Summer Starting to End on the Farm

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It has been good spending time on the farm. I really had forgotten how quiet and dark it is here. It can actually be a bit unnerving. The leaf doodle bug was put to work in the forest. However, it looks like the car will be going back on the road. We can say it failed field trials,but that would only be partially true. The better utility value at this point is more suited to getting a teenager back and forth from high school. The mycological aspects of the farm did not disappoint. The pics of these shrooms are not photoshopped. The coal stove (very heavy) is loaded on the truck. It will be rebuilt in Georgia if I can save it. Coal stoves are increasingly out of production. When they are gone they are gone. The small wood stove is now in its place. The pic of the red sky in morning was indeed a warning of weather. We had strong storms and tornados in Upstate NY. Although I was travelling much that day in the area, I missed the worst of it.

From Bloomberg 12-3-11. Try and tell me this isn't scary. We would all be in "occupy wherever" if we could allow ourselves to understand this situation.

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.

Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.

A fresh narrative of the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.

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