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POPSGunwalker: Did Justice Dept. Violate U.S. Kingpin Act? ... national security, foreign policy, or economy of the United States. A violation of any of the IEEPA sanctioning programs or the Kingpin Act carries stiff penalties, both criminal and civil, and potentially totaling decades in prison and tens of millions of dollars in fines. It is not necessary that an individual or governmental entity be shown to have “knowingly” violated any of these programs: it is illegal for any U.S. entity or individual to aid, abet, or materially assist — or in the case of Operation Fast and Furious, to facilitate others to aid, abet, or materially assist — designated drug traffickers. There are no exceptions within IEEPA programs for unlicensed U.S. law enforcement or intelligence agency operations. Based on the July 5, 2010, memo to Eric Holder, it would appear that Fast and Furious facilitated the delivery of weapons to — at a minimum — the Sinaloa cartel in Mexico .
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POPSObama Intends to Treat an Act Of War as a Law Enforcement Matter
. . (explosives); and conspiracy to commit an act of international terrorism transcending national boundaries. Arbabsiar is further charged with an additional count of foreign travel and use of interstate and foreign commerce facilities in the commission of murder-for-hire. A restaurant in Washington, D.C., favored by Saudi Ambassador Adel Al-Jubeir was targeted for bombing, and the plotters were agreeable to killing U.S. citizens that frequented the establishment — including U.S senators also known to eat there. Interestingly enough, the plotters were thwarted by a confidential source of the Drug Enforcement Agency who met with Arbabsiar in Mexico. The DOJ document states that the confidential source ” … posed as an associate of a violent international drug trafficking cartel.” Defense officials have confirmed that no military reaction is in the works, while the State and Treasury Departments seem to indicate that the only immediate reaction against this act . .
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POPSIn Just 2 Years — Very Scary Support Data Sources: (1) U.S. Energy Information Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. of Labor; (7) FHFA; (8) Standard & Poor’s/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. Treasury
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POPSIG Report Obama: GM Chrysler Moves Needlessly Accelerated Job Losses Issa, who has been a vocal critic of the Obama administration's handling of the GM and Chrysler government takeovers, said the SIGTARP report should "serve as a wake-up call as to the implications of politically-orchestrated bailouts and how putting decisions about private enterprise in the hands of political appointees and bureaucrats can lead to costly and unintended consequences." The California Republican also said the fothcoming report will say "GM did not consistently follow its stated criteria and that there was little or no documentation of the decision-making process to terminate or retain dealerships with similar profiles, or of the appeals process” and that “making termination decisions with little or no transparency and making a review of many of these decisions impossible…” http://www.washingtonexaminer.com
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POPSIt Looks Like The White House is Fixing The Unemployment Numbers What this means is that in March the average paycheck from Uncle Sam for sitting doing nothing, surged to an all time high of $1,447/month. ...It appears that in March either the government decided to payout an additional roughly 20% per unemployment paycheck, or once again, there is a shadow population of beneficiaries, which are not caught in any of the standard cohorts. Keep in mind that the average monthly paycheck has traditionally been indicated as being about $1,000. If anyone has an explanation other than that presented by Tyler Durden, I'd welcome it. Because it's quite disturbing to believe the administration is lying about ev-ery-thing. directorblue.blogspot.com http://bit.ly/9BddTE
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POPSWho Appears At The Intersection of Every Legislative and Regulatory Failing of the Mortgage System? CONTINUED ........ Consider the findings of the auditor: "Over 50% of the sub primes were for cash-out refi’s. Regardless of the loan criteria used to pull random samplings for audits, the majority of the last names were Hispanic. The loans I audited were primarily in CA, NV, AZ, FL, CO, compare those to the states with the highest number of foreclosures & illegal aliens." Now that we -- the taxpayers -- have ownership stakes in most of the large banks, I have three very simple questions for the new stewards of the banks -- our Congress: 1. What's the total percentage of subprime loans that have defaulted? 2. What's the total percentage of subprime loans that used a Matricular Consular card as the primary ID that have defaulted? 3. And how is it that Barney Frank -- who appears to be at the intersection of every legislative and regulatory failing of the mortgage system -- isn't being investigated by every agency in the country?
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POPSU.S.Troop Funds $2.6 Billion Taken From Guns and Ammunition For "Pet Projects" Sen. Tom Coburn, Oklahoma Republican, called the transfer of funds from Pentagon operations and maintenance "a disgrace." "The Senate is putting favorable headlines back home above our men and women fighting on the front lines," he said in a statement. RELATED STORIES: • Michigan town lobbies for Gitmo transfers • Top Treasury posts stay empty in financial crisis • VA Dept. hospitals botched treatments Mr. Wheeler, who conducted the study, compared the Obama administration's requests for funds with the $636 billion spending bill that the Senate passed. He discovered that senators added $2.6 billion in pet projects while spending $4 billion less than the administration requested for fiscal 2010, which began Oct. 1. Mr. Wheeler said that senators took most of the cash for the projects from the "operations and maintenance" or O&M accounts. "These are the accounts that pay for troop training, repairs, spares and supplies for vehicles, weapons, ships and planes,
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POPS"Bring on the Clowns!" Humor In The Workplace Upon completion of the course, participants shall be able to: • Understand the importance and power of humor in the workplace in a responsible manner • How to use talents in a creative way that adds humor to everyday experiences • Alleviate stress in home and the office • Know how and why humor is important to communication • Improve work-place relationships • Prevent burn-out
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POPSAdministration Enabled Bonuses So They Could Stoke Populist Outrage? I mean, I spent a long time to having people try to be — change it. And obviously they came. And the alternative was losing the amendment. And I didn’t think we should do that at all. BLITZER: Who asked you at the Treasury Department to do it? DODD: Well, they were people, obviously, coming and negotiating with the staffs back and forth. And I don’t know their names specifically, it was at a staff level, people were talking about it. Gee, would this be the same Treasury Department from the same administration that were “shaking with outrage” over these very bonuses? Dodd’s a liar, but he’s not the only one in this debacle. A conspiratorially-minded person might conclude that the administration deliberately enabled the bonuses so they could stoke populist outrage and push through more of their anti-business agenda. H/T suitably flip
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POPS Ask The Tax Guys ~ Tax-Fraud Guy's Question Dear Nomad: It is imperative that you act at once to straighten out your complicated tax situation. First, locate a safe U.S. Congressional district and get elected. Second, get re-elected 15 or 20 times and get appointed to chair a powerful subcommittee. Third, hire a politically connected attorney and twist arms to appoint friendly colleagues to your ethics investigation panel. It might seem like a hassle now, but once you are cleared you'll be free to enjoy your many homes in peace. Charley PS - New York District 16 looks promising!
