A $700 Billion Pandora’s Box
By Eddie Griffin
Tuesday, October 28, 2008
Bush administration puts pressure on banks
WASHINGTON – An impatient White House served notice Tuesday on banks and other financial companies receiving billions of dollars in federal help to quit hoarding the money and start making more loans.
"We're trying to do is get banks to do what they are supposed to do, which is support the system that we have in America. And banks exist to lend money," White House press secretary Dana Perino said.
"The way that banks make money is by lending money. And so, they have every incentive to move forward and start using this money," Perino said.
(Source: http://news.yahoo.com/s/ap/20081028/ap_on_bi_ge/financial_meltdown)
How can you command chickens when to lay eggs? Editor asks.
Under the authority of the $700 billion financial bailout plan approved by Congress and signed by President Bush earlier this month, the Bush administration plans to dole out $250 billion to banks in return for partial ownership. The Treasury Department, which is overseeing the massive capital injection program along with the rest of the bailout, will pour $125 billion into nine of the country's largest banks this week. Another $125 billion will go to other banks.
Treasury Secretary Henry Paulson has said the money would be used by banks to rebuild their reserves so that they would resume more normal lending practices — a crucial ingredient to breaking through a debilitating credit clog that is hurting the national economy and threatens to bring about a deep recession. More recently, though, Paulson said the money could be used by banks to buy other banks to make them both stronger to weather the financial storms.
On Friday, PNC Financial Services Group Inc. said it had received $7.7 billion in cash through selling stock to the government under the bailout program. PNC then said it planned to buy National City Corp. for $5.58 billion.
The tricky part is this: “to rebuild their reserves”. Before a bank can rebuild its reserves, it must restore its balance sheet by paying off debt.
If preferred stock value is recuperated in the transaction, then preferred shareholders recoup their loss before anyone else, unless there is a government stipulation otherwise.
HENCE NOT the henhouse is raided by the fox, the taxpayer bailouts out Wall Street first, even before considering the average ordinary American homeowners at risk.
Reported by Eddie Griffin (BASG)
PROOF LINE
The YouTube video in John McCain’s own words: McCain Voted With Bush 90% of the Time
Tuesday, October 28, 2008
NATIONAL BATTLE STATION ALERT!
DISMISS FALSE ACCUSATIONS OF FAVORITISM BY THE MEDIA
How to spot and deal with PROPAGANDA in the 11th Hour
McCain Lashes Out at News Media
NOTE THIS REPORT-
Yet another study backs up the contention that the mainstream news media's coverage of Democratic presidential nominee Barack Obama is more favorable than its coverage of Republican John McCain.
(http://www.onenewsnow.com/Election2008/Default.aspx?id=297778)
Poor John, the whole world is against him. But Big Bad John is crying fake tears about not being treated more favorable like the ever-popular Barack Obama.
John has a problem. First, he does not look presidential under pressure. He is high strung and ill tempered. Secondly, his Straight Talk Express is like Indian say: “Forked tongue”. Third, he is too militaristic in his foreign policy perspective, a saber-rattler and loose cannon.
Barack Obama is so well received around the world that he drew crowds of hundreds of thousands of people on his recent trip to Europe. He is well respected of other nations, a man with an air of peace, calm under pressure, consistency in vision, and analytical in his approach to solving problems.
The media cannot make Poor Joe beautiful. You cannot make a purse out of a sow's ear. Maybe he ought to try some of Sarah’s lipstick for pigs.
Fact is: John McCain is what he is. Judge for yourself.
DISMISS ALL FALSE ACCUSATIONS AGAINST THE MEDIA- Boycott FOX News
Signed,
Eddie Griffin (BASG)
How to spot and deal with PROPAGANDA in the 11th Hour
McCain Lashes Out at News Media
NOTE THIS REPORT-
Yet another study backs up the contention that the mainstream news media's coverage of Democratic presidential nominee Barack Obama is more favorable than its coverage of Republican John McCain.
(http://www.onenewsnow.com/Election2008/Default.aspx?id=297778)
Poor John, the whole world is against him. But Big Bad John is crying fake tears about not being treated more favorable like the ever-popular Barack Obama.
