Lies Divide, Truth Unites (Dylan Ratigan)

By Dylan Ratigan

The good news in America today is that many of lies from our leaders and media no longer seem to be working. Four out of five people view the current proposed financial reform as ineffectual. Many in Congress who voted for socialism for the rich now look like they will be voted out for continuing those giveaways.

Now the only way those Banksters can survive is to pretend that their corporate communism is working even in the face of overwhelming evidence to the contrary. Most recently, they decided that instead of taxing complicit financial institutions the cost of their "Financial Reform-In-Name-Only", they will instead use what I call the Big Tarp Lie to pander for the vote of Senator Scott Brown and others.

The mainstream media rarely fights back against this lie, either by an inability to understand, a desire to protect their access to these same Politicians and Bankers or an unwillingness to go up against the very same financial institutions that are often the only thing between them and the unemployment line.

However, we the people have to fight back against these lies - and thankfully we own the truth.

This lie must be beaten back by all of us like whack-a-mole every time it rears its ugly head. Please help me by sending this information to any Politician, Media Figure, Banker, Neighbor or Robot that you find repeating it - they can take our money, but they don't own the truth.

Let's break it down:

1. TARP itself hasn't even made money. AIG alone still owes us $75.6 billion. However, they always add the caveat "Other than AIG..." when they say that the bailouts were "profitable". But the AIG money was DIRECTLY PAID to many of these same banks that "paid back their TARP" at an outrageous 100 cents on the dollar! Mind you, this was done by government officials that were the former employees and current shareholders of the very banks they were helping. Let's make the banks like Goldman Sachs, Bank of America and Societe Generale pay back the $105 billion of stolen taxpayer money before we let anyone say "TARP was paid back."

2. TARP is a tiny little part of a massive amount of taxpayer support. TARP is actually less than 10% of your tax dollars that have been handed to the banks. And now the banks "paid back" the tiny slice that is TARP with OUR money and you are supposed cheer them for savvy. At this very moment, the taxpayer is still owed $2.02 Trillion dollars for the bailout by our Politicians and Banksters, and that number is growing every day.

Never mind the money that these same banks make getting endless 0% interest loans from the Federal Reserve (aka You) while either they lend it back to you at 14% or just lend it right to back the government and pocket the yield. Never mind the multitude of benefits they get from being Too Big Too Fail. But you're not supposed to pay attention to that; you're only supposed to notice how fast they paid back TARP!

So instead of these Politicians looking for the only obvious place to find the money - clawbacks from the people who continue to steal it - we are now being subjected to outright lies as they once again pick the banksters over the people who voted them in. But don't let them, or anyone in the media, get away with it without hearing from you.

Thanks to Zero Hedge for the Guest Post

Scott Brown (extortionist), says he expects to support financial reform bill..."isn't that special"

From NBC's Ken Strickland and Mark Murray
Massachusetts Sen. Scott Brown (R) now says he'll vote for the final Wall Street reform legislation -- after changes were made to the conference report. This pretty much guarantees the legislation will clear the Senate and will be signed into law by President Obama.

Scott Brown Press Release:

I've spent the past week reviewing the Wall Street reform bill. I appreciate the efforts to improve the bill, especially the removal of the $19 billion bank tax. As a result, it is a better bill than it was when this whole process started. While it isn't perfect, I expect to support the bill when it comes up for a vote. It includes safeguards to help prevent another financial meltdown, ensures that consumers are protected, and it is paid for without new taxes. That doesn't mean our work is done. Further reforms are still needed to address the government's role in the financial crisis, including significant changes to the way Fannie Mae and Freddie Mac operate."

Isn't that special

Scott Brown....just another self-centered spoiled brat Senator and Harry Reid states no vote before the 4th

Brown remains uncommitted after fix to bank bill

By JIM KUHNHENN (AP) 

WASHINGTON — Despite lawmakers' last-minute change to win his vote, Republican Sen. Scott Brown said Wednesday he needs more time to study a sweeping overhaul of financial regulations before committing his vote.

His stance leaves Democrats short, for now, of the 60 votes they need to overcome procedural hurdles to the bill. Senate Majority Leader Harry Reid said the Senate will have to wait until after the weeklong July 4 congressional break to take up the bill.

The House was expected to vote on a final, combined House-Senate bill, late Wednesday afternoon.

Congressional Democrats have been inching closer to passage of a major rewrite of financial industry regulations, making fixes as they go in hopes of securing the votes of straying Republicans.

On Tuesday, House and Senate negotiators reconvened to remove a $19 billion fee on large banks and hedge funds after Brown threatened to vote against the bill. Brown, of Massachusetts, supported a Senate version of the bill last month but said he objected to the fee, inserted by negotiators last week.

In a statement Wednesday, Brown said he appreciated the removal of the fee, but said he would review the bill over next week's recess.

"I remain committed to putting in place safeguards to prevent another financial meltdown, ensure that consumers are protected, and that this bill is paid for without new taxes," he said.
Link to article

By Alexander Bolton (The Hill)
Senate Democratic leaders as expected on Wednesday postponed a final vote on Wall Street reform. The Wall Street reform conference report will not pass until Congress returns from the July 4 recess during the week of July 12, Democratic leaders said.

