Thanks for Nothing Anthony

I just commented on today's post by  "A Few Clowns Short".  It kinda put me in the mood to throw in my own two cents about Anthony Weiner, Democratic reprobate & loser. 

We have a Republican field for 2012 expanding exponentially.  We have Paul Ryan's tax bill proposing significant cuts to Medicare.  We have Sarah Palin riding around on a bus acting like a PT to every reporter who asks if she's "a candidate for President."  We have Michelle Bachmann hiring the vicious Right Wing former political advisor to Ronald Reagan, Ed Rollins, as her political advisor in a bid for the Republican nomination.  We have the banks and retailers going at it over debit card charges:  should they have a ceiling or can the banks continue to rake in $95 billion or more dollars in revenue from swipe cards at the retail level?   We have General Petraeus and Secy of Defense Robert Gates retiring but insisting we maintain a strong presence in the Middle East.  Qaddafi refuses to step down.  Our soldiers are still "over there".  Oh yes, and our economy sucks.

What are we talking about?  Anthony Weiner's weiner.  It's front & center and diverting attention from everything that really matters.

He's a jerk.  He should resign.  His wife is to be pitied.  Let's move on. 

 

This Will Piss You Off

It may be April Fool's but the variety of excerpts I share below are no laughing matter

          Fed Let Brokers Turn Junk to Cash At Height of Financial Crisis   Huff Post 4-01-11

The Fed released thousands of pages of secret loan documents under court order, almost three years after Bloomberg LP first requested details of the central bank’s unprecedented support to banks during the financial crisis.

The records -- 894 files in PDF form with 29,346 pages -- reveal for the first time the names of financial institutions that borrowed directly from the central bank through the so- called discount window. The Fed provided the documents after the U.S. Supreme Court this month rejected a banking industry group’s attempt to shield them from public view. Bloomberg News is posting the raw documents here for subscribers to the Bloomberg Professional Service as well as online at http://www.bloomberg.com/    Accessing them will take several minutes.

Federal Reserve Lent to Gaddafi-Owned Bank   Huff Post

At a time when credit markets shunned even the most worthy borrowers, foreign banks, including one partly-owned by Muammar Gaddafi's Libya, fled to the Federal Reserve and borrowed at rock-bottom interest rates, Fed documents released Thursday show.

During the height of the financial crisis in the fall of 2008, as investors and firms hoarded cash, the Fed reduced its rates to kickstart lending in the broader economy. Arab Banking Corp., a $28 billion lender now 59 percent-owned by Libya's central bank, borrowed at least $3.2 billion during this time. The Fed charged it an interest rate ranging from 2.25 percent to as low as 1.25 percent on those borrowings, regular Fed data show.



It's A Not So Wonderful Life When the Bank Has You By the Short Hairs

I picked up on the Move Your Money movement after ABC did a piece on it. By that time, we had already moved our money out of one major bank and one financial institution. Pretty soon we will pay off our credit cards and cut them up. I refuse to be dependent on the banks and the card companies and the financial institutions who care so little about people other than those in their echelon. It's a disgrace.

I first wrote about this movement on my other blog. Here's an expanded version of the video done for the movement.

Why You Should Move Your Money!

I'm picking up the thread of another post I wrote for "Empty Nest Evolution", my other blog.  It concerns the Move Your Money movement.  CBS Sunday Morning produced an interesting feature today and I thought I'd follow up to see what's been happening to the movement since I first heard about it on ABC's World News Tonight.



My husband and I have moved the majority of our money to a credit union and a private financial institution.  We've encouraged our sons to move their money and I'm telling my friends and colleagues the same thing.  This feature covers the finer points of why you're better off in a smaller institution.

Credit Card Reform

Rather than try to decipher whether our government has ham-strung our banking system's exploitation and usury policies of bank-issued consumer credit cards, let's let Jon Stewart clarify as only he can do.

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
Make it Rain - Bank of America
www.thedailyshow.com
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