On the U.S. side, Bloomberg reports that the Federal Reserve injected $24 billion in temporary reserves into the U.S. banking system today.
Earlier this morning in Europe, as all interbank transactions were suspended for two to three hours, the European Central Bank convened an emergency meeting on the acute crisis in the credit markets, and decided to provide an extra overnight facility for the 49 banks which had asked for it, totalling just under 95 billion euros ($130 billion). A senior French banking source said the ECB's hand was forced by "intense demand [for money to cover losses] from the U.S." As in the case of the U.S. Federal Reserve, this was a spectacular reversal of their previous policy that nothing should be done against the worsening liquidity "crunch" worldwide.
The Swiss National Bank had already reversed policy last night, in providing Swiss banks with extra money, according to financial news wires.
Increasingly widespread reports, though denied by Goldman Sachs, said that that bank's $9 billion Global Alpha fund was being liquidated. Other sell-off rumors pointed to the huge D.E. Shaw hedge fund, "worth" $19 billion in assets.
http://www.rense.com/general77/over.htm
Note: http://www.rense.com/ge...

The scum riseth.
Although I wll still give a 'Heads up' I've long sinse given up on the lemings morphing into men (people of action.<br />
My little foray into the wiorld of ndependants for justice quckly ended with the online exchanges with a simple requests to be addressed by my christian name.<br />
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Why do I regurgitate that incident?<br />
Mearly to show that when a simle courtious request is ignored and escalates into a flame war(yes I played a part)there is lttle if any hope for anything other than self interest.<br />
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Those of us who find earlier warnings and then offer then warnings end up preaching to the cgior and already cinverted.<br />
Its going ti be one hellova ride, this future that 'we the sheeple' have sanctioned by indifference<br />
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Best you be arming your selves <a href="http://www.thehomegunsmith.com/">http://www.thehomegunsmith.com/</a><br />
<br />
to protect your selves from those to stupid to pick up<br />
and want to protest, become food for the REAL rulers and haven't the sense god gave a goose.<br />
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<br />
The Second Enclosure Movement and the Construction of the Public Domain<br />
Journal article by James Boyle; Law and Contemporary Problems, 2003<br />
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Journal Article Excerpt <br />
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The second enclosure movement and the construction of the public domain. <br />
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by James Boyle <br />
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The law locks up the man or woman <br />
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Who steals the goose from off the common But leaves the greater villain loose Who steals the common from off the goose. The law demands that we atone When we take things we do not own But leaves the lords and ladies fine Who take things that are yours and mine. The poor and wretched don't escape If they conspire the law to break; This must be so but they endure Those who conspire to make the law. The law locks up the man or woman Who steals the goose from off the common And geese will still a common lack Till they go and steal it back. Anonymous PART ONE: ENCLOSURE I <br />
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THE FIRST ENCLOSURE MOVEMENT <br />
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This poem (1) is one of the pithiest condemnations of the English enclosure movement, the process of fencing off common land and turning it into private property. (2) In a few lines, the poem manages to criticize double standards, expose the artificial and controversial nature of property rights, and take a slap at the legitimacy of state power. And it does this all with humor, without jargon, and in rhyming couplets. Academics (including this one) should take note. Like most of the criticisms of the enclosure movement, the poem depicts a world of rapacious, state-aided "privatization," a conversion into private property of something that had formerly been common property or, perhaps, had been outside of the property system altogether. Sir Thomas More went further, though he used sheep rather than geese to make his point. He argued that enclosure was not merely unjust in itself, but harmful in its consequences--a cause of economic inequality, crime, and social dislocation: <br />
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But yet this is not only the necessary cause of stealing. There is another, which, as I suppose, is proper and peculiar to you Englishmen alone. What is that, quoth the Cardinal? Forsooth my lord (quoth I) your sheep that were wont to be so meek and tame, and so small eaters, now, as I hear say, be become so great devourers and so wild, that they eat up, and swallow down the very men themselves. They consume, destroy, and devour whole fields, houses, and cities. For look in what parts of the realm doth grow the finest and therefore dearest wool, there noblemen and gentlemen.., leave no ground for tillage, they enclose all into pastures; they throw down houses; they pluck down towns, and leave nothing standing, but only the church to be made a sheep-house.... Therefore that one covetous and insatiable cormorant and very plague of his native country may compass about and enclose many thousand acres of ground together within one pale or hedge, the husbandmen be thrust out of their own. <br />
(please read the rest at>)<a href="http://www.questia.com/googleScholar.qst;jsessionid=G9hHrrSjb1NgZgK1GTnhBPnhvpHbFnxjwypWKx1Zq5ZKxv7vSPWd">http://www.questia.com/googleScholar.qst;jsessionid=G9hHrrSjb1NgZgK1GTnhBPnhvpHbFnxjwypWKx1Zq5ZKxv7vSPWd</a>!849695253?docId=5001971163 <br />
Dio<br />
<p>---<br>"When I tell the truth, it is not for the sake of convincing those who do not know it, but for the sake of defending those that do."<br />
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William Blake<br />
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Time for an end run.
the problem or one of the major ones is "Where-ever the dollar rules, Scruples Disappear." :W.D. Diogenes (copyclaim) 2007
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"When I tell the truth, it is not for the sake of convincing those who do not know it, but for the sake of defending those that do."
William Blake