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Day of Reckoning

Day of Reckoning

State of Emergency

State of Emergency
November 2nd, 2009

The American Way of Abandonment

By Patrick J. Buchanan

When America is about to throw an ally to the wolves, we follow an established ritual. We discover that the man we supported was never really morally fit to be a friend or partner of the United States.

November 2nd, 2009

VIDEO: Pat Buchanan: Generals Trying to Jam Obama’s Line on Troop Deployments

Buchanan: Obama is not strong enough to stand up against the Pentagon… The generals will win this battle.
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November 2nd, 2009

VIDEO: Operation Illusory Control

Nothing to see here folks…. Just keep shopping!
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November 2nd, 2009

Barack Obama Continues Bush Administration Policy Regarding Posse Comitatus

by Joe Wolverton, II – The New American

Bush-ObamaIt has been just over one year since the U.S. Army announced that the 3rd Infantry Division’s 1st Brigade Combat Team was being placed under the direct control of the US Army Northern Command (NORTHCOM), and was being indefinitely reassigned as an “on-call federal response force” for emergencies of all sorts, natural and man-made, including terrorist attacks, within NORTHCOM’s area of responsibility — the United States, Mexico, and Canada.

Although the assignation went mostly unheralded at the time, it marked the first time in the history of the United States that an active unit of the regular Army was placed under the immediate and exclusive command of NORTHCOM.

November 2nd, 2009

Goldman Takes On New Role: Taking Away People’s Homes

By Greg Gordon — McClatchy Newspapers

When she wrote to [Henry aka Hank] Paulson,  lawyers for Goldman denied that it owned the Beckers’ mortgages. So did Germany’s Deutsche Bank, a trustee that was holding thousands of subprime mortgages Goldman had converted to bonds….

Vistims of Goldman Sachs

Tony and his wife, Celia

When California wildfires ruined their jewelry business, Tony Becker and his wife fell months behind on their mortgage payments and experienced firsthand the perils of subprime mortgages.

The couple wound up in a desperate, six-year fight to keep their modest, 1,500-square-foot San Jose home, a struggle that pushed them into bankruptcy.

November 2nd, 2009

Obama’s Latest Use of “Secrecy” to Shield Presidential Lawbreaking

by Glenn Greenwald – Salon

What was once depicted as a grave act of lawlessness — Bush’s NSA program — is now deemed a vital state secret.

The Obama administration has, yet again, asserted the broadest and most radical version of the “state secrets” privilege — which previously caused so much controversy and turmoil among loyal Democrats (when used by Bush/Cheney) — to attempt to block courts from ruling on the legality of the government’s domestic surveillance activities. Obama did so again this past Friday — just six weeks after the DOJ announced voluntary new internal guidelines which, it insisted, would prevent abuses of the state secrets privilege. Instead — as predicted — the DOJ continues to embrace the very same “state secrets” theories of the Bush administration — which Democrats generally and Barack Obama specifically once vehemently condemned — and is doing so in order literally to shield the President from judicial review or accountability when he is accused of breaking the law.

November 2nd, 2009

The Truth About the Middle East is Buried Beneath the Headlines

by Robert Fisk – The Independent, UK

Can you imagine the uproar if Reuters referred to the “mass killing” of Jews by Germans with the words: “Jews say it was a genocide, a term right-wing Germans and neo-Nazis reject….

Amira Hass was spot on when she said last week that her lifetime women’s award was an award for failure. The West Bank correspondent of the Israeli paper Haaretz eloquently explained herself on al-Jazeera’s English channel. She received an award for failure, she said, because despite all the facts that she and her journalistic colleagues had explained about Israeli occupation in Palestine, the world still did not understand what occupation meant and still used words like “terror” and “war on terror”. Amira was absolutely correct. Most of our Western press and television are as gutless as ever when they have to participate in what Noam Chomsky described as “the manufacture of consent”.

November 2nd, 2009

How Goldman Secretly Bet on the U.S. Housing Crash

by Greg Gordon – McClatchy Newspapers

Despite updating its numerous disclosures to investors in 2007, Goldman never revealed its secret wagers….

WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.

Goldman’s sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation’s premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies.