Obama Administration Using Accounting Gimmicks That Would Make Enron ‘Blush,’ Says Republican Lawmaker

Fannie Mae headquarters in Washington, D.C.(CNSNews.com) - Rep. Jeb Hensarling (R-Texas) says the Obama administration is using an accounting “gimmick” in its budget by not including the debt owed by mortgage firms Fannie Mae and Freddie Mac. “The accounting gimmicks that are used today would make an Enron and WorldCom accountant blush,” Hensarling told reporters. [...] continue reading world news

Rep. Ron Paul Grills Ben Bernanke on Saddam Hussein, Watergate and the Fed

Added: 24. Februar 2010 continue reading world news

US: New-home sales fall to record-low level

Tax credit can’t halt decline to 309,000 annual pace in JanuaryWASHINGTON (MarketWatch) — Sales of new U.S. homes plunged 11.2% in January to a seasonally adjusted annual rate of 309,000, the lowest rate on record dating back to 1963, the Commerce Department estimated Wednesday.The third-straight drop in sales on a month-to-month basis was unexpected. [...] continue reading world news

In The Worst Possible Moment, Fitch Downgrades Greece’s Largest Banks To BBB

Bund Spread Jumps 10 Bps To 325 And just as Greece was about to launch its 10 year bond offering… Where is Papandreou to claim that Fitch was bought by all the accounts (who may or may not invest in the €5 billion issue) to make the price even better. Because the spread to Bunds [...] continue reading world news

New York State Comptroller DiNapoli: Wall Street Bonuses Rise 17%

- US: Wealth Disparities Approaching 1920s LevelsThomas DiNapoli, New York State comptroller, listens during an editorial board meeting in New York, on June 1, 2009. (Bloomberg)Feb. 23 (Bloomberg) — Wall Street bonuses rose 17 percent in 2009 from a year earlier as the securities industry rebounded from the financial crisis, New York State Comptroller Thomas [...] continue reading world news

US: Millions of Unemployed Face Years Without Jobs

“There are no bad jobs now. Any job is a good job,”… To get Americans to accept this survival mentality is the next step planned by the elitists, in achieving their goal to turn Americans into slaves.The plan is to bankrupt America, so that Americans will be so poor - within the next 2-3 years [...] continue reading world news

Gordon Brown Praises New World Order (19 Feb 2010)

The government and the Bank of England are bankrupting the UK and destroying the pound, forcing the New World Order as SOLUTION upon the people.Added: 19. Februar 2010The government and the Bank of England are destroying the UK:- Britain At Risk Of Worse Government Debt Crisis Than Greece- UK Annual Inflation Jumps, Prompts Bank Of [...] continue reading world news