~Oneazn2nv

2004 hearings of Fannie Mae and Freddie Mac.  I need to do more research and listen to the entire clips of these hearings.  Even though the youtube posting is bias, it is interesting that these hearings haven't been brought more to light in the recent crisis.

~Oneazn2nv

Congress is trying to move to pass a this $700 Billion bailout as quickly as possible... Does anyone else see this???

Don't believe me? read this article:

http://www.msnbc.msn.com/id/26855266/

Judging by the amount of money and the 56 members of congress with invested interest into AIG, it would seem to me to be a conflict of interests to allow them to allocate federal money to bail out AIG.

I just know something is wrong here and we're being told otherwise.  Isn't it obvious to anyone else?

1. Congress should not be bailing out stocks that they own.  This is a conflict of interests.
2. Congress is trying to come up with a plan in a week.
3. The tax payers, you and me, will be paying for this $700 billion bailout.

Wake up America, financial war has been waged against us.  We should be outraged.

~Oneazn2nv

I found an article naming some the members of congress and the Senate who have invested stake in the well being of AIG.  So you wonder why the government decided to bailout AIG?  Here's an interesting idea... I don't see anyone making the connection on any of the news sources... but you just put 2 and 2 together.

56 members of the house of representatives, Both Republican and Democrats have a lot of invested interest in this.  If you ask me, this bailout is CRIMINAL!

Article below comes from:

http://www.bloomberg.com/apps/news?pid=20601103&sid=aSEtGBXG0C0s&refer=us

The more I dig, the more I find...

Pelosi, Kerry May Share Pain as AIG Stakes Evaporate (Correct)

By Jonathan D. Salant

(Corrects Sept. 19 story to show Hayes is from North
Carolina in 11th paragraph.)

Sept. 19 (Bloomberg) -- The market storm that brought down
Lehman Brothers Holdings Inc., American International Group Inc.
and other pillars of U.S. finance may have also blown holes in
the portfolios of House Speaker Nancy Pelosi, Senator John Kerry
and more than 50 other members of Congress.

Pelosi, in her most recent financial disclosure form,
reported that her husband owned between $250,000 and $500,000 of
stock in AIG, which ceded majority control to the U.S.
government this week in exchange for $85 billion of loans.

Kerry, the 2004 Democratic presidential nominee, disclosed
that his wife, Teresa Heinz Kerry, had more than $2 million of
AIG stock at the end of 2007, when shares were worth $58.30. AIG
has fallen 85 percent this week to close yesterday at $2.69. The
lawmakers' aides didn't respond to calls seeking comment.

Altogether, 56 senators and representatives had stakes in
AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns Cos. or
IndyMac Bancorp Inc. -- some of the biggest casualties of the
market bloodbath -- according to the Center for Responsive
Politics. The most recent annual disclosure filings list
investments as of Dec. 31, 2007, and reveal the size of holdings
only within a range of values. Lawmakers may have sold shares
since then.

``Lawmakers, like everyone else in America who has any kind
of retirement portfolio or stock holdings, are going to be
suffering,'' said Gary Kalman, a lobbyist for the Boston-based
U.S. Public Interest Research Group, a consumer-advocacy
organization. ``This is a serious issue. We need to have a
serious response.''

Market Plunges

The Standard & Poor's 500 Index plunged 7.6 percent during
the first three days of this week on news that Lehman and
Merrill Lynch & Co. -- which survived two world wars and the
Great Depression -- were finished as independent investment
banks.

Lehman filed history's biggest bankruptcy case on Sept. 15
and Merrill sold itself to Bank of America Corp. Even after
rallying yesterday, the S&P 500 is down almost 25 percent from
its October 2007 peak.

Lehman shares, which traded for as much as $67.73 last
November, closed yesterday at 5 cents. Merrill's shareholders
are in better shape. To avoid Lehman's fate, Merrill agreed to
be acquired in a stock-swap worth $26.28 per share at
yesterday's closing prices. In better days, Merrill soared to as
much as $98.68 in January 2007.

