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»♠♠ On The Air Since 2007 ♠♠« (The) C0MM0N PE0PLES S0URCE for NEWS header image 1
  • "There are two ways to slide easily through life:
    To believe everything or to doubt everything-
    Both ways save us from thinking."

    Alfred Korzybski
  • Destroyers of the Republican Party

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  • Do You Know Their Names
    (Click Me to Find Out)
  • Who’s Behind The Financial Meltdown?


  • National Debt Clock

    Price of Addiction
    ###
    to Foreign Oil

  • MUST-READ STUFF
  • I) Bailout & Bonus Stuff

    • Bailout and Bonuses
    • Break Up the Banks
    • Follow The Money
    • Gaming the Public-Private Investment Fund?
    • Geithner’s Toxic Waste Plan: good? bad?
    • Has the Gaming of the Public-Private Partnership Begun?
    • Off With The Bankers
    • The Greatest Swindle Ever Sold
  • II) Financial Crisis Stuff

    • As Subprime Lending Crisis Unfolded, Watchdog Fed Didn't Bother Barking
    • Geithner, Member and Overseer of Finance Club
    • Has a [Obama] ‘Katrina Moment’ Arrived?
    • He Doesn’t Let Money Managers Off the Hook
    • It’ll Take More Than Money to Fix This Crisis
    • The Fake Recovery
    • The Looting of America’s Coffers
    • They Tried to Outsmart Wall Street
    • Who's Behind the Financial Meltdown?
  • III) Politically Driven Stuff

    • Building a Better Capitalism
    • Proponents of Estate Tax Repeal Are Resurrecting Old Misconceptions
    • Stephen Moore Misled on Wealthy Americans’ Tax Burden
    • Tax Competition: Why It Is Not a Good Thing
    • The End of Supply Side Economics
    • The Great Wealth Transfer
    • The Richer
    • The Small-Business Myth
  • My Favorite Sites

    • A Taxing Matter – About Taxes & Tax Laws
    • Angry Bear
    • Center on Budget & Policy Priorities
    • Cynical Synapse
    • Start Making Sense
    • Understanding Tax
  • My Other Sites

    • Chasing The Presidency
    • Why Our Society is Self-Destructing

  • NEVER Forget!!


    BUT------!!

    No Regrets
    I Remember!

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Family Matters Once Again

October 23rd, 2009 · General

 

UPDATE: November 11, 2009 – The Old Man is still unavailable full time, but have been able to squeeze in a few post. It appears I will be out a couple of more weeks. In the meantime, all new post will appear below this one. Thanks for your understanding.

October 23, 2009

I’ve been unavailable for the past week due to more family health problems. Fortunately this time it wasn’t  a death, but major surgery to avoid the potential in the near future. An elderly sister had to have a valve replaced in her heart, and since she has no children I am with her through the procedure, which has already happened, and will be staying with her for a few weeks.

I haven’t posted anything in a week now and probably won’t be able to post many in the following few weeks. But will keep a close eye on what I consider high profile news items and will try to respond to those. However, I’m sure even that will be limited.

Thanks to those who come here to read, and I hope to be back full time in a few weeks.

(I will keep this post stuck at the top until I return full time. Meantime, any post I am able to squeeze in will be below this one.)

The Old Man

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→ 1 CommentTags:

What’s Up With This?

November 11th, 2009 · Politics & Politicans, Republicans

November 11,2009

“[In early October], Senate Republicans blocked consideration of an extension of unemployment insurance. When they finally let it come to a vote, the measure passed 98 to 0” [bold/underline added]– quoted from Harold Meyerson in The Do-Nothing Senate, referencing this action.

Hold On! There is More to Read. “√” Out the Rest! > >

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→ 2 CommentsTags: GOP·Unemployment·Unemployment Benefits

Great Things Can Happen When Politics Aren’t Involved

November 7th, 2009 · Banks & Financial Institutions, Big Business, Financial Bailout, Government, Politics & Politicans, Wall Street

November 7, 2009

Ben Bernanke

Ben Bernanke

Federal Reserve Chairman Ben Bernanke is not a politician in the general sense of the word. He’s also not a young man looking to make his fortune or a name for himself. As such, he often comes up with excellent ideas that actually does have the common good of all Americans, not just a select, elite few. His latest is, I believe, an attempt to reign in Wall Street by establishing laws rather than self-policing.

Hold On! There is More to Read. “√” Out the Rest! > >

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→ No CommentsTags: Banking Regulation·Banks & Bank Failures·Ben Bernanke·Financial Bailout·Too Big To Fail

Say Good-By To Your TARP Tax Dollars

October 31st, 2009 · Banks & Financial Institutions, Big Business, FDIC, Federal Reserve, Financial Bailout, Government, Treasury Secretary

October 31, 2009

Neil Barofsky

Neil Barofsky

Neil Barofsky could just possibly be the only honest person watching our tax dollars. As Inspector General of the TARP program, he’s told Congress that we tax payers are “unlikely” to recoup all the TARP funds that’s been doled out, let alone receive a return on that money. He specifically pointed to AIG and General Motors. Between the two, that amounts to well over $100 billion. And others will most likely be added to the list as time goes along.

