Looking around.

In no particular order:

1. So While Every Bank Is Defending PrimeX, Here Is What Fannie Mae Really Thinks
   Submitted by Tyler Durden on 10/18/2011 21:46 -0400
   
   Remember when it was your job to be cheerful and optimistic if creating forecasts for insolvent and nationalized entities, whose entire pseudo-business model is predicated upon the return of the housing bubble and the overall Ponzi resuming? Apparently not, especially if one has read the following forecast from none other than Fannie Mae. So while we have Barclays, Deutsche, JPM, TCW, and any other axed bank , you name it, defending PrimeX which is nothing more or less than a bet on the "safe" tranche of US home price prospects and housing overall, here is the one entity with more mortgages on its books than any other organization, telling us how it really feels.
   
   Summary:
   

   • Projecting 10yr treasuries to plunge to 1.90% by 4Q11
   • Median New / Existing home prices will fall 7.1% / 7.7% respectively by mid 2012
   • Purchase Mortgage Origination will decline 21.5% from 2Q11 levels
   • Total Single family mortgage debt will decline 3.0% by 4Q12
   • First Lien single family mortgage debt will decline 2.3%
   • The imputed (based on reported first lien & total) 2nd lien mortgage debt will plunge 10.2% vs. 2Q11 levels (hmm why W
   • Would somebody with a first lien allow a junior creditor to get paid off first?)

2. Is It Time To Close Down Bank of America?
   
   This is precisely the sort of arbitrage that ought to lead people straight to a nice date with Bubba:
   

   Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation.
   
   The Federal Reserve and Federal Deposit Insurance Corp. disagree over the transfers, which are being requested by counterparties, said the people, who asked to remain anonymous because they weren’t authorized to speak publicly. The Fed has signaled that it favors moving the derivatives to give relief to the bank holding company, while the FDIC, which would have to pay off depositors in the event of a bank failure, is objecting, said the people. The bank doesn’t believe regulatory approval is needed, said people with knowledge of its position.

3. Discovering What Facebook Knows About You
   
   Things are getting interesting in Europe:
   

   Max is a 24 year old law student from Vienna with a flair for the interview and plenty of smarts about both technology and legal issues. In Europe there is a requirement that entities with data about individuals make it available to them if they request it. That's how Max ended up with a personalized CD from Facebook that he printed out on a stack of paper more than a thousand pages thick (see image below). Analysing it, he came to the conclusion that Facebook is engineered to break many of the requirements of European data protection. ...

4. US forces 'massing on Afghanistan-Pakistan border'
   US forces are massing on the Pakistan border in eastern Afghanistan amid reports of an imminent drone missile offensive against fighters from the feared Haqqani Network, a Taliban faction which operates from safe havens in Pakistan's North Waziristan Agency, Pakistan Army sources have confirmed.
   
   By Dean Nelson, South Asia Editor and Javed Siddiq in Islamabad
   2:19PM BST 18 Oct 2011
   
   The scale of the American build-up, including helicopter gunships, heavy artillery and hundreds of American and Afghan troops, caused panic in north Waziristan where tribal militias who feared they could be targeted gathered in the capital Miranshah to coordinate their response.

5. FBI Monitoring News Talk Radio for Investigations
   
   Mark Weaver
   WMAL.com
   
   WASHINGTON -- If you call a radio talk show and get on the air, you might be recorded by the FBI.
   
   The FBI has awarded a $524,927 contract to a Virginia company to record as much radio news and talk programming as it can find on the Internet.
   
   The FBI says it is not playing big brother by policing the airwaves, but rather seeking access to what airs as potential evidence.
   
   "This doesn't give us any enhanced capability, prying into or any 'big brother' concerns because this is information that's being put out on the airwaves," FBI spokesman Paul Bresson told WMAL.com. "Its very important to our investigators to know what's being reported."
   
   Bresson cites as an example of the case of the Times Square bomber.
   
   "It's ideal for cases like that because we can extract information that's already been reported and help our investigators make better decisions."

All of this is not good or enjoyable news and there is so much more out there, but there are bright spots- such as this:



Those who frequent here know full well that I fully expect all of this to come crashing down- HARD. We are broke, our "leaders" corrupt with many submitting or calling for treason; demanding that we further embrace socialism/communism. That elections do not matter and should be halted. Others dismiss their citizens- acting as potentates and kings who send out Jack-Booted Thugs to harass, intimidate and even kill. This is why it does not matter this mans politics he is standing up for what is right AND honorable- with the outcome of 30 cops nearly pissing themselves.

How many more are ready and will join him across the Republic?

WP

Secret recordings raise new questions in ATF 'Gunwalker' operation

Found via SSI.



AND



Listen to her closely- listen and understand she is an example of what they really think.