John has a problem. First, he does not look presidential under pressure. He is high strung and ill tempered. Secondly, his Straight Talk Express is like Indian say: “Forked tongue”. Third, he is too militaristic in his foreign policy perspective, a saber-rattler and loose cannon.
Barack Obama is so well received around the world that he drew crowds of hundreds of thousands of people on his recent trip to Europe. He is well respected of other nations, a man with an air of peace, calm under pressure, consistency in vision, and analytical in his approach to solving problems.
The media cannot make Poor Joe beautiful. You cannot make a purse out of a sow's ear. Maybe he ought to try some of Sarah’s lipstick for pigs.
Fact is: John McCain is what he is. Judge for yourself.
DISMISS ALL FALSE ACCUSATIONS AGAINST THE MEDIA- Boycott FOX News
Signed,
Eddie Griffin (BASG)
Monday, October 27, 2008
Battle of Texas: Part 2
Forth Worth Star-Telegram Endorses Barack Obama
By Eddie Griffin, BASG
Monday, October 27, 2008
FORT WORTH – Star-Telegram Endorses Barack Obama for President of the United States.
See it first online at http://www.star-telegram.com/225/story/996463.html.
HAT TIP to the Forth Worth Star-Telegram Editorial Board
Today, the American people aren’t just asking for change; they are demanding it.
The economic inequities are no longer tolerable. As remarkable as it is to say during a time when U.S. troops are actively engaged in wars on two fronts, Americans are looking for a visionary leader who will focus first on the daunting domestic financial crisis that has upended so many lives.
The nation has experienced the worst housing crisis since the Great Depression, an enormous stock-market plunge among the worst in history, record-high energy prices, and an ongoing war in Iraq that has exacted an agonizing cost in lives, dollars and international prestige.
Americans need new leadership.
For many of the same reasons that the Star-Telegram recommended Democrat Bill Clinton in 1992, it is recommending Democrat Barack Obama in 2008.
By Eddie Griffin, BASG
Monday, October 27, 2008
FORT WORTH – Star-Telegram Endorses Barack Obama for President of the United States.
See it first online at http://www.star-telegram.com/225/story/996463.html.
HAT TIP to the Forth Worth Star-Telegram Editorial Board
Today, the American people aren’t just asking for change; they are demanding it.
The economic inequities are no longer tolerable. As remarkable as it is to say during a time when U.S. troops are actively engaged in wars on two fronts, Americans are looking for a visionary leader who will focus first on the daunting domestic financial crisis that has upended so many lives.
The nation has experienced the worst housing crisis since the Great Depression, an enormous stock-market plunge among the worst in history, record-high energy prices, and an ongoing war in Iraq that has exacted an agonizing cost in lives, dollars and international prestige.
Americans need new leadership.
For many of the same reasons that the Star-Telegram recommended Democrat Bill Clinton in 1992, it is recommending Democrat Barack Obama in 2008.
AM I NOT AMERICAN, too?
By Eddie Griffin
Monday, October 27, 2008
As part of a great international campaign, AM I NOT HUMAN, I was forced to stop and ask myself: Why I am not as American as Sarah Palin and John McCain’s “Real American”. AM I NOT AMERICAN because I have the prefix of an African? Who is the Real American and why are the rest of us snubbed as sub-human Americans?
On Friday, I exercised my right to vote as an American citizen, without fear or intimidation, without bloodhounds and water hoses, without poll taxes and grandfather clauses, without lynching, but not without animosity, fear mongering, and slander.
The little old lady in this video at a Sarah Palin rally said, “I am afraid blacks will take over.”
Wherever did such fear arise? Who stoked this fire?
Of course, African-Americans would like to have a say in government, like anybody else. But a black “takeover” is a figment of someone’s wild imagination and weak conscious. This stoke of fear is aroused purely by skin color ideations and stereotypical prejudices.
Reminiscent of Joe McCarthy’s with hunt for Communists during the 1950s, Rep. Michele Bachmann (R-Minn.) suggested investigating all the members of Congress to see which were American and which were un-American. Now Bachmann is ready to eat her words and apologize to Barack Obama for calling him “un-American” (but only after dropping in the polls in her bid for reelection).
Is it no wonder that they claim that Barack Obama is a socialist who palls around with a domestic terrorist? “He is not like us,” claims Sarah Palin.
