HILLARY OFFERS SOLID FINANCIAL PLAN

HILLARY CLINTON IS NOT SQUIRRELED away in the corner knitting a snappy sweater for each of her former rivals. Quite the contrary. Despite Obama's continued pleas that she somehow put away their differences, his dirty tricks, embrace party unity, and campaign for him like the Chosen One he is, she continues to stake her reputation, past and present, on the idea that assisting in this long expected financial crisis of the American republic is far more important than slaving away for any single candidate, particularly one who is failing to measure up to his own hype.

Watch the video and read the Clinton proposals to address the crisis:

Create a new entity to buy up and quarantine toxic mortgage securities that are dragging down the markets which would allow the markets to stabilize. Last spring Senator Clinton was among the first to call for a new entity modeled after the successful Depression-era Home Owners’ Loan Corporation (HOLC) or the Resolution Trust Corporation (RTC) created after the Savings and Loan crisis.

Place a temporary moratorium on the most abusive stock transactions, many of which involve the “short-selling” of stocks. Yesterday, Senator Clinton wrote to the Securities and Exchange Commission urging such a moratorium, saying it would provide breathing room for the markets to recover, for investors to make accurate assessments of companies and for regulators to assess what trading practices should be permanently banned.

Convene an emergency economic summit to show the American people their government is working together. Bringing together leaders in the administration and Congress with lenders, consumer advocates, non profits, financial institutions, and all stakeholders will allow a coordinated response to the crisis.

Aggressively pursue and encourage mortgage modifications. Senator Clinton has introduced legislation to remove barriers to mortgage modification and to encourage lenders to voluntarily work with borrowers to keep them current on payments and in their homes.

Restore competent federal oversight of the increasingly complicated financial markets. The rapid evolution of the securities and banking industry overwhelmed the current regulatory framework, resulting in a “shadow banking system” that operates outside of oversight and without accountability.

Require transparency and accountability on executive pay. Senator Clinton has proposed the Corporate Executive Compensation Accountability and Transparency Act to impose new transparency rules on executive pay, end the accounting techniques that hide compensation, and provide shareholders a say in executive compensation packages.

Ensure the accountability of financial institutions borrowing money from the Federal Reserve’s new lending facilities. Taxpayers deserve to know that the companies they are bailing out are on the road to recovery and aren’t throwing more good money after bad.

Senator Clinton urged the administration and the Congress to move quickly to adopt these proposals and prevent the crisis from worsening. “Time is of the essence. Any delay could be ruinous for both financial institutions and confidence in our markets,” she said.

FLYING DUST

China continues to fix its own currency against the dollar. The House of Saud tightens its grip on the American economy, holding it hostage with its blood-stained stash of petrodollars, whispering threats to go Euro. Dubai oil sheiks ratchet up the stakes of impending financial doom by purchasing controlling chunks of Western stock exchanges. Hardball. Playing for keeps. Winner take all. The West is rapidly losing its stewardship, and foul friends just laugh and cackle good riddance.

Vincente Fox admits push for a single Western Hemisphere currency. Open borders. Political alliances operating on false presumptions and feckless ignorance. Babies nursed on bombs. Roving gangs well-hidden. Faces ripped off dirty headlines. Motion in recoil. Deceit in motion. No one in control. Welcome to chaos, ugly to its core. Fear in the fingers. Arrogance on the nose. Hatred by the book. Cowards without fright. Opposing thumbnails. Inversions of the rule. The pauper's pose. Hooked on transference. Lies. Damn lies. Peace at any cost. Ugly to its core.

And now of course, our trendy American kids are at it again, proving that ruthless irrationality in any forum always trumps strategic idealism in the hawkish eyes of its declared and undeclared enemies:

Wearing black shirts and covering their faces with bandanas, scores of sometimes unruly demonstrators marched through Georgetown last night to protest the international finance and development organizations meeting this weekend.

Despite the large contingent of officers on scooters and bicycles who flanked and followed the 200 to 300 protesters, violent incidents broke out. A woman bled after being struck in the face with what police said was a flying brick.

Trash cans were overturned in the rain-dampened streets, objects were thrown, and newspaper boxes were overturned. Two protesters were arrested in connection with an incident in which an officer was pushed from a scooter, Police Chief Cathy L. Lanier said.

Many store windows were boarded up in anticipation of the demonstration, which targeted the meetings of the International Monetary Fund and World Bank, but two unprotected windows were struck near Wisconsin Avenue and M Street. It was not clear whether they were broken.

Read more in the Washington Post...

FINANCIAL COLLAPSE IN THE WORKS?

Industrial freshness in oil rich Qatar

The ME state of Qatar has upped its share in the London Stock Exchange to nearly 24 per cent, giving the gulf state and its neighbour Dubai a controlling stake of nearly 52 per cent.

The Islamofanatics (sic!) are nothing if not superb Machiavellian practitioners of black intrigue. What better way to drop the equivalent of an electromagnetic pulse on an entire economy than with the weapon of stock exchange ownership? This is from the same playbook as the Dubai ports deal. Go after Western critical strategic non-military assets, control them and then put the economic squeeze on us. They did it with oil and they are using that as an example for further exploitation; but now they will use economic force to propagate Islam.

The bureaucrats in London, Washington, and New York should set aside their copies of Adam Smith and think about what is happening here. This litany of incidents were major direct attacks on our nations' financial systems in an area where we have no line of defense. Once economic control has shifted into "enemy" hands, Washington becomes irrelevant.

The Secretary of the Treasury and the Chief of Economic Advisors should be revolting against this stealth takeover of Western markets. They should forget about this globalism crap and throw out Queensbury rules, returning to WWII economic controls on enemy assets. The Islamofanatics only abiding rule of engagement is doing whatever it takes to win, to establish a world caliphate. They cannot win with a direct confrontation against a carrier group or an infantry division, but they can win with an economic ax threatening Wall Street which could easily slam into and paralyze the country's economic backbone. Only teeth-gnashing Marxists can cheer at this news. Make no mistake. They are cheering.

However, it is also true that Muslims owning a stock exchange is not the end of the system, not yet anyhow. What exchange ownership can control is which company to list or unlist. But even here there's a ball & chain of regulation to abide since all exchanges operate by local laws. I understand that a "Stock Exchange" is simply a trading space. Remember the Dick Grasso scandal? In fact, an exchange is a company by itself. If one falters or grows unstable or unfriendly there is always market space for another trading space company to spring into place, although by most accounts, the London Exchange is arguably the centerpiece of global trading.

Dubai has control of the Nasdaq also. The Saudi's are "playing" around with the US dollar. They have their tentacles in our media, they control the oil and now this. Now, where did I put all those "The End is Near" signs I rescued from a dumpster oh so many years ago?

Read more...