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Saxby Chambliss is starting to lose it
Time: 00:28 | 11 recs
Posted by kpete
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Former Regulator: Clear Fraud in Financial Crisis -- Why Isn't Anyone in Jail?
In the aftermath of the corporate scandals earlier this decade, investor confidence was (partially) restored by a parade of "perp walks" of fallen chieftains like Ken Lay, Bernie Ebbers, and Dennis Kozlowski. But nearly two years into the bursting of booms in housing and mortgage securities, scant few related arrests have been made — and most of those have been focused on individual mortgage brokers vs. major industry leaders. "There is no poster child because you need to investigate, and you need to bring cases and we haven't done either against the major players," says William Black, Associate Professor of Economics and Law at the University of Missouri — Kansas City and a former federal regulator. Black, who was counsel to the Federal Home Loan Bank Board during the S&L Crisis and blew the whistle on the "Keating Five" in 1989, says investigations have shown fraud incidence of 50% at (once) major subprime lenders like IndyMac and Countrywide. (with video)
Discuss (5 posts) | Yahoo / Finance Outside link
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Ford mulls corporate jet sale (they have 5)
12 minutes ago · DETROIT (AP) -- Ford Motor Co. may sell its fleet of five corporate jets after top executives of the three Detroit automakers were harshly criticized by members of Congress this week for their travel expenses.
Discuss (1 post) | AP via CNN Outside link
Shias stage protests against Iraq-US pact
12 minutes ago · Shias stage protests against Iraq-US pact • Tensions rise over 2011 exit date for US troops • Foreign workers to lose immunity from Iraqi law Martin Chulov in Baghdad guardian.co.uk, Saturday November 22 2008 00.01 GMT The Guardian, Saturday November 22 2008 Article history Iraqi Shia protesters yesterday defaced and burned an effigy of President George Bush in a show of contempt for a deal struck between the departing US administration and the Iraqi government which will keep US
Discuss (0 posts) | The Guardian UK Outside link
Obama likely to name Geithner Treasury secretary
40 minutes ago · The nightmare continues on ---!!! Obama prepares to name treasury boss Buzz Up Send Email IM Share Digg Facebook Newsvine del.icio.us Reddit StumbleUpon Technorati Yahoo! Bookmarks Print By TIM PARADIS and SARA LEPRO, AP Business Writers Tim Paradis And Sara Lepro, Ap Business Writers – Fri Nov 21, 6:59 pm ET Play Video AP – Obama likely to name Geithner Treasury secretary Slideshow: Stock Markets Play Video Video: Dow Stabilizing To Close Another Rough Week CBS 2 New York
Discuss (2 posts) | AP – Outside link
Business big shot: Arianna Huffington, online entrepreneur
52 minutes ago · Arianna Huffington looks set to cement her position as the Queen of Capitol Hill in the next few days. The Times has learnt that the Huffington Post, her influential political website, will confirm within the next week that it has completed a $15 million (£10 million) fundraising from investors. The money will finance the expansion of HuffPo, as it is known, into the provision of local news across the United States and into more investigative journalism. And it will ensure that Ms Huffingt
Discuss (4 posts) | Times Online Outside link
Top Scientist Rails Against Hirings, Bush Appointees Land Career Jobs Without Technical Backgrounds
58 minutes ago · The president of the nation's largest general science organization yesterday sharply criticized recent cases of Bush administration political appointees gaining permanent federal jobs with responsibility for making or administering scientific policies, saying the result would be "to leave wreckage behind." "It's ludicrous to have people who do not have a scientific background, who are not trained and skilled in the ways of science, make decisions that involve resources, that involve facilitie
Discuss (7 posts) | Washington Post Outside link
Westboro (Kansas church that protests funerals) protest draws student counter protest
1 hour ago · BY ANDREW J. NELSON AND KATIE FRETLAND Members of a Kansas church that protests funerals of slain service members fled the grounds of Omaha's Central High School today after police said they could not protect them from student counterprotesters. Students threw hamburgers and bottles of lemonade and milk at members of the Westboro Baptist Church of Topeka, Kan., according to several students interviewed. Police said no one was injured. They made no arrests. Westboro protesters had dem
Discuss (16 posts) | Omaha World Herald Outside link
Russian leader embarks on defiant Latin America tour
2 hours ago · Russian President Dmitry Medvedev on Friday embarked on a four-nation Latin American tour seen as sending a defiant message to the United States at the close of the George W. Bush presidency. The tour, including talks with the outgoing US leader, naval exercises off Venezuela and a visit to arch US foe Cuba, has evoked fears of renewed Cold War-style rivalry in Latin America, while attracting some ridicule from sceptics. "The current level of cooperation could be broader than in the Soviet
Discuss (0 posts) | AFP Outside link
U.S. Bank Acquires Downey Savings & Loan and PFF Bank & Trust (Failures #21 & #22)
2 hours ago · MINNEAPOLIS, Nov 21, 2008 (BUSINESS WIRE) -- U.S. Bancorp announced today that, effective immediately, its lead bank, U.S. Bank National Association, has acquired the banking operations of two separate California financial institutions from the Federal Deposit Insurance Corporation. The two acquired institutions are Downey Savings & Loan Association, F.A., the primary subsidiary of Downey Financial Corp., headquartered in Newport Beach, Calif. and PFF Bank & Trust, a subsidiary of PFF Bancorp I
Discuss (1 post) | Marketwatch Outside link
Obama Raised Half a Billion Online (after Palin speech, $10 million in 24 hours)
3 hours ago · Barack Obama raised half a billion dollars online in his 21-month campaign for the White House, dramatically ushering in a new digital era in presidential fundraising. In an exclusive interview with The Post, members of the vaunted Triple O, Obama's online operation, broke down the numbers: 3 million donors made a total of 6.5 million donations online adding up to more than $500 million. Of those 6.5 million donations, 6 million were in increments of $100 or less. The average online donation
Discuss (8 posts) | Washington Post Outside link
"Yes We Can" Students Rename School for Obama
3 hours ago · "Yes We Can!" Students Rename School for Obama November 21, 2008 1:41 PM ABC News' Matt Jaffe Reports: A New York elementary school has been re-named in honor of President-elect Barack Obama. Ludlum Elementary School in Long Island's Hempstead Union Free School District was re-named at a board meeting Thursday, at the request of numerous school students. "Just to watch these kids after the board voted on what they asked them to do, they were so elated," school district superintendent
Discuss (8 posts) | ABC News Outside link
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Nov 21 · Rove still writes for WSJ and Newsweek, and he is beloved on Fox News. The four activists are being tried for trespassing in their attempt to arrest him in Iowa. DES MOINES, Iowa (AP) - A jury is expected to begin deliberations on Friday in the case of 4 people who attempted to arrest former White House adviser Karl Rove during a fundraising appearance earlier this year in Iowa. Facing charges of trespassing are retired Methodist minister Chet Guinn, two members of the social welfare
Discuss (13 posts) | Journal
Nov 21 · While today is not officially Turkey Day, I will warn you in advance that it's going to be a theme running through today's column, like gravy through a poorly-constructed dam of mashed potatoes. So to speak. And yes, this will include discussion of the recent Sarah Palin video, but before we get to that, we've got other turkeys to deal with first. Ben Franklin notwithstanding (who suggesting among other things that the wild turkey was a more appropriate symbol for America than the bald eag
Discuss (2 posts) | Journal
Nov 21 · Welcome to the audaciously hopeful DUzy Awards, a compendium of star-spangled amusement from this week on DU. Congratulations to this week's winners! The DUzy Awards will be announced every Friday, if I get around to it. Previous awards can be found in my journal. Note to Mods: Skinner has authorized the DUzy Awards to be posted in GD. Special thanks to WakeMeUp, awoke_in_2003, yardwork, dixiegrrrrl, Peake, ColbertWatcher, swampg8r, Wetzelbill, krispos42, KamaAina, racaulk, arcadian,
Discuss (30 posts) | Journal
Nov 21 · The issue of homelessness is dire, and the solution is low-income housing. This is not a high-visibility issue, and it's important to let the Obama administration know that low-income housing desperately needs attention. Please read through the facts about low-income housing below, pick one or two facts that you see as important, and write one or two sentences about it to the Transition Team at: Then, please pass this on to friends, family and anyone you can think if in order to take acti
Discuss (38 posts) | Journal