He is a Muslim. The same little old lady at the rally said as much: “This is a Christian nation, and I hear that Barack Obama is a Muslim.”
How could she reject the truth and the facts? Or, does truth and facts even matter?
Thirty percent of the American public still approve of George Bush’s handling of the presidency. Naturally, this would be part of the “Real America” of which McCain speaks, and rightfully so also the right extreme where a so-called “real red-blooded American” would never vote for a black man. This Real America can only exist in the eyes of those who see the rest of us as somewhat less.
Monday, October 27, 2008
As part of a great international campaign, AM I NOT HUMAN, I was forced to stop and ask myself: Why I am not as American as Sarah Palin and John McCain’s “Real American”. AM I NOT AMERICAN because I have the prefix of an African? Who is the Real American and why are the rest of us snubbed as sub-human Americans?
On Friday, I exercised my right to vote as an American citizen, without fear or intimidation, without bloodhounds and water hoses, without poll taxes and grandfather clauses, without lynching, but not without animosity, fear mongering, and slander.
The little old lady in this video at a Sarah Palin rally said, “I am afraid blacks will take over.”
Wherever did such fear arise? Who stoked this fire?
Of course, African-Americans would like to have a say in government, like anybody else. But a black “takeover” is a figment of someone’s wild imagination and weak conscious. This stoke of fear is aroused purely by skin color ideations and stereotypical prejudices.
Reminiscent of Joe McCarthy’s with hunt for Communists during the 1950s, Rep. Michele Bachmann (R-Minn.) suggested investigating all the members of Congress to see which were American and which were un-American. Now Bachmann is ready to eat her words and apologize to Barack Obama for calling him “un-American” (but only after dropping in the polls in her bid for reelection).
Is it no wonder that they claim that Barack Obama is a socialist who palls around with a domestic terrorist? “He is not like us,” claims Sarah Palin.
He is a Muslim. The same little old lady at the rally said as much: “This is a Christian nation, and I hear that Barack Obama is a Muslim.”
How could she reject the truth and the facts? Or, does truth and facts even matter?
Thirty percent of the American public still approve of George Bush’s handling of the presidency. Naturally, this would be part of the “Real America” of which McCain speaks, and rightfully so also the right extreme where a so-called “real red-blooded American” would never vote for a black man. This Real America can only exist in the eyes of those who see the rest of us as somewhat less.
Friday, October 24, 2008
The Battle of Texas: Part 1
By Eddie Griffin
Friday, October 24, 2008
Prayer for Barack Obama’s Grandmother, Madelyn Dunham and for the Nation... Eddie Griffin
FORT WORTH: Twitter-> Sitting at battle station: 10/24/2008 6:50 AM- The Battle of Texas is ON.
Stock Market drop 400 points in early trading. It closed yesterday: 173 points up. Financial cannibals could not resist all the federal fat on the pig.
Friday, October 24, 2008
Prayer for Barack Obama’s Grandmother, Madelyn Dunham and for the Nation... Eddie Griffin
FORT WORTH: Twitter-> Sitting at battle station: 10/24/2008 6:50 AM- The Battle of Texas is ON.
Stock Market drop 400 points in early trading. It closed yesterday: 173 points up. Financial cannibals could not resist all the federal fat on the pig.
Thursday, October 23, 2008
Hope & Love Shall Overcome Hate & Fear
A Prayer
By Eddie Griffin
Thursday, October 23, 2008
God bless America. Sing it. But do you believe it?
The Star-Telegram opened an editorial this morning with: Get a grip. A newspaper that incites division and animosity should suddenly call for peace and harmony. It is the classic story of Pandora’s Box.
What is unleashed upon America is screaming voices that exceed decibels. It is a screaming in the mind, asking: How did we get here? Are we insane?
The Viper and the Venom
"A clear and present danger"
By Eddie Griffin
Thursday, October 23, 2008
God bless America. Sing it. But do you believe it?
The Star-Telegram opened an editorial this morning with: Get a grip. A newspaper that incites division and animosity should suddenly call for peace and harmony. It is the classic story of Pandora’s Box.
What is unleashed upon America is screaming voices that exceed decibels. It is a screaming in the mind, asking: How did we get here? Are we insane?
The Viper and the Venom
"A clear and present danger"
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