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Keyword: econoterrorism

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  • Occupy protesters try to disrupt ports; police make arrests (costs workers their wages)

    12/13/2011 5:51:51 AM PST · by Libloather · 19 replies
    CNN ^ | 12/13/11 | Mike Pearson
    Occupy protesters try to disrupt ports; police make arrestsBy Mike Pearson, CNN updated 5:27 AM EST, Tue December 13, 2011 (CNN) -- Occupy protesters succeeded in shutting down overnight operations at California's port of Oakland on Monday night after a day of similar protests in several other U.S. cities. The protests in Oakland have "disrupted workers trying to get to work and impaired the port's ability to operate," port spokesman Issac Kos-Read told CNN. Craig Merrilees, a spokesman for the International Longshore and Warehouse Union, said the port has told its members not to report for work for the overnight...
  • Occupy Ports: West Coast occupiers unite (Will try to shut down numerous W. Coast ports)

    12/09/2011 10:47:18 AM PST · by 2ndDivisionVet · 106 replies · 1+ views
    The Global Post ^ | December 9, 2011 | Stephanie Rice
    OAKLAND — As anti-Wall Street protesters attempt to regroup and settle in for winter after a series of police raids that stripped much of the movement of its signature camps, protesters on the West Coast are staging a comeback. On Dec. 12, Occupy movements from Seattle to San Diego say they will shut down their local ports, temporarily stopping the flow of capital on the West Coast. Organizers say they aim to disrupt the business of the “1 percent” — in this case, the corporations that own shipping terminals and do business at the ports. If successful, shutting down the...
  • "A $550 BILLION ELECTRONIC RUN ON THE BANKS" (This Economic Meltdown Was Engineered, Folks!]

    02/11/2009 10:55:18 AM PST · by TruthHound · 147 replies · 9,211+ views
    RIGHT BEFORE THE ELECTION OF PRESIDENT HUSSEIN: "A $550 BILLION ELECTRONIC RUN ON THE BANKS" This is un-frickin-believable. The financial crisis was deliberate, planned, staged. Who made the run? "Someone threw us in the middle of the Atlantic ocean without a life raft. We are trying to determine which is the closest shore and whether there is any chance in the world to swim that far. We don't know." Electronic Run On Banks - $550 Billion Withdrawn In 1 Hour, Federal Reserve Halts Withdrawals - US Economy Would Have Collapsed Capitalism Gone Wild hat tip Cathy Rep. Paul Kanjorski of...
  • Roubini: Credit Crisis Losses Could Hit $3.6 Trillion

    01/20/2009 1:52:12 PM PST · by BGHater · 12 replies · 984+ views
    US News ^ | 20 Jan 2009 | Kirk Shinkle
    At a conference in Dubai, NYU's Nouriel Roubini said credit crisis losses could hit $3.6 trillion, up from $1 trillion worth of writedowns and losses estimated by Bloomberg to have already roiled the global financial system.Bloomberg reports Roubini says that if losses are really as large as he fears “it means the U.S. banking system is effectively insolvent because it starts with a capital of $1.4 trillion. This is a systemic banking crisis.”  He also warns the disease is spreading to Europe, where the Royal Bank of Scotland Group faces an estimated $41 billion loss. Roubini also said the global...
  • Lehman's Chaotic Bankruptcy Filing Destroyed Billions in Value

    12/29/2008 7:39:56 PM PST · by CutePuppy · 31 replies · 1,013+ views
    Wall Street Journal (subscription) ^ | December 29, 2008 | Jeffrey McCracken
    As much as $75 billion of Lehman Brothers Holdings Inc. value was destroyed by the unplanned and chaotic form of the firm's bankruptcy filing in September, according to an internal analysis by the company's restructuring advisers. A less-hurried Chapter 11 bankruptcy filing likely would have preserved tens of billions of dollars of value, according to a three-month study by the advisory firm, Alvarez & Marsal. An orderly filing would have enabled Lehman to sell some assets outside of federal bankruptcy-court protection, and would have given it time to try to unwind its derivatives portfolio in a way that might have...
  • Was this economic crisis planned?

