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Financial News Update – 12/11/09
Dec 11th, 2009 by TMH
Senators propose cutting greenhouse gas emissions 17% by 2020
EU nations commit $3.6 billion to climate fund
Pelosi backs widening Medicare in Senate plan
Bailout for Main Street instead of Wall Street?
Education Pork: Congress Funding Classrooms (and Apartment Complexes) to Nowhere
The Cost of Our National Debt in Pictures
Kerry-Lieberman-Graham-Boxer-Waxman-Markey
Congress Stuffs Its Own Stocking
The Latest Senate Debate on Drug Reimportation: The Outcome Could Kill You
Video: Barney Frank’s Permanent TARP
Copenfrauden: The Scandals Behind Global Warming
Inhofe Calls for Independent Investigation of IPCC
New Senate Health Bill: Exacerbating Federal Fiscal Insanity
Senator Lieberman’s Honest Quote on Cap and Trade
Morning Bell: Speaker Pelosi’s Spendapalooza
House passes new financial industry power grab with CBC payoffs
Scrooge pay czar tightens screws on midlevel employees
$6 billion payoff: Barney Frank gives in to Congressional Black Caucus shakedown crew
Soros scheming at Copenhagen: Eco-redistribution of wealth
Barack Obama: Climate Change Is a National Security Issue
Classy Dems Compare Climate Change Deniers to “Teabaggers”
Fed Workers Enjoy Boom Time– Average Pay Now at $71K Compared to $40K in Private Sector
UN Security Stops Journalist’s Questions About ClimateGate
Huge doubts over numbers being used in Copenhagen
DEMS TO LIFT DEBT CEILING BY $1.8 TRILLION!
U.S. To Pay $3.4 Billion to Settle Native American Suit
ON THE BRINK: Healthcare reform draws nearer
Loophole would allow coverage limits
Sarkozy, Brown: Banks Should Pay for Climate Change
U.N. Wants $60B to Monitor Climate
House Passes Wall Street Regulatory Overhaul
GOP Tries to Put Freeze on Debt Limit
Pay Czar Caps Salaries for Bailout Execs to $500G
Nation’s Health Care Tab to Grow Under Senate Bill
Chamber of Commerce Raises ‘Security’ Concerns After Group Puts Bounty on CEO
10 Countries most likely to default.
An MP3 recording of John Williams of Shadow Government Statistics.
U.S. Homeowners Lost $5.9 Trillion Since 2006 Peak.
Volcker Sees No Value in Derivatives. Here is a key quote: “He said credit default swaps and collateralized debt obligations had taken the economy ‘right to the brink of disaster’ and added that the economy had grown at ‘greater rates of speed’ during the 1960s without such products. When one stunned audience member suggested that Mr. Volcker did not really mean bond markets and securitizations had contributed “nothing at all”, he replied: ‘You can innovate as much as you like, but do it within a structure that doesn’t put the whole economy at risk.’ He said he agreed with George Soros, the billionaire investor, who said investment banks must stick to serving clients and “proprietary trading should be pushed out of investment banks and to hedge funds where they belong”.
Americans Want Money Spent for Jobs, Send Bill to Rich
Government Program Has Only Helped 31,000 Borrowers So Far
Stocks Rise as Trade Deficit Narrows in October
Goldman Sachs Execs Won’t Get 2009 Cash Bonus. They are receiving restricted stock awards instead.
Natural Gas Prices Surge as Crude Fades
High-Stakes Duel Between Ron Paul and Bernanke Intensifies
An Obvious Question About US Government Gold Supplies Goes Begging
