Behind every great fortune...
Wayne Johnson
austin-ghetto-list@pairlist.net
Fri Feb 27 09:24:16 2004
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Omigod, even J.K. Rowling?
I weep.
wj
----- Original Message -----=20
From: Byron Black=20
To: austin-ghetto-list@pairlist.net=20
Sent: Thursday, February 26, 2004 11:11 PM
Subject: Behind every great fortune...
Mario Puzo uses the quote in the frontespiece of "The Godfather". It's =
from Balzac , I believe, and translates as "Behind every great fortune =
there is a great crime."
BBBBBBBBBBBBBBBBBBBB
----- Original Message -----=20
From: Gerry Storm=20
To: austin-ghetto-list@pairlist.net=20
Sent: Friday, February 27, 2004 9:23 AM
Subject: Re: American Dreams turn to nightmares...
<<That means that womens' ovulation is an act of murder?<<
Oh yeah, Bubba, those split-tails are the source of all humanity's =
problems. Just think of all the healthy sperm who die unnecessarily =
because the of the scarcity of eggs. How long are we going to stand by =
and allow this to happen? If there were more multiple births we could =
destroy the planet in half the time it is currently taking us. We will =
probably need a constitutional ammendment...
I'm still in somewhat of a state of shock after reading the on-line =
unauthorized biography of Papa Bush and the connected families of the =
Skull&Bones boys. Howard, I think, posted the link awhile back and I =
have been working my way through it. I'm glad they keep a roster of each =
class of 15 initiates per year, they will be at the front of the line =
when the guillotines begin again. Of course Kerry is one of them too, =
and although he hasn't taken the capitalist route, his ancestors are =
among the originals, the Forbes family. According to the book these =
families made their original fortunes in the opium trade with China. =
They were the Tory sympathizers who had a fit when Jefferson was =
elected. Just goes to show you that dope dealing can pay off big time =
when you have a captive market, and that behind every big fortune there =
is ton of misery.
G
----- Original Message -----=20
From: Wayne Johnson=20
To: austin-ghetto-list@pairlist.net=20
Sent: Thursday, February 26, 2004 5:38 PM
Subject: Re: American Dreams turn to nightmares...
Ohmigosh, Gerry, you have said the "C-W" words! How could you be =
so, so, so un-uh, Republican!
Next thing you will be saying is that the Vatican and Jerry =
Falwell have no right to dictate what women do with their own bodies.
You know, if "souls" arrive fairly soon after or even =
simultaneously with sperm-egg joining, then there must be some =
proto-souls locked up in those eggs! That means that womens' ovulation =
is an act of murder?
wj
----- Original Message -----=20
From: Gerry Storm=20
To: austin-ghetto-list@pairlist.net=20
Sent: Thursday, February 26, 2004 3:01 PM
Subject: Re: American Dreams turn to nightmares...
I believe Mr. Greenspan just assured Kerry's election. Never =
have liked the conniving little sack of dropping, never really believed =
he has a grasp on the economy and its fluctuations. Glad to see Kerry =
step up and challenge his logic. Sure, we need to keep the onerous tax =
cuts in place or it might threaten the economy, or to be more explicit, =
we need to protect the rich and fuck over those who need their SSI to =
survive or prices may go up at the Mall.
IT IS TIME FOR CLASS WAR!!!! THEY HAVE GONE TOO FAR!!!!
These bastards now believe that they can pull a fast one on the =
millions of boomers who are approaching retirement and on those of us =
who are collecting SSI as well (by changing the formula used to =
calculate cost of living adjustments). How dare they! I think we should =
begin by burning the suburbs and parking car bombs on Wall Street and in =
the parking lots of banks. Anyone have Greenspan's address? Where is =
Timothy McVey when we need him?
Just joking, of course, we don't really need Timothy, he left us =
his technology.
G
----- Original Message -----=20
From: Frances Morey=20
To: austin-ghetto-list@pairlist.net=20
Sent: Thursday, February 26, 2004 12:21 PM
Subject: Fwd: American Dreams turn to nightmares...
This is too horrible to even contemplate. Can this be =
happening at a time when the people on this list are on the cusp of =
retirement? I feel helpless as I witness the news that my social =
security has been sacrificed to homeland insecurity.
Frances
David Rubinson <rubinson@kab.com> wrote:
Date: Thu, 26 Feb 2004 08:27:47 -0500
To: (Recipient list suppressed)
From: David Rubinson=20
Subject: American Dreams
How much of this are we going to take ?
