The 2008 financial crises and meltdown occurred because large banks were speculating in fraudulent risky loans that failed. When the meltdown occurred, banks turned to the federal government, who immediately bought into the idea that banks were too large to fail, and taxpayers subsidized banks to the tune of trillions of dollars. No one really knows how much the bailout cost, but here is partial list of banks you generously helped out:

Citigroup - $2.513 trillion

In this article of the Daily Telegraph Saturday 6th February 2016, the front page present us with a reason why mergers of NSW Councils could become a massive RORT... Is this a double-cross information wedging preparation in favour of our little emperor Bairdus who of course could magnanimously intervene and protect the former councils' assets?

WE SHALL SEE....

Yesterday afternoon news broke of further job cuts to Australia’s premier scientific institution, the CSIRO. The area most affected? Climate science.

A bitter pill to swallow: 

Apparently the "global warming issue" has been settled in Australia. The Australian government now believes that since "global warming is real", there is no need to monitor it anymore through the public purse. Bye bye CSIRO research and expertise — especially in the new climate of innovation where failure is an option... Is Turnbullshitting us? Yes. He is, with a grand ladle of hot poop. What a lot of rubbish. 

from Crikey…

One of the most startling cases of a government using the fig leaf of “national security” to protect its own interests is happening right before our eyes - and it should have Australians up in arms.

James Packer's Crown Resorts has been asked to reduce the size of the podium for its proposed casino tower and move the podium back from the waterfront, to address concerns the lower floors of the casino will dominate the public space and constrict the harbour walkway.

The suggested changes from the Department of Planning NSW are contained in a draft recommendation that was sent to Lendlease and Crown for comment in November last year. The recommendation by the department is for approval of Modification 8 which, among other changes, relocates the hotel from its original site over the water to the land.

The get Russia campaign is in full swing... The lies out of America are coming thick and fast. Because "we" in the west are aligned with the USA, we don't see the trick which is designed to push the Russians to respond in kind. 

The price of oil is in nosedive — mostly designed to hurt Russia. "Some" people — including the Saudis — have been told to make some sacrifices in order to achieve this aim.

The US is about to spend four times as much on "defending Europe (east)" contrarily to all the agreements made between Reagan and Gorbachev