news roundup Mar 18


Richard Moore

White House Offers Plan to Ward Off Credit Crises 
Whatta load of crap. The Fed intentionally orchestrated the subprime crisis, 
and now we are supposed to be grateful that they’re ‘solving the problem’. –
rkm March 14, 2008 White House Offers Plan to Ward Off Credit Crises By
STEPHEN LABATON WASHINGTON ‹ After months of watching a growing credit crisis 
made worse by steadily eroding home prices, the Bush administration responded 
on Thursday with the outlines of a plan that officials emphasized is meant 
more to prevent future crises than to address the current one. – Fri, Mar 14 
2008 5:16 am 

Greg Palast: Bail-out for predator banks and Spitzer charges are intimately 
…The $200 billion bail-out for predator banks and Spitzer charges are 
intimately linked By Greg Palast Reporting for Air America Radio’s Clout 
Listen to Palast on Clout at <[link]>While New York Governor Eliot 
Spitzer was paying an ‘escort’ $4,300 in a hotel room in Washington, just down
the road, George Bush’s new Federal Reserve Board Chairman, Ben Bernanke, was 
secretly handing over $200 billion in a tryst with mortgage bank industry 
speculators. – Tues, Mar 18 2008 1:17 am 

Run on Big Wall St. Bank Spurs Rescue by Elite Banks 
Note the misleading headline below, confusing the Fed with Government. Note 
also that these rescue attempts have no chance of stopping a collapse of the 
US economy. The ship is rapidly sinking, and they’re trying to save it with 
bailing buckets. -rkm – Tues, Mar 18 2008 1:16 am 

Dahr Jamail: Rules of Engagement “Thrown Out the Window” 
Inter Press Service News Agency Saturday, March 15, 2008 17:08 GMT US/
IRAQ: Rules of Engagement “Thrown Out the Window” Dahr Jamail SILVER SPRING, 
Maryland, Mar 15 (IPS) – Garret Reppenhagen received integral training about 
the Geneva Conventions and the Rules of Engagement during his deployment in 
Kosovo. But in Iraq, “Much of this was thrown out the window,” he says. – Tues,
 Mar 18 2008 1:16 am 

Mike Whitney: A Vicious Circle ending in a Systemic Financial Meltdown 
A Vicious Circle ending in a Systemic Financial Meltdown Roubini’s 
Nightmare Scenario By Mike Whitney Global Research, March 13, 2008 “It’s 
another round of the credit crisis. Some markets are getting worse than 
January this time. There is fear that something dramatic will happen and that 
fear is feeding itself,” Jesper Fischer-Nielsen, interest rate strategist at 
Danske Bank, Copenhagen, Reuters) – Tues, Mar 18 2008 1:16 am 

Chossudovsky: The Deployment of US Troops inside Canada 
The Deployment of US Troops inside Canada By Michel Chossudovsky Global
Research, March 13, 2008 On February 14th, Canada and the US signed an 
agreement which allows for the deployment of US troops inside Canada. There 
was no official announcement nor was there a formal decision at the 
governmental level. – Tues, Mar 18 2008 1:16 am 

LaRouche on Spitzer Case: Targetting the Superdelegates 
LaRouche on Spitzer Case: Targetting the Superdelegates 13 Mar 2008 
March 13, 2008 (LPAC)–Lyndon LaRouche, during his webcast of March 12 (see [
link]), was asked to comment on the targetting of New York Governor Eliot 
Spitzer. His response: – Tues, Mar 18 2008 1:16 am 

LaRouche: Anglo-Dutch Liberal Oligarchical Map 
[images & links in original] Anglo-Dutch Liberal Oligarchical Map 24 
Jan 2008 An Educational Series… Conceptual Overview: The Enemy Is Anglo-
Dutch Liberal Oligarchism Click on the image for a individual profile. – Tues,
Mar 18 2008 1:16 am 

* Richard C. Cook: 2008 Presidential Election: A Revolution or A Bust? 
“According to polls, three-fourths of Americans say the country is headed in 
the wrong direction. This is an astounding statistic. At other times and in 
other places, revolution would be in the air.” The 2008 Presidential 
Election: A Revolution or A Bust? – Tues, Mar 18 2008 1:16 am 

