Saturday, November 24, 2012

Kat's R Eeeezeyer to Luv, Hon

"Coffee, Tea, ... Aspirin?"
They are easier to love - for real!  You will never find a cat who holds a grudge.  A cat will love you unconditionally after he/she has established a bond with you.  Cats are fiercely loyal too - once you get to know them.  And after a while, you realize you're actually a "cat magnate"; which is the highest honor bestowed upon a human by a furry friend. 

Cats are always available.  Everywhere I go, there's always a cat looking for you to be your best friend, your companion, and your comedian.  My cats put a smile on my face; even after a very bad day.  I can't recall a day without laughter.

But, like in all relationships, cats have been known to cause sorrow; especially, if the cat has gone to heaven or got lost and unable to find his/her way home.  Cats are really, really cute.  They need humans to watch over them.  They are naturally inquisitive, so they do get into trouble sometimes.  That's why cats and humans have a symbiotic relationship with each other.  Cat lovers depend on them for all the reasons mentioned above; and cats depend on humans to take care of them and to keep them safe from harm. 

So, this Christmas, consider adopting a cat.  They are so cute, quiet, and will really appreciate your hospitality.  With a little patience, they will eventually learn to adapt to your personality and lifestyle.  On occasion, their individual personality does come out.  And when that happens, you'd be totally amazed at how alike they are to you.  Cats are a lot of fun to have around.

Enjoy your cat.

Tuesday, November 06, 2012

The U.S. Economy

As one former U.S. Securities and Exchange Commission official said: - "The total amount of federal resources committed so far this year [2008] to support the financial markets, housing, and financial institutions conservatively exceeds $6.4 trillion. This amount is certain to grow, as already-announced programs are brought online and existing programs are expanded. This $6.4 trillion figure, I should hasten to point out, does not include the $5.7 trillion in Fannie and Freddie debt and mortgage-backed securities that is currently outstanding, and that Congress has not backed with the full faith and credit of the U.S. government. Nor does it include the $165 billion stimulus package enacted earlier this year."

"To recap the various sources of this $6.4 trillion in federal support so far:"

"The Treasury's Troubled Asset Relief Program accounts for $700 billion, and its Money Market Mutual Fund Guarantee program accounts for $50 billion. For the Treasury, this totals three-quarters of a trillion dollars. The Fed's GSE Debt and MBS Purchase Program accounts for $600 billion, and its swap lines for another one-half trillion. Its Money Market Investor Funding Facility has been estimated at $540 billion. Beyond that, its Term Auction Facility represents $400 billion; its Commercial Paper Funding Facility, $280 billion; the Term Asset-Backed Securities Lending Facility another $200 billion; and the Term Securities Lending Facility, $190 billion. The Fed's share of the Citi bailout is $291 billion. Its commitment to the AIG bailout, including the credit facility, Maiden Lane II, and Maiden Lane III, is currently $113 billion. The Fed's Primary Credit Facility is $100 billion. And the Fed's Asset-Backed Commercial Paper Money Market Fund Liquidity Facility is $60 billion, on top of its Primary Dealer Credit Facility at $52 billion. All total, this comes to just under $2.5 trillion for the Fed — not counting the $29 billion to fund the JP Morgan Chase acquisition of Bear Stearns. The FDIC has committed $1.4 trillion to its Senior Unsecured Bank Loan Guarantees. And its Non-Interest Bearing Deposit Guarantees account for another $500 billion. Its guarantee to GE Capital represents $139 billion. And its share of the Citigroup bailout is $10 billion. That is a total of $2.049 trillion for the FDIC. Finally, the FHA's Hope for Homeowners Guarantee Program represents a commitment of $300 billion."

The former SEC official also quoted the following:

"I have been focused on oversight and advisory responsibilities for both the Troubled Asset Relief Program administered by the Department of the Treasury, and the conservatorship of Fannie Mae and Freddie Mac. The Emergency Economic Stabilization Act, and the Housing and Economic Recovery Act of 2008, gave the Chairman of the SEC a formal role on the oversight boards for both the TARP and the GSEs. It is in this capacity that I have had the opportunity to consider how our national government came to intervene to such an extent in the private sector, and how we can ensure that this intervention comes to an end and is unwound as early as possible."

The speech made December 2008 by Christopher Cox was found on the SEC.gov website. As far as I can tell, no other mainstream media outlet has ever printed or promoted this information aggressively.

Shocking that the media never made this publicly known to all Americans! And today, we are told by our government (via media outlets like bloomberg.com, marketwatch.com, cnn.com, ... etc...) that more taxpayer money will be needed because our economy has worsen and will get worse before it gets better.
Retrieved from "http://en.wikipedia.org/wiki/User:Ronewirl"

WARNING: use Wikipedia at your own risk. It has already destroyed two computers of mine. It's our own damn government that's behind the whole fiasco and boon doggle...and it's just the beginning. During the prosperous years, why didn't our government allocate the budget to redecorate Washington, DC then. Why now?