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Federal Reserve Refuses to Identify Two Trillion Dollar in Loans...Taxpayer Money...After They Promised They Would...But, Hey, Barney Frank Says It's All Good

by Roland, the Gunslinger on Mon 10 Nov 2008 03:15 PM EST

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return

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Comments (1) | Permanent Link | Cosmos

Obama to use executive orders for immediate impact

by Roland, the Gunslinger on Mon 10 Nov 2008 01:40 PM EST

President-elect Obama plans to use his executive powers to make an immediate impact when he takes office, perhaps reversing Bush administration policies on stem cell research and domestic drilling for oil and natural gas.

John Podesta, Obama's transition chief, said Sunday Obama is reviewing President Bush's executive orders on those issues and others as he works to undo policies enacted during eight years of Republican rule. He said the president can use such orders to move quickly on his own.

(There's that word "rule" again. I think that we can readily see what an Obama administration has in store for the country. Not governance, but rather rule. -Roland)

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Comments (5) | Permanent Link | Cosmos

NewsBusters: Obama Spokesman Says 'Obama Ready to RULE on Day 1'

by Roland, the Gunslinger on Mon 10 Nov 2008 12:48 PM EST

The co-chair of Barack Obama's Transition Team, Valerie Jarrett, appeared on Meet the Press this weekend and used, shall we say, an interesting word to described what she thinks Barack Obama will be doing in January when he's officially sworn into office. She told Tom Brokaw that Obama will be ready to "rule" on day one. It's a word that reflects the worst fears that people have for Obama the "arrogant," the "messiah," that imagines he's here to "rule" instead of govern.

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Obama Planning US Trials For Gitmo Detainees

by Roland, the Gunslinger on Mon 10 Nov 2008 12:23 PM EST

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