The U.S. Treasury recently sought and was granted an unlimited credit line for Fannie Mae and Freddie Mac, along with the authority to buy their stock, effectively nationalizing them; but this could mean $5 trillion more in liabilities for the federal government, causing it to lose its own triple-A rating. What to do? There is [...]
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HR 1207 in jeopardy --
http://www.youtube.com/watch?v=bPgzPxPwEV8
Take action!
http://www.auditthefed.com/government/take-action-to-save-audit-the-fed/
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Bill Still's youtube video on the Bank of North Dakota:
http://www.youtube.com/watch?v=sGNPEQDXxwo
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"Foreclosure sales in limbo," Oct 9, 2009, http://tinyurl.com/yl62dqb
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Robert Morris, "US Cedes Economic Independence To IMF," Oct 5, 2009
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"Ruling Rattles Mortgage Industry," Oct 3, 2009
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We Demand Transparency Conference in NYC Sept 12-13, '09, many speakers including Ellen Brown
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Spitzer: Fed Is a Ponzi Scheme (video), July 26, 2009
watch video
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Deutsche Bank case dismissed for failure to produce the mortgage note, July 14, 2009,
Deutch Bank
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"Glimpse of Real Democracy: Healthcare Debate Provides Bipartisan Victory," July 17, 2009
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"Goldman Sachs in Talks to Acquire Treasury Department," July 16, 2009
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Is California issuing its own currency? M. Auerback, "Schwarzegger to Obama: Watch and Learn," July 12, 2009
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The Common Good Bank -- excellent video
click here...
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Timothy Homan,
Volcker Says Fed’s Authority Probably to Be Reviewed
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Rep. Paul Kanjorski, YouTube, Feb 6, 2009, explains on C-Span how $550 Billion disappeared "Electronically" in an hour or two, in a run that almost "ended our economic and political system."
(The original Youtube video has been pulled, and have most of the other major videos with Kanjorski's comments. I found this one still alive, but they are being killed off fast. Grab it while you can.)
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Chris Cook, Mute Magazine, Feb 23, 2009, "Beyond Public and Private", Reinventing Credit for the 21st Century
http://www.metamute.org/en/beyond_public_and_private
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Felix Salmon, Wired Magazine, Feb 23, 2009, "Recipe for Disaster: The Formula That Killed Wall Street" The David X. Li Story
Click here
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Michael Hudson, Feb 23, 2009, "Orwellian Doublethink: 'Nationalize the Banks.' 'Free Markets.' The Language of Deception"
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Congressman Dennis Kucinich in Congress, Jan 9, 2009,
"Federal Reserve No More Federal Than Federal Express!"
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Joshua Holland, , AlterNet, Dec 29, 2008,
"Was the 'Credit Crunch' a Myth Used to Sell a Trillion Dollar Scam?"
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Michael Hudson, Jeffrey Sommers,
"The End of the Washington Consensus," Counterpunch, Dec 12, 2008
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Pam Martens, "How the Banksters Are Making a Killing Off the Bailout," Counterpunch, October 17, 2008
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John Willie, "Wall Street Monsters & Meat (You)," Financial Sense, October 16, 2008
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"JPMorgan Responsible for the Destruction of U.S. Financial System," Market Oracle, October 16, 2008
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"JP Morgan 'Brought Down' Lehman Brothers," Times Online, October 5, 2008
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"The Mother of All Frauds" - and a solution to the derivatives crisis that could work, Sep 20, 2008 (second video)
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William Greider, “Paulson Bailout Plan a Historic Swindle,” Sep 20, 2008,
Paulson
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“WTP Brings Federal Lawsuit to Stop AIG Bailout: U.S. Lacks Constitutional Authority for Loan,” Sep 18, 2008
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"Bank Under Seige by People Facing Foreclosure" (Sep 4 2008 news clip)
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Mike Whitney, "U.S. Monetary Crisis: Crunch Time,"Global Research (Aug 23, 2008)
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London Guardian, "The Town That Gave Itself a Licence to Print Money," August 17, 2008
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“The Housing and Economic Recovery Act of 2008: An Analysis by Catherine Austin Fitts”
http://tiny.cc/8FARM
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"And Now the Rest of the Story" (newsclip on Georgia war)
http://tiny.cc/EtVn3
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BBC, "America's House Price Time Bomb," July 29, 2008
http://news.bbc.co.uk/2/hi/business/7529277.stm
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"Hundreds of Banks Will Fail, Roubini Tells Barron's,"
Reuters, August 3, 2008
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London Banker, "What's Up with the Covered Bond Push?" July 25, 2008
http://www.rgemonitor.com/financemarkets-monitor/253105
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Paul Mason, “Fannie Mae: The Credit Crunch Meets the F-word,” BBC News (July 12, 2008)
click here
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"As Bill Evolves, Mortgage Debt Is Snowballing,"
by Vikas Bajaj, New York Times, June 29, 2008 . . .
click here
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House of Cards, "The Mess," by Danny Schechter
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It’s the Derivatives, Stupid! Why Fannie, Freddie and AIG All Had to Be Bailed Out
Why the extraordinary bailout measures for Fannie, Freddie and AIG? The answer may have less to do with saving the insurance business, the housing market, or the Chinese investors clamoring for a bailout than with the greatest Ponzi scheme in history, one that is holding up the entire private global banking system. What had to [...]
Filed under: Ellen Brown Articles/Commentary | 37 Comments »