JPMorgan to Buy Bear for $2 a Share
AP - Breitbart.com |Just four days after Bear Stearns Chief Executive Alan Schwartz assured Wall Street that his company was not in trouble, he was forced on Sunday to sell the investment bank to competitor…

Fed Takes New Steps to Ease Crisis
AP - Breitbart.com | The Federal Reserve, in an extraordinarily rare weekend move, took bold action Sunday evening to provide cash to financially squeezed Wall Street investment houses, a fresh effort to prevent a spreading credit crisis from sinking the U.S. economy. The central bank approved a cut in its emergency lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately, and created a lending facility for big investment banks to secure short-term loans. The new lending facility will be available to big Wall Street firms on Monday. effort to prevent a spreading credit crisis from sinking the U.S. economy.

Tokyo stocks fall 4%, Nikkei under 12,000 for 1st time since Aug. 2005+
AP - Breitbart.com | TOKYO, March 17 (Kyodo)—(EDS: ADDING DETAILS AND PRICES THROUGHOUT) Tokyo stocks plunged over 4 percent Monday morning with the key Nikkei index diving below the 12,000 mark for the first time since August 2005 on a stronger yen amid market panic over a looming credit crunch. The 225-issue Nikkei Stock Average, which fell nearly 620 points during the past two trading sessions, lost another 514.61 points, or 4.20 percent, from Friday to 11,726.99. The Nikkei last traded below the 12,000 mark on Aug. 10, 2005, when it hit 11,991.69. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 50.45 points, or 4.23 percent, to 1,142.78. Stocks fell across the board led by financial, trading house and real estate issues. Nomura Real Estate Holdings fell 131 yen, or over 8 percent, to 1,499 yen. Trading house Itochu fell 77 yen, or over 7.5 percent, to 947 yen. Mitsubishi UFJ Financial Group dropped 45 yen, or over 5 percent, to 784 yen.

We will never have a perfect model of risk
Alan Greenspan | The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the second world war. It will end eventually when home prices stabilise and with them the value of equity in homes supporting troubled mortgage securities.

Bromley illustration

Record numbers moved to Canada in 2007…
AFP - Breitbart.com | A record 429,649 foreigners came to live in Canada last year, the interior ministry said Friday, claiming the success of the government’s program to bring in immigrants to address . “These numbers show that our immigration program is responding to Canada’s needs, particularly our economic needs,” said immigration minister Diane Finley. But the opposition liberals accused the government of inflating the figures with temporary workers and students. According to the ministry, almost 30 percent of those admitted to the country in 2007, some 178,000 people, came on a temporary basis. More than 251,000 permanent residency permits were issued in 2007, within the target range of 240,000 and 265,000, the ministry added.

# 13: Illinois To Vote On Medical Marijuana
chroniccorner.net
| Illinois - Members of the Senate Public Health Committeevoted 6-4 to legalize the use of medical marijuana in Illinois. A similar bill fell just shy of amajority vote in the Senate last year, and the legislation would make Illinoisthe 13th state…

Landslide Victory for Ron Paul in Missouri
RonPaulforPresident2008.com | Today in Saint Charles County Missouri, the largest Republican County caucus in the state 111 of a possible 137 Delegates were elected for Ron Paul. The St. Charles Caucus was a landslide turnout for Ron Paul. The Republican Platform was amended to oppose the Patriot Act, The Iraq war, the Federal Reserve, Fiat Currency, the Global American Empire, the income Tax, Estate Tax, McCain Fieingold, the National ID Card, The Real ID Act of 2005 and much much more.

Ron Paul on the Surveillance Bill
Antiwar.com | I rise in opposition to this latest attempt to undermine our personal liberties and violate the Fourth Amendment of the Constitution. This bill will allow the federal government to engage in the bulk collection of American citizens’ communications. In effect, it means that any American may have his electronic communications monitored without a search warrant.
As such, the bill clearly violates the Fourth Amendment, which states: “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.”

9/11 Timeline Update - Day of 9/11, Hijackers, the Saudi Connection - Additions as of March 16, 2008
911blogger.com
| There is a ton of new material about the Day of 9/11. There are more entries about the shootdown order, which could have been issued around 9:38 a.m., about 9:50 a.m., after 10:00 a.m., or about 10:18 a.m. Regarding military exercises, some NEADS staff were still unsure whether the day’s military exercises had ended at 10:00 a.m., fighters from Otis were recalled from a training mission at about 9:03 a.m. and other jets on training were sent home at about 9:35 a.m. There were communication problems at NORAD and NEADS, which requested help from another air defence section around 10:00, and also for the three pilots scrambled from Langley.

Will time change the popular perception of the 2008 Ron Paul
Nolan Chart LLC, VA | Even the most disillusioned Paul supporter hopes for this to be the case, unless they would wish ill on the nation in order to have that rare luxury of

Fear for the Second
Kurt Nimmo | The Second Amendment is primarily intended to defend against the tyranny of government, a fact lost in the corporate media hype over gun violence.

Supremes to Rule on Second Amendment this Week
Washington Post | Supremes ready to decide legality of gun ownership predicated on “the 27-word amendment, with its odd structure and antiquated punctuation.”

Bernanke Discards Monetary History With Bear Stearns Bailout
Bloomberg | Bailing out Bear Stearns would represent a “re-drawing of the relationship of the Federal Reserve with the rest of the financial system.”

Bush to Meet with Fed, Treasury Chiefs on Monday
Market Watch | Bush warns “one of the worst things you can do is overcorrect” the economy and cheerfully predicts his less than worthless “rebate” will make things all better in the second quarter.

The Road to Hyper-inflation
Today’s Financial News | Backing paper money with mortgages is nothing new. The French tried it in the late 18th Century, and it lead to hyperinflation.

Bear Stearns Failure Puts World Economy at Risk
Independent | Instead of rounding up the suspects and prosecuting them for engaging in a Ponzi scheme, the Federal Reserve announced it would use our tax money to “rescue” the hedge fund crooks from facing the music of their own criminal folly.

POPE: ENOUGH WITH THE SLAUGHTERS IN IRAQ…
AFP - Breitbart.com |The pope also denounced the 5-year-long Iraq war, saying it had provoked the complete breakup of Iraqi civilian life. “Enough with the slaughters. Enough with the violence. Enough with the hatred in Iraq!” Benedict said to applause at the end of his Palm Sunday Mass in St. Peter’s Square. Pope Benedict XVI issued one of his strongest appeals for peace in Iraq on Sunday, days after the body of the kidnapped Chaldean Catholic archbishop was found near the northern city of Mosul.

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