US losses will top $400 billion on Fannie Mae and Freddie Mac

See also:- Peter Schiff on Obamacare, Freddie Mac & Fannie Mae: The Nightmare Before Christmas- Obama administration backs Fannie Mae and Freddie Mac no matter how big their losses may beA pedestrian walks past Fannie Mae headquarters in Washington, D.C., on Sept. 7, 2009. (Bloomberg) Dec. 31 (Bloomberg) — Taxpayer losses from supporting Fannie Mae [...] continue reading the breaking news

Afghan CIA suicide bomber ‘was courted as potential informant’

The victims have not been named in order to protect CIA operationsThe suicide bomber who killed seven CIA agents in Afghanistan had been courted by the US as a possible informant, US intelligence sources have said.They said he had not undergone the usual full body search before entering the base in Khost province, and [...] continue reading the breaking news

Happy New Year From War President Obama!

Source: deviantArtMore info on the elite puppet President Barack Obama:- Treason: Obama gives INTERPOL immunity from the Constitution (Amending Executive Order 12425)- Peter Schiff on Obamacare, Freddie Mac & Fannie Mae: The Nightmare Before Christmas- Obama administration backs Fannie Mae and Freddie Mac no matter how big their losses may be- Rep. Dennis Kucinich: US [...] continue reading the breaking news

The 56 Trillion Dollar Deficit

Bill Maher Interviews Fmr. Comptroller General David Walker about the huge deficit in America.Source: YouTube(CNN) — The Emergency Economic Stabilization Act contains plenty to make lawmakers on the left and right shudder. On the right, it’s the apparent abandonment of free-market principles. On the left, it’s the absence of punishment for high-flying Wall Street CEO’s.Looking [...] continue reading the breaking news

Secret White House memo endorsed waterboarding

A paper trail on the use of waterboarding and other controversial interrogation techniques by the CIA is emerging in the USThe Bush administration sent two secret memos endorsing the use of waterboarding against al-Qaida suspects, according to today’s Washington Post. They were prompted by worries within the CIA that the administration might later distance itself [...] continue reading the breaking news

Smaller Banks Resist Federal Cash Infusions

Community banking executives around the country responded with anger yesterday to the Bush administration’s strategy of investing $250 billion in financial firms, saying they don’t need the money, resent the intrusion and feel it’s unfair to rescue companies from their own mistakes.But regulators said some banks will be pressed to take the taxpayer dollars anyway. [...] continue reading the breaking news

Chicago mayor to shut down government for six days

CHICAGO (Reuters) - Facing a huge hole in Chicago’s current and upcoming budgets, Mayor Richard Daley announced on Tuesday a plan to partially shut down city government for six days.Along with several other measures, the mayor’s plan was aimed at saving $62 million for the city’s corporate or operating fund, which currently faces a $469 [...] continue reading the breaking news