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Mark Williams -- having seen his Tea Party Express booted from the National Tea Party Foundation for his nakedly racist screed about "coloreds" -- went on CNN Newsroom with Don Lemon yesterday and announced he was stepping down as the TPE spokesman. In the process, demonstrated exactly why the Tea Parties cannot distance themselves from their racists within quite as easily as they'd like:

LEMON: So I want to ask you, why did you resign from the Tea Party Express?

WILLIAMS: To take the spotlight off of me. It's a movement. It's not about me. It's not about my ego. It's not about my fat head. I did succeed in getting the NAACP to the table. And by the way this tea party federation which represents exactly 40 groups out of 5,000, I was never a member of. I have no idea who they are, but they threw me out.

Hmmmm. This is most peculiar, since the press release announcing the formation of the National Tea Party Foundation in April 2009 lists the Tea Party Express as one of its founding member organizations. And I can't find any indication the Tea Party Express ever indicated that this listing was in error.

In any event, Williams then went on to explain that he was still very much a Tea Party activist:

LEMON: OK. So listen, if you say that you wanted to take the spotlight off of you, I have to ask you then why did you accept this interview if you don't want to be in the spotlight?

WILLIAMS: I weaselled on you last time. The reason why I canceled last time was because the day before David Webb went on TV and did all this nonsense about kicking me out of a group I never belonged to, I had sat down with the Urban League, the NAACP, Reverend Al and a bunch of other people and we reached an agreement to put all the rancor behind us and find common ground.

This guy Webb, looking for headlines, cashing in, whatever it was, decided he would chime in. That makes me the issue when the issue should really be America and what we're working to save.

LEMON: OK.

WILLIAMS: I am still a Tea Partier. I just don't speak officially for the Tea Party Express.

And then he demonstrated exactly the kind of racist ignorance that is embedded deeply in the movement he formerly represented:

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The thing no one in power likes to talk about is, for capitalism to function, there has to be a way to accurately assess risk. Now we know that there is simply no way to know what anyone on Wall Street is actually doing. You'd think that both Republicans and Democrats could agree on the need for strict regulation and transparency, but so far you'd be wrong:

It was like a hidden passage on Wall Street, a secret channel that enabled billions of dollars to flow through Lehman Brothers.

In the years before its collapse, Lehman used a small company — its “alter ego,” in the words of a former Lehman trader — to shift investments off its books.

This was reported last month in the bank examiner's report of Lehman's collapse:

The examiner, Anton R. Valukas, refers repeatedly to “Repo 105,” a name for a set of accounting tactics originated by Lehman that temporarily shuffled about $50 billion off the firm’s balance sheet for the two fiscal quarters before it collapsed.

You read that right: $50 billion.

The firm, called Hudson Castle, played a crucial, behind-the-scenes role at Lehman, according to an internal Lehman document and interviews with former employees. The relationship raises new questions about the extent to which Lehman obscured its financial condition before it plunged into bankruptcy.

While Hudson Castle appeared to be an independent business, it was deeply entwined with Lehman. For years, its board was controlled by Lehman, which owned a quarter of the firm. It was also stocked with former Lehman employees.

None of this was disclosed by Lehman, however.

Entities like Hudson Castle are part of a vast financial system that operates in the shadows of Wall Street, largely beyond the reach of banking regulators. These entities enable banks to exchange investments for cash to finance their operations and, at times, make their finances look stronger than they are.

Critics say that such deals helped Lehman and other banks temporarily transfer their exposure to the risky investments tied to subprime mortgages and commercial real estate. Even now, a year and a half after Lehman’s collapse, major banks still undertake such transactions with businesses whose names, like Hudson Castle’s, are rarely mentioned outside of footnotes in financial statements, if at all.

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Well, you'd think Bill O'Reilly would at least be a little embarrassed that Fox News Channel was the only news entity on cable TV not to broadcast last week's "Hope for Haiti" concert.

But no. Instead of apologizing or even mentioning some kind of lame excuse why Fox didn't air it, on his show last night O'Reilly actually went on the warpath against the benefit and its organizers, demanding "transparency" and a full accounting of where all the money's going.

What really got his dander up? The benefit's organizers "wouldn't or couldn't" provide a spokesman to come on his show and explain himself.

In my dreams, the answer O'Reilly's people got when they called was this: "WTF? You want us to find someone to take time out of the hard work we're doing here just to satisfy Bill O'Reilly's ego? Get stuffed! If one of the participating channels wanted transparency, we'd be delighted to open the books for them. But we don't owe Fox News Channel a goddamn thing. Good-bye."

Raw Story: 135,000 uninsured Americans will die before health reform takes effect, analysis finds. Some useless Dems will declare ‘victory’ but Dean says “kill it.”

Consortiumblog:: How banks fleece the unemployed

The Agonist: Hoyer: Bring back Glass-Steagall

Balloon Juice: Somebody hose off Vitter

Climate Progress: Gore derangement syndrome

James Wolcott is deadly...