Pelosi Advocates Greater Government Investment in Banks: ‘Some People Call That Nationalization’

Duhhhh, heil hilter sweeper of the house!

From CNSNews
:

House Speaker Nancy Pelosi, describing the U.S. economy as “dark, darker, darkest,” indicated that further nationalization of American banks may be necessary, although she shied away from using the word “nationalization.”

Pelosi also told ABC’s George Stephanopoulos that investing in food stamps and unemployment insurance would be more effective in stimulating the economy than any tax cut would be.

I am your leader, ha, and you will take my help, ha. You will not resist, ha. You will follow, ha. We will control, we will control!!!!

Asked if it’s a good idea to “have nationalization or partial nationalization of the banks,” Pelosi responded, “Well, whatever you want to call it….If we are going to put money into the banks, we certainly want equity for the American people.

“In other words, if we are strengthening them (the banks), then the American people should get some of the upside of that strengthening. Some people call that nationalization. I’m not talking about total ownership… Now how big that investment becomes is — would we have ever thought we would see the day when we’d be using that terminology? Nationalization of the banks.”

Welcome to the 21st century folks, please follow the link and read on MacBeth. 🙂
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Financial blogger’s arrest tests Korea’s progress on human rights

The sky is falling, the sky is falling!!!

From csmonitor:

Seoul, South Korea – The global economic crisis has resulted in the arrests of high-flying financial wizards on charges of stealing billions, caused economic suffering for millions, and sent thousands into bankruptcy.

Now, in this hard-driving society, touted for a “miracle” economy, the plunge has claimed its unlikeliest victim.

He’s an Internet blogger whose offense was to forecast doom and gloom laced with acerbic criticism of the government of President Lee Myung-bak, a conservative with a background in big business.

The blogger, who spread his often accurate and negative estimates under the code name Minerva, the Roman goddess of wisdom, sits in a tiny cell awaiting his first hearing this week on charges of spreading false rumors that prosecutors say hurt the economy to the tune of billions of dollars.

At stake, though, is not so much whether Minerva, a junior college graduate with no professional credentials, skewed the economy as whether Korea may reverse 22 years of advances in human rights.

“He says the government is not reliable, is not honest and is corrupted,” says his lawyer, Park Chan-jong. “He wrote on the Internet the truth. The mainstream of his writing is true.”

The blogger was able to forecast the demise of Lehman Brothers five days before its collapse, and his blog garnered 40 million hits before his arrest Jan. 7.

Ok, ya all might think this is a bit cruel, but the way our “lame stream media” has been behaving lately, I’d sure like to put the fear of God in all of their left wing snooty lives. Responsible writing is one thing, and abuse is abuse no matter what form it comes in.

But prosecutors say Minerva – who never wrote under his real name, Park Dae-sung, but claims sole responsibility for his musings – exercised a “grave influence” on the foreign-exchange market by falsely claiming that the government was asking banks not to buy dollars. The result, they say, was market unrest responsible for the depletion of foreign-exchange reserves to the tune of $2 billion.

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Border Patrol whistle-blowers, feds close to a settlement

From The Virtuous Republic

The point?  We need a legal process and limited immigration into this country.

For the life of me, the same people who push birth control in the

third world, so that the poor bastards can feed the children they
already have, or to relieve over-crowding, are the same idiots here who
have no problem with our open border policy.

Illegal immigration crowds our nation, takes jobs from American citizens, and adds to the crime rate.A few cases in point:• Identity theft

He had $800,000 in loans using some poor schmuck’s social security
number. Were you that poor schmuck? And have you checked your credit
score lately?

This guy was only convicted

of resisting arrest, violence against a police officer, and possessing
a firearm by an illegal immigrant.  Oh, and he ignored a deportation
order for nearly 20 years.  Maybe he was your neighbor?

Convicted rapist reenters the United States, illegally of course.  Did he live close to your wife or daughters?• Hit and run illegal kills American citizen.  How many unlicensed, uninsured illegals drive past you each day?

**This was a production of The Coalition Against Illegal Immigration
(CAII). If you would like to participate, please go to the above link
to learn more. Afterwards, email brianbonner90-at-gmail-dot-com and let
us know at what level you would like to participate.

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Ukraine siphons Russian gas shipment

We sure live in interesting times!

From The Washington Times:

Ukraine has siphoned some of Russia’s natural gas shipments to the Balkans, the Russian gas monopoly Gazprom said late Friday – a day after it cut supplies to Ukraine in a contract dispute.

But Ukraine’s Naftogaz company said it was only using some of the gas Russia pumps through the country to keep its pipeline system operating, and that it should not be blamed for the supply reductions to the Balkans. Naftogaz said it was Gazprom’s duty to ship this so-called “technical” gas.

Naftogaz uses the same pipeline system to serve both domestic and transit gas customers.

Gazprom Deputy Chairman Alexander Medvedev urged Ukraine to comply with agreements to maintain shipments, saying Balkan countries were “suffering” from a reduction in supplies.

Romania marked a 30-40 percent drop in Russian supplies Friday evening, the country’s Transgaz transport company said, according to Realitatea TV.

Poland saw a 6 percent decrease in the gas flow from Ukraine, according to the Polish gas monopoly PGNiG and pipeline operator OGP Gaz-System.

Customers in both Poland and Romania have not been affected, however. Transgaz’ managing director Ioan Rusu told Realitatea TV that Romania had two days worth of supplies to meet customer needs. And the Polish gas interests said the country was making up the 6 percent deficit with supplies from another receiving point on the border with Belarus.

Meanwhile, Ukrainian officials were visiting European capitals Friday to argue their case in the dispute with Russia. They also were reassuring neighbors that Kiev would not interrupt gas supplies, according to Bohdan Sokolovsky, energy adviser to Ukrainian President Viktor Yushchenko.

I tend to side with the Ukraine against Russia because of their consitent use of Their gas pipeline to intimidate Europe, but we will have to wait and see.

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Israeli ground forces enter Gaza in escalation

I don’t know how this is going to turn out…

From The Washington Times:

Israeli tanks and infantry entered Gaza after nightfall Saturday, launching a ground offensive that the military said would be a “lengthy operation” in a widening war on Gaza’s Hamas rulers.

Heavy gun battles were reported as troops crossed the border into Gaza. Local TV networks broadcast images of troops marching into Gaza after dark.

“We have many many targets,” Maj. Avital Leibovich told CNN. “To my estimation, it will be a lengthy operation.” She said the goal of the operation was to take over the areas used by militants to launch rockets against Israel.

“The civilians are not our target, only militants, Hamas militants,” she said.

To prove their statement…

Also from The Washington Times:

With its tanks and troops poised for days at the Gaza frontier, Israel signaled Friday – by allowing hundreds of Palestinians with foreign passports to escape the coastal strip – that it might give the go-ahead for a ground invasion of the embattled Arab territory.

Among those allowed to leave were 27 U.S. citizens and members of their families whom the State Department said it helped get out of Gaza and would send to Jordan. The department said it stood ready to help others flee the Israeli bombardment.

All I know is This time Israel had better be successful, they cannot suffer another defeat after Lebanon. That said, how long do you think we would put up with a neighboring country’s terrorists launching rockets in to the U.S.?

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