POWIP Piece of Work In Progress – Former Abode of Dan Collins

QE2 Should Be Renamed EU2

Tyler Durden of Zero Hedge:

In summary, instead of doing everything in its power to stimulate reserve, and thus cash, accumulation at domestic (US) banks which would in turn encourage lending to US borrowers, the Fed has been conducting yet another stealthy foreign bank rescue operation, which rerouted $600 billion in capital from potential borrowers to insolvent foreign financial institutions in the past 7 months. QE2 was nothing more (or less) than another European bank rescue operation!

Read the whole thing.

Soros backing efforts to remove conservatives from local judgeships? Jeff Dunetz:

For the past ten years there has been a well coordinated effort to reshape the composition of America's state courts by excluding conservative, rule-of-law judges from the bench. The plan is to replace the publicly elected judiciary with what they ironically call "Merit Selection. Under “merit selection,” the power to select judges is transferred from the people to a small, unelected, unaccountable commission comprised primarily of legal elites, typically including representatives of powerful special interest groups, such as state trial lawyers associations.

"Who is behind this effort? The Spooky Dude himself, progressive sugar daddy George Soros who's Open Society Institute (OSI) has invested at least $45.4 million into its campaign to reshape the judiciary.

A report by the American Justice Partnership describes the effort as using the full bag of Soros' brand of campaign tactics through an organization his OSI funds called Justice at Sake (JAS) .

Dan Collins

Dan Collins is a dude who blogs. He used to blog elsewhere. Now he blogs here.

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