Tag Archives: radio

The Fed in Hot Water && FOOL’S PARADISE



It’s Friday, you know what that means! A dose of the weekly musical therapy and stoned rhetoric. Eloi will be out this week again. Talking points this week will be Fundamentalist Christian Militias, Philipino Good Friday Traditions, and uhh…we will come up with one more topic when we get to the studio.

It has been a Hazy week for me, so I will upload both episodes in one post a little bit later….Until then here is a good article from truthout


The Fed has finally came clean. It now admits it bailed out Bear Stearns – taking on tens of billions of dollars of the bank’s bad loans – in order to smooth Bear Stearns’ takeover by JPMorgan Chase. The secret Fed bailout came months before Congress authorized the government to spend up to $700 billion of taxpayer dollars bailing out the banks, even months before Lehman Brothers collapsed. The Fed also took on billions of dollars worth of AIG securities, also before the official government-sanctioned bailout.

The losses from those deals still total tens of billions, and taxpayers are ultimately on the hook. But the public never knew. There was no congressional oversight. It was all done behind closed doors. And the New York Fed – then run by Tim Geithner – was very much in the center of the action.

This raises three issues.

First, only Congress is supposed to risk taxpayer dollars. The Fed is not part of the legislative branch. Its secret deals, announced almost two years after they were done, violate the democratic process, if not the Constitution itself. Thomas Jefferson put a stop to Alexander Hamilton’s idea of a powerful central bank out of fear it would be unaccountable to the public. The Fed has just proven Jefferson’s point.

Second, if the Fed can secretly bail out big banks, the problem of “moral hazard” – bankers taking irresponsible risks because they know they’ll be rescued – is far greater than anyone assumed after Congress and the Bush and Obama administrations bailed out the banks. Big banks will always be too big to fail because they know the Fed will secretly back them up if they get into trouble, even if Congress won’t do it openly.

Third, the announcement throws a monkey wrench into the financial reform bill now on Capitol Hill, which gives the Fed additional authority by, for example, creating a consumer protection bureau inside it. Only yesterday, Sen. Jim DeMint (R-S.C.) blasted the Dodd bill for expanding the Fed’s authority “even as it remains shrouded in secrecy.”

The Fed has a big problem. It acts in secret. That makes it an odd duck in a democracy. As long as it’s merely setting interest rates, its secrecy and political independence can be justified. But once it departs from that role and begins putting billions of dollars of taxpayer money at risk — choosing winners and losers in the capitalist system — its legitimacy is questionable.

That it chose to reveal the truth about its activities during a week when Congress is out of town, when much of official Washington and the Washington media have gone on vacation, and only after several federal courts have held that the Fed must release documents related to its bailout of Bear Stearns, suggests it would rather remain secret than become transparent.

Much of what Ben Bernanke and Tim Geithner did (when Geithner was at the New York Fed) in 2008 was presumably necessary. But the public has no way of knowing. The public doesn’t even know who else the Fed has bailed out, or what entities it will bail out in the future. All we know is the Fed secretly bailed out Bear Stearns and AIG and thereby subjected taxpayers to risks that remain even today, without informing the public. That’s not a record on which to build public trust.

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Fool’s Paradise


It’s Friday…You know the drill. Be sure to tune in to this weeks show. Talking points this week will be the 7th year anniversary of the Iraq War, Positive and negative effects of video games, and I’m sure Jonathan Bogus will have something absurd to talk about.

1:30 to 4:00 pm
104.1fm in the greater Berkeley Area
stream it…
www.berkeleyliberationradio.net
IPHONE USERS CAN STREAM THE SHOW FROM THE LINK ABOVE!! DO IT>>>!!

I’ve been working on music and getting way to high, not really focusing on the blog. So here is the last 2 weeks episodes and playlist…

Enjoy.

