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This is actually the first time I've seen the infamous "resuscitation scene."
Absolutely 100% fake.
I've seen better fake resuscitation attempts on TV dramas.
Sorry to go OT: so quick, but the news is breaking that the Treasury is probably going with the "bad bank" option as early as next week to deal with the banking situation.
SAN FRANCISCO (MarketWatch) - Shares of big banks including Citigroup Inc. and Bank of America jumped during late trading Tuesday after a report that a government plan to buy toxic assets from the industry may be unveiled next week.
The Obama administration is close to deciding on a plan to purchase non-performing and illiquid assets from banks and the proposal could be announced early next week, CNBC reported late Tuesday, citing unidentified industry sources.
The so-called "bad bank" plan, would address the key problem of how to price the assets by using a model-pricing mechanism, CNBC said.
The model would take into account the government's ability to hold the assets, even to maturity, and pay for them with cheap funding. That could mean the government pays more than current market prices for the securities, CNBC explained. However, if the government ends up paying less than the value at which the assets are carried on banks' books, the banks would issue common equity to the government, CNBC reported.
The Treasury's Troubled Asset Relief Program has already invested more than $150 billion in banks, but that was done through preferred shares being sold to the government. There's now a growing feeling that preferred equity isn't enough to make the banks healthy, CNBC said.
So far the futures market has jumped way up 1% or so tonight on this news.
The American taxpayer is about to become a big common stock owner in the banks
This is actually the first time I've seen the infamous "resuscitation scene."
Absolutely 100% fake.
I've seen better fake resuscitation attempts on TV dramas.
Sorry to go OT: so quick, but the news is breaking that the Treasury is probably going with the "bad bank" option as early as next week to deal with the banking situation.
So far the futures market has jumped way up 1% or so tonight on this news.
The American taxpayer is about to become a big common stock owner in the banks
I'm so relieved. The first 350 billion worked so well, can't wait to give some more of it away. I was afraid that the government was just going to sit on it.
Thanks for the link, Charles! And thanks everyone for the feedback--particularly on the difficulty getting the video to play.
I had hoped that Blip.TV would be a good replacement went Brightcove, my previous host, went to a pay-to-play plan, but it looks like a fair number are having problems getting the video to load.
Sorry to go OT: so quick, but the news is breaking that the Treasury is probably going with the "bad bank" option as early as next week to deal with the banking situation.
The reality is this - since 2004, "Our side" has been able to get "Picture Kills" when the stink gets TOO OBVIOUS. Next goal should be "B.S. Kills." We will get there, in time. Probably in about 20-40 years. That is all.
Shame this won't get out- just like the truth on the chicago gangster B. Hussien O.- so what else is new. Great that we can see it and confirm the liberal lies anyway.
Thanks for the link, Charles! And thanks everyone for the feedback--particularly on the difficulty getting the video to play.
I had hoped that Blip.TV would be a good replacement went Brightcove, my previous host, went to a pay-to-play plan, but it looks like a fair number are having problems getting the video to load.
I had no problems - very good vid! I'm thinking my Windows Vista made playing the vid easy. Heh heh heh.
The Demonrat Commie Socialists are destroying America!
Using long, drawn-out processes to put money into circulation to meet an emergency is like mailing a letter to the fire department to tell them that your house is on fire.
If you cut taxes tomorrow, people would have more money in their next paycheck, and it would probably be spent by the time they got that paycheck, through increased credit card purchases beforehand.
If the Beltway politicians aren't really trying to solve this crisis as quickly as they could, what are they trying to do?
One important clue may be a recent statement by President Obama's chief of staff, Rahm Emmanuel, that "A crisis is a terrible thing to waste." What are the Beltway politicians buying with all the hundreds of billions of dollars they are spending? They are buying what politicians are most interested in-- power.
In the name of protecting the taxpayers' investment, they are buying the power to tell General Motors how to make cars, banks how to bank and, before it is all over with, all sorts of other people how to do the work they specialize in, and for which members of Congress have no competence, much less expertise.
