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Obama plan to help US mortgage giants warned to cost $5 Trillion

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Treasury Secretary Tim Geithner (r.) and the National Urban League's Marc Morial watch as PIMCO's Bill Gross speaks during the Obama administration's Conference on the Future of Housing Finance in the Cash Room of the Treasury Building in Washington, Tuesday. The Obama administration turned its focus on what to do with mortgage giants Fannie Mae and Freddie Mac. The Obama administration... 

Goldman Sachs reveals where bailout cash went

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Goldman Sachs received a $12.9 billion payout from the government's bailout of AIG, which was at one time the world's largest insurance company. Goldman Sachs sent $4.3 billion in federal tax money to 32 entities, including many overseas banks, hedge funds and pensions, according to information made public Friday night. Goldman Sachs disclosed the list of companies to the Senate Finance Committee... 

Clinton Unveils $500 Million in Aid Projects for Pakistan

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Secretary of State Hillary Clinton on Monday unveiled $500 million worth of civilian aid projects for key ally Pakistan, in an attempt to counter rampant anti-Americanism in the country by reaching out to the population with tangible help. The aim of the projects was to show that the U.S. relationship “goes far beyond security,” and they ranged from restoring a historical fort to boosting... 

Israel To Get Largest Ever Military Handout From US

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The United States plans to provide Israel with its most extensive military aid package in history. The US Assistant Secretary of State, Andrew J. Shapiro claims that the increased US military assistance should help Tel Aviv reach tough decisions in peace talks with the Palestinians. He said that there is “hope that the administration’s expanded commitment to Israel’s security... 

Schwarzenegger to Obama: Bailout CA or People will riot!

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So, after years of deficit spending and paying HUGE welfare bonuses, in addition to paying for health care, education and social services for illegals, California is beyond broke. They’ve been running a budget deficit for many years and CA is on the verge of a total collapse of Government. Arnold issues a threat to Obama saying “Bailout CA or I will end cash welfare and people will riot... 

Germany's MPs rage at Merkel over €110 Billion bailout plan for Greece

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Chancellor Angela Merkel was heckled in the German parliament yesterday as she urged MPs to back the country’s €22.4 billion bailout for Greece, insisting that the “future of Europe” rested on the success of the rescue package. Ms Merkel’s cabinet gave the go-ahead for a German contribution to the €110 billion joint European Union and International Monetary Fund bailout... 

Obama Said Now Pushing Sneaky Wall Street Bailout

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More Bailouts... Fresh off his successful (for now) effort to ram through an unpopular healthcare “reform” law, President Barack Obama is now fighting for legislation on Capitol Hill that would set up a permanent fund to bail out companies in the financial sector. Of course, that’s not how his team is spinning things. On the White House Blog, Jen Psaki claims that “under the Senate bill, the... 

Soros Says Germany Needs to Pay Up If EU to Survive

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George Soros George Soros, the billionaire financier, says he thinks the euro and the European Union itself are at risk of breaking up if Germany refuses to play its traditional role and make concessions, Reuters reported, citing an interview conducted with Italian newspaper. “The Germans have always made the concessions needed to advance the European Union, when people were looking for a deal. Not... 

Israel has cost the United States about $1.6 trillion

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Since 1973, Israel has cost the United States about $1.6 trillion. If divided by today’s population, that is more than $5,700 per person. This is an estimate by Thomas Stauffer, a consulting economist in Washington. For decades, his analyses of the Middle East scene have made him a frequent thorn in the side of the Israel lobby. For the first time in many years, Mr. Stauffer has tallied... 

Obama seeks $2.8 billion in emergency funding for Haiti

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Although America just met its worse Financial Crisis ever, their president wants to throw away $2.8 billion President Barack Obama is asking Congress for $2.8 billion in emergency funding for the reconstruction effort in Haiti following January’s devastating earthquake. The president’s request comes one week before a U.N. donors conference March 31 in New York. Haitian officials plan to... 

US Government agrees to pay Black Farmers $50,000 + a potential for an additional $250,000

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The head of the National Black Farmers Association said Thursday the U.S. government has agreed to pay qualified farmers $50,000 each to settle claims of racial bias. U.S. Agriculture Secretary Tom Vilsack said those farmers may also pursue a claim for actual damages from the bias, and potentially receive up to $250,000. The settlement, which covers as many as 80,000 black farmers at a price of... 

Africa demands $67 bilion a year for the so-called Global Warming

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African leaders will ask rich nations for $67 billion per year to mitigate the impact of global warming on the world’s poorest continent, according to a draft resolution seen by Reuters on Monday. Ten leaders are holding talks at African Union (AU) headquarters in the Ethiopian capital to try to agree a common stance ahead of a U.N. summit on climate change in Copenhagen in December. Experts... 

Citigroup Gets Huge New $38 Billion Bailout, Wiping Out All of Taxpayer’s “Profits”

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Bank Bailouts The Treasury may have made some silly paper “profit” on its bailout of Citigroup (C) but the taxpayer may not get much of anything. The Washington Post reports that as part of the bank’s TARP payback agreement, it’s quietly been given a $38 billion tax break by the IRS. Seriously. The Internal Revenue Service on Friday issued an exception to long-standing tax rules... 

UK bank bailout hits staggering total of £850 Billion

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The price tag for bailing out UK banks has hit 850 billion pounds ($1.4 trillion) but Britain’s spending watchdog says the final cost to taxpayers will not be known for years. The independent National Audit Office (NAO) said on Friday the government was justified in asking the public to shore up the shaken sector at the height of last year’s financial crisis — although lending to... 

Africans demands up to $100 billions a year for "Global warming compensation"

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Line-up people! Soon you will receive more free money! Although global warming has been proven by more than 30,000 scientists and the recent hacked UK emails to be a fraud, these people demand billions of our money collected from taxes and most likely our corrupt politicians will give them whatever they demand. African leaders agreed on Tuesday on how much cash to demand from the rich world to compensate... 
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