L'Autre Monde 2 octobre 2008
90 min / Radio de l'UQAM, CHOQ FM
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Cette semaine nous recevons en studio Pierre JC Allard et Me Charles Brochu pour discuter sur le système du droit civil, cette bête à deux vitesses et ses injustices inhérentes. Nous explorons différentes pistes de réformes pour que ce système redevienne plus accessible et juste pour tous.
Soyez au rendez-vous le jeudi à 11h sur les ondes de CHOQ FM!
|Archives d'émission |
***Hyperliens vers les sources des informations discutées sur l'émission d'aujourd'hui:
Maître Charles Brochu:
Y A PAS DE JUSTICE AU QUÉBEC
Le site de Pierre JC Allard à consulter:
Le site Nouvelle Société
Les nouvelles importantes de la semaine à consulter:
Lehman's holding company filed for bankruptcy Sept. 15 claiming $639 billion in assets, using four-month-old data.
sent by fontleroy since 2 days 8 hours 49 minutes, published about 2 days 4 hours 29 minutes
Lehman's holding company filed for bankruptcy Sept. 15 claiming $639 billion in assets, using four-month-old data. The wholly owned brokerage unit shrank to less than $100 billion in assets from $500 billion ``a few months ago,'' according to a Sept. 19 court statement by James Giddens, the trustee overseeing the settling of Lehman brokerage customer accounts by the Securities Investor Protection Corp. ---- ---- The loss in value was caused by ``changes in the market,'' according to Giddens, a partner at law firm Hughes Hubbard & Reed, who spoke at a bankruptcy court hearing in Manhattan. ---- ---- There was a similar capital flight from Bear Stearns earlier this year, he said. ---- ---- Most of Lehman's pre-bankruptcy assets were securities, according to its balance sheets. Lehman said on Sept. 10 that the consolidated gross assets of the firm stood at $600 billion and net assets at $311 billion. The difference between net and gross is the so-called matched book, which is overnight lending or securities pledged for overnight borrowing. ---- ----- Giddens didn't return calls yesterday seeking comment on his statement. SIPC President Stephen Harbeck said he'd seen the brokerage's latest asset totals and couldn't remember the numbers, which ``we don't need to know to do our job'' of settling the 630,000 customer accounts.
The Dutch-Belgian bank Fortis, Britain's Bradford and Bingley, and Iceland's Glitnir, were all partially or fully nationalized after failing to roll-over debts in the short-term money markets, while the French state pledged support for the Franco-Belgian lender Dexia after the share price collapsed on reports of a capital shortage.
You know where that very important $700-billion figure came from?
Here's a quote from that Forbes story:
"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
They made it up to be sufficiently enormous to frighten everyone into rapid action.
Under the martial law procedure, long-standing House rules that require at least one day between the unveiling of significant legislation and the House floor vote on that legislation — so that Members can learn what they are being asked to vote on — are swept away.
In other words, rush the thing through before the Representatives can take a good look at it.
Rep. Michael Burgess (R-TX) reports from the floor of the House that the Republicans have been cut out of the process and called unpatriotic for not blindly supporting the fraudulent bailout. He says the only debate has been about what talking points to use on the American people. The most ominous revelation is when he claims the Speaker has declared martial law.
“I have been thrown out of more meetings in this capital in the last 24 hours than I ever thought possible, as a duly elected representative of 825,000 citizens of north
Rep. Marcy Kaptur (D-OH) warns the American people about Constitutional enemies of the Republic and the fraudulent trillion(s) dollar bailout…
“My message to the American people don’t let Congress seal this deal. High financial crimes have been committed.”
“The normal legislative process has been shelved. Only a few insiders are doing the dealing, sounds like insider trading to me. These criminals have so much political power than can shut down the normal legislative process of the highest law making body of this land.”
The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
So, if they don;t get the bailout they'll just print it up as they go along anyway!
Sept. 29 (Bloomberg) -- The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.
The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed's emergency loan program, will expand by $300 billion to $450 billion. The European Central Bank, the Bank of England and the Bank of Japan are among the participating authorities.
The Fed's expansion of liquidity, the biggest since credit markets seized up last year, came hours before the U.S. House of Representatives rejected a $700 billion bailout for the financial industry. The crisis is reverberating through the global economy, causing stocks to plunge and forcing European governments to rescue four banks over the past two days alone.
On Wednesday, the House passed a mammoth defense bill by a 392-39 vote. It's expected to clear the Senate with little difficulty next week.
It's not like they are spending their OWN money!
Despite all the blather and swearing-on-the-Bible pronunciamentos from establishment “pundits,” our house-of-cards financial system is not fundamentally sound.
Expect such indices as the Dow to tumble even much lower when the Pandora’s box of derivatives is fully opened.
The $700 billion bailout is just a piece of scotch tape keeping the lid of Pandora's Box of Derivatives closed.
Remember: the 700 billion dollar figure was simply pulled out of thin air.
The folks hyping this bailout for privatizing profit and socializing the risk have not a clue in the slightest as to what taxpayers will really have to fork over to rescue these troubled institutions.
As mentioned earlier, the monetary base had a VERY large increase. It went up by over 7.6% in two weeks!
That's a very large creation of money, well into hyperinflation territory. Compounding 7.6% in two weeks for 26 periods gives a 680% increase per year.
Since the $700 billion bailout plan went down in the House of Representatives by a 228-205 margin, talking heads and politicos have been looking for ways to circumvent Congress and give the executive branch the authority to perform a bailout without their consent.
Translation: "Screw you all, American people, we are STILL going to take $700 billion from you and give it to the banks so they can loan it back to you at interest!"
Pelosi looks like she is having an orgasm from screwing the American taxpayers!
Vancouver police are defending a decision by officers to Taser a 16-year-old mother who wouldn't hand her baby over to social workers last Monday, saying the officers were afraid to engage in a tug of war with the mother for what they said was a critically ill baby.
However, the great-grandmother of one-month-old Taige said Friday the baby boy was not critically ill.
Umm, guys? If you taser a mother holding her baby, THE BABY GETS THE ELECTRIC SHOCK AS WELL!!!!!!!
Where do they find these clueless idiots to put in those uniforms?