If there is a single immutable deal that exists between The =
USA and its people, it is that WE work our lives off, and WE contribute =
OUR share, and the USA provides money for our old age in return. That's =
the deal.
And now, if I can believe my eyes and ears, we are being =
told that the deal may be off.
Bill Graham used to say: "It's not the Money, it's the =
MONEY."
When you make a deal, you deliver. There is no other way.
I do what I say, you do what you say.
Period. Done.
In a marriage. love affair, or business deal- the moment =
that one of the partners decides to NOT live up to the deal, the wedding =
is OFF bro.
The test of a deal and of any relationship, is not when =
things are swell.
Anyone can live up to their commitments when things are =
swell.
Its when things are hard. It's when you may have another =
offer that is better- or when you have to actually give something up to =
fulfill your end of the bargain- that's when the true test comes.
George the Lesser knew the deal when he walked into the =
Saloon.
And he has betrayed us.
What amazes me most is that the ones he has most profoundly =
betrayed, support him most ardently.
Had he laid it all put to us, had he run on a platform of =
huge deficits, dollar devaluation, and dilution of our Social Security--
and given us the CHOICE- how many people would have voted =
for that ?
But- George does not believe in putting his cards on the =
table.
In this saloon, he is the one with the aces up his sleeve, =
and a marked deck.
We have not been given any choice-=20
We have been denied the fundamental rights of a Democracy.
The government has decided to spend our money on war, and =
not on us.
They have reneged on our deal.
They deserve to be treated like any other cheat at the =
table-
Thrown out into the dust, and shot in the ass.
Oh, and by the way- forget that mortgage you were going to =
get- =20
The War is going to go on for at least another milennium, so =
- ahhh, our money is a little low right now.
Maybe the in laws have a spare room ?
--------------------------------------------------------------------
washingtonpost.com=20
Fed Chief Urges Cut In Social Security=20
Future Benefits Must Be Curtailed, Greenspan Warns=20
excerpts. For complete text access:
=
http://www.washingtonpost.com/wp-dyn/articles/A7099-2004Feb25.html?referr=
er=3Demail
By Nell Henderson
Washington Post Staff Writer
Thursday, February 26, 2004; Page A01=20
Federal Reserve Chairman Alan Greenspan warned Congress =
yesterday that the federal government has promised more retirement =
benefits than it can pay for and must consider scaling back those =
commitments soon to avoid damaging the economy in the future.
"I am just basically saying that we are overcommitted at =
this stage," Greenspan told members of the House Budget Committee as =
they discussed the future costs of the Social Security and Medicare =
systems.
Greenspan, who supported President Bush's 2001 tax cuts, =
again endorsed Bush's proposal to make the cuts permanent. However, he =
said in response to questions that raising taxes would inevitably be =
part of any successful effort to reduce the growing federal budget =
deficit. He stressed that he prefers cutting government spending as much =
as possible before increasing taxes.=20
"You don't have the resources to do it all," Greenspan said. =
To curtail future spending, Greenspan urged Congress, as he =
has in the past, to consider cutting promised Social Security benefits =
to future retirees. Otherwise, he said, the growing burdens would create =
long-term budget deficits that would drive up interest rates and depress =
economic growth, making it even harder for the government to pay its =
bills.
Greenspan said Congress should act as soon as it can because =
it would take several years to convince financial markets that the =
actions will be effective, and because future retirees deserve enough =
advance warning to plan their finances accordingly. About 20 percent of =
the elderly rely on Social Security for all their income, the government =
estimates.
=3D=3D=3D
Greenspan supports permanent tax cuts:=20
Federal Reserve chairman Alan Greenspan said - that Congress =
should make President Bush's tax cuts permanent and cover the $1 =
trillion price by trimming future benefits in Social Security and other =
entitlement programs.
=
http://www.boston.com/business/taxes/articles/2004/02/13/greenspan_suppor=
ts_permanent_tax_cuts/
=20
washingtonpost.com=20
Greenspan Warns Panel On Fannie, Freddie=20
Mortgage Giants' Size Poses Risk, He Says=20
=
http://www.washingtonpost.com/wp-dyn/articles/A3321-2004Feb24.html
By Kathleen Day
Washington Post Staff Writer
Wednesday, February 25, 2004; Page E01=20
Federal Reserve Board Chairman Alan Greenspan warned =
Congress yesterday that the rapid growth of mortgage giants Fannie Mae =
and Freddie Mac poses a threat to the stability of U.S. financial =
markets and urged lawmakers to address the issue while the companies are =
healthy, rather than wait for a crisis.
