But have no fear! The Obama Admin wants to extend the TARP handouts to "small banks" like these. What will that inspire? Yep, more reckless loans, more homes being propped up above their value level, and a smothering of the market punishments for bad management.

There will ba a lot more to come...

http://www.cnbc.com//id/33453840

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As he says in this interview posted at lewrockwell.com, the zombies are going to hunger to "eat the rich"...

http://www.lewrockwell.com/casey/casey28.1.html

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What a surprise, huh?

http://www.google.com/hostednews/ap/article/ALeqM5i_WrL-yKI0kVBHbacyZTzS...

Nothing like expanding the moral hazard.

Notice how the reporter can't help bu tmention what all the pro-administration, pro-gubment propagandists are pushing: the bogus claim that the gubment is getting a lot of the original TARP loans back.

He says: "a combination of unallocated money and more than $70 billion in repayments from banks that received bailouts since late last year."

So, not only is he misleading people into thinking the money came only from private instruments to repay, but he doesn't even explore the fact that now that the gubment has some of the cash, they want to doll it out ALL OVER AGAIN.

It doesn't take a genius to figure this one out, yet people like Senator Jeanne Shaheen (despite being warned that this would happen when she pushed a similar plan in NH) love this kind of fascism. Interesting. One suspects they might actually, um... WANT this to happen. The feds will impose "guaranteed issue" regulations on the insurance companies, forcing them to accept people with pre-existing conditions. This will inspire healthy people who would normally be paying their premiums without making a lot of claims, to drop their policies, leaving sicker/older people in the pool, and forcing prices higher. The insurance lobbyists have been pushing for the feds to FORCE people to carry plans -- force through fines. Nice huh?

If one were a producer who owned a recording studio, and rented space on it to allow people to record their work with you, would it be right for parties not invovled in the transactions between you and your clients to tell you whom you had to admit to record? If you wanted to admit only the best clients, and give them the highest quality recording services, but someone who couldn't afford your services wanted in, should you be forced to do business with him? If producers who dealt with crap bands demanded that you let them in, should the gubment force you, even though you would lose money by letting them in for a lower price and for the production of inferior material?

As we've been saying for oh, four months? Five? This thing is a bankrupt MENACE. The FDIC is a very, very dangerous and patently unconstitutional government creation, always inspiring more risky loans by banks than they would otherwise allow, because the banks can get below-market insurance rates from the FDIC rather than private insurers. The government has a tacit aggrement to ALWAYS bailout the FDIC, and so what happens? Yep, moral hazard, as economists say.

Guess who will bail out the FDIC? Yeah, you got it. YOU and your neighbor.

Be Seeing You!

http://globaleconomicanalysis.blogspot.com/2009/10/bair-admits-fdic-in-r...

Makes you wanna watch Caddyshack, doesn't it...

http://online.wsj.com/article/SB1000142405274870410720457447372409954243...

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And THAT'S a LOW aggregation!

http://news.yahoo.com/s/ap/20091016/ap_on_bi_go_ec_fi/us_deficit_danger

Can't wait for the feds to continue trying to sell bonds while the Federal reserve is forced to raise interest rates. Gonna be "intersting times"...

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As Sheldon, editor of "The Freeman" magazine, and head of content for FEE.org's "In Brief", notes, if only Michael Moore would recognize that his form of "reform" would lead to even more centralized control over the "little guy" (and all "guys", in fact), perhaps he could be coaxed to see that the answer is market freedom, not bureaucratic control through gubment.

Great stuff!

http://fee.org/articles/tgif/frustrating-michael-moore/?utm_source=Comprehensive&utm_campaign=1f4e34a0c8-In_brief_10-12-2009&utm_medium=email

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Meanwhile, CNN laments the fact that it's so "hard" to conform to the paperwork. Jeez!

http://money.cnn.com/2009/10/16/news/economy/Obama_modification_program/index.htm?section=money_topstories

The questions that arise are these:

The false recovery that we'll see in the US... How long will it last before the near hyper-inflation the Fed and US Govt have inspried really starts to show itself?

It's no wonder the Dollar is losing adherents!

http://online.wsj.com/article/SB10001424052748704107204574470961505506386.html?mod=djemEditorialPage

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Did anyone see the price of gold today?

Inflationary spirals cannot be stopped. It will come, and foreigners and those who are buying precious metals understand this.

http://www.nypost.com/p/news/business/dollar_loses_reserve_status_to_yen_hFyfwvpBW1YYLykSJwTTEL;jsessionid=65E301CF47ED50D15170F8D6530791C5

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Check out this recap from Rush, and the vid... At first, it seems as if he's in favor of getting government involved in spending to "create jobs", but then he expands on it. We're not fans of having government hand out tax breaks based on certain kinds of behavior --- we'd rather have generally lower rates and eventually eliminate government altogether, but his point, given the situation, stands as an exception among many business people appearing on television. Think about staying at the Wynn or Encore hotels when you are next in Vegas. 

http://www.rushlimbaugh.com/home/daily/site_101209/content/01125111.guest.html

Was anyone surprised by this? And how about that arrogance? Her quote about "history" calling, that's so sweet, isn't it?

http://www.msnbc.msn.com/id/33290417/ns/politics-health_care_reform

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Please listen to our next pod, coming out early Tuesday, 10-13, to find out more about this situation! 

http://apnews.myway.com/article/20091012/D9B9QLO81.html

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... Isn't it nice to see people stand up and berate the politicians at open forums, to see them shout and holler about their livelihoods being stolen, about the government-backed money supply system being immoral and wrong? It's a sign that people are standing up for their ownership of themselves, regardless of whether those who would mess with their lives through government call it "Democracy" or anything else.

The key is freedom, and one cannot be free when government has a claim on him. We need more angry protesters at town hall meetings, more livid faces, more heated words. Take a look at this story, and enjoy!

Oi! It's getting hot in here!

When will people stand up and say, "Enough!"?

http://www.washingtonpost.com/wp-dyn/content/article/2009/10/05/AR2009100503620.html?utm_source=Comprehensive&utm_campaign=cb3c42c96a-In_brief_9_23-2009&utm_medium=email

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Foghorn Leghorn has some thoughts: "Now hold on, theah! Hold on, I say, boy! You mean ta tell me that the federal gubment's pumpin' of Dollars into the market is inspiring these foreigners to think that the buck might not be worth anything down da line? I say that's plumb crazy! Youz a darn crazy chicken thinkin' like that! Pie-in-duh-sky!"

With all due respect to Foghorn, here's the article. The oil interests would be smart to drop the Dollar ASAP.

 http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html

Be Seeing You, Boy!

Here's an unorthodox idea: How about letting these financial institutions operate in a purely PRIVATE sphere, where they CANNOT get their hands on taxpayer money to bail them out if they make mistakes? A FREE MARKET, where toxic mortgage backed securities are not pumped by government manipulation into the market like methane from a swamp? Where bad securities haven't been given an artificial demand by Fannie Mae and Freddie Mac, where the Federal Reserve isn't pumping money into the system faster than Lance Armstrong moves the pedals of his bike, and where the federal gubment doesn't push banks into giving loans to people who really can't afford them?