DANGER WILL ROBINSON, you’ve been talfed!
Here’s a suggestion for real hope, change and responsibility:
– Ralph Waldo Emerson
Well Cricketeers, the latest corpoRATe looting of the tax payer funded treasury in washingtOOn has been sold by ethically challenged go go geithner. It’s called talf. This from fortune:
Geithner’s gift to Wall Street
As the first TALF-backed deals for Ford, Honda and Harley’s debt hit the market, professional investors see an opportunity to make a killing.
By William D. Cohan, contributor
May 18, 2009
NEW YORK (Fortune) — Imagine if you were not really in the market for a house but the government came along and said that it would finance 94% of a home’s purchase price with a mortgage rate of less than 3%. Still not interested? Wait, Uncle Sam has some additional sweeteners: if you do the deal and buy the house for only 6% down, you also get the equivalent of rental income every month to the tune of at least an annualized yield of 10% of the purchase price.
But wait there’s still more: if, say, after two years, you decide you don’t want the house any longer, you can just walk away from it. No need to pay the balance of the mortgage (it won’t affect your credit rating), and you can keep the rental income received to date.
That’s essentially the deal that Treasury Secretary Timothy Geithner has offered qualified professional investors who participate in the so-called TALF (Term Asset-Backed Securities Loan Facility). Two months into the program as the first TALF- backed deals hit the market, you can see why the likes of hedge fund Fortress Investment Group are drooling over it. “I’m a big believer in the impact that TALF can and should have,” Fortress CEO Wes Edens said on a May 6 investor call, adding that he expects that Fortress will be “a big participant” in the TALF program “three to six months from now.”
For a fun project you can do with the kids. Learn a bit more about this corpoRATe fortress by clicking here and have even more fun with an interactive map of wes edens corpoRATe connections by clicking here! The corpoRATe fortress was where dirty dem little johnny edwards made himself a cool half mill for his “consulting services” back in 2006. If you click on the boxes in the interactive map I provided a link to above, you will find all kinds of connections, such as to hillary dillary doo and other dirty dem neolib klinton klan hillbillies!
SONOFABUSH! The corpoRATe criminals at goldman, lehman and a whole host of other corpoRATe banksters are also connected to the corpoRATe fortress. DAGNABIT! They are not who our tax dollars should be given to, these corpoRATe scumbags are rich enough already! We should be spending our tax dollars to provide ALL OF US a better future. Not giving our money to the corpoRATe thieves who crashed the world economy with their larcenies!
We insist that the criminal statusQUObama admin:
- Cut pork barrel military spending by 50%! FUCK the military industrial complex!
- Replace the failed “down payment plan” with universal single payer health care!
Here’s my FAVE endorsement for single payer universal national health care, from the neolib who now refuses to give it to us:
Let’s see, in the video statusQUObama had a step by step process to get a single payer health care plan:
- dems take back white house CHECK √
- dems take back senate CHECK √
- dems take back house o’reps CHECK √
- PAY UP BITCH! Mauhahahahahahahah
The ongoing ClapSotronics serving suggestion:
EAT THE FUCKING pig corpoRATe rich!
laBAMAnostra and laBUSHanostra agree:
- That the disaster of a war should continue indefinitely. laBAMAnostra has the same exit strategy as laBUSHanostra did, no exit strategy what so ever! The corpoRATe pigs agree the current war should be escalated and additional wars should be started whenever possible!
- That the waste, fraud, and abuse pork barrel spending on ever larger pentagon budgets should continue and money “should be no object” when it comes to the funding of military death and destruction! paygo my ass!
- That the thieving corpoRATe insurance companies (the rotten aig being only the tip of the corpoRATe iceberg in the insurance larceny business) should be able to continue to pocket almost half of our health care dollars via the waste fraud and abuse filled current “free market health care system.” This ripoff comes in the form of over the top corpoRATe insurer “administrative costs” and corpoRATe drug pusher profiteering even as the rest of us are badly served by their wealth care, NOT REALLY HEALTH CARE SYSTEM!
- That the wal-fare system (click this link to see how I defined the wal-fare system in an earlier post) started by the klinton klan co-presidents slick willy and hillary dillary doo (she a former walmart board member and both former co-presidents are now made members of laBAMAnostra) and made ever worse by the waste, fraud, and abuse pork barrel funding of so called “faith based” organizations should be able to continue to poverty pimp we poor folks into ever deeper poverty! Punitive policies that force us into slave labor, low wage “jobs” and sermons are no replacement for the basic human needs based system we should have!
- That the inherently dishonorable corpoRATe criminals should be allowed to continue to “self police” as the idiots in washingtOOn chant the tired deregulation mantra!
It’s time to put an end to deregulation and the kid glove wrist slap treatment they get by regulating the corpoRATeers and RICO statute CRIMINAL PROSECUTIONS OF THE corpoRATe THIEVES!
The Telepathic Crickets™ on the ClapSotronics editorial board and I are sick of the government cheese being handed out to the criminal corpoRATe welfare mothers like shittybank and the rest!
The scientifically impossible I do right away
The spiritually miraculous takes a bit longer