Childcare outsourcing Video

Report: Many U.S. Parents Outsourcing Child Care Overseas | The Onion – America’s Finest News Source

Sending Child Overseas in a BOX for daycare!

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Transparency- People Can Connect with White House

Excellent! About Time! Long Overdue!!

Burning Money

Photo Source from Sean Brodrick, Money and Markets.com,
STOP THE INSANITY!
dollar-crash

Where has “Common Sense” gone to? We all know where our Trillions and Trillions of “Cents” are going. Now all the hard working “Taxpayers” are sending off their “Taxes” to the US government as we speak. And if that were not bad enough, the “Significant Banks”, and ‘Credit Card Monsters’ are saying, “We need more money from not only the government, but also from the clients that support their service.

When will the end of this “Madness” come? What little progress they say we have supposedly seen, is certainly not doing anything for the people. The United States government has “Tent Cities” popping up all over. Children are leaving their “home-cars”, or “tent cities”, or the “non-existent-shelters” to go to school. Parents are trying to get ready in their “tent homes” so they can go look for “non-existent jobs”.
Taxpapers are eating out of garbage cans, and those that aren’t, soon will be.

This is beyond crazy! ENOUGH is ENOUGH! The government is burning the money and they still want more! The banks and credit card companies are robbing the taxpayers blind! The CEO’s and Conglomerates; along with the Thieving-Greedy-Jackasses, within the upper crest and within the government, have the Assinine Belief that their Taxpayer-Prey are STUPID.

April 15th – Taxpayers

by Martin Weiss, PhD, Money and Markets

Tomorrow, April 15, 2009, thousands of Americans will make their voices heard at hundreds of Taxpayer Tea Parties from coast to coast.
I know — I’m taking an active part in them, joining Lou Dobbs, Newt Gingrich and others on a live nationwide broadcast.

Tomorrow, the media will highlight the protests in their headlines.
Nearly everywhere you look, you’ll see video and photos of angry taxpayers demanding that Washington stop bankrupting America … stop throwing our money at millionaire CEOs who destroyed their own companies.

But sadly, many of our leaders will simply ignore this one-day sensation — because they know a single day of protest is nowhere near enough to change things.
They think that the fateful day AFTER tomorrow — as these protests fade from the headlines — they’ll be able to just go back to business as usual, throwing trillions more of our dollars at failed bankers, brokers, insurers and automakers.

WE CANNOT ALLOW THAT TO HAPPEN! To save our own financial futures, we must do everything in our power to make sure that tomorrow’s protests are only the beginning of a massive, nationwide grassroots movement to end these disastrous bailouts.

Only the persistent, undying voices of millions demanding change will stop Washington before it bankrupts America and destroys our children’s futures.

That’s why I’m in this fight for the long haul — and I’m not going to stop until these rich-man’s bailouts end.
And it’s also why I wrote The Ultimate Depression Survival Guide: Because if you wait for Washington to save you, you’re going to be waiting until Kingdom Come.
Today, I am intensifying our national grassroots campaign by asking you to stand with me — to make sure YOUR voice is heard loud and clear in Washington.

Here’s what I’m asking you to do — for yourself, your family, your community and our nation:

STEP #1 — GET YOUR FAMILY TO SAFETY: Click this link now to get your personal copy of The Ultimate Depression Survival Guide and begin getting your family to safety. And while you’re ordering, don’t forget to get extra copies for your family, friends and neighbors — as well as one for your Congressional representatives and for President Obama.
Please remember: Your copies of The Ultimate Depression Survival Guide don’t have to cost you a dime. We’ll immediately send you a $29.95 credit voucher for EACH and EVERY book you buy, redeemable for any product or service Weiss Research offers.

And you can feel good about ordering, knowing that 100% of my royalties are being donated to the Campaign to End Child Homelessness, a national charity for the most innocent victims of this crisis.

STEP #2 — HELP ME SEND A CLEAR AND COMPELLING MESSAGE TO WASHINGTON: …

>> Can NOT save these failed companies but only makes them dependent on Washington for the long haul …

>> Set the stage for soaring interest rates and higher taxes — pure poison that will surely kill our struggling economy, and …

>> Punish the innocent — you and me — by confiscating our money to reward the guilty corporations that caused this crisis.

I’m doing everything I can to bring America back from the brink — but I can NOT do this alone.

I need you to stand with me — to help me turn tomorrow’s Taxpayer Tea Parties into much more than a one-day event; to make them the beginning of a nationwide grassroots movement with the power to save our families, our businesses and our nation before it’s too late.

Money and Markets.com

CEO Wants 10 Million Bonus – The Nerve of “His BALLS”!!

Merrill’s Thain seeking $10 million bonus
Report: Ailing company’s compensation committee is resisting request
Reuters
updated 10:49 a.m. CT, Mon., Dec. 8, 2008

NEW YORK – Merrill Lynch & Co Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company’s compensation committee is resisting his request, the Wall Street Journal said, citing people familiar with the situation.

The compensation committee has not reached a decision, but is leaning toward denying Thain and other senior executives bonuses for this year, the people told the paper.

Merrill could not be immediately reached for comment.

Shareholders on Friday approved Bank of America Corp’s takeover of Merrill, a deal fraught with risk but one that would create a banking giant with a leading position in almost every major area of the financial system.

