The Oligarchy's Bailout Ball You know what they say -- half a million dollars just doesn't go as far as it used to By Michael Winship "These guys won't be happy until the government agrees to relieve them of every last one of their lousy loans and investments at inflated prices, recapitalize every major bank and brokerage and insurance company on sweetheart terms and restore them to the glory days, so they can once again earn inflated profits and obscene pay packages by screwing over their customers and their shareholders." http://informationclearinghouse.info/article21993.htm === High Treason? Feinstein Comment on U.S. Drones Likely to Embarrass Pakistan By Greg Miller The Predator planes that launch missile strikes against militants are based in Pakistan, the senator says. That suggests a much deeper relationship with the U.S. than Islamabad would like to admit. http://informationclearinghouse.info/article21986.htm === Manufacturing Consent For An Attack On Iran?: Iran Next Target, Warns Israeli Diplomat By Jason Koutsoukis, Jerusalem A SENIOR Israeli diplomat has warned that Israel is ready to launch a military offensive against Iran to prevent it from developing nuclear weapons. http://informationclearinghouse.info/article21987.htm === Israel's Rationale for Murder: No One is Innocent By M. Junaid Levesque-Alam After unearthing their country's declassified archives, honest Israeli scholars have pointed to an Israeli campaign of rape, murder, and ethnic cleansing that entered full swing in 1947. Israel's first prime minister, David Ben-Gurion, said to a colleague shortly after Israel's expulsion of 750,000 Palestinians, "They only see one thing: we have come here and stolen their country. Why should they accept that?" http://informationclearinghouse.info/article21992.htm === Defence Role in CIA's Secret Jails By The Age THREE human rights groups have obtained documents that confirm US Department of Defence involvement in the CIA's "ghost" detention program, and the existence of secret prisons at Bagram air base in Afghanistan and in Iraq. http://informationclearinghouse.info/article21989.htm === Americans Want Torture Inquiry, Obama Doesn't Written by Thomas R. Eddlem A Gallup Poll released February 12 revealed that 62 percent of Americans want to investigate or criminally prosecute Bush administration officials who authorized torture in the so-called "war on terror." But even though President Obama has said numerous times that "nobody's above the law," on February 10 he used the Bush administration's "state secrets" gambit to quash a lawsuit attempting to penalize some of those involved in renditioning torture subjects. http://informationclearinghouse.info/article21988.htm === Large U.S. Banks on Brink of Insolvency, Experts Say By Steve Lohr February 13, 2009 "IHT" -- Some of the large banks in the United States, according to economists and other finance experts, are like dead men walking. A sober assessment of the growing mountain of losses from bad bets, measured in today's marketplace, would overwhelm the value of the banks' assets, they say. The banks, in their view, are insolvent. http://informationclearinghouse.info/article21990.htm === Nationalize the Banks! We're all Swedes Now By Matthew Richardson and Nouriel Roubini The U.S. banking system is close to being insolvent, and unless we want to become like Japan in the 1990s -- or the United States in the 1930s -- the only way to save it is to nationalize it. http://informationclearinghouse.info/article2195.htm === Who is Pulling Geithner's Strings? By Cliff Kincaid Treasury Secretary Timothy Geithner on Tuesday carefully read from a teleprompter and provided what his flack said was a "comprehensive" plan. It was not comprehensive in any way. It seemed so amateurish and shallow that the market dropped and commentators and senators were almost incredulous at the lack of detail. http://informationclearinghouse.info/article21984.htm === Looting Social Security By William Greider To understand the mechanics of this attempted swindle, you have to roll back twenty-five years, to the time the game of bait and switch began, under Ronald Reagan. http://informationclearinghouse.info/article21991.htm === It's Going to Take a Civic Jolt By Ralph Nader Some staffers in Congress privately assert that the