Posted by JamesButabi on 08/07/09

Please reach out and help us get Peter strongly noticed in an important Senate race which he can certainly beat Chris Dodd in.  The goal is a $1 Million bomb today.  Even if you can only donate something small, every bit counts.

Donate at www.schiffforsenate.com  today!

Posted by JamesButabi on 02/21/09

Consider donating to draft Peter Schiff for CT Senate in 2010.  The worst case scenario is he declines, and the money is used for the CFL or another liberty candidates future draft.

http://www.schiff2010.com

Posted 02/21/09 vshagoyan glendale , CA

Already did this morning :).

Posted 02/21/09 Andrew Sica Woodbury, CT

Over $10k now - I did my duty this morning!

Posted 02/21/09 SilverSeraph Goose Creek, SC

Just topped 14k. We may just get our 20k goal!

Posted 02/21/09 WILL WORK FOR PEACE Idaho falls, ID

I gave what I could. I think he would be terrific as Senator.

Posted 02/21/09 year1913 Madison Heights, MI

I threw down this morning already ... Ron Paul / Peter Schiff 2012

Posted 02/21/09 JamesButabi Pawtucket, RI

over 16k. Definitely a success

Posted by JamesButabi on 02/14/09

This is a followup tp Michael Beitler's featured article  "Roots of the Banking Crisis" http://www.campaignforliberty.com/article.php?view=12

Michael shared a great personal observation on why banks made so many crappy loans if it was obviously beyond normal risk.  The landscape of the Community Reinvestment Act is becoming more widely known to be a factor in this economic collapse.  Im hearing more and more bankers say their institutions were coerced by federal regulators to make loans they previously refused at the expense of being labeled poorly in the CRA rating system. Im finding this pressure came increasingly after the passage of Gramm Leach Biley Act (GLB).  Federal Regulators would tarnish a banks image who did not comply with increasingly tight CFA standards. Compounding this, Fannie Mae and Freddie, receiving tremendous assistance via the government and Federal Reserve, offered guaruntees on pools of these new loans tagged which were conveniently offered AAA ratings! (Of course Fannie and Freddie held a monopoly on Mortgage Backed Securities as well)  Wheres the risk?  These thing combined gave way to lower standards, new instruments to stack debt, and guaruntees by two megacorps funded by the Federal Reserve!

Seems to me like CFA, the Fed, and GLB are all catalysts for this mess.  Now I would say that if we had sound money I do not forsee this situation being possible.  Yet in a FIAT system, I digress, deregulation via GLB accompanied by central banking and private interests is proving disasturous.

Why does anybody dare trust the central bankers now?  We need to shake this up!

Posted 02/15/09 SilverSeraph Goose Creek, SC

I don't trust them. Central Banking is a primary tenet of Communism. I've told this to my representative and urged his support of H.R. 833 and I will keep telling him until I get a response or H.R. 833 is law.

Posted by JamesButabi on 02/14/09

Now aren't we glad we pushed through that bailout money?

 http://news.yahoo.com/s/nm/20090214/ts_nm/us_gm_plan

CHICAGO (Reuters) - General Motors Corp, nearing a Tuesday deadline to present a viability plan to the U.S. government, is considering as one option a Chapter 11 bankruptcy filing that would create a new company, the Wall Street Journal said in its Saturday edition.

"One plan includes a Chapter 11 filing that would assemble all of GM's viable assets, including some U.S. brands and international operations, into a new company," the newspaper said. "The undesirable assets would be liquidated or sold under protection of a bankruptcy court. Contracts with bondholders, unions, dealers and suppliers would also be reworked."

Citing "people familiar with the matter," the story said that GM could also ask for additional government funds to stave off a bankruptcy filing.

GM declined to comment, the story said.

General Motors and Chrysler LLC face a Tuesday deadline to file restructuring plans to the government in exchange for receiving $17.4 billion in federal loans.

Automakers have struggled as U.S. auto sales have tumbled amid a recessionary economy. U.S. auto sales in January tumbled to a 27-year low.

GM has been in talks with bondholders and the United Auto Workers union to get an agreement on a restructuring that would wipe out about $28 billion in debt for the auto maker, sources have told Reuters. However, it appears unlikely a deal could be reached by the Tuesday deadline, they said.

GM has already announced plans to cut 10,000 salaried workers worldwide, or 14 percent of its staff, impose pay cuts for most remaining white-collar U.S. workers and has offered buyouts to its 62,000 U.S. workers represented by the UAW.

In addition, it is trying to sell its Hummer SUV and Swedish Saab brands and is reviewing the status of its Saturn brand.

Posted 02/14/09 illuminati hater Las Vegas, NV

Looks like we're going to have that Car Czar a lot sooner than we think. I hope the car companies like naturalization.

Posted 02/14/09 SilverSeraph Goose Creek, SC

It sucks that they got bailout money, but I blame that on Bush more than GM. They were set to not receive anything from Congress. Chapter 11 would be the best thing they could do right now, and if they can form a new company free of UAW contracts etc. and profitably make cars in the U.S. that would be a very good thing.

Posted 02/14/09 illuminati hater Las Vegas, NV

^True, but something tells me the government is going to try to bail them out. I don't know why I have that feeling, but it's prevalent in my mind. I guess with all the money the government is throwing left and right, you begin to develop a sense toward these things.

Posted by JamesButabi on 02/09/09

Show begins at 5PM ET.    Not sure exactly what time he will be on the show, but be sure to tune in!

Posted 02/09/09 Mike in Virginia Fredericksburg, VA

Thanks for the heads up. Just watched Tom, along with Burton Fulsom, and they were excellent. Give Tom enough time and he'll get Glenn to sign up for the C4L. ;-)

Posted 02/09/09 JamesButabi Pawtucket, RI

Judge Andrew Napolitano also made an appearance. Great episode.