Merrill was arguably saved from extinction when it agreed to merge on September 15, an hour before Lehman Brothers Holdings Inc filed for bankruptcy. The fear was that Merrill could be next if shareholders and trading partners fled, as many did at Lehman and the former Bear Stearns Cos.

Thain has said he deserves a bonus because he helped avert what could have been a much larger crisis at the firm, people familiar with his thinking told the WSJ.

Members of Merrill’s compensation committee agree with Thain that the takeover is in shareholders’ best interest, but believe it would be foolish to ignore strong public sentiment against large compensation packages, the paper said, citing people familiar with their thinking.

Committee members are also weighing the fact that other Wall Street firms, including Goldman Sachs Group Inc, which did better than Merrill this year, are not giving out bonuses to top executives, the paper said.

Thain, who became Merrill’s chief executive after losses in mortgage-related investments led to the October 2007 ouster of Stanley O’Neal, has also run NYSE Euronext, after a long career at Goldman.

After the Bank of America-Merrill deal is completed, he will run the merged company’s global banking, securities and wealth management businesses. Thain will not be joining Bank of America’s board.

Copyright 2008 Reuters…
Source:
URL: http://www.msnbc.msn.com/id/28112397/

Forrest Gump’s Explanation of the Mortgage Mess

Hat’s Off To Forrest Gump! Perhaps Forrest and Paris Hilton would have done a better job…

“…Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal buddies at Standard & Poor rated these boxes AAA Investment Grade chocolates. These boxes were then sold all over the world to investors. Eventually somebody bites into a turd and discovers the crime. Suddenly nobody trusts American chocolates anymore worldwide.

Hank Paulson now wants the American taxpayers to buy up and hold all these boxes of turd-infested chocolates for $700 billion dollars until the market for turds returns to normal. Meanwhile, Hank’s buddies, the Wall Street criminals who stole all the good chocolates are not being investigated, arrested or indicted.

Mama always said: ‘Sniff the chocolates first, Forrest’.

Quote of the day from a fund manager:

‘This is worse than a divorce… I’ve lost half of my net worth and I still have my wife!!’

The bailout, a different perspective:

Back in 1990, the US Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we trust the economy of our country to a pack of nit-wits who couldn’t make money running a whore house and selling booze?

I don’t think anybody could have summed up the TRUTH more honestly!

They “Gambled With The 700 Billion Bailout” and Lost…

Taxpayers are paying those “ZOMBIES” to work for the good of the American people. And what did they do?
They have gambled in the stock market, again, in a “LasVegas Gambling Style”. Without the taxpayers knowledge, or approval; The Zombies ran to the gambling table and have lost at least half of the 700 bailout money so far. In fact, it is reported that some stock they bought at a higher 25% cost than it was worth at the time, have been a bad bet to date. Of the 53 bets they made, only 2 have supposedly been good bets, and they were small companies that gave a return, unlike the large conglomerate bets that lost bailout money at the gambling table.

“…Treasury Secretary Henry M. Paulson Jr. describes the cash infusion as “an investment, not an expenditure.”

So far, however, only two of the 53 banks can be considered a good investment.

The AP’s analysis found that only HF Financial Corp. of Sioux Falls, S.D., and First Niagara Financial Group of Lockport, N.Y., would make money for taxpayers if the common stock options were exercised today. According to records filed with the Securities and Exchange Commission, both are small banks, far removed from the wheeling and dealing of federally insured giants that ravaged the global economy by making bad bets on subprime mortgages.

The South Dakota bank, for example, has a market value of $54 million, a tiny fraction of the size of JPMorgan Chase, the nation’s largest. The Treasury Department gave $25 million to HF Financial on Nov. 21 in exchange for 25,000 shares of preferred stock and warrants that allow taxpayers to buy 302,000 shares at $12.40 within the next decade. For now, it’s a good deal; the bank’s stock is trading around $13. If the government exercised its option to buy HF stock today, taxpayers would collect $63,500.

More companies would be in the black, but the government used a 20-day stock price average to set the warrant price, meaning it willingly negotiated to pay roughly 25 percent more than the stock was worth on the day it signed the deals on behalf of taxpayers.

Nara Bancorp, created in 1989 to serve Southern California’s growing Korean-American community, borrowed $67 million from taxpayers on Nov. 21, when its stock was trading at $7.50 per share. But the government negotiated the option to buy 1 million shares of Nara common stock at $9.64, higher than its stock is currently trading.

“It’s a complete mistake to think this is a good investment for us,” said Paola Sapienza, a finance associate professor at Northwestern University’s Kellogg School of Management, who spearheaded a September protest of the bailout by more than 200 of the nation’s leading economists. “It’s a gamble. It’s like going to Las Vegas.”
© 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed…”

In all likelihood, it was a planned out strategic game played at the taxpayers expense. That is what the
700 Billion bailout was all about. It just may not have been realized by the past and present day corrupt culprits that it would have the domino effect that is being experienced as we speak.

The American people need to form their groups, and with prepared grievances and accountability demands; the taxpayers need to email their expectations to Obama. Within these stated group grievances and accountability demands, the people must ask for accountability. Those responsible MUST be flushed out and held legally accountable.

See Source