WTC Building 7 Demolition Videos

The official story according to NIST is that one column failed due to the “thermal expansion’ of a few main trusses. Does this look like one column failing to you?  Where is the “raging inferno’ that caused the expansion?

Eliot Spitzer: Geithner, Bernanke “Complicit” in Financial Crisis and Should Go

by Scott Creighton

There is a good interview with Eliot Spitzer on Democracy Now I would like you guys to take a look at. In it, Spitzer puts forward the notion that Bernanke and Geithner should be removed from their respective offices because they were “complicit” in the economic meltdown of the last year and a half. He’s pretty accurate, but even he misses the mark in the end.

He’s suggesting that Bernanke had all the regulatory tools he needed to stave off this crisis long ago but that he refused to use them. His suggestion is that Bernanke ultimately helped the banks and financial institutions get away with these outrageously dangerous Ponzi scheme financial practices with the idea that in the end, IF THEY DIDN’T WORK, then ultimately they could use the Treasury (ie taxpayer money) to bail them out. What Spitzer fails to understand is that Bernanke, Summers, Geithner, Rubin, Paulson, and all the rest were certainly smart enough to know that their derivatives creating, CDS based economic model would ONLY enrich a certain element of the population, and that ultimately, it HAD to FAIL.

You see, the TARP bill and the bailout of AIG (which sent BILLIONS to the banks) weren’t really “bailouts”.

In a bailout, the important aspect of it is that it is a REACTION to an UNEXPECTED EVENT.  The collapse of the economy wasn’t an unexpected event; it was ALWAYS PART OF THE PLAN… and therefore, so were the bailouts.

This is a very different situation than Spitzer seems to want to suggest.  Yes, Bernanke and Geithner are complicit.  Yes, they should go.  But the fact is, they should go to prison, not get shuffled into Goldman Sachs or Bank of America where they can reap their rewards in the private sector.  It’s a big difference.  They didn’t want regulation not because they actually think regulation is bad for business, but because they KNEW that the regulation wouldn’t permit their criminal activity and thus their ludicrous profits.

But other than that, it’s a good interview with the man who used to be called the Sheriff of Wall Street. Go watch it, or if you have a slow connection, the full transcript is there as well.

Once someone YouTubes it, I will put it up here.

Obama jobs summit: “No money for jobs”

by Barry Grey, WSWS

Thursday’s White House summit on jobs was an open display of the callousness and indifference of President Barack Obama and the American corporate elite to the plight of the working class.

In the course of a two-hour “brainstorming” session with 130 corporate CEOs, government officials, trade union executives and economists, Obama flatly rejected any major new allocation of federal funds to create jobs and ruled out a second stimulus package. Two days after he announced an escalation of the deeply unpopular war in Afghanistan, which he said would cost $30 billion a year, Obama insisted at Thursday’s gathering that the government’s resources were too “limited” to finance job creation programs.

Instead, he appealed to the multi-millionaire CEOs in attendance to propose measures that would induce them to begin hiring workers. “What’s holding back business investment and how we can increase confidence and spur hiring?” he asked. “And if there are things that we’re doing in Washington that are inhibiting you, then we want to know about it.”

The CEOs of FedEx and Walt Disney—whose combined compensation last year surpassed $61.5 million—responded with demands for cuts in corporate taxes,…

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