Mike's Blog Roundup
Mother Jones: Make Cap-and-Trade into a bad joke
Consortiumnews: Chas Freeman has spent a goodly part of the last 10 years raising questions that otherwise might never get answered -- or even asked -- because they're too embarrassing, awkward, or difficult. Apparently, that scares lots of neocons and wingers.
DownWithTyranny!: How many "Democrats" will desert working families on the Employees Free Choice Act?
Talking Points Memo: How the Rules Were Rigged
the talking dog: Good news/bad news from the U.S, Supreme Court
ANNALS OF JOURNALISM: Media tax fraud...Faith in the Dow...WaPo brings back Mr. Dow 36,000...CNBC Smackdown...The Rest of Paul Harvey's story...Fox's Fantasyland railroad...Moron with keyboard...Our 'serious' media is sooo liberal...Woodruff parrots GOP talking points to WH budget director...ABC finds funny animals and food in spending bill...NYT readers spit coffee...Media Misdiagnosis...Hometown newspaper...
OK
I'll trade my ass for your cap.
But I don't know what Oklahoma has to do with it.
Diabolus est Deus Inversus
Palestinian Authority Prime Minister to Resign. Excerpts:
"...Mr. Fayyad, a political independent and an American-educated economist, who also serves as finance minister, has gained the trust of Washington and the international community. The announcement was bound to raise anxiety..."
"...a senior adviser to Mr. Fayyad said it was...intended as “a shock to the system” and a message to Israel and the United States. The adviser, speaking on condition of anonymity because he was not authorized to discuss the resignation with reporters, said that Mr. Fayyad felt that he was being “taken for granted” by Israel and the United States, especially because Israel had continued settlement construction in the West Bank, and the United States had not done enough to stop this."
And therein lies the rub. It's opportunity time, Mr. President. Ms. Sec of State. Don't let Mr. Fayyad's resignation be for nothing. Or has our foreign policy really not changed?
The people of privilege will always risk their complete destruction rather than surrender any material part of their advantage." J.K. Galbraith
that helps explain some of the strategies/moves the treasury is taken. the 2005 BANKruptcy rule puts
derivative counter parties in front of the line ahead of other creditors in bankruptcy proceedings. AIG was like a holding company providing CDS(credit default swaps) essentially unregulated like insurance on bonds. to me essentially a "hedge" on a bet. which is smart for the investor. the problem is AIG was/is NOT properly capitalized to cover the collateral calls. eurpean BANKs are involved with AIG also. it's been said that the "toxic assets" owned by european banks through AIG is in the multi trillions. this comment in TPMemo makes a good point if people were to start pulling money out of other AIG subsidaries it could be a hUGE problem. AIG has potential to be an ongoing systemic risk it must be CONTAINED. that's what
the treasury secretary is doing and few understand the strategy.
he opened the way for (first) Joe Pine, then later the deluge of total fuckwitted shitwhistles: Slimeball, Falaffel Bill, Vannity, Blech, all of 'em are his 'step-children. Like them, he apparently was a chickenshit chickenhawk, even in WW II (via Wiki):
You know the story of how Paul Harvey GOT FAMOUS? He claimed on the air, while he was trying to become 'somebody' in Chicago, right after the war (ww ii, the one he unaccoutably missed), that security at the Great Lakes Naval Base was so pourous that the commies and reds were having picnics there. So he and a henchman tried to break in to prove the point, and were arrested when they cliimbed the fence. Unluckily, the feculent fuckwit wasn't shot on the spot.
Nothing wrong with that. Of course you realize that these policies raise prices only on the ultimate consumer. Like sales taxes the producer or manufacturer collects these on behalf of the government. This is great for the nuclear industry. I'd be thankful however, that I didn't live in a jurisdiction whose power grid was was largely coal powered. Their electricity rates are going to increase dramatically.
Hasa Diga Eebowai
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