Mike's Blog Roundup
Hullabaloo: The federal agency that insures bank deposits, which is asking for emergency powers to borrow up to $500 billion to take over failed banks, is facing a potential major shortfall in part because it collected no insurance premiums from most banks from 1996 to 2006.
Crooked Timber: Let us rally to protect the delicate flower of rugged individualism
Senate Guru: If you do something stupid, malicious, duplicitous or self-concerned that happens to also break a law, there will be repercussions, as Hookerlover David Vitter and his Republican former colleague Norm Coleman are finding out.
The Satirical Political Report: CNBC replaces Cramer with...Kramer!
Mad Kane’s Political Madness: Can't win an argument on the merits? Just use the "distraction" gambit
Progressive Blog Digest: All round up, all the time
Bristol Palin and Levi Johnson have ended their relationship. Read it in a little note in today's paper.
I'll bet Mr. Johnson is glad as hell that Sarah Palin is not VP today!
Hell, I'm overjoyed every time I consider that possibility.
n/t
We're all clear that if it had been I that opened an unauthorized security door at the airport, it would have been boot-to-the-head time and I'd be charged with terrorism and in prison right now, right?
would have landed two days ago.
________________
common sense matters as much as truth
Diaper Davey has been forgiven by his wife and GOD hisself!
So he's a little "rash..."
not collecting premiums from financial institutions from 1996 to 2006 under direction from the Congress is just the last little piece needed to complete the puzzle - at least for me.
Can there be any doubt now that this whole economic mess, which the fatcats keep trying to blame on plain folks who "defaulted" on their mortgages, is absolutely nothing more than an engineered plan by the
elites to crash this economy and steal our way of life??!!!
"Egotism is the anesthetic that dulls the pain of Stupidity" - Frank Leahy
that's what they're up too.
he and his party have done so much for us.
________________
common sense matters as much as truth
From Balloon Juice:
Don't try to confuse the issue with half-truths and gorilla dust.
the FDIC needs more funds because it did NOT collect premiums from 1996 to 2006. NOW they will increase the premiums of active BANKs which of course will be passed on to consumers essentially a TAX in my opinion.
the MORE this unraveals the more i do want to see an full investigation. this bernie Madoff circus routine
is just a bread and circus act.
if it goes to shore up the system, then we pay a price we should have paid anyway.
________________
common sense matters as much as truth
understood. i would say that it would have been easier/less painful to have been paying 1996 to 2006 vs. NOW when we are paying a lot of other cost(s).
...that would be nice. If only we could find someone in the entire US government who is not corrupt!!! Look what a fine job the commission did when "investigating" 9/11.
Seriously, it's just like the fox guarding the hen house - almost everyone is complicit and they don't know how to do anything but tell lies and manufacture cover-ups. Oh, and then manufacture the next crisis to distract the public from their previous lies and cover-ups.
"Egotism is the anesthetic that dulls the pain of Stupidity" - Frank Leahy
From watching TV? Never fear. . . with barf away tablets! (If you experience death please discontinue and call your doctor immediately)
It seems to me that the Reslugs will just keep losing because they have all crooks and criminals in their hate party.
they are re-branding themselves! It will be so much better when they hip-hop their way to extinction.
________________
common sense matters as much as truth
No party has the exclusive franchise on corruption, slease, mendacity and venality.
Look at the Dim party in New Mexico...but wait til your breakfast has settled...
n/t
trying to make shit work. what's gotten into them?
________________
common sense matters as much as truth
It had to come from the Executive...
Sorry...
The kool-aid stand is behind you and too the right...
Man I hope people wake up soon
We had our wake-up call in 2000, and "we" hit the snooze alarm...
We are, for all practical purposes, fucked...
Israel Stance Was Undoing of Nominee for Intelligence Post
By MARK MAZZETTI and HELENE COOPER
Charles W. Freeman Jr., a former ambassador to Saudi Arabia, withdrew from consideration for a top intelligence post following a successful campaign by pro-Israel lobbyists.
---------------
heaven forbid you opposes israeli genocide of palestinians.
________________
common sense matters as much as truth
n/t
cRamer is scheduled to be on jON SteWart tonight. that could get heated but probably NOT. i've been watching cNBC the last 8-10 yrs. when i can. these last few weeks they have been very/snarky about
Obama policy. but what's interesting the market has a turnaround/rally and Nothing about Obama. when it's daily decline it's geithner's fault/obama's fault. wallStreet is trying very hard to put blame on obama. BANKS
and financial institutions want a social rescue/bailout for their "shadow banking"/grEEd and they want Obama/liberals/dems and the public to take the BLAME.
this is a good read. "churn is the American way". that is the painful truth.