week 39..
Fool’s Paradise // Buddy Holly
On A Bayonet (fill music) // Beirut
BTSTU -// Jai Paul
Vampires // Jae R
Boundless Boundaries // Onra
10,000 Watts // J Dilla
Human Nature // Toro Y Moi
Ijere // Dr Adolf Ahanotu
What They Wanted To Be Was Useless {FILL MUSIC} // Infinite Body
fools paradise // zzzzziezik
Sun // Caribou
The Big Ship (FILL MUSIC) // Brian Eno
Round And Round // Ariel Pink’s Haunted Graffiti
All The Young Children (Rainbows In Tunnels Mix By LingLing) // Television Personalities
Camera ’84 // Growing
Short Circuit // Daft Punk
Poison // Bell Biv DeVoe
Situation // Yaz
Reindeer Dance (FILL MUSIC) // Rainbro
Space Team (FILL MUSIC) // Bernard Fevre
Me Gustó (Ghosts on Tape Rmx) // Mexicans With Guns
I Saw Eternity The Other Night // Lee Weather
Catamaran // Candy Claws
Cemetaries // Terror Bird
Bradley Bear // Holiday Shores
The Humpty Dance // Digital Underground
yo yo bass // Fateez
The Big Ship (FILL MUSIC) // Brian Eno
36 _02 deshominisation (i) (FILL MUS
Make a resolution // The Impressions
Keepthefunkalive // Devonwho
Gluckskugel // The Race Bruno Spoerri

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Week 38..
Fool’s Paradise // Buddy Holly
36 _02 deshominisation (i) // (FILL MUS
Oklahoma // Weed Diamond
What We Know // Pill Wonder
TV Gamma // No Es Nada Importante
Starlight // Risque
Bermuda // Kisses
Jungle Hurt // Mathematiques Modernes
Vapor Trail (fill music) // Crystal Antlers
29 James Burke & Eno // Where to Sta
The Big Ship (FILL MUSIC) // Brian Eno
EL BEBE AMBIENTE // NGUZUNGUZU
Rollerskate // Matias Aguayo
Tell You (Today) (Vocal) // Loose Joints
Baby (Clock Opera Remix) // Phenomenal Handclap Band
Helelyos // Zia
Chombo Meringue // Les Aiglons De Basse Terre
L’appareil �à sous // Brigitte Bardot
What They Wanted To Be Was Useless // {FILL MUSIC} Infinite Body
power of the people take 1
Para Bailar Cumbia (El Hijo de la Cumbia remix) // Alika y Nueva Alianza
what kind of leaders are those protest_
we need good teachers that are supporting us
Third Man Theme (FILL MUSIC) // Jean-Jacques Perrey & Gershon Kingsley
Onomatopaeia // Human Egg
Galaxy // Running
First Hand Experience In Second Hand Love // Giorgio Moroder
Your Body (Tim Sheridan Remix) // Mike Monday
Transistor (fill music) // Kraftwerk
Across 110th street // Bobby Womack
Victor // Go ON DO IT (radio edit)


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Fool’s Paradise wk 32


Another week of sweet tunes, stupid rants, and sublime frequencies. This weeks pod cast is shorter than usual due to audio troubles but nonetheless a solid show. We re-aired the Tracy Morgan spot and hyped the blog too much.

Also to our Lady friends and readers if you would like to be on Fool’s Paradise we would gladly audition you, we feel the need for a little more balance and another voice. We are also trying to balance out the blog with more articles about topics other than music. Attention ::Web Designers:: we want a professional site and have a little bit of cash to throw you, so if you’re interested hit us up! Fliers and stickers also coming soon, I’ve been lagging on designing em, but I’m going to buckle down and get my photoshop on.

Anyways here’s the play list:

You Know That One Song That’s All “Boom Tss Boom Tsss” with the Keyboard? – Justin Vandervolgen
Thin Moon – James Pants
Sing – Four Tet
Reiko Siberian Railway – Tokio Blues
38 TracyMorgan&NinoRota
Il Pinguino (FILL MUSIC) – Ennio Morricone
Fireworks – Animal Collective
543 Years Ahead Of YOU – Radio Thailand: Transmissions From The Tropical Kingdom
Jeas Cyclo Yol Aularong – Cambodian Rocks
Ape Man (FILL MUSIC) – Augustus Pablo
Rebel Rebel (Soulwax Re Edit) – David Bowie
What you can do in your life – Petalouda
Dangerous Mixture – Bernard Fevre
She’s Lost Control – Joy Division
Wenn Der Südwind Weht [FILL MUSIC] Hans-Joachim Roedelius Wenn Der Südwind Weht
04 Michael And The Slipper Tree – The Equals
I’m So Devoted – The Epsilons
Denise – Randy And The Rainbows
Jonah – Fiveng
Theme From Mondo Cane [FILL MUSIC] – Nino Oliviero & Riz Ortolani
Plasic Mode Plasic Mode – Morgan Geist Presents Unclassics
Moonraker – Future Trends

Get wk 32 here

Here is a couple videos about TransHumanist:


part 2:

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