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Forget Cyprus, Poland CONFISCATES PENSIONS TO PAY OFF BANKERS

First there was Cyprus, where the EU and the world became exposed to a new form of bank bailout called the 'bail in'.  Now, Poland has taken the next step when on Sept. 4 the government seized and confiscated half of the nations private pension funds, and collateralized them to help towards paying off their sovereign debts. Interestingly enough however, the primary function of this confiscation is not about ...

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Syrian hackers post message on Marine website one day after news of a military mutiny against Obama over Syria

It has not been a very good Labor Day weekend for President Obama over the growing fiasco in his Syrian foreign policy.  On Sept. 2, a Syrian cyber group hacked into the primary Marine website Marines.com, posting a propaganda piece which informed military personnel that siding with the rebels is siding with the terror group Al Qaeda, and that the Syrian military itself stands with their American 'brothers' ...

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Russian Minister calls President Obama a Bush clone after pushing U.S. into war with Syria

For both Senator Obama, and the liberal contingent who castigated former President George Bush over our wars in Afghanistan and Iraq, it is an interesting turn of events five years later when now President Obama has hypocritically ordered attacks into more countries than the man he spoke out against for such actions in while in Congress.  And the current President is now doing so with a zeal not seen since ...

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Had a bankruptcy last year? No Problem! FHA has a mortgage for you as Obama pushes to re-inflate housing bubble

As mortgage lenders around the country begin to suspend operations and layoff workers, the Federal Housing Administration (FHA) is ready to throw away financial sense and offer Americans a new loan program.  In an FHA Mortgagee Letter 2013-26 published this month, the largest mortgage backer in the country is offering loans to people who have gone just a full year since filing for bankruptcy with the intent ...

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Russia ‘DISAPPOINTED’ By Obama

  U.S. President Barack Obama's decision to cancel a planned meeting with Russian President Vladimir Putin is disappointing, but he is still welcome in¬†Russia, a top Kremlin foreign policy aide said on Wednesday. "We are disappointed by the U.S. administration's decision to cancel the visit of President Obama to Moscow planned in early September," Putin's foreign policy aide, Yuri Ushakov, told reporte ...

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Snowden’s Father Chimes In About RUSSIA — FIND OUT WHAT HE SAID HERE

  The father of Edward Snowden, the fugitive former U.S. spy agency contractor, predicted on Wednesday that Russian President Vladimir Putin will stand up to pressure from Washington as the two nations spar over Moscow's decision to grant his son asylum. Lon Snowden's comments came on the day that President Barack Obama canceled a summit meeting with Putin planned for next month in retaliation for¬†Russ ...

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Obama shows his economic illiteracy in speeches on Greece and U.S. housing

It has been a busy week for President Obama.  First, he traveled to Phoenix, AZ where he gave a speech on how the government needs to focus on expanding home prices through a new housing bubble despite the trillions already spent on mortgage refinancing and purchasing.  Then on Aug. 8, the President met with Greece's Prime Minister and said in an Oval Office speech that Greece has done well with their econo ...

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Obama Cancels Meeting With Putin Because Of Snowden

  President Barack Obama has canceled a planned one-on-one summit with Russian President Vladimir Putin that had been scheduled for early September.   In a statement, the White House cited Russia's "disappointing" decision to grant asylum to NSA leaker Edward Snowden, and "lack of progress on issues such as missile defense and arms control, trade and commercial relations, global security issues, a ...

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Obama To Millennials Stuck Living At Home: I’ve Got Nothing For You

  President Barack Obama fielded questions today from Americans¬†in an interview organized by Zillow's CEO Spencer Rascoff.   His answer to a question from a recent college graduate should be gut churning for Millennials to listen to. The question of interest was¬†from a recent grad who is still stuck living with his parents, a situation endured by one in three Millennials.¬†He wanted to know what th ...

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YOU WON’T BELIEVE HOW MUCH OBAMA’S TRIP TO LENO COST TAXPAYERS [VIDEO]

¬†   When it comes to late-night shows, President Obama is, to be sure, a prolific guest, but taxpayers might not be laughing along with him. Obama‚Äôs televised chat Tuesday in Los Angeles on ‚ÄúThe Tonight Show‚ÄĚ with Jay Leno was the sitting president‚Äôs 10th appearance on a TV talk show while in office, far exceeding all presidents and hosts since the days of John F. Kennedy in the early 1960s. Obama does ...

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