Throw a Shoe at Bush = 3 Years in Prison, Invade a Country Based on Lies = 0 Time in Prison
By: Leen Thursday March 12, 2009 6:50 am
Why does anyone wonder why there is little to no respect for so called Justice systems around the world. Bush and Company run free after they invade a country based on lies and hundreds of thousands are dead as a direct result, thousands are injured and 5 million are refugees. The scales of justice are broken.
"(BAGHDAD) — The attorney for an Iraqi journalist who threw shoes at then-President George W. Bush says his client has been sentenced to three years in prison for assaulting a foreign leader.
Defense lawyer Mohammed al-Abboudi says the decision against journalist Muntadhar al-Zeidi comes after a short trial Thursday in which al-Zeidi pleaded not guilty to the charge. (See pictures inside a Baghdad prison.)"
http://www.time.com/time/world/article/0,8599...
Call Senator Spector
http://emptywheel.firedoglake.com/2009/03/12/...
Update: Predictably, Arlen "Scottish Haggis" Specter put a one-week hold on Dawn Johnsen. Call Specter at (202) 224-4254 and tell him to stop obstructing Obama's nominees. It's time we cleaned up OLC and Specter's just ensuring the Cheneyesque abuse of power will continue for a few more weeks.
In short time, the Office of Professional Responsibility will release a report on the abuses of John Yoo at OLC. The report will describe a process which Yoo used to "analyze" law that looks something like this:
1. David Addington calls Yoo and tells him what program Cheney wants to do--or has already started doing
2. An official request for a memo comes from Alberto Gonzales or Jim Haynes, presenting that desired program as a hypothetical--"what if we wanted to do X"--rather than the fait accompli Addington presented it as over phone or email
3. Yoo drafts a memo authorizing that program
4. Yoo eliminates or otherwise frivolously dismisses references to key precedents like Youngstown or Milligan
5. Yoo scours obscure documents--like insurance legislation or TV series--to find standards for torture and domestic surveillance that allows him to stretch the limits of legality well beyond belief
6. Yoo finalizes draft and sends it to Addington
7. Addington corrects it with a big red pen
8. Yoo makes Addington's final changes and distributes memo to about 3 people
9. All 3 people receiving the memo put it into a drawer, a briefcase, or a man-sized safe, to make sure those implementing this program will never see it
10. When Congress or the ACLU or some other do-gooder asks for a copy, tell them it's unclassified, but they still can't have it "so there"
Today, the Senate Judiciary Committee will finally consider Dawn Johnsen's nomination to head up OLC (it should be on the committee stream at 10--though she's the last thing on the agenda). You'll hear a lot of Republicans--Arlen "Scottish Haggis" Specter and Tom Coburn, among others--claiming that Dawn Johnsen is a radical who eats babies and loves terrorists.
But compare how Dawn Johnsen--that soon to be accused-baby eater--has promised to craft OLC memos to how we know Yoo did (what Johnsen calls the advocacy model).
Maybe if we're nice to the bankers and give them even more money, they'll become nice, responsible people... What could go wrong?
Counterpunch here
AIG sues the IRS because they think they paid $306 million too much in taxes. Ha!
Meanwhile they got bailed for double what the company is worth or can repay. Little Timmy who is just a hen guarding the foxes' den gave them $1 for those phony CDOs which were, it is now said, worth 47¢.
---
Michael Parenti at Democracy Now here. His recent essay 'Capitalism’s Self-inflicted Apocalypse' here.
---
The über capitalist at another big bank today said they were profitable, just like the other guy yesterday, so the 'market' buys up their stock. Never mind the TARP money, the phony accounting, the toxic assets and the stuff on hock with the Fed.
We're profitable because our Uncle lent us a huge pile of money which we are not going to pay back. Ha!
There is a sucker born every minute.
---
Video here - Transcript here
Little Timmy in an interview with Charlie Rose says capitalism will be different. I have yet to see any convincing evidence that the idea is taking hold on Capital Hill.
I say it should be repealed, it is corruption of the human spirit.
Timmy also says he will crack down on tax cheats.
Has he paid his own taxes yet? What is lost in the public discourse is the sense of irony.
How can these people say this stuff with straight faces?
statusquObama, change you can only pretend in
Comments are closed on this entry