Bear Stearns was the first Wall Street titan to fall as
home-loan defaults battered the market for mortgage-backed
securities and started a chain reaction that devastated credit
markets. JPMorgan Chase & Co. bought Bear Stearns in March.

Government Takeover

Earlier this month, the government took control of Fannie
Mae and Freddie Mac, which together accounted for almost half of
the U.S. home-loan market. Fannie Mae shares had already
plummeted more than 80 percent this year, to $7.04 from $39.98,
before the government's Sept. 7 takeover was announced. Shares
dropped to 73 cents when trading resumed the next day. Freddie
Mac fell to 88 cents, after starting the year at $34.07.

Representative Robin Hayes, a North Carolina Republican,
had Congress's biggest AIG stake, according to the Washington-
based Center for Responsive Politics. Hayes's AIG stock was
worth between $2.8 million and $11.5 million.

John McCain, the Republican presidential nominee, avoided
potential losses. Because of the Arizona senator's run for the
White House, his wife, Cindy, last year liquidated a blind trust
that had contained stock in AIG, Fannie Mae, Freddie Mac and
Lehman. The amounts of stock she had owned weren't disclosed.

Representative Jane Harman, a California Democrat, owned
between $50,000 and $100,000 of Lehman shares, according to her
disclosure form. Calls to offices of Hayes and Harman weren't
returned.

Pasadena, California-based IndyMac's bank was seized by
U.S. regulators in July, in the third-biggest U.S. bank failure.
IndyMac stock closed yesterday at 6 cents, after trading earlier
this year for as much as $11.32.

To contact the reporter on this story:
Jonathan D. Salant in Washington at
jsalant@bloomberg.net.

Last Updated: September 23, 2008 09:59 EDT

~Oneazn2nv

One of my last blogs, I wrote about a 98 billion dollar bailout for
AIG... That's nothing compared to what's coming... 700 Billion...

Sept. 24 (Bloomberg) -- The FBI is investigating Fannie
Mae, Freddie Mac, Lehman Brothers Holdings Inc. and American
International Group Inc. in its probe of the collapse of the
subprime-mortgage market, according to a senior law-enforcement
official.

Those companies are among 26 being reviewed by the Federal
Bureau of Investigation for possible accounting misstatements,
said the official, who asked to remain unidentified. The
investigations are preliminary, the official said late
yesterday.

The FBI has come under pressure to hold companies
responsible as the loan crisis rocked Wall Street and led to the
biggest housing slump since the Depression. Financial companies
worldwide have reported more than $500 billion in losses and
writedowns stemming from the subprime collapse.

Housing lenders Freddie Mac and Fannie Mae, as well as
insurer AIG, were all taken over by the government earlier this
month. Lehman filed for bankruptcy. The crisis has led the Bush
administration to ask Congress to approve a $700 billion bailout
for the financial industry...

Read more at the link below:

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_oZZHsX.QIM&refer=home

~Oneazn2nv

I first liked this guy when he sang Poke'mon's theme song.

I recently noticed he posted a song "heart of Worship" in dedication to his father.

hope you like him.

~Oneazn2nv

Where does our American Federal Reserve get the money to bailout these financial giants?  $85 billion  bailout for AIG Executives  ...  Something is wrong with that.

How about a federal bailout of California's 11 billion defecit and curb the loss of government workers jobs?

Good game America

~Oneazn2nv

Yes the kite is bigger than me.

Jeanny flying the kite.

~Oneazn2nv

I felt sick waking up this morning.  I had a headache and felt like I couldn't make it to work.  Then I remembered.  If I don't go to work, then I can't get a free cup of Pete's Coffee and my headache will persist.

So here I am at work just for my morning cup of coffee.

~Oneazn2nv

Here's another tribute to another great song by the Goo Goo Dolls

~Oneazn2nv