* The Making of the Cheney Regional Defense Strategy, 1991-1992 
“Prevent the Reemergence of a New Rival” The Making of the Cheney 
Regional Defense Strategy, 1991-1992 Declassified Studies from Cheney Pentagon
Show Push for U.S. Military Predominance and a Strategy to “Prevent the 
Reemergence of a New Rival” – Tues, Mar 18 2008 1:16 am 

Slain Colombian Insurgent Held Secret Talks with U.S. Diplomats 
For Immediate Release: March 4, 2008 Slain Colombian Insurgent Held 
Secret Talks with U.S. Diplomats Declassified State Department Memo Describes 
Clandestine 1998 Meetings with Colombian Guerrillas Central to Current Saber-
Rattling in Andean Region – Tues, Mar 18 2008 1:16 am 

Coverup of Extensive U.S. War Crimes 
[disturbing photos in original] Coverup of Extensive War Crimes: 40th 
Anniversary of the My Lai Massacre By Dr. Gary G. Kohls Global Research, March
15, 2008 Global Research Editor’s Note In a bitter irony, Colin Powell, who 
was responsible for the coverup of the My Lai massacre acceded to a “brilliant
” career in the Armed Forces. In 2001 he was appointed Secretary of State in 
the Bush administration. Although never indicted, Powell was also deeply 
implicated in the Iran-Contra affair. – Tues, Mar 18 2008 1:16 am 

Collapse being used to monopolize financial markets 
The financial collapse now in progress was intentionally engineered by the 
Federal Reserve, as was the Great Depression. In both cases, one of the main 
goals has been to concentrate ownership and power into a few elite hands. Here
we see a good example, as the Fed arranges for JPMorgan Chase to gobble up a 
rival financial institution. – Tues, Mar 18 2008 1:16 am 

Guardian re/US collapse: “America was conned” 
America was conned – who will pay? The South Sea Bubble ended in riots 
as trust was lost. Wall Street also duped the public € Larry Elliott, 
economics editor € The Guardian, Monday March 17 2008 Bear Stearns marks the 
moment when the global financial crisis went critical. Up until last Friday, 
it had been possible – just about – to believe that the worst was over and 
that things were about to get better. That pretence was stripped away when JP 
Morgan, at the behest of the Federal Reserve, stepped in when the hedge funds 
pulled the plug on the fifth-biggest US investment bank. – Tues, Mar 18 2008 1:
16 am 

U.S. Adapts Cold-War Idea to Fight “Terrorists” 
One wonders what the purpose of all this is. Is it to make people believe Al 
Qaeda is real? Is it a cover for new kinds of police state methods? Is it a 
justification for disrupting legitimate uses of the web? -rkm March 18,
2008 U.S. Adapts Cold-War Idea to Fight Terrorists – Tues, Mar 18 2008 1:16 am : Foreign investors spurn Fed rescue 
Asian, Mid East and European investors stood aside at last week’s auction of 
10-year US Treasury notes. “It was a disaster,” said Ray Attrill from 4castweb.
 “We may be close to the point where the uglier consequences of benign neglect
towards the currency are revealed.” – Tues, Mar 18 2008 2:14 am 

Reuters: USA no longer world’s biggest economy 
Weak dollar costs U.S. economy its No. 1 spot Fri Mar 14, 2008 5:17pm 
EDT PARIS (Reuters) – The U.S. economy lost the title of “world’s biggest” to 
the euro zone this week as the value of the dollar slumped in currency markets.
 Taking the gross domestic product of both economies in 2007, the combined GDP
of the 15 countries which use the euro overtook that of the United States when
the European currency surged to a record high of more than $1.56 per euro. – 
Tues, Mar 18 2008 2:14 am 

Wash. Post: Collapse just beginning 
“Bear Stearns’s demise should probably be viewed as the first of many,” 
Richard Bernstein, chief investment strategist for Merrill Lynch wrote in a 
research report. “Sentiment is just beginning to catch on as to how broad and 
deep the credit market bubble has been.” – Tues, Mar 18 2008 2:14 am 

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