WP

Interesting articles

Catching up on some reading that I recently missed while working today that caught my eye and the first is from three days ago:

Afghanistan Central Bank Head Flees To US

In what may be the most prophetic news of the day, we learn that the head of Afghanistan's central bank, Abdul Fitrat (what an oddly appropriate name for a central banker), has escaped the country, emigrated to the US and "isn't expected to return because he fears for his safety after investigating fraud allegations at the country's largest lender, according to two Western officials." It gets funnier. From the WSJ: "Mr. Fitrat said he left the country because his life had been threatened and that the Karzai government was refusing to prosecute those allegedly involved in fraudulent loans, the Associated Press reported. "My life has become completely endangered," he told the AP. "Since I exposed the fraudulent practices on April 27 in parliament I have received information about threats on my life." Mr. Fitrat's family lives in the Washington suburbs, and he has permanent resident status in the U.S., according to a person close to the banker." Surely, Mr. Fitrat had nothing to do with the $850 million in "suspect loans" made by Kabul Bank which is at the core of the scandal.

So is it living or House Arrest to keep their mouths shut to protect the Banksters? My wager is the later.

How Does NSA Get Away With Running Top Secret Menwith Hill in the UK?

North Yorkshire in the UK is known for its undulating and verdurous hillsides, scattered with walkers and sheep poo, cozy country pubs selling ‘real’ ale and Yorkshire bitter, and simple folk who talk funny.

This tranquil and traditional corner of England at its most ‘English’ is the last place you would expect to find a $10 billion dollar “star wars” inspired defence shield that houses 33 satellite dishes, enclosed within giant ‘golf balls’ that receive data from four SBIR satellites 24,000 miles above earth.

This almost unbelievable scenario is the situation with Menwith Hill in North Yorkshire, the home of a major US military site that has been shrouded in secrecy during its two-decade construction.

It has now been reported as the site for “Echelon”, the top secret US eavesdropping system that intercepts communications from around the world.

Not new news, but good to see people are asking again and perhaps just a few more will realize the extent of how they are watched- constantly.

Then there is the following in the Air Force times:

AFRICOM: AF, Navy still flying Libya missions

By Dave Majumdar - Staff writer
Posted : Thursday Jun 30, 2011 12:33:04 EDT

Air Force and Navy aircraft are still flying hundreds of strike missions over Libya despite the Obama administration’s claim that American forces are playing only a limited support role in the NATO operation.

An Africa Command (AFRICOM) spokeswoman confirmed Wednesday that since NATO's Operation Unified Protector (OUP) took over from the American-led Operation Odyssey Dawn on March 31, the U.S. military has flown hundreds of strike sorties. Previously, Washington had claimed that it was mostly providing intelligence, surveillance and reconnaissance (ISR) and tanker support to NATO forces operating over Libya.

"U.S. aircraft continue to fly support [ISR and refueling] missions, as well as strike sorties under NATO tasking," AFRICOM spokeswoman Nicole Dalrymple said in an emailed statement. "As of today, and since 31 March, the U.S. has flown a total of 3,475 sorties in support of OUP. Of those, 801 were strike sorties, 132 of which actually dropped ordnance."

A White House report on Libya sent to Congress on June 15 says that “American strikes are limited to the suppression of enemy air defense and occasional strikes by unmanned Predator UAVs against a specific set of targets.” The report also says the U.S. provides an "alert strike package."

So another worthless lie from the Muslim Kenyan and yet, he is not impeached, the peasants are not storming the gates and we are but three days away from our anniversary...

Ugly is so coming.

WP

Codrea states: "Shocking Breaking Gunwalker News!"

He also said this:

Not that--hell, we expected that. Still to be determined: How many deaths have happened/will still happen on THIS side of the border, as if we'll ever know.

The shocker is ABC News is reporting on it.

The thing is nearly every blog I link to has been asking this for 5+ months in relation to Gunwalker and it is asked nearly everyday- on someones blog. I stated and asked this just last week in my post "...Descent Into Fascism...":

You cannot wash their blood away and what consistently comes to mind is: How many American Citizens names do we NOT know and just HOW MUCH blood is on YOUR HANDS? Not just because of Gunwalker, but because of EVERY un-Constitutional Act you approved, let stand, or enforced! Not just judges, but bureaucrats, police and elected politicians (local, state, federal).

The MSM is slowly waking up, slowly asking questions, but not MOST of them. Most of them are working to protect the murdering vermin of The Swamp- their jobs depend on it, but the local stations do not. This does not mean that they are not as corrupt or corruptible as the MSM but you do not have a better forum than your local press to get the story out and then onto the Internet. Pressure builds and builds. It has been just over six-months since the story broke on the Web thanks to Mike Vanderboegh and David Codrea with the help of those men at CleanUPATF.org and there are Congressional Hearings and Senate Investigations!

Not those authorized- CITIZEN JOURNALISTS DID THIS!

Get out and do your part (call, write, hound, tell everyone you know), many already have and many continue to do so. Work to see these Murderous Scum receive justice, but not just on Gunwalker- if you do not, IMO, you are tacitly guilty for standing by and doing nothing (whether Burke said it or not- it still stands as a truth).

WP

ADDENDUM 15:40

Posted just a tad early- David Codrea has called out Jon Stewart and rightly so.