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POPS Ask The Tax Guys If you answered "yes" to (2), or both (1) and (2), then you are in the clear. If you answered "yes" to (1) but "no" to (2), mail 10% of the total to the Democratic National Committee and request a cabinet appointment. If you answered "no" to both, then I'm afraid you are shit out of luck. Turn yourself into your local IRS authorities, who will assist you in computing appropriate penalties, interest, and parole terms. Tim PS - If you have any money left, buy a few jars of that 'Ginkgo Biloba' supplement from Walgreens. I hear it really helps with memory problems!
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POPSTreasury Moves Against NY Bank Allegedly Funding Iran . . . . . The U.S. government alleged that ASSA Corp. was created by Bank Melli to hold its interest in a building located at 650 Fifth Ave. in New York. The building's construction had been partly financed by a Bank Melli loan, Treasury said. ASSA Corp. co-owns the 36-story building through a partnership formed with the Alavi Foundation of New York, called 650 Fifth Avenue Co., the government said. The United States alleged that ASSA Corp. "has repeatedly transferred rental income generated from the 650 Fifth Avenue partnership back to Bank Melli through ASSA Co. Ltd." The government alleged that ASSA Corp. has shared financial and other information on a regular basis with Bank Melli. The department said its action does not interfere with the business or other activities of the building's tenants.
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POPSHow are Banks Spending Bailout $? Treasury Doesn't Care The piece tells us: Today, Neel Kashkari, the Treasury official supervising the TARP, testified before Congress. And as before , he rejected the idea of tracking the money. “Each financial institution’s circumstances are different, making comparisons challenging at best, and it is difficult to track where individual dollars flow through an organization,“ he explained in his opening statement . Let me go ahead and translate that from bullshit to English; "Keeping track of money's a lot of work. We can't expect banks -- whose business is dealing with money -- to do that." It begs the question; what does anyone actually do at the Treasury Dept.? Is it anything like work?
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POPSReplace Western Capitalism With Islamic Economic System? This is so because, at its core, Shariah is sedition: It explicitly espouses the violent overthrow of all secular governments and constitutions – including those of the United States – in favor of a global Islamic theocracy. The Yerushalmi memo makes clear that Shariah advisors – who play a central role in this industry as it falls to them to determine whether transactions are Shariah-compliant or not – and/or the companies that employ them appear to be involved in one or more of the following: racketeering, anti-trust violations, consumer and securities fraud or material support for terror. Senator Jon Kyl, the Senate's number two Republican and senior member of Finance Committee found the conclusions of the Yerushalmi memo to be sufficiently alarming that in August he sought official reactions to its findings from Bob Kimmitt's boss, Treasury Secretary Henry Paulson, SEC Chairman Chris Cox, Federal Reserve Chairman Ben Bernanke and Attorney General Michael Mukasey.
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POPSWhen Rules and Regulations Don't Mean Squat This is indicative of the lackadaisical attention being paid to rules and regulations that are designed to prevent this from happening. This situation is widespread in both the government and private sectors. Weapons and money have been 'lost' or 'misplaced' in Iraq; weapons and laptops are 'lost' or 'misplaced' by the FBI and ATF; personal records are 'lost' or 'misplaced' by trusted organizations; and the American economy is in the toilet. All because individuals are circumventing rules and procedures because they don't take their responsibilities seriously or use loopholes to better their personal financial situation, usually at our expense. And all we the taxpayers ever get out of this is a bogus line such as "We are revising our procedures". As long as people in responsible positions disregard procedure or undermine rules we the general public will always suffer the most.
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POPSStock Market Continues Fall, Fed Bails Out AIG Crisis continues. AIG gets what Lehman Bros did not--a bail out by the Fed. Maybe the fact that Lehman Bros hired Jeb Bush as advisor a year ago and another Bush as asset manager (see previous clipmark on Lehman) did have a role in deciding not to bail out Lehman, which sent the market into a tail spin as investors and pension companies change their portfolios away from these firms at risk. The Fed's "loan" will be in the form of printing more money (devaluing the dollar, increasing inflation) by the Fed (which is not a government institution, but private bank cartel). The Treasury Dept endorsed it, which is a reflection of the Bush administration. The Fed bailout really is the nationalization of AIG (a mark of socialism, communism), since they did it for a "return of 80% public stake in the firm". The Fed "owns" AIG now.
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POPS Three More Saudis Named Terror Financiers Not one person has been prosecuted by the Saudis in Saudi Arabia, identified by the United States and the United Nations as a terror financier. "These three terrorist financiers were instrumental in raising money to fund terrorism outside Saudi Arabia," said Stuart Levey, the undersecretary for terrorism and financial intelligence at the Treasury Department. "In order to deter other would-be donors, it is important to hold these terrorists publicly accountable.
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