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Grayson on: Secret Bailouts, Fed Audit, and Rewarding Failure by: jamess Sat Nov 21, 2009 at 13:51:45 PST (9 am. - promoted by ek hornbeck) If you DON'T Study, DON'T play by the Rules, and DON'T CARE who is hurt by your careless actions -- would you expect an "all expenses paid" Scholarship?  ... or record Bonuses?  ... or more free Mad Money than you know what to do with? Hardly! Yet that is exactly what the reckless Wall Street Bankers got -- HUGE Rewards -- FOR BEHAVING BADLY! In some circles, this is call Co-dependency and "Enabling" ... In America we call it "Too Big to Fail". Well Alan Grayson and Ron Paul, are about expose this Trillion Dollar "reward for failure" system, for what it is ... Rep. Alan Grayson on the Fed Bailing Out Big Banks: "You Don't Give Scholarships to Kids Who Fail" http://www.youtube.com/watch?v... There's More... :: (14 Comments, 1763 words in story)

Alan Grayson accused the Fed of manipulating the stock market by: MinistryOfTruth Sun Nov 01, 2009 at 07:03:52 PST ( - promoted by buhdydharma ) Crossposted at Daily Kos      Back in late September, Alan Grayson (Big D-FL08) grilled Federal Reserve General Counsel Scott Alvarez on whether or not the Federal Reserve has manipulated the stock and futures market. Since this hasn't been diaried and Sunday is a slow news day, I thought it would be fun to watch Alan Grayson in action in a bit of a flashback. (UPDATE: Unfortunately and oddly, the video is no longer working for some strange reason. Good thing I transcribed it when I did. I am looking for another version of the same vide, so hang in there until I can find it UPDATE 2: Found a second video. Hope you enjoy)       Transcript and commentary below the fold. There's More... :: (62 Comments, 2231 words in story)

Companies get bailout billions, hide billions in tax havens by: Magnifico Fri Jan 16, 2009 at 16:49:35 PST (11 am. - promoted by ek hornbeck)   The Goverment Accountability Office (GAO) released a report (pdf) on Friday detailing how the biggest U.S. companies are using offshore tax havens to avoid being responsible corporate citizens. The GAO summary explains: Many U.S. corporations operate globally and have foreign subsidiaries... In some cases they may be used to reduce taxes... Eighty-three of the 100 largest publicly traded U.S. corporations in terms of 2007 revenue reported having subsidiaries in jurisdictions listed as tax havens or financial privacy jurisdictions. Sixty-three of the 100 largest publicly traded U.S. federal contractors... Not only that, but many of these corporations have received billions in federal bailout money and Senators Byron Dorgan (D-ND) and Carl Levin (D-MI) estimate this corporate tax exploit shifts $100 billion tax responsibility to other taxpayers in the form of loss tax revenue.   There's More... :: (5 Comments, 403 words in story)