In his most expansive critique of the two government =
sponsored enterprises, or GSEs, Greenspan told members of the Senate =
Banking, Housing and Urban Affairs Committee that he favors =
"privatizing" the companies by ending the government subsidies they =
enjoy in the form of lower borrowing costs and tax breaks.
Acknowledging that such action is unlikely because of the =
companies' influence in Congress, Greenspan said lawmakers should =
consider limiting the multitrillion-dollar debt the enterprises take on =
each year, arguing that their below-market borrowing costs encourage the =
GSEs to grow faster than the housing market and contribute little to =
their mission of promoting home ownership.
And he said Congress must revamp the Office of Federal =
Housing Enterprise Oversight (OFHEO), the agency that regulates the =
companies, to give it powers equal to bank regulators. Unlike OFHEO, =
bank regulators can require a riskier institution to hold more cash. =
Banks can also be put into receivership and be liquidated if they become =
insolvent.
"One of the reasons why the issue of Fannie and Freddie =
didn't arise earlier is they weren't large enough and didn't create a =
potential significant problem for the overall financial system," =
Greenspan said. "But they will almost surely do [so] in years ahead =
unless some changes are made in the structure of how these organizations =
function."
Spokesmen for Fannie Mae and Freddie Mac, whose chairman =
will testify before the Senate committee today, said they welcome =
efforts to strengthen federal oversight but took issue with most of =
Greenspan's other remarks.
"We, of course, disagree with most of his conclusions, but =
appreciate that he has now made his strongly held views public," said =
Jayne Shontell, head of investor relations for Washington-based Fannie =
Mae.
A Freddie Mac spokesman said that "privatizing the housing =
GSEs would seriously damage the finest housing finance system in the =
world and, ultimately, the U.S. economy."
=3D=3D=3D
CIA chief predicts war with no end:=20
He offered the Senate intelligence committee a bleak vision =
of a war on terrorism without end, in which even the destruction of =
al-Qa'eda would not make America safe.
http://www.informationclearinghouse.info/article5761.htm
David Rubinson
,,,, ,,,,
\\\ ///
~~~~~~~~~~{=F4=BF=F4}~~~~~~~~~~~~~~~~~
~~~~~~~~~~( . ) ~~~~~~~~~~~~~~~~~
:::::::::::::::::: ooo:::ooo =
:::::::::::::::::::::::::::::::::::::::::::::
:::::::::::::::::: ( ) :::( =
)::::::::::::::::::::::::::::::::::::::::::::
( ) ( )
=20
in J A M A I C A=20
YAH !! MON !!=20
Quote of The Day
"As far as we're concerned, we've been entirely successful. =
Our objective has been achieved. That tyrant Saddam is gone, and the =
Americans are in Baghdad. What was said before is not important."=20
Ahmad Chalabi, President, Iraq Governing Council=20
----------------------------------------------------------------------
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<DIV><FONT face=3DArial size=3D2>Omigod, even J.K. Rowling?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I weep.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>wj</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dblacky@cbn.net.id href=3D"mailto:blacky@cbn.net.id">Byron =
Black</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Daustin-ghetto-list@pairlist.net=20
=
href=3D"mailto:austin-ghetto-list@pairlist.net">austin-ghetto-list@pairli=
st.net</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, February 26, =
2004 11:11=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Behind every great=20
fortune...</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Mario Puzo uses the quote in the =
frontespiece of=20
"The Godfather". It's from Balzac , I believe, and translates as =
"Behind every=20
great fortune there is a great crime."</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>BBBBBBBBBBBBBBBBBBBB</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dmesmo@gilanet.com href=3D"mailto:mesmo@gilanet.com">Gerry =
Storm</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Daustin-ghetto-list@pairlist.net=20
