Mike's Blog Roundup
By Mike Finnigan Friday Mar 27, 2009 7:00amOpen Left: Evan Bayh is claiming that the group of GOP enablers he organized has "no agenda."
Capital Eye: Members of a Senate Committee that this week held the first part of a hearing to examine whether health insurance companies are failing to fully pay reimbursements to policyholders haven't had any trouble themselves collecting money from those same companies.
The Plum Line: A zero with the edges rubbed off, and...a working class hero
Donkey Punch: CIA Sez: Electronic Voting Systems Are Not Secure
Clusterstock: Cuomo widens AIG probe
The Sideshow: The stuff of nightmares
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The CIA says the voting systems aren't secure. Oh Noez, who would have guessed?
Evan Bayh is Evan Bayh's agenda.
continuing the family bullshit.
Keep sucking that corporate teat, Evan.
http://www.youtube.com/watch?v=dQ8Z5fjqOYs
Perkins' book was an eye-opener for me. It's an excellent read and clearly details how our government screwed the rest of the world and its general populations out of their resources, enriching the few in those countries who already controlled everything.
Sad thing is, *we* are now the country those "economic hit men" have set their sights on--we have been for some time. The few are being enriched on the backs of the many, and the people of this country are paying a tremendous price. Not just economically, either.
Health care is deteriorating--oh, it's top-notch. No one but the wealthy and connected can afford it, though. Our infrastructure is decrepit, crumbling at an alarming rate. And who is left to pay for this? The average worker, who is lucky to have any measure of insurance or retirement--but who will soon have neither, nor any protections in the form of unions or any kind of labor agreements (good-bye EFCA...both Democrats and Republicans say a cowardly "no").
We have become our own third world country with a first world veneer.
the Wizard of Oz... bright shiny veneer, but nothing behind the curtain. Sad... truly pathetic and sad.
Evan Bayh might as well admit he's a PUMA and won't stop until President Obama's first term lay in ruins.
I know that the Democrats can't do everything at once, but I'm surprised that electoral reform isn't higher on their agenda. I would think, in light of what we've seen over the past nine years, that a federal requirement that all 50 states plus DC use countable paper ballots in elections is a no-brainer.
Is Andrew Cuomo the only AG with a pulse in this country?
Here is James Galbraith with Amy Goodman on Geithner's plan.
As POP wrote, "Evan Bayh is Evan Bayh's agenda." Bowers is right - if they don't have an agenda, why have a group? We saw the same thing with self-absorbed congressional Dems undermining Clinton. If they were representing their constituents' best interests, it would be different, but this is about ego and power, not good policy.
That stupid bitch. When...not IF...the dollar is removed as the world's reserve currency, she won't have time to write idiotic articles...she'll be selling her fat ass for $10 an hour.
What happened with AIG's previous bailouts appears to have been to payoff CDS and related derivatives at 100% - in other words they used the money to pay off the winning bets placed by other companies.
CDS's were designed to hedge the risk buyers of securitized debts assume. But since they didn't require the 'hedger' to actually own the debt, it also allowed 'side bets' from anyone who wanted to gamble some low level premiums that someone else's debt would fail. Thus the failure of a $100,000 mortgage turns into a several million in dispersments to those who 'hedged' the debt. Damn ... with that kind of incentive, it must have been an impossible temptation to not ... nudge the failures along. Unfortunate that that would destroy the world in the process, and the cascading failures would prevent all contracts from being able to be fulfilled ... fortunately we can soak the taxpayers for a few extra trillions before the whole thing falls apart and we have to retire on the our hidden foreign assents.
Of course those trillions of dollars could have been used to prevent the original debts from defaulting at a fraction of the cost. That was what Paulson originally claimed most of the TARP money was for - before he changed his mind.
The Tin Foil Haberdasher in me can't help from wondering if this whole thing was the elites cashing out (and hollowing out the public treasury) before turning the increasingly unmanageable mess they had made over to the 'socialists'.
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