Senate Majority Leader Harry Reid (D-Nev.) told reporters Wednesday that Senate procedures would not allow him to bring the bill to the floor on Thursday.

Members of the Senate will be away from Washington on Friday to attend the funeral of Sen. Robert Byrd (D-W.Va.) in Charleston. “I can’t because I can’t procedurally get to it,” Reid said.

Senate Banking Committee Chairman Chris Dodd (D-Conn.) said that after House approval, the soonest the Wall Street reform could pass the Senate would be Saturday or Sunday.

He expressed concern that some Republicans who are likely to vote for it might change their mind if forced to stay in session into the July 4 weekend to get the bill to President Barack Obama’s desk. Dodd said the House would not likely pass the revised Wall Street reform bill until Thursday.

Final approval of the legislation was slowed by GOP opposition to a proposal to pay for its cost with a nearly $19 billion tax on large financial institutions. Dodd and other negotiators have since changed the legislation, paying for it with a plan to end the Troubled Asset Relief Program several months before its scheduled expiration.

It is unclear whether that change will win the votes of Sen. Scott Brown (R-Mass.) and Maine Republicans Susan Collins and Olympia Snowe, who all voted for the Senate's Wall Street reform bill.

Brown issued a non-committal statment on Wednesday. “I appreciate the conference committee revisiting the Wall Street reform bill and removing the $19 billion bank tax," Brown said in the statement. "Over the July recess, I will continue to review this important bill."

Barney Frank and Chris Dodd to remove Bank Tax and sell out kids and grandkids again!

By Matt Viser, Globe Staff

WASHINGTON -- Responding to a threat by Scott Brown to vote against the the massive Wall Street overhaul package, US Representative Barney Frank and Senator Christopher J. Dodd were planning to reconvene a conference committee today to revisit the bill and remove a $19 billion tax on big banks that would have paid for increased oversight.

Dodd told reporters that they were planning to scrap a $19 billion bank fee – which has been Brown’s latest objection – and that the 43-member committee would meet as early as this afternoon.

Brown declined to comment on the changes, telling a battery of reporters that he wanted to wait and see what the conference committee decided.

Earlier today, Brown said that he would vote against the Wall Street regulatory overhaul that was adopted by the committee last week, citing the last-minute addition of the $19 billion in bank taxes to pay for the bill. It was a switch in position for Brown, who had previously voted in favor of an earlier version in the Senate.

The Massachusetts Republican sent a letter this morning to the top House and Senate negotiators – Representative Barney Frank, of Newton, and Senator Chris Dodd, of Connecticut – to reiterate his strong opposition to the tax.

It was the second time that Brown has used the leverage of his swing vote in the Senate to influence the bill in ways that were beneficial to the financial industry. He previously had made his continuing support contingent on winning key provisions in the conference committee for State Street Corp. and other banks, allowing them to continuing using a percentage of their capital to invest in Wall Street securities. Link to Barney and Dodd selling out

Brown sought to exempt altogether financial institutions that use banks for limited purposes, such as MassMutual and its insurance business or Fidelity Investments and its investment funds.

He also wanted to let firms invest a limited amount of their top capital in hedge funds and private equity funds. Brown initially called for a 5 percent cap, but negotiators settled on 3 percent. Those changes were backed by Boston-based State Street Corp. and Bank of New York Mellon Corp., which has several thousand Massachusetts employees.

KNOW THY ENEMY

Scott Brown..He Did It! He held finanical reform hostage

so State Street Corp. Mass Mutual and Bank of New York Mellon

got what they wanted. Scott remains commited to his

financial constituents and remains indifferent to

the impact his self centered and self serving

representation will impact grandchildren.

He deems himself pretty and throws temper

tantrums like he is still in junior high.

Let's simply bend over for Scott Brown and tap into

TARP funds to pay the $19 billion and simply send the

bill to grandchildren as it will be years before they

know what hit them....

Scott Brown sworn in today

Republican Scott Brown was sworn in today by Joe Biden. Scott takes over the seat held by Senator Edward Kennedy and will fill the last two years of Kennedy's term.

At age 22 and prior to commencing his political career, Scott posed for a "spread" in Cosmopolitan Magazine “America’s Sexiest Man” contest. I am sure he and Timmy (April 2009 100 Most Beautiful People) Geithner will get along just fine.

Consult your physician should your finger raise persist in excess of 4 hours...

Sunday Comics

"I won George, I'm now the Speaker"

"Brutal, Copenhagen was a nada, my ratings are tanking,

 Scott Brown wins, health reform is lukewarm

and now the Supreme Court conniving 5"

Ford Focus, Best Green Car of 2010 Detroit Car Show

Feinberg wants AIG to

reduce retention awards

                                               AIG, "but $195 mil due in March"

Senators predict Bernanke confirmation

Jim Cramer's Market Rally post Scott Brown election

Here's a little song I wrote

You might want to sing it note for note

Don't worry, be happy...

Scott Brown Victory Dance

"It's all over the internet, 70 phone calls in 14 hours

including your buddies at JP Morgan and Goldman Sachs"?