Tag Archives: Washington Mutual

Who’s actually getting expelled from Sudan?

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CIA deadly forceThirteen supposedly non-governmental agencies (NGOs) just got expelled from Sudan. See Sudan Protects and Welcomes Aid Groups …Who and what are these groups that got thrown out of Sudan then?

One of the groups is Mercy Corps, funded by some very big corporations in America. See their website’s list of big donors… Corporate, Foundation and Non-Profit Partners … Amongst them, I see Wells Fargo, The Mellon Foundation, the Mormon Charities, The Bill Gate’s Foundation, The National Association for Business Women (Tajikistan), The Schwab Fund, YMCA (Lebanon)!, the Bayer Corporation, one of the CIA’s very own airlines called Evergreen International Aviation, Inc., JP Morgan, Nike, PacTrust, US Bank, Washington Mutual, and the list just goes on and on and on.

InterAction, another group that got kicked out also calls itself a NGO, but look where the funding actually comes from? U.S. International Affairs Budget …follow the link to the United States State Department! This is a US government agency that was working inside Sudan to help overthrow the regime there! The government of Sudan is correct in calling these supposed agencies SPIES. They are.

See Iran and Hamas back Sudan’s Bashir for more information about the expulsion of the US from Sudan.

CEO Bandits and Gump

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gump-posters.jpg The best temp gig in history gives a short accounting of bankrupt Washington Mutual and the CEOs that led the bank to its demise. But what’s new about any of this? Ronald Reagan started this trend off with the Savings and Loan Bailout of the 80s and what did Americans do? Why well they allowed him to be honored as being the supposed ‘Great Communicator’!

Next time you drive down the Interstate and see that stupid sign (paid for by the government) that calls the road ‘The Ronald Reagan Highway’, think about the typical dumb American citizens’s responsibility for the problems we now face? We didn’t just get to where we’re at from the crookedness of one man or one American institution or another, we got here because almost all of America’s population has played stupider than Forrest Gump for decades now. You allowed the CEO class to run away with the goods, while you feasted on WalMart and Dollar General! Chumps! And the best most of you can now come up with is to put the likes of Pelosi, Obama, Clintons, and Biden back in as secondary quarterbacks at the White House?! Today’s America is as gumpy as it comes! Make that dumber than Gump!

WaMu shares fall from $39 to $2 in one year

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wallstreetThe Domino Theory at work! Next to fall- Washington Mutual. Nothing related to Vietnamese Communism at all, but to American capitalism itself.

And what does Wall Street and Washington, D.C. advocate now? Why socialism! They advocate socialism for themselves,The Rich, where profits are privatized for the super elites and losses are socialized for the poor to pay the costs of bad business dealings done by private owners. They call that ‘bailout’.

So if we are to have this form of socialism in place in the US one begins to wonder about having a much different form of Socialist Movement return to the scene, where benefits are privatized and the super rich must pay their fair costs to a society that they have been looting from? Well why not? Why should government always be benefiting only the rich, where corporate corruption allows Big Business to seize control of the government to use only for themselves?

Also, we need to ask ourselves whether Big Business will ever care for Nature? The answer seems obvious that NO it will not, since looting nature is part of the essential business ethic of making profit for owners at the expense of others (workers and Nature).

Yes, Socialism is back and we need to see that it is not the National Socialism of the rich for the rich that shall predominate, but rather Socialism of those who do the work for those who do the work, that is put into effect. Because one way or the other, it is what’s now on the agenda. After WaMu, which next? The corporate-run government is bankrupting itself to stop bankruptcy! The FDIC will have to spend another $20 billion if this bank blows bringing itself almost to the point of insolvency. The money for bailouts and bankruptcies is not endless.

AIG and Washington Mutual soon to follow Lehman Brothers down the drain?

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while-you-were-outTo put things in perspective, it helps to know that Lehman Brothers holdings were 10 times the value of Enron’s, a company that also fell into bankruptcy amidst scandal. But the collapse of the American economy is not over yet, as other companies, such as Washington Mutual and AIG also appear to be on their way to going under. Here is what wikipedia has to say about AIG, the 18th largest company in the world, and one that in 2006 was fined over 1.5 billion dollars for fraud.

‘On June 15, 2008, under intense pressure due to financial losses and a falling stock price, Martin Sullivan resigned from the CEO position. He was replaced by Robert B. Willumstad who has served as Chairman of the Board of Directors of the Company since 2006.

In 2008, AIG’s share prices fell over 95% to less than $3 in September and the company reported over $13.2 billion in losses in the first six months of that year. As Lehman Brothers suffered a major decline in value and share price, potential investors began to compare the types of securities held by AIG to those held by Lehman, and found that AIG had valued their Alt-A and sub-prime mortgage-backed securities at rates 1.7 to 2.0 times those Lehman had used for what Lehman officials called similar securities. On September 14, 2008, AIG announced it was considering selling its aircraft leasing division, International Lease Finance Corporation, in an effort to raise necessary capital for the company. The Federal Reserve has hired Morgan Stanley to determine if there are systemic risks to a failing AIG, and has asked private entities to supply short-term “bridge” loans to the company. In the meantime, New York regulators have approved AIG for $20 billion in borrowing from its subsidiaries.

On September 16, AIG’s stock dropped 60 percent at the market’s opening. The Federal Reserve continued to meet that day with major Wall Street investment firms to broker a deal to create a $75 billion line of credit to the company. Rating agencies Moody’s and Standard and Poor’s, meanwhile, downgraded their ratings on AIG’s credit on concerns over continuing losses to mortgage-backed securities. The New York Times later reported that talks on Wall Street had broken down and AIG may file for bankruptcy protection on Wednesday, September 17.’

Will this company in fact file for bankruptcy tomorrow as the NYT reports? And what about Washington Mutual and the others? It’s beginning to look like the 30’s once again, and all doubt about ‘recessions’ or not is now over. The word is DEPRESSION. Hang onto your job, house, and pension if you can, for it looks grim.