Hold On! There is More to Read. “√” Out the Rest! > >

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→ No CommentsTags: AIG·Department of the Treasury·FDIC·General Motors·Neil Barofsky·TARP·Tim Geithner

The Wooing Of Crude Oil Prices

October 30th, 2009 · Big Business, Oil Industry

October 30, 2009
 
The third-quarter report of profits for the oil companies was released yesterday. Great fan-fare was paid to the huge drop in profits which are always compared to the same quarter for the previous year. The average “losses” between Exxon, Royal Dutch Shell and ConocoPhillips was 67 percent. ConocoPhillips claimed the biggest drop at 71 percent. But just how “big” were these losses really!?
 

Hold On! There is More to Read. “√” Out the Rest! > >

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→ No CommentsTags: Oil Company Profits·Oil Price Manipulation·Oil Speculators

Taxpayers Pays $1.3 Billion For Senior’s Medicare Perks

October 15th, 2009 · Big Business, Health Care Industry, Health Care Reform, Insurance Companies

October 15, 2009

Free aspirin; free Band-Aids; free blood pressure machines; free ear thermometers; free prescription eyeglasses; free hearing aids; and free gym membership: Just some of the many “freebies” that insurance companies offer recipients to abandon Medicare and sign up with them for Medicare Advantage. But there’s a problem: Those things aren’t “free” — we taxpayers pay for all those “gifts”.

Hold On! There is More to Read. “√” Out the Rest! > >

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→ 1 CommentTags: Health Care Reform·Insurance Companies·Medicare & Medicaid·Medicare Advantage

Random Thoughts on Other Notable Headlines of the Day — Issue XLIV

October 12th, 2009 · Banks & Financial Institutions, Big Business, Democrats, Health Care Industry, Health Care Reform, Insurance Companies, Politics & Politicans, Random Thoughts, Republicans

October 12, 2009  

Hail to the Bankers! – They Never Give Up

Back in May of this year I posted New Credit Card Bill Allows for Continued Theft — and the banks haven’t let me down. I’ve been proven right on several occasions. In that post I questioned why our lawmakers wanted to wait nine months to implement a new law that would restrict credit card companies from ripping off consumers. Then I offered an answer: Give the credit card companies time to go into high gear to rip off consumers before the new law took affect. Among many other examples I could offer, this one is the latest.

Hold On! There is More to Read. “√” Out the Rest! > >

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→ No CommentsTags: Barack Obama·Credit Card Companies·E.J. Dionne·Health Care Industry·Health Care Reform·Honduras·JPMorgan Chase·Manuel Zelaya·Racism·Republicans

Besides The Obvious, What Does Goldman Sachs, J.P. Morgan Chase And Citigroup Have In Common?

October 11th, 2009 · Banks & Financial Institutions, Big Business, Financial Bailout, Government, Treasury Secretary, Wall Street

October 11, 2009

If you’ve been paying any attention at all to the financial world you will know that Goldman Sachs, J.P. Morgan Chase and Citigroup have risen above all other banks after the financial crisis of last year. Citigroup faired the worse with its stock falling to its lowest of $1.13 but has rebounded to $4.63 today, and still relying on government support. But J.P. Morgan Chase went from $15.90 in March of this year to $45.85. Then there’s Goldman Sachs. They faired best of all. Even their low of $52 in early December of last year never threatened them, and today their stock is worth $189.30, just $40 off their all-time high which came just months before the collapse. They’ve hardly felt a pinch. So how did these three manage to do that?

Hold On! There is More to Read. “√” Out the Rest! > >

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→ 1 CommentTags: Citigroup·Department of the Treasury·Goldman Sachs·Henry Paulson·JPMorgan Chase·Tim Geithner

← Previous Entries
  • Thought of the Week

    Choose One Please

    Tax and Spend
    (Democrats)
    or
    Borrow and Spend (Republicans)?
    The cost to taxpayers is the same.
    The only question is who will pay for it and when!

    (Tea?)
    PartyCool, Baby!Time!!


    The Old Man
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    • Random Thoughts on Other Notable Headlines of the Day – Issue V
    • Who’s In White House When Recession Hits?
    • Michelle Obama Questioned About Her Views On Racism
    • Al Sharpton May Sue Florida
    • A Must Read article - The Looting of America's Coffers
  • CPSN Recent Post

    • What’s Up With This?
    • Great Things Can Happen When Politics Aren’t Involved
    • Say Good-By To Your TARP Tax Dollars
    • The Wooing Of Crude Oil Prices
    • Family Matters Once Again
    • Taxpayers Pays $1.3 Billion For Senior’s Medicare Perks
    • Random Thoughts on Other Notable Headlines of the Day — Issue XLIV
    • Besides The Obvious, What Does Goldman Sachs, J.P. Morgan Chase And Citigroup Have In Common?
    • More Strong Support For Real Health Care Reform
    • Obama’s Nobel Peace Prize – Here’s My Take
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