Newspaper logo  
Local Stories, Events

Ref. : Civic Events

Ref. : Arts & Education Events

Ref. : Public Service Notices

Books, Films, Arts & Education

Ref. : Letters to the editor

Health Care & Environment

11.16 Scotland was first Industrialized Country to Run wholly on Wind in October

11.16 How pesticide bans can prevent tens of thousands of suicides a year [how many thousands more die early from eating pesticide-laced food?]

11.15  The long read:  The plastic backlash: what's behind our sudden rage – and will it make a difference? [the world wants to throw-up...]

11.15 Claws out: crab fishermen sue 30 oil firms over climate change [workers are waking-up...]

11.15 Trump administration to cut air pollution from heavy-duty trucks

11.14 Backed by Ocasio-Cortez, Youth Climate Activists Arrested in Pelosi's Office Demanding Democrats Embrace 'Green New Deal'

11.13 What would a smog-free city look like?

11.13 Global report highlights Australia’s renewables potential amid mixed signals for coal

11.13 Interior department whistleblower: Ryan Zinke hollowed out the agency

11.12  This Land is Your Land:  The Zinke effect: how the US interior department became a tool of industry [behaving ignorantly again...]

11.12 Planned Parenthood's new president warns of 'state of emergency' for women's health

11.11 Trump responds to worst fires in California’s history by threatening to withhold federal aid [behaving ignorantly again...]

11.11 Interior department sued for ‘secretive process’ in at-risk species assessment [behaving ignorantly again...]

11.11 Keystone XL pipeline: judge rules government 'jumped the gun' and orders halt [behaving ignorantly again...]

News Media Matters

Daily: FAIR Blog
The Daily Howler

US Politics, Policy & 'Culture'

11.17 As Energy for Medicare for All Explodes, Steny Hoyer's Plan Includes Waiting for Trump to Help Make Obamacare Better [Another who is unfit to be Democrat leader]

11.17 'A Staggeringly Bad Idea': Outrage as Pelosi Pushes Tax Rule That Would 'Kneecap the Progressive Agenda' [Unfit to be Democrat leader]

11.17 Trump Is Starting to Panic

11.16 As 'Green New Deal' Demand Grows, Democrats Have Choice: Confront and Defeat Fossil Fuel Industry or Take Credit for 'Doomed' Planet [Two choices: Save life-on-Earth or help Republicans let it die?]

11.16 Trump’s latest interview shows a president who’s in way over his head

11.16 Why the political fight in Georgia is far from over

11.16 Florida judge sides with Democrats, giving thousands a second chance to fix their ballots

11.15 Democrats Won Big. Can They Go Bold, Too? [it's about suppressing the influence and leadership by Republican-like Democrats who counsel 'íncremental' (no) change, such as Nancy Pelosi, Steny Hoyer, Hillary Clinton, Chuck Shumer and Joe Biden]

11.15 Pentagon Officials Forced to Make Fewer Public Appearances to Avoid Provoking Trump [ revealing Trump's huuuge ignorance]

11.15 REPUBLICANS USED A BILL ABOUT WOLVES TO AVOID A VOTE ON YEMEN WAR [if there are 'defense industry' profits to be made—including congress-critter insider-trading—and political 'donations' to be had, we mustn't stop killing innocent civilians!]

11.15 Big Oil v the planet is the fight of our lives. Democrats must choose a side

Justice Matters
High Crimes?

11.14 The Guardian view on Yemen’s misery: the west is complicit [WAR CRIMES]

Economics, Crony Capitalism

11.16 Amazon’s HQ2 Will Get a Tax Break Designed to Help the Poor [a Republican program that directly helps participating wealthy companies—but only helps workers if and when 'trickle-down' occurs.]

11.16 Trump doesn’t want to punish Saudi Arabia over Khashoggi. His new sanctions prove it. [George W. Bush made a similar immoral decision for the same oily reasons after 9-11, protecting Saudi defense contracts while facilitating the slaughter of poorer Arab "terrorists" in the region.]

11.15 The Earth is in a death spiral. It will take radical action to save us [fossil fuel burning, un-recyclable plastic production/use and methane gas release must cease ASAP.]

International & Futurism

11.17 Saudi crown prince's 'fit' delays UN resolution on war in Yemen

11.17 Thousands gather to block London bridges in climate rebellion [We're losing WWIII because the enemy is invisible while we're like frogs slowly cooking. We aren't informed enough to be alarmed, but must get organized and motivated to fight back. We need a War Plan to ruthlessly pursue the fight of our lives!]

11.17 Policies of China, Russia and Canada threaten 5C climate change, study finds [Climate catastrophe is increasingly likely without worldwide organization, funding and commitment to winning THE WAR AGAINST GLOBAL WARMING.]

11.17 CIA finds Saudi crown prince ordered Jamal Khashoggi killing – report

11.15 Cuba to pull doctors out of Brazil after President-elect Bolsonaro comments [terms must be negotiated for fairness to Cuba's health professionals without disruption of healthcare for Brazil's poor]

11.14 'Appalling' Khashoggi audio shocked Saudi intelligence – Erdogan [Exposing a psychopath?]

11.14 Israel and Hamas launch hundreds of attacks in Gaza clash

11.14 Mueller seeking more details on Nigel Farage, key Russia inquiry target says

We are a non-profit Internet-only newspaper publication founded in 1973. Your donation is essential to our survival.

You can also mail a check to:
Baltimore News Network, Inc.
P.O. Box 42581
Baltimore, MD 21284-2581
This site Web
  Thinking About Toxicity
Newspaper logo


Thinking About Toxicity

by Fred Cederholm
Shortly the Federal Reserve Banking System will assume toxic mortgage CDOs from their current hosts at some form of discount, repackage them, and sell then them to fresh third-party investors at a string of open bid auctions. The devil will be in the details...
I’ve been thinking about toxicity. Actually I’ve been thinking about the unfolding recession/depression, Obama on 60 Minutes, toxic albatrosses, Uncle $ugar as a toxic hedge fund auctioneer, toxic national debt, toxic dollars, and our toxic Congress. Any substantive action last week on the unfolding recession/depression – now being marketed as “THE GREAT CORRECTION” – took a backseat to the brouhaha of $165 MILLION in bonuses paid to potentially culpable parties at AIG from the some $170 BILLION bailout money from the US taxpayers. You’d TH*NK a crime of epic proportions had occurred. Such already had happened, this was but a mini quarterly neo-installment. The $165 MILLION is less than one tenth of one percent of the bailout amount – big whoop! Still it “was a matter of principle” - we all know what happens when DC finds religion and gets principles.

You see we knew our Mr. fix-it-in-chief would more than follow the Bernanke performance on the CBS Newsmagazine 60 Minutes one week later. He would eclipse Ben head shot for head shot and sound byte for sound byte! The ever-present teleprompter was not visible as it was neither on the prior week’s Leno guest spot. Obama scored strike after strike with Steve Crofts on 60 Minutes unlike his “gutter ball” with Jay Leno. The war for hearts and minds about any current economic downturn(s) will continue to be waged and on the air waves and scheduled media events. Can’t dazzle ‘em with results? Baffle ‘em with creative word usage and excessive digits of yet another TRILLION dollar wunderkreig policy initiative! This week’s buzz word is “TOXICITY.” And, there is another TRILLION dollar fix-it plan being rolled-out to implement its program.

There is a certain amount of validity to the assessment that “the behemoths of banking” can not swim on to their golden medals if they continue to be bogged down by the albatrosses of “toxic assets.” The humor here is the coupled marriage of “toxic” – that which can kill you, with “assets” – that which defines your wealth and status. The items in question are those questionable investments which the financial giants are carrying on the plus side of their balance sheet. These are really “toxic liabilities,” but to dub them as such would acknowledge them for the negatives they are; and would define the players carrying them as insolvent, bankrupt, and deep six-ed. Besides who would assume them, or buy them, as TOXIC LIABILITIES in any effort to feather or to improve their own nests?

This will require the marketing magic of a hundred-fold Bernie Madoffs and Allen Stanfords. Uncle $ugar thru slight of hand as financed by the smoke, lights, and mirrors of the Federal Reserve Banking System will assume these invest tumors from their current hosts at some form of discount, repackage them, and sell them to fresh third-party investors at a string of open bid auctions. Will there be any reserve pricing? Will guarantees be made to purchasers? Will verifiable valuations be provided? Will specific properties/addresses be IDed to these reconstituted debt obligations? Lastly, what is the contingency plan if insufficient third party bidders even show up? HUMM..?

In Sunday’s broadcast, Obama criticized the prior Bush/Cheney Administration by stating that their essential failure was in not acknowledging the impracticalness and impossibility of continuing their policies down the road for the long term. I can see those words of assessment coming back to haunt Obama and his Administration in a fairly near term. We are a mere 50+ days into the administration and criticisms/questions are accelerating.

While I like the concept behind the toxicity model, it is so tempting to apply it to other looming disasters. This March 23rd our national debt exceeds $11 TRILLION $54 BILLION. When does our national debt become “toxic asset?” In March of 2006, the US ceased reporting the M3 money supply figures. Last week the Treasury announced that the FED may be forced to buy US Treasury securities unsold at auction by printing yet more money. How will this policy impact the money supply and when does it become a “toxic asset?” I’d argue that our profligate Congress is already “toxic” for us!

I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.

Copyright 2008 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at

Copyright © 2009 The Baltimore News Network. All rights reserved.

Republication or redistribution of Baltimore Chronicle content is expressly prohibited without their prior written consent.

Baltimore News Network, Inc., sponsor of this web site, is a nonprofit organization and does not make political endorsements. The opinions expressed in stories posted on this web site are the authors' own.

This story was published on March 23, 2009.


Public Service Ads: