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A new paradigm for a post-imperial world

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The Line Is Drawn: Stop the Nation-Killing Bailout Now!

Posted by seumasach on September 17, 2008

 

John Hoefle

EIR

19th September, 2008

Immediately upon hearing of the action by Treasury Secretary Henry Paulson to have the United States government assume the liabilities of Fannie Mae and Freddie Mac, Lyndon LaRouche declared the move “tantamount to treason.”

“This is an un-Constitutional fraud,” he said, adding, “We’re going to hold these people accountable for this ‘tantamount to treason’ action.” If they do this, he said, “they are going to jail.”

For the past year, we have been warning that Paulson, Fed chairman Ben Bernanke, and the Plunge Protection Team were engaged in a systematic bailout of the bankrupt U.S. financial system, and, in doing so, were bailing out the global Anglo-Dutch Liberal system. Despite all the spin about “protecting homeowners,” this is a plan to save the parasites by transferring their losses to the taxpayers.

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Is Wi-Fi Putting Our Children In Danger?

Posted by seumasach on September 17, 2008

 

“Although other countries – including Israel and Italy – are adopting lower exposure limits, the HPA says there is still insufficient evidence to issue separate guidelines for children.”

How much evidence is sufficient for the HPA to take measures to protect children?

Daily Express

Tuesday September 16,2008

WITH wireless internet and mobile phones now in constant use in our schools and homes, TESSA THOMAS asks if youngsters are being exposed to hazardously high levels of radiation.

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Unaccountable Secret Government: Most Serious Constitutional Crisis in American History

Posted by seumasach on September 16, 2008

 

Sherwood Ross

Global Research

15th September, 2008

ANDOVER , MASS. (Sept. 13)— President Bush’s conduct in office has precipitated a “most serious constitutional crisis,” “one that has already transformed the U.S. from a constitutional republic to an elected monarchy,” a noted political scientist told a conference on seeking prosecution of high Bush administration officials for war crimes. “We need to revers[e] a fifty-year trend towards unaccountable secret government, which can commit crimes with impunity,” said Professor Christopher Pyle of Mount Holyoke College.

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Money-Market Rates Double Amid Global Credit Seizure

Posted by seumasach on September 16, 2008

Gavin Finch and Kim-Mai Cutler

Sept. 16 (Bloomberg) — The cost of borrowing in dollars overnight more than doubled to the highest since 2001 as the collapse of Lehman Brothers Holdings Inc. and credit downgrades of American International Group Inc. led banks to hoard cash.

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Lehman: Where Were the Analyst ‘Sell’ Calls?

Posted by seumasach on September 16, 2008

Saj Karsan

Seeking Alpha

16th September, 2008

How can investors trust analysts who can’t tell the difference between a company that’s solvent and one that is worth virtually nothing to shareholders? We’ve seen other examples where analysts appear fraudulent in their recommendations. The latest example? That of Lehman Brothers (LEH).

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Capital Punishment: Lehman on its way to the Financial Gallows?

Posted by seumasach on September 16, 2008

Mike Whitney
Global Research
15th September, 2008

Bank of America is buying Merrill Lynch for $45 billion, AIG needs an emergency $40 billion bail-out from Uncle Sam to stay afloat, and Lehman Bros is kaput. Whew! The financial world has been turned upside-down overnight and the opening bell hasn’t even rung at the NYSE. It’ll be a rough day of trading ahead. Paul Krugman summed up the prevailing feeling of anxiety on Wall Street like this:

“Will the U.S. financial system collapse today, or maybe over the next few days? I don’t think so — but I’m nowhere near certain. You see, Lehman Brothers, a major investment bank, is apparently about to go under. And nobody knows what will happen next.”

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Oil prices plunge after shakeup on Wall Street

Posted by seumasach on September 16, 2008

Vienna’s JBC Energy linked Lehman Brothers’ demise with the steep fall in oil prices, saying the investment bank “was said to be a big player in oil markets, and its bankruptcy could explain the big sell-off yesterday.”

Were they forced to sell off the oil reserves they bought to force up prices?

CBC News

16th September, 2008

Oil prices plummeted Tuesday, falling briefly below $92 US a barrel amid market fears that the U.S. credit crisis which brought down Lehman Brothers will drag on global economic growth and restrain demand for crude.

OPEC’s production cut of 520,000 barrels a day earlier this month has failed to stem the decline. The 13-country group said oil demand in the United States fell by 800,000 barrels a day last month due to the slow economy and high prices.

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Oil falls below $100 after bleak financials

Posted by seumasach on September 16, 2008

16th September, 2008

NEW YORK (AP) — Oil prices closed below $100 a barrel for the first time in six months yesterday, tumbling in another dramatic sell-off as the demise of Lehman Brothers and the sale of Merrill Lynch deepened worries about the economy.

Crude prices shed more than $5 a barrel and have now given up virtually all their gains for the year, extending a steep, two-month slide from record levels above $147 a barrel.

Analysts said investors feared that the upheaval in the financial sector could trigger another round of commodities liquidation — especially with Lehman likely to unwind its holdings.

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Is Goldman next?- Goldman Sachs expected to reassure investors amid tumoil

Posted by seumasach on September 16, 2008

“Goldman’s profits are likely to have been hit by a dramatic fall-out in commodity prices in August, an area in which the bank is known to take significant positions”

Neatly sidestepping the sub-prime market Goldman look to have been caught up in the commodities bubble. Note that oil has hit $92 on Asian markets this morning: the bubble has burst.

James Quinn

Telegraph

16th September, 2008

Goldman Sachs chairman Lloyd Blankfein is today expected to reassure shareholders in the top-tier investment bank about the outlook despite the turmoil facing financial markets following the collapse of Lehman Brothers.

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Nato calls EU-Russia pact ‘not acceptable’

Posted by seumasach on September 15, 2008

James Blitz

FT

15th September

The deal brokered by the European Union for the withdrawal of Russian troops from Georgia has been slammed by Nato’s top official as “not acceptable” because it cedes too much ground to Moscow.
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WaMu plunges as turmoil sweeps financial sector

Posted by seumasach on September 15, 2008

CNBC

NEW YORK – Shares of Washington Mutual Inc. fell sharply Monday, as the collapse of Lehman Brothers Holdings Inc. and the sale of Merrill Lynch & Co. rattled the broader banking sector.

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