Democrats are not acting like a majority party. It is worse than that. They are not acting-period. http://informationclearinghouse.info/article21994.htm Manufacturing Consent For An Attack On Iran? Iran Is Helping Taliban in Afghanistan, Petraeus Says : Iran is helping Taliban insurgents in Afghanistan, said General David Petraeus, who is in charge of U.S. forces in the Central Asian nation and Iraq. http://tinyurl.com/ba8bdn === Manufacturing Consent For An Attack On Iran?: Israel, Iran liable to clash in 2009 over nukes, says U.S. intel chief: Israel and Iran are liable to enter into a confrontation or a crisis sometime this year due to Tehran's progress in its nuclear weapons program and Jerusalem's determination to thwart it, the head of U.S. intelligence told lawmakers on Thursday. http://www.haaretz.com/hasen/spages/1063991.html === Ex-official: Israel can hardly wait to attack Iran: In the harshest war rhetoric since the deadly offensive on Gaza, former Israeli UN ambassador, Dan Gillerman, said Tel Aviv could not afford to wait any longer for diplomatic efforts to curb Iran's uranium enrichment program adding that it was preparing a military offensive against the country. http://www.presstv.com/detail.aspx?id=85610§ionid=351020101 === Manufacturing Consent For An Attack On Iran?: US intelligence czar warns about Venezuela: Venezuela serves as a bridge for Iran's influence in Latin America and continues to harbor leftist rebels from Colombia, Director of National Intelligence Dennis Blair told the US Senate Thursday. http://www.petroleumworld.com/storyt09021302.htm === N Korea 'preparing missile launch': North Korea has begun assembling a version of its longest-range missile in preparation for a test-firing possibly as by the end of this month, a South Korean news report has said. http://english.aljazeera.net/news/asia-pacific/2009/02/200921363159674148.html === G7 sets sights on new world economic order: The world's richest nations called Saturday for urgent reform of global finance to save the world from the economic devastation that is dragging more and more countries into recession http://news.yahoo.com/s/afp/20090214/bs_afp/financeeconomyg7_20090214164005 === Britain's bankers plumb new depths: Jon Moulton, the private equity chief, warned a City lunch this week that he feared serious civil unrest. There was, he said, a 25 per cent chance of one of the 15 member countries of the eurozone pulling out of the currency club. That, he said, would be a catastrophic shock leading to a "far greater financial crisis" than the current one. http://business.timesonline.co.uk/tol/business/columnists/article5729034.ece === Bank Failures May Reach 1,000 on Bad Loans, RBC Says : As many as 1,000 U.S. banks may fail in the next three to five years, almost double the one-year tally at the height of the saving-and-loan collapse, as losses mount on commercial real-estate loans, RBC Capital Markets analysts said http://www.bloomberg.com/apps/news?pid=20601087&sid=afK.wvOmLMpU&refer=home === European banks' toxic debts risk overwhelming EU governments: The toxic debts of European banks risk overwhelming a number of EU governments and may pose a "systemic" danger to the broader EU banking system, according a confidential memo prepared by the European Commission. http://tinyurl.com/bkx3ku === Latin America Faces Asia Slump, Morgan Stanley Says: Asia's shrinking demand for raw materials amid a "collapse" in its own exports will show up in Latin America in February and March, Morgan Stanley economists Daniel Volberg and Gray Newman wrote in a report today. http://tinyurl.com/bq9ugo === GM considering Chapter 11 filing, new company: report: General Motors Corp, nearing a Tuesday deadline to present a viability plan to the U.S. government, is considering as one option a Chapter 11 bankruptcy filing that would create a new company, the Wall Street Journal said in its Saturday edition. http://news.yahoo.com/s/nm/20090214/ts_nm/us_gm_plan_1 === US foreclosure image is 2008 World Press Photo: A picture of an armed sheriff moving through an American home after an eviction due to a mortgage foreclosure was named World Press Photo of 2008 on Friday. http://tinyurl.com/dlc9qr --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. 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