=
href=3D"mailto:austin-ghetto-list@pairlist.net">austin-ghetto-list@pairli=
st.net</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, February 27, =
2004 9:23=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: American Dreams =
turn to=20
nightmares...</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2><<That means that womens' ovulation is an =
act of=20
murder?<<</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV>Oh yeah, Bubba, those split-tails are the source of all =
humanity's=20
problems. Just think of all the healthy sperm who die=20
unnecessarily because the of the scarcity of eggs. How long are we =
going to=20
stand by and allow this to happen? If there were more multiple =
births we=20
could destroy the planet in half the time it is currently taking us. =
We will=20
probably need a constitutional ammendment...</DIV>
<DIV> </DIV>
<DIV>I'm still in somewhat of a state of shock after reading the =
on-line=20
unauthorized biography of Papa Bush and the connected families of =
the=20
Skull&Bones boys. Howard, I think, posted the link awhile back =
and I=20
have been working my way through it. I'm glad they keep a roster of =
each=20
class of 15 initiates per year, they will be at the front of the =
line when=20
the guillotines begin again. Of course Kerry is one of them =
too, and=20
although he hasn't taken the capitalist route, his ancestors =
are among=20
the originals, the Forbes family. According to the book these =
families made=20
their original fortunes in the opium trade with China. They were the =
Tory=20
sympathizers who had a fit when Jefferson was elected. Just goes to =
show you=20
that dope dealing can pay off big time when you have a captive =
market, and=20
that behind every big fortune there is ton of misery.</DIV>
<DIV>G</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dcadaobh@shentel.net =
href=3D"mailto:cadaobh@shentel.net">Wayne=20
Johnson</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Daustin-ghetto-list@pairlist.net=20
=
href=3D"mailto:austin-ghetto-list@pairlist.net">austin-ghetto-list@pairli=
st.net</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, February =
26, 2004=20
5:38 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: American =
Dreams turn to=20
nightmares...</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Ohmigosh, Gerry, you have said =
the "C-W"=20
words! How could you be so, so, so un-uh,=20
Republican!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Next thing you will be saying is =
that the=20
Vatican and Jerry Falwell have no right to dictate what women do =
with=20
their own bodies.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>You know, if "souls" arrive =
fairly soon after=20
or even simultaneously with sperm-egg joining, then there must be =
some=20
proto-souls locked up in those eggs! That means that womens' =
ovulation is an act of murder?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>wj</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dmesmo@gilanet.com =
href=3D"mailto:mesmo@gilanet.com">Gerry=20
Storm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Daustin-ghetto-list@pairlist.net=20
=
href=3D"mailto:austin-ghetto-list@pairlist.net">austin-ghetto-list@pairli=
st.net</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, February =
26, 2004=20
3:01 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: American =
Dreams turn=20
to nightmares...</DIV>
<DIV><BR></DIV>
<DIV>I believe Mr. Greenspan just assured Kerry's election. =
Never have=20
liked the conniving little sack of dropping, never really =
believed he=20
has a grasp on the economy and its fluctuations. Glad to see =
Kerry step=20
up and challenge his logic. Sure, we need to keep the onerous =
tax cuts=20
in place or it might threaten the economy, or to be more =
explicit, we=20
need to protect the rich and fuck over those who need their SSI =
to=20
survive or prices may go up at the Mall.</DIV>
<DIV> </DIV>
<DIV>IT IS TIME FOR CLASS WAR!!!! THEY HAVE GONE TOO =
FAR!!!!</DIV>
<DIV> </DIV>
<DIV>These bastards now believe that they can pull a fast one on =
the=20
