Clipmarks | Billionaire Clips

Depression Deepening

Tue, 07 Oct 2008 02:39:35 GMT

clipped by: robm47
clipper's remarks: by David N. Vaughn, Gold Letter Inc. | October 6, 2008

“GEORGE Soros, billionaire, philanthropist and hedge fund legend, has characterized today's situation in global markets as the most severe since the Great Depression.” “We are in a period of financial wealth destruction ...” “The billionaire blamed the lack of transparency in the credit default market, which he calculated at $US45 trillion, as the root of the curtailing of bank-lending, and hence the credit squeeze.” “That is an amazing figure,” Mr Soros said, noting that the size of the CDS (credit default swaps) market is equal to the total wealth of US households and five times the national debt level.” theaustralian.news.com.au/story/0,25197,23515757

Sounds like 1929 is repeating again. Is the economy in a serious financial crisis NOW? The simple fact is that many, many banks are anticipated to go under in coming months. 1,000 banks estimated to fail soon.

Tags: economic

senate sells us all out

Thu, 02 Oct 2008 16:28:18 GMT

clipped by: doodleicious
clipper's remarks: hang onto your cowboy hats....here we go....

Clip Source: www.smirkingchimp.com

Senate Sells Us All Out

The Constitution requires that the House vote first on spending bills, but the Senate just voted first, and did so by trashing the memory of the late Senator Wellstone, using his bill on mental health coverage.

The Senate has voted to spend money it does not have to give the executive branch powers it cannot safely be given -- all in order to dump OUR money on a bunch of billionaire bankers, all motivated by a bunch of fear-mongering lies and the legalized bribery of campaign contributions.

Tags: politics

Warren Buffett Perfectly Placed for $3Billion GE Play

Thu, 02 Oct 2008 01:20:15 GMT

clipped by: merrie
clipper's remarks: The shares have been hit by a poor performance from its GE Capital Finance arm, which brings in close to half its revenues, and concerns about the outlook for the broader economy. Mr Buffett said: “GE is the symbol of American business to the world. I am confident that GE will continue to be successful in the years to come.”

His comments came a week after he appeared to position himself for an investment in GE by giving the group his vote of confidence. At that time, Mr Buffett, who always invests in high-profile companies, pointed out that GE has “strong global brands and businesses with which I am quite familiar”.

Clip Source: business.timesonline.co.uk

Warren Buffett sought to capitalise on the woes of global business again yesterday as he announced plans to buy $3 billion of preferred shares in General Electric as part of a $15 billion (£8.4 billion) capital-raising by America’s largest conglomerate.

The group cited “unprecedented weakness and volatility in the financial services markets” for the profits warning and announced a series of moves to bolster its position. These included suspending its share buyback programme and making a forecast that the group would probably not increase its dividend this year, for the first time since the 1970s.

The fund-raising will help GE to retain its AAA credit ratings, which Mr Immelt said remained a top priority for the group. He assured investors that GE continues to “successfully meet our commercial paper needs”.

Shares in GE, which fell by as much as 8 per cent yesterday, recovered after the announcement to trade down about 65 cents, or 2.6 per cent, at $24.85 in afternoon trade.

Tags: billionaire warren buffett, largest american conglomerate, general electric, jeff immelt, chairman and chief executive of ge

How Chavez like

Wed, 01 Oct 2008 00:45:14 GMT

clipped by: sillysam

Clip Source: www.foxnews.com

Bloomberg Plans to Seek Third Term as New York City Mayor

NEW YORK — Billionaire Mayor Michael Bloomberg has decided to push for a change in the city's term-limits law and run for another four years, a person who has been briefed on the matter told The Associated Press on Tuesday.

X-Conference 2008: Press Conference at the National Press Club, April 21,2008

Tue, 30 Sep 2008 01:20:47 GMT

clipped by: clipmark_spider
clipper's remarks: Must watch video

Clip Source: ufoblogger.blogspot.com

X-Conference 2008: Press Conference at the National Press Club, April 21,2008

hi guys,here we have X-Conference 2008 which was held at National Press Club, April 21,2008.Just after the annual X-Conference in Gaithersburg north of the capital. Director of Paradigm Research Group Stephen Bassett moderated the press meeting. Some of the topics at the event were the emerging exopolitical world network and the Rockefeller initiative. In the latter billionaire Laurance Rockefeller attempted to convince Bill Clinton to become the "Disclosure President". I.e. of the extraterrestrial presence on earth. Must watch ....

