Posted by: Disillusioned | May 25, 2009

Tribute to Memorial Day

Tribute to Memorial Day

There is a lot going on.  Just to catch you up on recent happenings:

North Korea conducted a nuclear test and reportedly fired three short-range missile shortly afterwards.  http://www.reuters.com/article/politicsNews/idUSTRE54O14220090525?feedType=RSS&feedName=politicsNews&sp=true

http://www.bloomberg.com/apps/news?pid=20601087&sid=aKS4lyOHwn9k&refer=worldwide

Iran sends six ships to international waters:  http://in.reuters.com/article/worldNews/idINIndia-39868320090525

Israeli planes drop pamphlets warning people to stay away from the borders:  http://www.jpost.com/servlet/Satellite?cid=1242212461916&pagename=JPost%2FJPArticle%2FShowFull

Riots in India:  http://www.alertnet.org/thenews/newsdesk/LP30824.htm 

Total banks siezed so far this year is 36:  http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a42Xg57jVTzM

Of those 36 banks, one in Florida will cost FDIC $4.9 Billion:  http://finance.yahoo.com/news/Floridas-BankUnited-fails-apf-15325280.html

Bomb explodes outside of New York’s Starbucks:  http://www.nydailynews.com/news/ny_crime/2009/05/25/2009-05-25_small_bomb_goes_off_outside_upper_east_side_starbucks.html

The Dollar Declines:  http://finance.yahoo.com/news/Dollar-hits-09-low-on-rating-rb-15325222.html?.v=3

Option ARM Mortgages dues to explode shortly:  http://www.businessinsider.com/here-comes-the-option-arm-mortgage-explosion-2009-5

Senate approves $91.3 Billion to fund both wars:  http://news.yahoo.com/s/ap/20090522/ap_on_go_co/us_congress_war_funding;_ylt=Ala37mtGSHTgcMNKuMnlYrys0NUE;_ylu=X3oDMTJwdmJhb3Q5BGFzc2V0A2FwLzIwMDkwNTIyL3VzX2NvbmdyZXNzX3dhcl9mdW5kaW5nBGNwb3MDMwRwb3MDMTAEc2VjA3luX3RvcF9zdG9yeQRzbGsDc2VuYXRlcGFzc2Vz

And most interesting:  When TARP money is repaid, it does not go to pay off the federal debt as told to us, but rather put into a fund that the fed can re-loan or re-invest as it sees fit.  At 1:39:00  and 1:48:25 of the video.

http://www.c-span.org/Watch/Media/2009/05/20/HP/A/18809/Senate+Banking+Cmte+Hearing+on+TARP+Oversight+with+Sec+Geithner.aspx

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