Recent input
Rather than work, I offer a few recent headlines, mostly from the commie NYT so you can't doubt the information.
One should be able to see the big picture start to resolve. While each item is important as to its subject, connect the dots. These dots are in front of us every day and like that storied frog in a pot of slowly warming water, we lose sensitivity, then die.
Filed at 6:04 p.m. ET
NEW YORK (Reuters) - No sooner does Washington propose a new tax than an army of experts tries to figure out ways to avoid it...
"This law could be a real boon for lawyers and consultants like me. There are tremendous opportunities for coming up with new mechanisms to avoid it," said Bert Ely, a bank consultant in Alexandria, Virginia.
3.
1. Obama Plan: A 10-Year Bank Tax to Recoup Bailout
... “My determination to achieve this goal is only heightened when I see reports of massive profits and obscene bonuses at the very firms who owe their continued existence to the American people {unlike the Obamas} who have not been made whole, and who continue to face real hardship in this recession,” Mr. Obama said in his remarks. [Class envy and hatred]
...The president called the tax a “financial crisis responsibility fee,” a name that suggests its political purpose as well as its fiscal implications... Many, includingGoldman Sachs and JPMorgan Chase, have repaid their federal funds with interest and the government has also made money in selling the banks’ warrants that it held as collateral.
[And now for the socialism report]...While the banks maintain that taxpayers made money from the bailout, losses are expected from money paid to rescue Chrysler and General Motors and the insurance giant American International Group, and from a program to help troubled homeowners avert foreclosures.... [Perhaps a financial crisis responsibility fee on the Democrats, starting with Cuomo, Frank, Todd, and Clinton]
2.
Banks, Experts Eye Possible Ways Around Obama Fee
"This law could be a real boon for lawyers and consultants like me. There are tremendous opportunities for coming up with new mechanisms to avoid it," said Bert Ely, a bank consultant in Alexandria, Virginia.
3.
Democratic Leaders Reach Compromise on Taxing Health Plans [that's right, if you can afford a health plan, you are taxed, you scum, unless you are in a union.]
By DAVID M. HERSZENHORNThe White House and Congressional leaders have reached a tentative deal on a proposed excise tax on high-cost, employer-sponsored insurance plans...
...The Senate bill currently would impose a 40 percent tax on the amount of policies for individuals above $8,500 and family plans above $23,000. [But wait! We can't let this happen to socialists.]
House Democrats and organized labor groups have been resisting the tax, which they say will hit many union-sponsored health plans and force an increase in medical expenses for many middle class families....
[My old story of the discussion between two Yankee farmers: One is explaining socialism and how it makes sense. He says, "Say I have six Rolls Royce, well, we take three and and give them to you."
"That sounds good." .... This goes on for a few examples. The second farmer likes this socialism.
Then, the farmer says, "Say you have twenty cows. You keep ten and I get ten." Suddenly. the other farmer says, "Wait, wait, you know I have twenty cows."Here ends Marxism, but if you let it in, it will takes decades before people will understand what happened, if they are not dumbed down and turned into those cows.]
4. LEGAL
N.Y. Fed Told A.I.G. Not to Disclose Swap Details
Update | 12:13 p.m. Starting in November 2008, the Federal Reserve Bank of New York under Timothy Geithner began urgingAmerican International Group, the huge insurer that the government had bailed out, to limit disclosure on payments made to banks at the height of the financial crisis, e-mail messages obtained by DealBook show...
“It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information to the S.E.C.,” ...
The rescue of A.I.G., then, was the rescue of its counterparties, the banks that held the mortgage-backed securities, and the terms of that rescue, according to the e-mail messages, are precisely what the Federal Reserve urges A.I.G. to hide.
In the end, A.I.G. would pay Société Générale $16.5 billion, Goldman $14 billion in total, Deutsche $8.5 billion and Merrill $6.2 billion.
5. This is the idiot who forced the banks to make the bad loans that precipitated the housing collapse. Soon, to be NY's next governor - perfect.
Cuomo Demands Bonus Data From 8 Big Banks
Update | 12:52 p.m. Andrew M. Cuomo, New York’s attorney general...sending letters to eight of the nation’s biggest banks demanding information on how they structured those payouts.
The letters to the banks ... seek “extensive” information on how big the bonus pools are, how they were allocated and what clawback provisions and vesting periods are built in as checks and balances. The information is due Feb. 8. (Read one of the letters after the jump.)
...Even though all eight of these banks have paid back most or all of their government investments, Mr. Cuomo argued that the latest round of bonuses was still made possible because of taxpayer aid. Because of the struggling economy, he said, he found it necessary to make sure these firms were not doing anything improper in doling out these payouts. [Does that make sense to anyone? I want to see if Ben and Jerry managers got large bonuses.]
{Do you get the Marxist approach to class warfare? Oddly, these big mean banks are owned by pension funds, grandma, and 401 (k) account. The goon logic is some CEO or salesman made a big bonus, so cripple the bank. Don't doubt your 401 (k) is a target. Much depends on Tuesday's election in MA; buy silver}
6. ON NY
Thursday, January 14, 2010
NY property taxes rose $2.5B in 2009
The Business Review (Albany)
New Yorkers paid $2.5 billion more in property taxes from 2008 to 2009 despite widespread drops in property values, according to 
The Business Council of New York State Inc.
The Business Council of New York State Inc.The research wing of the Albany-based lobby found taxpayers paid $46 billion in property taxes in 2009, a 6 percent increase from the total bill in 2008.
Businesses paid 40 percent, or $18.5 billion, of the total $46 billion bill last year. That makes property taxes the largest non-federal tax on New York’s private-sector employers...
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Think about this, property values are down significantly, lets just quess: 25% in the past few years, yet real estate taxes are UP.
Can you see your home is your target? Real estate ownership is not owning land, it has become borrowing it. Don't think the government cares if yo took out a big mortgage, your home value is decreasing and you taxes went up. As the old sages said, sucker.
Gotta go
Labels: Democrats, socialism, U.S. MMarxism
posted by Gene | 12:07 PM
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