millions of boomers who are approaching retirement and on those =
of us=20
who are collecting SSI as well (by changing the formula used to=20
calculate cost of living adjustments). How dare they! I think we =
should=20
begin by burning the suburbs and parking car bombs on Wall =
Street and in=20
the parking lots of banks. Anyone have Greenspan's address? =
Where is=20
Timothy McVey when we need him?</DIV>
<DIV> </DIV>
<DIV>Just joking, of course, we don't really need Timothy, he =
left us=20
his technology.</DIV>
<DIV>G</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dfrances_morey@yahoo.com=20
href=3D"mailto:frances_morey@yahoo.com">Frances Morey</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Daustin-ghetto-list@pairlist.net=20
=
href=3D"mailto:austin-ghetto-list@pairlist.net">austin-ghetto-list@pairli=
st.net</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, =
February 26, 2004=20
12:21 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Fwd: American =
Dreams=20
turn to nightmares...</DIV>
<DIV><BR></DIV>
<DIV>This is too horrible to even contemplate. Can this =
be=20
happening at a time when the people on this list are on =
the cusp=20
of retirement? I feel helpless as I witness the news that my =
social=20
security has been sacrificed to homeland insecurity.</DIV>
<DIV>Frances</DIV>
<DIV><BR><BR><B><I>David Rubinson <<A=20
=
href=3D"mailto:rubinson@kab.com">rubinson@kab.com</A>></I></B>=20
wrote:</DIV>
<BLOCKQUOTE class=3Dreplbq=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: =
#1010ff 2px solid">Date:=20
Thu, 26 Feb 2004 08:27:47 -0500<BR>To: (Recipient list=20
suppressed)<BR>From: David Rubinson =
<RUBINSON@KAB.COM><BR>Subject:=20
American Dreams<BR><BR><FONT size=3D3>How much of this are =
we going to=20
take ?<BR>If there is a single immutable deal that exists =
between=20
The USA and its people, it is that WE work our lives off, =
and WE=20
contribute OUR share, and the USA provides money for our old =
age in=20
return. That's the deal.<BR>And now, if I can believe =
my eyes=20
and ears, we are being told that the deal may be =
off.<BR>Bill Graham=20
used to say: "It's not the Money, it's the MONEY."<BR>When =
you make=20
a deal, you deliver. There is no other way.<BR>I do what I =
say, you=20
do what you say.<BR>Period. Done.<BR>In a marriage. love =
affair, or=20
business deal- the moment that one of the partners =
decides to=20
NOT live up to the deal, the wedding is OFF bro.<BR>The test =
of a=20
deal and of any relationship, is not when things are=20
swell.<BR>Anyone can live up to their commitments when =
things are=20
swell.<BR>Its when things are hard. It's when you may have =
another=20
offer that is better- or when you have to actually give =
something up=20
to fulfill your end of the bargain- that's when the =
true test=20
comes.<BR>George the Lesser knew the deal when he walked =
into the=20
Saloon.<BR>And he has betrayed us.<BR>What amazes me most is =
that=20
the ones he has most profoundly betrayed, support him most=20
ardently.<BR>Had he laid it all put to us, had he run on a =
platform=20
of huge deficits, dollar devaluation, and dilution of our =
Social=20
Security--<BR>and given us the CHOICE- how many =
people=20
would have voted for that ?<BR>But- George does not =
believe in=20
putting his cards on the table.<BR>In this saloon, he is the =
one=20
with the aces up his sleeve, and a marked deck.<BR>We have =
not been=20
given any choice- <BR>We have been denied the fundamental =
rights of=20
a Democracy.<BR>The government has decided to spend our =
money on=20
war, and not on us.<BR>They have reneged on our =
deal.<BR>They=20
deserve to be treated like any other cheat at the =
table-<BR>Thrown=20
out into the dust, and shot in the ass.<BR>Oh, and by the =
way- =20
forget that mortgage you were going to get- <BR>The =
War is=20
going to go on for at least another milennium, so - =
ahhh, our=20
money is a little low right now.<BR>Maybe the in laws have a =
spare=20
room ?<BR>
<HR>
</FONT><FONT face=3Darial size=3D2><B>washingtonpost.com</B> =
<BR></FONT><FONT size=3D5><B>Fed Chief Urges Cut In Social=20
Security</B></FONT><FONT size=3D3> <BR><B>Future Benefits =