    01/06/2009 11:11:50 PM PST · by Jet Jaguar · 70 replies · 2,138+ views
    World net Daily ^ | January 07, 2009 | Joseph farah
    Barack Obama's White House chief of staff, Rahm Emanuel, told business leaders assembled by the Wall Street Journal in November that the economic crisis facing the country is "an opportunity to do things you could not do before." That has to be one of the most chilling statements I have ever heard uttered by an American political official in my lifetime. It ranks right up there with the transparent arrogance of Clinton administration hotshot Paul Begala's July 1998 explanation of the use of executive orders by the president to go over the heads of Congress: "Stroke of the pen. Law...
  • How Short-Sellers Almost Destroyed U.S. Banking [System]

    12/16/2008 2:00:42 PM PST · by CutePuppy · 85 replies · 2,319+ views
    CNBC ^ | Tom Brennan
    <p>Forget Bernard Madoff’s $50 billion fraud. The SEC, and the press, should be focused on short-sellers’ attempts to destroy the U.S. banking system, Cramer said.</p> <p>Just in the 12 days leading up to the Nov. 24 Citigroup bailout, short selling accounted for over 49% of the total trading volume in that company’s stock. For JPMorgan Chase , it was 41%. Bank of America : 35%. Goldman Sachs : 40%. Morgan Stanley : 37%. Wachovia : 42%. Wells Fargo : 42%.</p>
  • Short-selling ban ends, Morgan Stanley's stock drops

    10/09/2008 5:41:39 PM PDT · by BGHater · 5 replies · 463+ views
    Reuters ^ | 09 Oct 2008 | Reuters
    Plunge also due to concerns about Mitsubishi investment; 'you can short Morgan Stanley today' The stock price of Morgan Stanley plunged as much as 25% on Thursday. The drop was attributed to the end of the SEC’s ban on short-selling of financial stock, as well as concern about the status of a planned $9 billion investment by Japan’s top bank, Mitsubishi UFJ Financial Group. “There is continued unease about the prospects of the Mitsubishi deal going through, and that has also impacted (their) credit default spread,” said Matt McCormick, Portfolio Manager and banking analyst at Bahl & Gaynor Investment Counsel...
  • Anatomy of Morgan Stanley Panic

    11/24/2008 1:38:52 AM PST · by CutePuppy · 27 replies · 2,244+ views
    Wall Street Journal (subscription) ^ | November 24, 2008 | SUSAN PULLIAM, LIZ RAPPAPORT, AARON LUCCHETTI, JENNY STRASBURG and TOM MCGINTY
    Two days after Lehman Brothers Holdings Inc. sought bankruptcy protection, an explosive rumor spread that another big Wall Street firm, Morgan Stanley, was on the brink of failure. The chatter on trading desks that Sept. 17 was that Deutsche Bank AG had yanked a $25 billion credit line to the firm That wasn't true, but it helped trigger a cascade of bearish bets against Morgan Stanley. Chief Executive Officer John Mack complained bitterly that profit-hungry traders were sowing panic. Yet he lacked a critical piece of information: Who exactly was behind those damaging trades? Trading records reviewed by The Wall...
  • Soros faces Congress over hedge funds' role in meltdown

    11/13/2008 1:52:43 PM PST · by flattorney · 47 replies · 1,928+ views
    Telegraph (UK) ^ | November 13, 2008 | James Quinn/Louise Armitstead
    Abstract: Five of the world's richest hedge fund managers, including George Soros, the man who the broke the Bank of England, have been called to account by US politicians for their role in the collapse of the global financial system. The quintet – including John Paulson, who made $3.7bn (£2.49bn) last year betting against the US mortgage market – were grilled over their roles in buying unregulated derivatives products, which some politicians believe contributed to the financial markets' meltdown. The men, who each earned more than $1bn each last year, were called to account by Democratic Congressman Henry Waxman, who...
  • Soros says deep recession inevitable, depression possible

