Fed cuts rates to the bone… (Desperado)

I believe they are throwing the towel in now instead of tools. What is coming next is the scary part. They are almost saying that banks can borrow money for nothing.
Tom
WASHINGTON (Reuters) – The Federal Reserve on Tuesday aggressively cut its target for overnight interest rates to a record low zero to 0.25 percent, and said it [...]

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Dylan Elise, Playing in New Zealand

The audio is bad but I am sure it won’t matter after a couple minutes of this drum solo.

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Judge signs order to protect Madoff investors

Here you go folks, the bigwigs get another bailout. Guess who gets the bill!
Tom
NEW YORK – A federal judge on Monday threw a lifesaver to investors who may have been duped in one of Wall Street’s biggest alleged frauds, saying they need the protection of a special government reserve fund set up to help investors [...]

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Internet game: Throw a shoe at Bush

CLICK HERE TO throw a shoe at Bush

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Rayford Griffin, arranger writer producer and drummer

Breaking away for a bit….This is one of my favorite drummers. I discovered him playing with Jean luc Ponty in the earlies 80’s. He has progressed into being an icon with other musicians and drummers. Tom

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Madoff Investors May Be Protected By Government

So of course the government is going to shovel your hard earned tax money at these poor suffering people. I can’t help to ask, where is your average Americans bailout. My pension fund it crashing along with others 401k plans. When do we get help??  Tom
Judge Says Those Duped Need Aid Under The Securities Investor [...]

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Report: Bush masked cost of wars that could top $1.7 trillion

Even if Barack Obama draws down troops in Iraq like he’s promised, a new report finds the US is on pace to have spent nearly $2 trillion on military operations including Iraq and Afghanistan over the next decade.
The nonpartisan Center for Strategic and Budgetary Assessments found that the $687 billion spent so far on Iraq [...]

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The 17th Floor, Where Wealth Went to Vanish

By DIANA B. HENRIQUES and ALEX BERENSON
 
Published: December 14, 2008
The epicenter of what may be the largest Ponzi scheme in history was the 17th floor of the Lipstick Building, an oval red-granite building rising 34 floors above Third Avenue in Midtown Manhattan.
MUCH MORE…..

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Oil Prices Below $40 per Barrel, Posted by Luis de Sousa

 

Oil prices under fourty dollars per barrel? It can’t be true. 
Yes it is true, oil prices are back to where they were more than four years ago. Time for a few thoughts on these past years and what led to apparently dissonant energy prices.

This is a crosspost from the European Tribune. 
Back in July, no one [...]

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Indicted governor finds Jesus

I’m not sure there is a real case against him at this time but the vultures have arrived at his office. Here is the “Go and sin no more, you are forgiven” trick (just give me a hand full of money).
Tom
The Governor of Illinois recently got caught red handed trying to sell Barrack Obama’s’ recently [...]

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