Must Be=20
Curtailed, Greenspan Warns <BR></B>excerpts. For complete =
text=20
access:<BR><A=20
=
href=3D"http://www.washingtonpost.com/wp-dyn/articles/A7099-2004Feb25.htm=
l?referrer=3Demail"=20
=
eudora=3D"autourl">http://www.washingtonpost.com/wp-dyn/articles/A7099-20=
04Feb25.html?referrer=3Demail<BR><BR></A></FONT><FONT=20
size=3D2>By Nell Henderson<BR>Washington Post Staff=20
Writer<BR>Thursday, February 26, 2004; Page A01 =
<BR><BR></FONT><FONT=20
size=3D3><B>Federal Reserve Chairman Alan Greenspan warned =
Congress=20
yesterday that the federal government has promised more =
retirement=20
benefits than it can pay for and must consider scaling back =
those=20
commitments soon to avoid damaging the economy in the=20
future.<BR><BR>"I am just basically saying that we are =
overcommitted=20
at this stage," Greenspan told members of the House Budget =
Committee=20
as they discussed the future costs of the Social Security =
and=20
Medicare systems.<BR><BR></B>Greenspan, who supported =
President=20
Bush's 2001 tax cuts, again endorsed Bush's proposal to make =
the=20
cuts permanent. However, he said in response to questions =
that=20
raising taxes would inevitably be part of any successful =
effort to=20
reduce the growing federal budget deficit. He stressed that =
he=20
prefers cutting government spending as much as possible =
before=20
increasing taxes. <BR><BR><B>"You don't have the resources =
to do it=20
all,"</B> Greenspan said. <BR><BR><B>To curtail future =
spending,=20
Greenspan urged Congress, as he has in the past, to consider =
cutting=20
promised Social Security benefits to future retirees. =
Otherwise, he=20
said, the growing burdens would create long-term budget =
deficits=20
that would drive up interest rates and depress economic =
growth,=20
making it even harder for the government to pay its=20
bills.<BR><BR></B>Greenspan said Congress should act as soon =
as it=20
can because it would take several years to convince =
financial=20
markets that the actions will be effective, and because =
future=20
retirees deserve enough advance warning to plan their =
finances=20
accordingly. About 20 percent of the elderly rely on Social =
Security=20
for all their income, the government=20
estimates.<BR><BR>=3D=3D=3D<BR></FONT><FONT =
size=3D4><B>Greenspan supports=20
permanent tax cuts: <BR><BR></B></FONT><FONT =
size=3D3>Federal Reserve=20
chairman Alan Greenspan said - that Congress should make =
President=20
Bush's tax cuts permanent and cover the $1 trillion price by =
trimming future benefits in Social Security and other =
entitlement=20
programs.<BR><A=20
=
href=3D"http://www.boston.com/business/taxes/articles/2004/02/13/greenspa=
n_supports_permanent_tax_cuts/"=20
=
eudora=3D"autourl">http://www.boston.com/business/taxes/articles/2004/02/=
13/greenspan_supports_permanent_tax_cuts/<BR></A> <BR></FONT><FONT=20
face=3Darial size=3D2><B>washingtonpost.com</B> =
<BR><BR></FONT><FONT=20
size=3D5><B>Greenspan Warns Panel On Fannie, =
Freddie</B></FONT><FONT=20
size=3D3> <BR>Mortgage Giants' Size Poses Risk, He Says =
<BR><A=20
=
href=3D"http://www.washingtonpost.com/wp-dyn/articles/A3321-2004Feb24.htm=
l"=20
=
eudora=3D"autourl">http://www.washingtonpost.com/wp-dyn/articles/A3321-20=
04Feb24.html<BR><BR></A></FONT><FONT=20
size=3D2>By Kathleen Day<BR>Washington Post Staff =
Writer<BR>Wednesday,=20
February 25, 2004; Page E01 <BR><BR></FONT><FONT =
size=3D3>Federal=20
Reserve Board Chairman Alan Greenspan warned Congress =
yesterday that=20
the rapid growth of mortgage giants Fannie Mae and Freddie =
Mac poses=20
a threat to the stability of U.S. financial markets and =
urged=20
lawmakers to address the issue while the companies are =
healthy,=20
rather than wait for a crisis.<BR><BR><B>In his most =
expansive=20
critique of the two government sponsored enterprises, or =
GSEs,=20
Greenspan told members of the Senate Banking, Housing and =
Urban=20
Affairs Committee that he favors "privatizing" the companies =
by=20
ending the government subsidies they enjoy in the form of =
lower=20
borrowing costs and tax breaks.<BR><BR></B>Acknowledging =
that such=20
