Another Bank? President Obama Pushing National Infrastructure Bank (Slush Fund Bank)
Posted by admin / Under Bank Run
President Obama today in Ohio is touting a trio of economic proposals, including a $50 billion plan to improve the nation's transportation system and in doing so, create jobs to boost the country's sluggish economic recovery. [snip] If the plan is approved by Congress, the projects would be financed by a government-run bank, known as an Infrastructure Bank. According to the White House, the Infrastructure Bank would "leverage federal dollars and focus on investments of national and regional significance...
Published on Friday 10th of September 2010 02:22:23 PM
Treasury Department Targets Iranian-Owned Bank in Germany Facilitating Iran's Proliferation...
Posted by admin / Under Bank Run
NOTE The following text is a quote: September 7, 2010 TG-847 Treasury Department Targets Iranian-Owned Bank in Germany Facilitating Iran's Proliferation Activities WASHINGTON – The U.S. Department of the Treasury today designated Europäisch -Iranische Handelsbank (EIH), one of the few remaining European banks actively facilitating business with Iranian banks and handling billions of dollars worth of transactions on their behalf. Today's action was taken pursuant to Executive Order (E.O.) 13382, which blocks the property of designated weapons of mass destruction (WMD) proliferators and their supporters, thereby isolating them from the U.S. financial system. Headquartered in Hamburg, Germany, EIH provides financial...
Published on Friday 10th of September 2010 02:22:23 PM
Obama sinkhole recipe: Hey, let’s create a new, government-run infrastructure bank!
Posted by admin / Under Bank Run
It’s actually not a “new” idea. It’s an old, recycled one borrowed from corruptocrat Democrat Sen. Chris Dodd, who sponsored a bill to create a federally-operated “infrastructure bank” in 2007. President Obama tried to get $5 billion in funding for one in his 2010 budget and $4 billion is proposed for one in his 2011 budget. Democrat Rep. Rosa De Lauro is pushing a House version — and her expansive, pipe-dream plans tell you all you need to know about what a disastrous, costly slush fund this thing would inevitably grow into: Ms. DeLauro’s plan would create an infrastructure bank...
Published on Friday 10th of September 2010 02:22:23 PM
President mulls new measures to spark economy (establishment of an Infrastructure Bank)
Posted by admin / Under Bank Run
President mulls new measures to spark economyBy the CNN Wire Staff September 6, 2010 10:07 a.m. EDT Washington (CNN) -- On this Labor Day, the White House will put its focus squarely back on the economy, following a week where the Obama administration concentrated on Middle East peace talks and the end of America's combat role in Iraq. The address will be the first of two speeches this week in which President Barack Obama will try and frame his administration's response to the recession, less than two months ahead of midterm elections where Democratic majorities in the House and Senate...
Published on Friday 10th of September 2010 02:22:23 PM
Karzai's brother calls for U.S. to shore up Kabul Bank as withdrawals accelerate
Posted by admin / Under Bank Run
As depositors thronged branches of Afghanistan's biggest bank, Mahmoud Karzai, the brother of the Afghan president and a major shareholder in beleaguered Kabul Bank called on Thursday for intervention by the United States to head off a financial meltdown. "America should do something," said Karzai in a telephone interview, suggesting that the U.S. Treasury Department guarantee the funds of Kabul Bank's clients, who number about a million and have more than a billion dollars on deposits with the bank. Kabul Bank handles salary payments for soldiers, police and teachers. It has scores of branches across Afghanistan and holds the accounts...
Published on Friday 10th of September 2010 02:22:23 PM
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"We have met the enemy, and they are ours": message sent by Oliver Hazard Perry during the War of 1812 announcing US victory in the Battle of Lake Erie (1813)
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