Tags: ufo, video, x-conference

Watch Anaconda 3: The Offspring Online Free

Mon, 29 Sep 2008 03:54:58 GMT

clipped by: akon187
clipper's remarks: Watch Anaconda 3: The Offspring for free online

Clip Source: www.onlinemovielinks.net

Anaconda 3: The Offspring (2008)

Genre:Action/Adventure
Status: Active & Working
A mercenary-for-hire accepts a mission from a billionaire to capture a dangerous snake that could possibly help cure a terminal illness.

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Tags: watch anaconda 3: the offspring online, download anaconda 3: the offspring

Buffett Buys Goldman Stake in `Economic Pearl Harbor

Fri, 26 Sep 2008 00:09:15 GMT

clipped by: thinkcreatedesign

Clip Source: www.bloomberg.com

Sept. 24 (Bloomberg) -- Billionaire Warren Buffett, calling turmoil in the markets an ``economic Pearl Harbor,'' said his $5 billion investment in Goldman Sachs Group Inc. is an endorsement of the Treasury's $700 billion bank rescue plan.

Tags: bail out, buffett, goldman

TaxPayer Suicide

Thu, 25 Sep 2008 02:13:12 GMT

clipped by: neochonetes

Clip Source: www.rapidtrends.com

Alex’s Notes: Dont know about you, but I consider Jim Rogers to be a very smart man. You dont become a Billionaire in commodities by being stupid. He has some very interesting things to say about the Federal Reserve Chairman Ben Bernanke in a recent interview.

During a 40-minute interview during a wealth-management conference in this West Coast Canadian city last month, Rogers said that:

• U.S. Federal Reserve Chairman Ben S. Bernanke should “resign” for the bailout deals he’s handed out as he’s tried to battle this credit crisis.
• That the U.S. national debt – the roughly $5 trillion held by the public– essentially doubled in the course of a single weekend because of the Fed-led credit crisis bailout deals.
• That U.S. consumers and investors can expect much-higher interest rates – noting that if the Fed doesn’t raise borrowing costs, market forces will make that happen.
• And that the average American has no idea just how bad this financial crisis is going to get.

Tags: taxpayer, usa, financial markets, federal research

Buffett Buys Goldman Stake in `Economic Pearl Harbor'

Thu, 25 Sep 2008 01:29:45 GMT

clipped by: rmowery
clipper's remarks: The one nice thing about capitalism is that it cannot fail, it may take punches and get beat up, but it always rebounds. Granted we, little people get stuck wiping up the dirt, while the ultra rich (excluding Buffet) continue to live pampered lives.
Russia and other countries however will have a rockier road with their markets collapsing. Least so it appears.

Clip Source: www.bloomberg.com

Buffett Buys Goldman Stake in `Economic Pearl Harbor' (Update2)

``I am betting on the Congress doing the right thing for the American public and passing this bill,'' Buffett said on cable channel CNBC today. ``I certainly have a vote of confidence in Goldman and vote of confidence in Congress.''

Tags: buffet, financials, pearl harbor, wall street, bailout

Trying to discredit Obama

Wed, 24 Sep 2008 06:03:40 GMT

clipped by: hvard
clipper's remarks: the ad might actually backfire as it is apparent disinformation. it would be interesting to know if McCain campaign was aware of the ad, and "endorsed" it (i.e. gave green light)

Clip Source: www.startribune.com

No "Evidence Of Any Relationship" Between Obama And Ayers.

Texas billionaire Harold Simmons, a major backer of Republican John McCain's presidential campaign and Swift Boat Veterans for Truth four years ago, is the sole donor to an advertisement attacking Democrat Barack Obama over his relationship with one-time radical activist William Ayers.

Tags: mccain lies, disinformation, elections 2008, obama, mccain

Icahn On Executive Pay

Mon, 22 Sep 2008 15:51:55 GMT

clipped by: Andrew Farrell
clipper's remarks: Billionaire says that they don't get paid too much, they just shouldn't get paid for failure.

Clip Source: www.icahnreport.com

I don’t fault salaries and perks for executives that perform – they make money for all shareholders. It’s the ones that are paid for failure that really make me mad.

Why, for instance, should Daniel Mudd, the outgoing CEO of Fannie Mae, be eligible for an exit package reportedly worth some $9.2 million after he presided over one of the worst financial debacles in American history, and one that could possibly cost taxpayers hundreds of billions of dollars?

