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US Government seizes a mortgage bank; tensions rise!
These are crazy times, aren't they. Seems like it's only going to get worse.
"WASHINGTON (Reuters) - U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history.
California-based IndyMac, which specialized in a type of mortgage that often required minimal documents from borrowers, became the fifth U.S. bank to fail this year as a housing bust and credit crunch strain financial institutions.
The federal takeover of IndyMac capped a tumultuous day for U.S. markets that saw stocks slide on a surging oil price and renewed fears about the stability of the top two home financing providers, Fannie Mae and Freddie Mac.
IndyMac will reopen fully on Monday as IndyMac Federal Bank under Federal Deposit Insurance Corp supervision, but tensions ran high as customers at a branch at its Los Angeles-area headquarters read a notice in the window saying it was closed.
At another branch down the road, a man who said he had more than $200,000 in an account -- twice what is normally FDIC guaranteed -- argued with a security guard who was closing up." These are crazy times, aren't they. Seems like it's only going to get worse. ... more -
The Power of Nightmares (III): The Phantom Victory Part 1
The Power of Nightmares, subtitled The Rise of the Politics of Fear, is a BBC documentary film series, written and produced by Adam Curtis. The series consists of three one-hour films, consisting mostly of a montage of archive footage with Curtis's narration, which were first broadcast in the United Kingdom in late 2004 and have been subsequently aired in multiple countries and shown in several film festivals, including the 2005 Cannes Film Festival.
The films compare the rise of the American Neo-Conservative movement and the radical Islamist movement, making comparisons on their origins and noting strong similarities between the two. More controversially, it argues that the threat of radical Islamism as a massive, sinister organised force of destruction, specifically in the form of al-Qaeda, is in fact a myth perpetrated by politicians in many countries—and particularly American Neo-Conservatives—in an attempt to unite and inspire their people following the failure of earlier, more utopian ideologies.
The Phantom Victory Part 2: http://www.youtube.com/watch?v=wRBKnZWrHbg
The Phantom Victory Part 3: http://www.youtube.com/watch?v=ps1zc17uo_c
The Phantom Victory Part 4: http://www.youtube.com/watch?v=nAQpZgS4eFk
The Phantom Victory Part 5: http://www.youtube.com/watch?v=_s_3jk-Ryj4
The Phantom Victory Part 6: http://www.youtube.com/watch?v=LWAez4WWh-Y The Power of Nightmares, subtitled The Rise of the Politics of Fear, is a BBC documentary film series, written and produced by Adam Cu... more -
The Power of Nightmares (I): Baby it's Cold Outside Part 1
The Power of Nightmares, subtitled The Rise of the Politics of Fear, is a BBC documentary film series, written and produced by Adam Curtis. The series consists of three one-hour films, consisting mostly of a montage of archive footage with Curtis's narration, which were first broadcast in the United Kingdom in late 2004 and have been subsequently aired in multiple countries and shown in several film festivals, including the 2005 Cannes Film Festival.
The films compare the rise of the American Neo-Conservative movement and the radical Islamist movement, making comparisons on their origins and noting strong similarities between the two. More controversially, it argues that the threat of radical Islamism as a massive, sinister organised force of destruction, specifically in the form of al-Qaeda, is in fact a myth perpetrated by politicians in many countries—and particularly American Neo-Conservatives—in an attempt to unite and inspire their people following the failure of earlier, more utopian ideologies.
Baby it's Cold Outside Part 2: http://www.youtube.com/watch?v=8GopLcmExts&feature=...
Baby it's Cold Outside Part 3: http://www.youtube.com/watch?v=bXMN9o2j9zE
Baby it's Cold Outside Part 4: http://www.youtube.com/watch?v=x1Wq1yC8Dxw
Baby it's Cold Outside Part 5: http://www.youtube.com/watch?v=uwuOfqOvn_Y
Baby it's Cold Outside Part 6: http://www.youtube.com/watch?v=b-mH0fwyOqw
Baby it's Cold Outside Part 7: http://www.youtube.com/watch?v=k47TphbP_-Q The Power of Nightmares, subtitled The Rise of the Politics of Fear, is a BBC documentary film series, written and produced by Adam Cu... more -
In California the government might be able to control your thermostsat
California energy regulators are considering taking control of residents' thermostats, giving them the ability to control the temperatures of homes during energy crises, the New York Times reports.
The California Energy Commission is expected to vote on the rules next month, which would give utilities the power to control home thermostats via radio control to manage electricity shortages, the paper reports.
Customers would be able to override utilities' suggested temperatures, but not during energy emergencies, the New York Times reports. The move, officials say, would help them avoid rotating outages statewide.
?You realize there are times ? very rarely, once every few years ? when you would be subject to a rotating outage and everything would crash including your computer and traffic lights, and you don?t want to do that,? Arthur H. Rosenfeld, a member of the energy commission, told the Times.
Is this really necessary? California energy regulators are considering taking control of residents' thermostats, giving them the ability to control the tem... more -
Made in USA
Freedom - Aren't you losing it America? Summer 2003. New York City. Thompkins Square Park.
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Government Confiscates Ron Paul Dollars
On Wednesday, November 14, 2007, federal agents raided the Indianapolis headquarters of a company called NORFED, the National Organization for the Repeal of the Federal Reserve Act and Internal Revenue Code, and seized its holdings of gold, silver, and copper, much of it in the form of coins bearing the likeness of US Congressman Dr. Ron Paul of Texas, a candidate for the Republican nomination for President of the United States. On Wednesday, November 14, 2007, federal agents raided the Indianapolis headquarters of a company called NORFED, the National Organiza... more
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