    11/13/2008 9:16:40 AM PST · by Red in Blue PA · 54 replies · 2,331+ views
    Yahoo ^ | 11/13/2008 | Reuters
    George Soros, chairman of Soros Fund Management, testified at a House Oversight and Government Reform Committee hearing on Thursday. Highlights: * Said "a deep recession is now inevitable and the possibility of a depression cannot be ruled out." * Said hedge funds were an integral part of the financial market bubble which now has burst. * Said hedge funds will be "decimated" by the current financial crisis and forced to shrink their portfolios by 50-75 percent.
  • Soros: The Wizard is Out of the Closet

    11/18/2008 5:16:33 PM PST · by The Conservative Yogini · 14 replies · 602+ views
    The Gadfly ^ | The Gadfly
    I wrote a post a while back entitled the Soros: The Wizard of Obama? where I pointed out that Soros is pulling the strings of the Obama puppet and his Obamanation. Well, he is no longer the wizard hiding beyond a secret little chamber. openly reports to the public: Three blocks from the White House, on the 10th floor of a sleek glass building, young workers pound at computers, with giant flat-screen TVs overhead. It has the look and feel of a high-tech startup. In many ways it is. The product is ideas. Thanks in part to funding from...
  • Soros-Funded Democratic Idea Factory Becomes Obama Policy Font

    11/18/2008 1:36:17 PM PST · by pissant · 4 replies · 367+ views
    Bloomberg | 11/17/08 | Ed Chen
    Title and link only due to copywrite...
  • Sen. Sessions’ letter to President Bush: Wake up!

    11/18/2008 1:48:46 PM PST · by chasio649 · 47 replies · 1,877+ views ^ | 11/18/08 | Michelle Malkin
    One of my favorite conservative heroes in the Senate, GOP Sen. Jeff Sessions, tries to rouse lame duck President Bush from his stupor and urges him to exercise his constitutional duties. It’s an exercise in futility, but a good try nonetheless. November 14, 2008 The Honorable George W. Bush President of the United States The White House Washington, D.C. 20500 Dear President Bush: I am deeply concerned that the execution of your economic stabilization plan by Secretary Paulson represents an unprecedented governmental intervention in the economy that threatens our nation’s long heritage of limited government and commitment to the free...
  • Defusing the Credit-Default Swap Bomb

    11/16/2008 1:49:44 PM PST · by CutePuppy · 20 replies · 1,197+ views
    Barrons ^ | November 15, 2008 | Jonathan R. Laing
    Reforms are defusing the danger in the credit-default swap market. AS THE GLOBAL CREDIT CRISIS GRINDS ON WITHOUT seeming relief, worries grow that a mishap in the once obscure credit-default swap market could trigger an even more lethal financial meltdown. ..... It's easy to understand why credit-default swaps, which have been called financial weapons of mass destruction, can engender hysteria. These quasi-insurance policies allow buyers to insure all manner of debt instruments, including corporate and sovereign-nation bonds, various bond indexes and securitizations, against any credit losses from defaults. Demand for them grew explosively during the past decade's credit boom. According...
  • Push to remove Belling from radio to continue

    11/12/2004 8:54:34 PM PST · by Snerdley · 47 replies · 2,688+ views
    Milwauke Journal Sentinal ^ | Nov. 11, 2004 | GEORGIA PABST
    Push to remove Belling from radio to continue Ad hoc committee wants him off permanently By GEORGIA PABST Posted: Nov. 11, 2004 The push to get WISN-AM (1130) radio talk show host Mark Belling removed permanently from his show for using an ethnic slur will continue, a spokesman for a Latino ad hoc committee said Thursday night. The decision was announced following a closed two-hour meeting at the Federation for Civic Action attended by about 50 people, including Latinos and others in the community. Enrique Figueroa, director of the Roberto Hernandez Center at the University of Wisconsin-Milwaukee, said the...