Nov 21 · Nadler Introduces Resolution Opposing Possible Bush Pardons of His Own Subordinates for Crimes He Authorized By David Swanson Here's a resolution, hot off the presses from Jerrold Nadler, Chair of the Constitution Subcommittee of the House Judiciary Committee: H.RES.1531, "Expressing the sense of the House of Representatives that the President of the United States should not issue pardons to senior members of his administration during the final 90 days of his term of office," Sponsor: Rep Na
Discuss (23 posts) | Journal
Nov 20 · I am a little surprised at the "get on board" and "fall in line" stuff from a bunch of activist Democrats. I want to make it clear that I do wonder about some of the choices, and some of the obvious omissions. I don't see anything wrong with that at all. One example: The new HHS Secretary, Tom Daschle, has views about women's right that disturb me. The general consensus is that he is pro-choice, but that does not seem to be so in the past. Here is a video posted on You Tube las
Discuss (115 posts) | Journal
Nov 19 · I know this is long, it is not edited because I don't want it to be lost in the night. I wrote it because Michael Moore's fervor inspired me, and he gave me what I think is a realistic way of looking at the crisis they are grappling with in Washington today. I was in Europe this fall and was struck massively by how they move people compared to our one and only way: Cars. I saw that basic cities have about 30 percent bicycle traffic. I saw streetcars throughout, and in some areas they
Discuss (58 posts) | Journal
Nov 20 · Madfloridian gave me the idea for this post by noting in several recent posts her concern over the pressure being put on President-elect Obama and other Democrats to be “bi-partisan”, or “post-partisan”. I share that concern (and used some of her links for this post). In fact, that may be the biggest concern I have about our next President. Of course, we do not yet know to what extent he will go to be “post-partisan”. I’m hoping it will be a lot less than some people think. But wait! I
Discuss (28 posts) | Journal
Nov 20 · A few brief words to put this column in context as it was published in the Santa Monica Daily Press in response to two columns the published last week (Nov. 12 and 13th). One of the columns spread right wing talking points on the bogus Berg v. Obama, with the author boasting of his devilish grin brought on by his delusions over the suit's potential success. Bigotry, Lies and the Obama Wars Bennet Kelley REELING FROM THEIR SECOND STRAIGHT drubbing at the polls, the right is relying
Discuss (0 posts) | Journal
Nov 18 · Anti-choice groups are vowing to use these next years to grow their protests and demonstrations against choice by women in their private lives. They vow to intensify their efforts to cause problems for these women at abortion clinics. Here are some words from Father Pavone found at Right Wing Watch: "The election forces the pro-life movement to go back to what we do best — local grass-roots organizing," said the Rev. Patrick J. Mahoney, director of the Christian Defense Coalition. "W
Discuss (46 posts) | Journal
Nov 20 · Not for nuthin’, my friend, but you’re not even in office yet – and you’re already screwin’ up BIG TIME. All that talk on the campaign trail – bladidy blah, blah, blah, blah – about listening to the voice of We, The People, and you just go ahead – without so much as a by-your-leave – and start appointing folks to key positions in your administration. Excuse me, but where was MY vote before you started offering jobs, willy-nilly? When was MY opinion sought before you decided to staff the W
Discuss (188 posts) | Journal
Nov 19 · Mike Huckabee has said that gays and lesbians do not need protection of their civil rights, because they have not been the victims of systematic violence like racial minorities. I wonder what Mike Huckabee has been smoking. I. Nazi Germany There were several different kinds of triangles which the Nazis forced enemies of the state to wear. We all know about the yellow double triangle---a Star of David---for the Jews. A red triangle meant that you were a communist or political
Discuss (12 posts) | Journal
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The Top 10 Conservative Idiots The Top 10 Conservative Idiots
Oct 06 · The Top 10 Conservative Idiots, No. 354
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Nov 19 · Getting Through the Coming Depression
Ask Auntie Pinko Auntie Pinko
Feb 15 · The "truth" about universal health care
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Mar 28 · The Good News And The Bad News
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