action is unlikely because of the companies' influence in =
Congress,=20
Greenspan said lawmakers should consider limiting the=20
multitrillion-dollar debt the enterprises take on each year, =
arguing=20
that their below-market borrowing costs encourage the GSEs =
to grow=20
faster than the housing market and contribute little to =
their=20
mission of promoting home ownership.<BR><BR>And he said =
Congress=20
must revamp the Office of Federal Housing Enterprise =
Oversight=20
(OFHEO), the agency that regulates the companies, to give it =
powers=20
equal to bank regulators. Unlike OFHEO, bank regulators can =
require=20
a riskier institution to hold more cash. Banks can also be =
put into=20
receivership and be liquidated if they become =
insolvent.<BR><BR>"One=20
of the reasons why the issue of Fannie and Freddie didn't =
arise=20
earlier is they weren't large enough and didn't create a =
potential=20
significant problem for the overall financial system," =
Greenspan=20
said. "But they will almost surely do [so] in years ahead =
unless=20
some changes are made in the structure of how these =
organizations=20
function."<BR><BR>Spokesmen for Fannie Mae and Freddie Mac, =
whose=20
chairman will testify before the Senate committee today, =
said they=20
welcome efforts to strengthen federal oversight but took =
issue with=20
most of Greenspan's other remarks.<BR><BR>"We, of course, =
disagree=20
with most of his conclusions, but appreciate that he has now =
made=20
his strongly held views public," said Jayne Shontell, head =
of=20
investor relations for Washington-based Fannie =
Mae.<BR><BR><B>A=20
Freddie Mac spokesman said that "privatizing the housing =
GSEs would=20
seriously damage the finest housing finance system in the =
world and,=20
ultimately, the U.S. =
economy."<BR><BR></B>=3D=3D=3D<BR><BR><B>CIA chief=20
predicts war with no end: <BR><BR></B>He offered the Senate=20
intelligence committee a bleak vision of a war on terrorism =
without=20
end, in which even the destruction of al-Qa'eda would not =
make=20
America safe.<BR><A=20
=
href=3D"http://www.informationclearinghouse.info/article5761.htm"=20
=
eudora=3D"autourl">http://www.informationclearinghouse.info/article5761.h=
tm<BR><BR></A><X-SIGSEP>
=
<P></X-SIGSEP>  =
;=20
</FONT><FONT face=3D"Lucida Handwriting" size=3D3><B>David=20
=
Rubinson<BR></B></FONT> &n=
bsp; &nb=
sp;=20
<B>,,,,=20
=
,,,,<BR></B> &=
nbsp; =20
\\\ ///<BR><FONT color=3D#0000ff =
size=3D3>~~~~~~~~~~</FONT><FONT=20
color=3D#800000 size=3D3><B>{</FONT><FONT =
size=3D3>=F4</FONT><FONT=20
color=3D#800000 size=3D3>=BF</FONT><FONT =
size=3D3>=F4</FONT><FONT=20
color=3D#800000 size=3D3>}</B></FONT><FONT color=3D#0000ff=20
size=3D3>~~~~~~~~~~~~~~~~~<BR>~~~~~~~~~~</FONT><FONT =
color=3D#800000=20
size=3D4><B>( . )</B></FONT><FONT =
color=3D#800000 size=3D3>=20
</FONT><FONT color=3D#0000ff=20
size=3D3>~~~~~~~~~~~~~~~~~<BR> :::::::::::::::::: =
</FONT><FONT=20
color=3D#800000 size=3D2><B>ooo</B></FONT><FONT =
color=3D#0000ff=20
size=3D3>:::</FONT><FONT color=3D#800000 =
size=3D2><B>ooo</FONT><FONT=20
size=3D2> </B></FONT><FONT color=3D#0000ff=20
=
size=3D3>:::::::::::::::::::::::::::::::::::::::::::::<BR> =20
:::::::::::::::::: </FONT><FONT color=3D#800000 =
size=3D2><B>( =20
)</FONT><FONT size=3D2> </B></FONT><FONT color=3D#0000ff=20
size=3D3>:::</FONT><FONT color=3D#800000 size=3D2><B>( =
)</B></FONT><FONT color=3D#0000ff=20
=
size=3D3>::::::::::::::::::::::::::::::::::::::::::::<BR></FONT><FONT=20
=
size=3D3> &nbs=
p; =20
</FONT><FONT color=3D#800000 size=3D2><B>( )</B> =
</FONT><FONT=20
size=3D2> </FONT><FONT =
color=3D#800000=20
size=3D2><B>(=20
=
)<BR><BR> &nbs=
p; =20
<BR></FONT><FONT=20
size=3D4> =
in J A=20
M A I C A =
<BR> =20
YAH !! MON !!</B></FONT><FONT size=3D3>=20
<BR><BR>Quote of The Day<BR><BR><B>"As far as we're =
concerned, we've=20
been entirely successful. Our objective has been achieved. =
That=20
tyrant Saddam is gone, and the Americans are in Baghdad. =
What was=20
said before is not important." <BR><BR>Ahmad Chalabi,=20
</B><I>President, Iraq Governing Council</I> =
</FONT></P></BLOCKQUOTE>
<P>
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