What Do You Want Us to Do?

Fed indictments tell how companies used H-1B visas to undercut US wages.

Are just 545 people responsible for all of our problems or are they just puppets of industry?

Normally I won't link to stories like this, but today I'll make an exception just to point out again that it's interesting how many details in a story get contradicted by other stories and how many assumptions and conclusions we jump to based on the little we pay attention to and are essentially told to think. I'm busy - it happens to me too.

Cockpit instruments apparently indicated that onboard anti-icing systems were operating normally on a Continental Connection turboprop shortly before it stalled and crashed near Buffalo, N.Y. Thursday night from what now appears to be deadly accumulation of ice on some critical flight surfaces, according to federal investigators

http://online.wsj.com/article_email/SB123464964630388821-lMyQjAxMDI5MzE0NDYxNDQ5Wj.html

The plane landed flat on the house, pointed away from the airport it was supposed to land on:
http://www.washingtontimes.com/news/2009/feb/14/plane-didnt-dive-house/

9/11 activist, 9/11 skeptic and widow Beverly Eckert died on that plane but so too did human rights expert, Alison Des Forges', who had just revealed a secret deal between Rwanda's Paul Kagame and Congo's Joseph Kabil. I'm not making any claims because I haven't spent enough time researching it, but where there's a story with quickly and contradictory details, there's often fire.

"The US government has given Citigroup $45 billion in direct cash injections while guaranteeing another $291 billion of the banks toxic (worthless) assets. Citi’s cost to the taxpayer now totals $336 billion.

Think you over paid? You did. The entire market capitalization of Citigroup is only $19 billion which means that anyone can buy the entire company and assume full control for $19 billion. Taxpayers have paid Citi almost 18 times what the entire company is worth, while receiving no control, voting rights, or even an ATM fee reversal!

Bank of America is a similar story. $183 billion in injections and guarantees of worthless assets on a company that can be bought and controlled entirely for $27 billion.

Bank of America and Citigroup have already cost the US taxpayer a whopping $519 billion.

To put things in better perspective, at $519 billion, you could completely own and control General Motors, Alcoa, American Express, The Disney Corporation, McDonalds, Home Depot, Hewlett Packard, Merck, Du Pont, Boeing, Caterpillar, Intel, 3M, and Kraft foods while still having a cool $6 billion in cash left over.

Nearly half of a trillion dollars has gone to Citigroup and Bank of America alone. The government has overpaid by more than 11 times the total value of the two companies and has absolutely nothing to show for it. The taxpayers receive no dividend or interest payments, have no ownership or control, and are at the mercy of paying back interest and fees to organizations running on public money."

http://www.chartingstocks.net/2009/02/the-bank-swindle-putting-it-in-perspective/

Finally someone else is pointing out the obvious re: GOP big government spending.

The FBI is going to move from helping cover up investigating . My cynicism there may be ill-founded given how significantly much more widespread financial fraud is than terrorism. So for now, hats off to the FBI.
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