This administration and Congress are now in a position to do what Franklin D. Roosevelt did during the Great Depression of the 1930s-- use a crisis of the times to create new institutions that will last for generations.
Read Thomas Sowell's column-
[Link: townhall.com...]
Picture Kill is an outstanding presentation of Charles' excellent research and exposure of MSM fraud. Congrats and thanks to both of you for your excellent work.
You will have to give even one example of US Federalization that has been NOT permanent. I think we are really deep in the weeds with this panic.
You and I may not want to be fascists, but we are going there nonetheless by all indication
Shadow -
A Lousy Example, and an example nonetheless - CHRYSLER - 1979-83. Think of it, as a New Chapter in the Bankruptcy Code - "Conservatorship"is my favorite term - IF the assets are resold to the free market.
Federalizing banking, not to mention other industries, is different from fascism just how? Serious question. Serious consequences.
I know.
We were looking for ways, some covert, others overt, that the ''baby boomers could be MORE screwed than they have been all of their lives.
(You might not know just how often a tax credit or other government assist came along JUST AFTER the bulk of the boomers had no need for it...but it happened a lot!)
I think this is the way the government destroys social Security for the boomers without it looking like that's what they did.
Eventually, we will find out that none of us will get what we paid in.
Meanwhile all of us ''smart'' enough to have tried to save lost 50% or more of the value of our savings.
Golly willikers!
Maybe the lady who said she simply wasn't worried at all now that 0bama was elected because he would pay her mortgage and heating bill had it right.
Maybe I will dump all my assets into charity and throw myself on the mercy of the state.
Nah!
Euthanasia is next.
I have actually seen that "CPR technique" before. It was being used by someone who had no idea how to perform CPR on an epileptic who had just collapsed from a seizure, and who did not need CPR. (It ended OK.)
That video could be used as evidence in a malpractice suit against the doctor.
Mr. Driscoll has good material but desperately needs a voice coach: his voice jumps two octaves when is trying to explain something, makes him sound like he is doing a student bit in high school.
As much as I enjoy seeing Charles (and Zombie) getting so many nods for there work in Driscoll's piece here, I find it both sad a pathetic that there are so few corrective sources to cite when doing a piece on MSM malfeasance.
Good vid, Ed.
How come no one seems to remember Operation: Tailwind?
The story that Peter Arnett told of US operational use of Nerve Gas in Vietnam?
Of course the world still believes that crap even after CNN retracted...
Good video. I don't use myspace much, but I am embedding this video on my profile anyway. Maybe more will see it there.
Thank God for bloggers, especially LGF. I hate to see newspapers and other print media go since they are real hard copies of history, but if they can't factually report the history, good riddance. And that goes for the MSM on TV and online too. Since they have agendas and shareholders to keep happy, truth can hurt both. Good riddance.
Truth Bloggers have recreated what journalism has long lost, integrity and facts.
Great production on a subject not many are willing to
broadcast. You won't find Mr. Driscoll's production on the MSM networks.
Kudos Charles and Zombie!
I turned off my tv in 2007, strictly get my news from the internet and daily I am dismayed at the level of non-journalistic integrity everywhere. As we know the entire 2008 campaign will go down as the greatest bloodless media coup of the US Government. Just hope their man doesn't disappoint them. Oops I spoke to soon, polls show a 15% drop already, still over 70%, but hey that was week one. Cheers to my friends.
Palestinian medicine must certainly be the best in the world, even better than in Israel. I've seen dead Palestinians revive from stretchers and run off, old women that have survived teh destruction of dozens of houses, and badly wounded Palestinian fighters heal in moments, as if by magic.
Such are the wonder of Pallywood. This is the Holy land after all, so the locals have plenty of experience in such miraculous matters.
For my taste, these solos (of some 50s blues guitarists) are exemplary because what is being played seems honest and, in a musical way, a direct extension of the personality of the men who played them. -- January 1977.
Frank says: