The insistence by the current Executive Branch to enforce false value of financial holdings were a very real part of the collapse of the investment banking infrastructure.
Legislators of the House must regroup and go forward with reforms, but, without the blanket $700 billion free for all funding.
It would be helpful to the national security of the USA, if the House would give special consideration to funding the agricultural needs of the nation, by bolstering the funds available through 'steadfast' agricultural lenders such as Farmers' Home Administration (click here). There should be a blanket understanding that our farmers and their well being are paramount to this nation without a second thought to their fiscal needs.
Legislators of the House must regroup and go forward with reforms, but, without the blanket $700 billion free for all funding.
It would be helpful to the national security of the USA, if the House would give special consideration to funding the agricultural needs of the nation, by bolstering the funds available through 'steadfast' agricultural lenders such as Farmers' Home Administration (click here). There should be a blanket understanding that our farmers and their well being are paramount to this nation without a second thought to their fiscal needs.
By supporting our farm sector unconditionally, it expresses "Nation First" and "We are taking our country back." Of PRIMARY focus to our nation's agriculture; is the need to be the empowerment of Family Farms and NOT the corporate mess that exists today in majority.
Thank you !
...The $US700 billion bailout bill rejected by Congress earlier in the week contained sections giving SEC the power to suspend mark-to-market accounting for any company, and launch a study on how the accounting changes have affected financial institutions.
Mark-to-market valuing, where financial institutions are forced to put a fair value on their assets or liabilities each quarter based on what price those assets could attract in the current marketplace, was introduced in the US last November....
PGG Wrightson can’t settle Silver Fern deal (click here)
by Sarah McDonald Wednesday October 1 2008 - 09:31am
PGG Wrightson has delayed its $220 million purchase of meat company Silver Fern Farms, citing problems with funding arrangements due to market turmoil.
It is still wanting to settle the deal but PGG Wrightson chairman Craig Norgate says the delay will probably be "weeks rather than days".
Mr Norgate says a number of banks that had committed to participate in funding the transaction had since been unable to finalise their credit approvals in time for today's part-settlement.
"This is entirely a function of the extreme financial market conditions and their impact on banks' lending capacity in the current environment,” he said....
The movement to return the agricultural sector to Family Farm units will become overwhelming within a few short years. California's demand to treat animals humanely is only the beginning to the demise of the factory farm and feedlot operations that are shameful to the landscape of the USA.
I encourage everyone that loves their country to support this initiative by California and make it grow across the country and return farm operations to ENERGY EFFICIENT and humane Family Farms.
New Poll Shows California Proposition 2 on Treatment of Farm Animals Leading 72% to 10%
Finance Reports Also Reveal Strong In-State Support (click here)
By Jennifer FearingChief Economist
Humane Society of the United States
As the quarterly campaign finance period closed today, the YES! on Prop 2 campaign reports a tidal wave of voter and donor support from Californians backing the effort to stop the cruel and inhumane treatment of animals on industrial factory farms. In contrast, the donations raised by the No on Prop 2 campaign have come from a handful of corporate factory farming interests—most from out of state and many which are embroiled in a national price-fixing scandal.The results of a new statewide poll by KSFN-Fresno/SurveyUSA shows overwhelming support from voters, with Prop 2 commanding a 62-point lead: 72-10 (18 undecided). Prop 2 is a November ballot measure that seeks to prohibit the most abusive factory farming practices in California and ensure modest animal welfare standards for farm animals by allowing them simply to turn around and stretch their limbs.
Thousands of Californians who care about preventing animal cruelty and promoting food safety have thrown their support behind Prop 2. The opponents of this modest reform are just a handful of miserly corporate interests that put their profits ahead of consumers and animals. But real people understand that all animals deserve humane treatment, including animals raised for food. As of September 30, the YES! on Prop 2 campaign has raised approximately $6.6 million. The donations include funds from The Humane Society of the United States and nine other animal protection organizations, as well as nearly 17,000 gifts from individual donors, with an average gift of $134. Of the individuals who have donated, 63 percent are Californians. On the other side, the No campaign has reported 172 donations from factory farming corporations, totaling $6.9 million for an average gift of $40,285. Only 36 of these donations, or 21 percent, came from California companies. The contributions come from some of the most disreputable factory farms throughout the nation that have a sordid history of abusing animals, damaging the environment, and misleading and gouging consumers.
Prop 2 is supported by The Humane Society of the United States, the California Veterinary Medical Association, the Center for Food Safety, the ASPCA, the Consumer Federation of America, the Center for Science in the Public Interest, the United Farm Workers, Farm Sanctuary, the Cesar Chavez Foundation, California Council of Churches IMPACT, Republican and Democratic elected officials, hundreds of California veterinarians, family farmers, religious leaders, and many others. Jennifer Fearing is chief economist for the Humane Society of the United States. She received a master's degree in public policy from Harvard University’s Kennedy School of Government and a bachelor's degree in economics and political science from the University of California at Davis.
Posted on September 30, 2008
