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Fannie And Freddie Up 65% Since Fridaymarketwatch.com/story/fannie-f… — Daily Bail (@TheDailyBail) May 28, 2013 READ THE STORY AT MARKETWATCH Year-to-date, Fannie Mae shares have leapt 1351% and Freddie Mac shares have gained 1246%.   More details here: Bloomberg Interview With Fannie Mae CEO   — ASSORTED LINKS Another enormous ObamaCare ‘Oops’ Dear Class of ’13: [...]

BEWARE TURTLES AND BURNING WATER SKIS CHECK THIS CLIP OUT – RUNS 1 MINUTE In a little-noticed speech to the Iowa Republican Party this month, Kentucky Senator Rand Paul mocked President Obama’s health care overhaul, noting the 122,000 new medical diagnostic codes doctors will have to use in order to inform the government about injuries [...]

WHY USE GITMO WHEN YOU HAVE DRONES For anyone who hasn’t seen this yet, start watching at 18 seconds. The Droner-in-Chief is heckled by Code Pink protestor Medea Benjamin about shutting down GITMO during his speech at the National Defense University last Thursday.     Article source: http://feedproxy.google.com/~r/TheDailyBail/~3/cn-bvP8XHoc/watch-obama-gets-heckled-over-guantanamo.html

VACATION FROM THE INTERNET IS OVER Back to work. Hope everyone is still around and well prepared for an IRS audit, or a secret Eric Holder privacy incursion. Might as well get started with the good news. The FT writes tonight that Larry Summers is the favorite to replace Bernanke and inherit the Fed’s $4 [...]

TAXPAYER PROFIT Bloomberg Interviews Fannie Mae CEO Tim Mayopoulos Timothy J. Mayopoulos, CEO of Fannie Mae, talks about the company’s turnaround and outlook, the likelihood U.S. taxpayers may profit from their bailout of Fannie and the need for clarity from Congress about the future of the housing finance. “There is a risk that policy makers [...]

NOTHING WRONG WITH SUBPOENA Short clip from yesterday’s press conference.   — AP STORY Govt obtains unprecedented AP phone records in probe The Justice Department secretly obtained two months of telephone records of reporters and editors for The Associated Press in what the news cooperative’s top executive called a “massive and unprecedented intrusion” into how news [...]

NOT ON OUR WATCH Alberto Gonzales: Bush Administration Refused to Pursue Media in Leak Probes Details here…   — AP STORY Govt obtains unprecedented AP phone records in probe The Justice Department secretly obtained two months of telephone records of reporters and editors for The Associated Press in what the news cooperative’s top executive called a [...]

HOLDER PASSES THE BUCK Attorney General Eric Holder testifies before Congress earlier today.   — AP STORY Govt obtains unprecedented AP phone records in probe The Justice Department secretly obtained two months of telephone records of reporters and editors for The Associated Press in what the news cooperative’s top executive called a “massive and unprecedented intrusion” [...]

BitCoin Panic: Department of Homeland Security Shuts Down Payments System The Department of Homeland Security has shut down Dwolla, a mobile payment service used to withdraw and deposit money into Mt. Gox, the Bitcoin trading platform.  — ASSORTED LINKS Amazon launches virtual currency and gives millions away for free to Kindle owners US ambassador summoned [...]

Student Annihilates Teacher: ‘Enough Freaking Packets!’ MODERN EDUCATION EXPOSED Youtube viral video with more than 1.2 million views in just the last 6 days. Jeff Bliss gives an unforgettable lesson to his teacher at Duncanville High School in Texas.       May 15, 2013 at 12:32 PM | Comment | Facebook Twitter |

TAX DOLLARS AT WORK Star Trek video produced by the IRS for a 2010 training and leadership conference.   — WAIT THERE’S MORE IRS GILLIGAN’S ISLAND   — HOW THE IRS WASTES BILLIONS IN TAXPAYER FUNDS Bankrupting America IRS Issued More Than $11 Billion In Faulty Refunds: “The Internal Revenue Service issued more than $11 billion [...]

The Other Thing JPMorgan Was Doing in Its Chief Investment Office: Profiting On the Death of Employees | wallstreetonparade.com/2013/03/the-ot… — Daily Bail (@TheDailyBail) May 10, 2013 WITHOUT CONSENT   The Other Thing JPMorgan Was Doing in Its London Office Gambling on high-risk synthetic credit derivatives is not the only area of interest at JPMorgan’s  Chief [...]

Warren Buffett Says He Wouldn’t Buy Gold Even at $800 http://www.bloomberg.com/news/2013-05-05/warren-buffett-says-he-s-not-a-buyer-of-gold-after-price-slump.html ‘‘If gold went to $1,000 I wouldn’t be a buyer. If it went to $800, I wouldn’t be a buyer. It’s never interested me. If you go back to 1965, Berkshire was at $15 and gold was at $35, so you could’ve bought two [...]

HOLY SHITE FLASHBACK Just found this clip. Obama jokes about the IRS auditing the President and Board of Regents of Arizona State University while delivering the commencement address at ASU in 2009. If you remember, the background to this story was that ASU chose not to award an honorary degree to Obama because he hadn’t [...]

NEW DETAILS FROM ABC IRS Enemies List Started Three Years Ago Was Much More Extensive Than First Thought The White House says it had no idea the IRS was targeting Tea Party groups. THE PLOT THICKENS ABC News has obtained a draft of a soon-to-be-released investigative report showing that the Internal Revenue Service began targeting [...]

BFFs President Obama and British Prime Minister David Cameron’s Joint Press Conference As David Cameron prepares for the G8 summit in Northern Ireland, he met with President Obama at the White House today to discuss the two countries’ continuing partnership. In a joint press conference, the leaders answered questions on IRS targeting of conservative groups, [...]

May 14, 2013 at 1:52 AM | Comment | Facebook Twitter | Email Article View Printer Friendly Version Email Article to Friend Post a New Comment Article source: http://feedproxy.google.com/~r/TheDailyBail/~3/XeKgg8G7Ye4/santelli-warns-keep-the-irs-out-of-obamacare.html

CROCODILE TEARS A tear runs down the face of U.S. President Barack Obama as he answers questions about the attack on the U.S. embassy in Benghazi, Libya while Britain’s Prime Minister David Cameron listens during a joint news conference in the East Room of the White House in Washington, May 13, 2013. Photo Credit: REUTERS/Jim [...]

MUST SEE PHOTOS http://www.washingtonpost.com/sports/redskins/do-no-harm-who-should-bear-the-costs-of-retired-nfl-players-medical-bills/2013/05/09/2dae88ba-b70e-11e2-b568-6917f6ac6d9d_story.html After 24 knee operations, the National Football League’s former Man of the Year leans heavily on a crutch. When Reggie Williams pulls up his pants leg, what’s underneath looks like the trimmings from a butcher shop. His right leg is so ravaged that it’s three inches shorter than his left. Worse, [...]

WATCH: Obama Comments On IRS Scandal OUTRAGEOUS President Obama discusses IRS targeting of conservatives and Tea Party Groups.       May 13, 2013 at 8:46 PM | Comment | Facebook Twitter | Email Article View Printer Friendly Version

HYPOCRISY WATCH — Governor’s Escape From Prison Taught Him Importance Of Being Tough On Drug Users Reason Mitch Daniels, Indiana’s governor, told The Daily Princetonian that “justice was served” when he was arrested for marijuana possession during his junior year at Princeton. But like many pot smokers who became politicians, Daniels, a potential contender for the 2012 Republican [...]

NUNS WITH A HABIT Meet the Nuns with a Cocaine Smuggling Habit Police have arrested three young women dressed as nuns who were trying to smuggle 13 pounds (more than 6 kilos) of cocaine hidden under their habits through the Colombian island of San Andres, a notorious drug trafficking route. Details here…   Article source: [...]

FRIDAY HUMOR Look-alike inflatable tanks are meant to act as decoy targets for enemy weapon systems, helping to protect real military hardware from destruction. The Rusbal tanks contain simulators that produce radar and thermal radiation, which closely mimic the signature of actual Russian tanks.  Factory workers inflate imitation tanks in a factory in Moscow. Airtight [...]

WHO’S OVERSEEING JAMIE DIMON? JPMORGAN IS THE WORST OFFENDER Start watching at 45 seconds. Josh Rosner this morning with Tom Keene discussing Jamie Dimon’s future, and violations at JPMorgan compared to other banks. JPM is the worst of all its peers in regulatory matters.   Warren Buffett: I’m 100% For Jamie Dimon     Article source: [...]

IRS admits targeting conservatives for tax scrutiny in 2012 election http://www.washingtonpost.com/business/economy/irs-admits-targeting-conservatives-for-tax-scrutiny-in-2012-election/2013/05/10/3b6a0ada-b987-11e2-92f3-f291801936b8_story.html The Internal Revenue Service on Friday acknowledged that it flagged political groups with “tea party” or “patriot” in their names for special scrutiny when they applied for tax-exempt status, an admission that is fueling long-held suspicions among conservatives that the agency has been singling [...]