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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (133324)	5/22/2012 9:09:04 AM
From: TideGlider	3 Recommendations Respond to of 224718

I don't care how Chase hedges their bets. No depositor losses occurred nor did the trade involve depositor money.

To: Kenneth E. Phillipps who wrote (133324)	5/22/2012 10:43:43 AM
From: sm1th	6 Recommendations Respond to of 224718

You had a lot more to say about Solyndra thru your vote than you did about Chase's bet on derivatives. It was my money thrown away with Solyndra, I have no interest in Chase, so I shouldn't have a vote.

To: Kenneth E. Phillipps who wrote (133324)	5/22/2012 10:45:13 AM
From: locogringo	3 Recommendations Respond to of 224718

This is Hope and Change, huh TROLL? Welcome to Obama's America 2012, a joy-free zone in which the best and brightest youth are flocking to a Communist dictatorship, because they see more hope of economic opportunity there. With 1 out of 2 recent college graduates out of work, the future leaders of the nation are hanging out in Mom's basement, enjoying their parents' health insurance coverage, while nodding off in a government-induced haze. Ah yes, it's the glorious age of Hope and Change -- when Americans are renouncing their citizenship faster than Obama can grab cash at a George Clooney fundraiser. In 2011, a record 1,789 Americans gave up their US citizenship, exceeding the totals from 2007, 2008 and 2009 combined. But even though America is bleeding jobs and draining brains, talent, and opportunity, don't let Obama hear you complain. The man gets very mad when you don't genuflect to his hokum. I want to ask: If Obama is pushing out our best and brightest entrepreneurs to distant shores, who's he pulling in? Well, here's an interesting fact: a new survey reveals that the number of Muslims in the U.S. has soared 67% since the 9/11 attacks. Thanks to our State Department's massive importation of Muslim immigrants, Islam is now the fastest growing religion in America, up from 1 million in 2000 to 2.6 million today. What could possibly go wrong? Read more: americanthinker.com

To: Kenneth E. Phillipps who wrote (133324)	5/22/2012 10:59:51 AM
From: locogringo	2 Recommendations Read Replies (1) \| Respond to of 224718

Top Obama Donor Tied to Bain Layoffs Here’s what the Obama Web video doesn’t mention: A top Obama donor and fundraiser had a much more direct tie to the controversy and actually served on the board of directors at Richardson, Texas-based Ampad, which makes office paper products. Lavine’s placement on the board of Ampad suggests he had a more direct role than Romney in the series of events surrounding the layoffs, labor disputes and eventual bankruptcy of the Marion, Ind., factory featured in the Obama campaign video. abcnews.go.com

To: Kenneth E. Phillipps who wrote (133324)	5/22/2012 2:24:56 PM
From: TideGlider	1 Recommendation Respond to of 224718

“What’s Geithner Thinking?” Treasury Grants China Direct Access to Buy U.S. Bonds By Stacy Curtin By Stacy Curtin \| Daily Ticker – 3 hours ago In an unprecedented move, in June 2011 the U.S. Treasury Department granted the Chinese government direct-bidder status to purchase U.S. Treasuries direct from the U.S. government, reports Reuters. All other central banks must purchase U.S. Treasuries through primary dealers on Wall Street, which then place bids on their behalf at Treasury auctions. The People's Bank of China holds roughly $1.2 trillion in U.S. debt, more than any other entity, and it is now the first foreign government with direct computer access to the U.S. government Treasury auction process. China, however, must sell U.S. Treasuries on the open market. "It's a big deal because the Chinese are getting very special treatment," says Gordon Chang, Forbes columnist and author of the Coming Collapse of China, in an email to The Daily Ticker. This special treatment does have the potential to save the Chinese government money, but not in transaction and commission costs because primary dealers are prohibited from charging its bidding customers fees. However, China could getting a better deal by keeping its purchases from Wall Street secret. Not only is China the largest U.S. creditor, it is the largest exporter to this country. The U.S.-China trade deficit widened to $51.8 billion in March up from $45.8 billion in February, growing at the fastest pace in the last ten months, according to the U.S. Commerce Department. "Unfortunately, by failing to address Chinese mercantilism and resulting trade deficit with China, the United States is getting too deeply in debt to the Middle Kingdom," says University of Maryland economics professor Peter Morici. "Granting it special status at Treasury is just another example of the policy of appeasement, pursued by both President's Bush and Obama." The change in U.S.-China policy was not disclosed publicly and only discovered recently after Reuters sifted through Treasury documents. But this nondisclosure is not unusual, according to Treasury. "Direct bidding is open to a wide range of investors, but as a matter of general policy we do not comment on individual bidders," says Matt Anderson, Treasury spokesperson, in a statement on the matter. In order to accommodate China, the U.S. Treasury Department had to upgrade its computer system to avoid hacking attempts. "It's also a big mistake to let the world's arch cybercriminal direct access to Treasury's computers," says Gordon. "What is Geithner thinking? He should know better, but then again he always lets the Chinese walk all over him." In a phone conversation with Treasury's Anderson, when asked to confirm whether any other government has similar access or about how this change in policy developed, he reverted to Treasury's aforementioned statement.