The Tonka Report

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Archive for January 10th, 2010

House Panel Wants Geithner To Testify About New York Fed And AIG!

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Brady Dennis / The Washington Post – January 10, 2010

The chairman of the House oversight committee turned the spotlight Friday once again on the government’s much-maligned bailout of American International Group, saying he would ask Treasury Secretary Timothy F. Geithner to testify about whether company executives were told to withhold key details about how they were spending taxpayer money.

Rep. Edolphus Towns (D-N.Y.), chairman of the House Committee on Oversight and Government Reform, said he will hold a hearing later this month to examine the Federal Reserve Bank of New York‘s role in advising AIG to limit its disclosures about billions of dollars it paid to other firms during the height of the financial crisis. Geithner was head of the New York Fed at the time.

“More than one year after the first federal bailout of AIG, the American people continue to question where their tax dollars were really sent when the government rescued this company,” Towns said in a statement. “I continue to believe that a comprehensive review of the rise and fall of AIG and the involvement of counterparties can provide a useful vehicle to understanding how inadequate regulations, cheap money, risky business deals, and in some instances, corruption led to the current economic crisis.”

He called for the hearing after the release this week of e-mails showing that the New York Fed had asked AIG to refrain from disclosing details about payments it had made to trading partners in the wake of its $85 billion initial federal bailout in late 2008. AIG transferred more than $62 billion to a number of large domestic and foreign banks, including Goldman Sachs and Société Générale, paying those obligations at full value.

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Restoration Of Scientology Material By L. Ron Hubbard Now Complete

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Matt Sedensky / Associated Press – January 8, 2010

CLEARWATER, Fla. – More than 1,000 unreleased recordings of lectures by L. Ron Hubbard and reams of corresponding writings have been unveiled in the culmination of a 25-year project to locate, restore and transcribe lost pieces of the Scientology founder’s work.

Though sure to be derided by the church’s many critics, its followers say the materials amount to an opportunity to deepen understanding of the religion and to release the last known unpublished Hubbard works dealing with Scientology and Dianetics.

“It would be like discovering that Buddha, unbeknownst to anybody, had sat down and wrote down the entirety of his discoveries and it could be verified that he wrote it,” said Tommy Davis, the church’s top spokesman.

The new materials were announced in a New Year’s celebration at the Shrine Auditorium in Los Angeles that was broadcast to churches around the world last week and include 1,020 lectures and hundreds of corresponding booklets from courses and other sessions with Scientology ministers from 1953 to 1961. They include discussions of how Hubbard arrived at the principles of Dianetics and his research on everything from decision-making to personal responsibility.

Scientology Is Black Magic

The Tonka Report Editor’s Note: L. Ron Hubbard was a Satanist following Aleister Crowley’s lead straight into hell, as are their followers! SJH

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