes you.
Report Post »D-Fence
Posted on July 17, 2012 at 7:41amI’ve been thinking for a while about how we need to win the republic back. Some advocate for a slow “progressive” theme since we didn’t get here overnight. I’ve lately been thinking that we do need to shock the system and world and hire some old man in a rumpled suit. I do not agree with all of his beliefs but, we’re at a cross roads people. No one will conquer us militarily, but by collapsing the financial system untold strife will be wrought on the American people and the republic will be lost. We need billionaire or groupd of billionaires / millionaires to fund a banking system based upon the founders principles. Is that crazy?
Report Post »progressiveslayer
Posted on July 17, 2012 at 9:42amModel. I have one source for the 233 trillion and Don‘t recall where I read it but later today I’ll find it and post it here for your edification.
Report Post »progressiveslayer
Posted on July 17, 2012 at 2:23pmModel I couldn’t find the article for 233 trillion but this will work,I was short 82 trillion according to this. http://zerohedge.blogspot.com/2009/04/observations-on-us-debt.html
Report Post »commonsenseguy
Posted on July 16, 2012 at 9:46pmjust one of many in a long list of criminal actions this administration has been involved in or with, the media is just doing what they have been paid,told and intimidated into, they can be the lap dog to george soros and the democommies,but with the internet and all the info out here we the people will have the last word, they may think they can sway everyone like the old days,and there are a lot of idiots out here who still believe what they hear,but the rest of us know the truth ,so the more the obama regime pull their left wing anti american pro communist crap,the easier it will be to throw them all out of the white house,senate,and this great country.
Report Post »chazmo
Posted on July 16, 2012 at 9:45pmfinally a story that is important…. Libor-gate is the scandal of the year but, crickets from the media.
Report Post »Mutiny
Posted on July 16, 2012 at 10:04pmThe left and the right on the same side. The media is only on the left’s side for social issues. This whole game is about to end.
Report Post »MODEL82A1
Posted on July 16, 2012 at 10:15pmMUTINY, If you actually believe that the end is nigh, let’s hear your Escape Plan, other than to whine, complain and buy a few ounces of gold, some canned food, a few weapons and a bunch of ammo. Because THAT plan has already failed – you just don’t know it yet. (no need to divulge classified details – just a rough outline).
Report Post »chazmo
Posted on July 16, 2012 at 11:11pmactually mutiny is right… the ponzi is about to collaspe and no politician can fix it… Think about it guys. We gonna raise taxes? Nope We gonna cut spending? Nope. We gonna stimulate job grow with less regulations? Nope. We gonna bring jobs back to America? Nope.
So tell me how we gonna fix this? We aren’t.. Game is over. So you better freakin’ have guns, ammo, food, and gold..
Report Post »soybomb315
Posted on July 16, 2012 at 11:18pmescape plan: look into canada, new zealand, or south america….just sayin
Report Post »Darmok and Jalad at Tanagra
Posted on July 16, 2012 at 9:41pmI thought LIBOR stood for Liberals in Barrack Obama’s Rearend. I thought it was a pro gay marriage group that wanted to “Do It” to Barry. “Let’s Stay Together…” Oooooh Yah, that’s the good stuff LIBOR, just kiss me in the morning and contribute to my campaign.
Report Post »CatB
Posted on July 16, 2012 at 9:34pmGotta love this guy .. .the reason they don‘t cover this and many other things is it is OVER THEIR HEADS AND DOESN’T FIT WITH THEIR (and OBAMA’S) AGENDA.
Report Post »oldguy49
Posted on July 16, 2012 at 9:41pmrick for tresuary secretary………………….
Report Post »CATPBJ
Posted on July 16, 2012 at 9:50pmIts not over their heads its just that all news outlets cannot cover all news. Could you imagine if all TV, Internet, Paper and Magazines all covered the exact same news? It would be ridiculous! Now, if you are talking about BIG news, then, OK, all news outlets should cover it, but LIBOR is going to be around awhile and for that matter, MSNBC has already covered LIBOR and will likely cover it again. Just because they don’t cover it on the day(s) you like, well, tough $hit!
Report Post »thibx
Posted on July 17, 2012 at 1:11amit is over their heads we need glenn beck to look into it. he would get to the bottom of it all.
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