TIME BOMB BURRIED IN WALL STREET

Sat, 20 Sep 2008 01:14:09 GMT

clipped by: klippety
clipper's remarks: Buffet's assertion from 5years ago that a time bomb has been placed is finding its way into our reality

Clip Source: www.reuters.com

Buffett's "time bomb" goes off on Wall Street

CHICAGO (Reuters) - On Main Street, insurance protects people from the effects of catastrophes.

But on Wall Street, specialized insurance known as a credit default swaps are turning a bad situation into a catastrophe.

When historians write about the current crisis, much of the blame will go to the slump in the housing and mortgage markets, which triggered the losses, layoffs and liquidations sweeping the financial industry.

"This was supposedly a way to hedge risk," says Ellen Brown, the author of the book "Web of Debt."

Brown is hardly alone in her criticism of the derivatives. Five years ago, billionaire investor Warren Buffett called them a "time bomb" and "financial weapons of mass destruction" and directed the insurance arm of his Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research, Stock Buzz) to exit the business.

the risk that the sellers of this protection wouldn't pay ... That's what we're seeing now."

Buffett's "time bomb" goes off on Wall Street

Fri, 19 Sep 2008 16:54:37 GMT

clipped by: rmowery

Clip Source: www.reuters.com

Buffett's "time bomb" goes off on Wall Street

CHICAGO (Reuters) - On Main Street, insurance protects people from the effects of catastrophes.

But on Wall Street, specialized insurance known as a credit default swaps are turning a bad situation into a catastrophe.

Tags: buffet, derivatives, time bomb, wall street, economy

Beware 'next wave' of financial woes, NYC mayor warns

Thu, 18 Sep 2008 15:24:43 GMT

clipped by: rmowery

Clip Source: www.cnn.com

Beware 'next wave' of financial woes, NYC mayor warns

NEW YORK (AP) -- New York Mayor Michael Bloomberg warned Wednesday a "next wave" of financial pain may come from overseas if foreign entities stop buying U.S. debt.

The billionaire mayor spoke before an audience at Georgetown University, telling them it's not clear who is going to continue buying U.S. debt as financial firms try to cope with a crisis of confidence on Wall Street.

The mayor is scheduled to meet Thursday morning with Treasury Secretary Hank Paulson and Securities and Exchange Commission Chairman Chris Cox.

Before becoming mayor, Bloomberg made a fortune by launching a financial information company that bears his name, and he has more credibility than most politicians on economic matters.

Tags: economy, bloomberg, wall street, us

Obama’s Shifting Positions on Iraq: A Rezko Connection?

Tue, 16 Sep 2008 07:27:45 GMT

clipped by: merrie
clipper's remarks: Obama was at a party on April 3 — two days before the video– with Nadhmi Auchi, a London-based Iraqi billionaire who attended a Tony Rezko party in Chicago. The Chicago Tribune blog covered Obama’s recollection of the party in depth.

Late last week, Sen. Barack Obama said he didn’t recall meeting a controversial Iraqi-born billionaire at a party held at the home of his former friend and fundraiser, Antoin “Tony” Rezko, on April 3, 2004, because it was in the midst of his campaign for the U.S. Senate seat from Illinois.

But a check on the senator’s calendar showed he had no campaign activities on the day of the Auchi party. The Chicago Sun-Times reported that despite Obama’s inability to recall meeting Mr. Auchi, two sources said the senator was present.

http://www.swamppolitics.com/news/politics/blog/2008/04/obamas_rezkoauchi_recollection.html

http://www.suntimes.com/news/metro/rezko/894559,CST-NWS-rezko15.article

Clip Source: pajamasmedia.com

On October 2, 2002, Obama gave a speech categorically opposing an invasion of Iraq. He said:

But on April 5, 2004, Barack Obama appeared to significantly alter his position on Iraq. A YouTube video of Obama shows the incredulity on the interviewer’s face as Obama unexpectedly sounded almost like President Bush on the subject of retaining troops in Iraq.

Interviewer: But you said that troops should be withdrawn.

Obama: No, no. I’ve never said that troops should be withdrawn.

Obama’s change of tone in 2004 was so noticeable that Howard Kurtz couldn’t help but notice how striking the Illinois senator’s position was in mid-2004. Obama was quoted as saying:

There’s not that much difference between my position and George Bush’s position at this stage. The difference, in my mind, is who’s in a position to execute.

But Rezko Watch, a blog following the trial of the Chicago political operative and Obama’s close friend and contributor Tony Rezko, remembered that something else took place in April

Tags: obama, rezko, auchi, kirdish power plant, chamchamal power plant