So, like, the Secretary of the Treasury is gonna be the new SuperDictator, huh?
TJ, just tryin' to get by |
09.20.08 - 5:05 pm | #
Fast sheets!
David Derbes, ochen' pissed. |
09.20.08 - 5:05 pm | #
May I politely suggest that any "plan" which involves giving a Bush Jr. administration bureaucrat the unrestricted, deregulated authority to do whatever the fuck he wants with 3/4 of a trillion dollars...
...does not meet the minimum acceptable definition of what the word "PLAN" might conceivably be used to mean?
El Cid |
09.20.08 - 5:05 pm | #
Even if you don't have much land you can grow stuff. Inner city people in Portland, OR are growing veggies in their small parking strips.
ErinPDX |
09.20.08 - 5:06 pm | #
Is the Treasury Department declaring its independence from the United States of America?
Should we crush them?
lampwick |
09.20.08 - 5:06 pm | #
no, that was the comic relief part of the document, no?
dudly |
09.20.08 - 5:06 pm | #
committed to agency discretion, and may not be reviewed by any court of law or any administrative agency
Motherfuckers.
What about Marbury v Madison?
Hecate, Runnymeade Conspirator |
09.20.08 - 5:07 pm | #
What a scam. So when does the national general strike begin?
Ali |
09.20.08 - 5:07 pm | #
No.
Just fucking NO.
Just say no, motherfuckers. NO.
Wonder how much this shit will effect the election. This bill gets passed and people may just skip the election.
smalfish |
09.20.08 - 5:07 pm | #
Boy, would I like to be the Secretary's secretary right now. Or brother-in-law, or next door neighbor or whatever.
Moe Szyslak |
Homepage |
09.20.08 - 5:07 pm | #
Rewhore because I was shortsheeted and it's on topic here. I'm really getting pissed about Crimes and no punishment.
Libby |
Homepage |
09.20.08 - 5:07 pm | #
more doom - A huge explosion ripped through part of a luxury hotel in Pakistan's capital, Islamabad, today, damaging buildings in a wide radius, killing scores and injuring many more.
The blast, one of the biggest seen in Pakistan in recent years, took place at the Marriott hotel. The hotel was left burning fiercely all along its facade with fears that it could totally collapse.
Scores of bodies were being brought out of the flaming building as rescue workers battled the blaze in scenes of chaos. There are fears that the final death toll is likely to be well into the hundreds.
Hotel staff said that all the Marriott's function rooms, including the large ballroom, had been hired for iftar – the traditional communal meal that breaks the day-long fast that Muslims observe during the holy month of Ramadan.
Senior police official Asghar Raza Gardezi said that the blast, one of the biggest such attacks in Pakistan for over a decade, was caused by more than a tonne of explosives.
May I politely suggest that any "plan" which involves giving a Bush Jr. administration bureaucrat the unrestricted, deregulated authority to do whatever the fuck he wants with 3/4 of a trillion dollars...
this is beginning to sound like no bid contract heaven.
therealhellkitty |
09.20.08 - 5:08 pm | #
Paulson is on FOUR Sunday shows tomorrow.
One short of the Full Ginzburg.
Gomez |
09.20.08 - 5:08 pm | #
I was assured that I'd been born into a country w a tripartrite system of three equal branches. It's a bit late to renig on that deal now.
Hecate, Runnymeade Conspirator |
09.20.08 - 5:08 pm | #
'Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.'
I'm betting that's their favorite bit as well.
ac |
Homepage |
09.20.08 - 5:08 pm | #
You know, you could have built upwards of fifty Superconducting Super Colliders for that sort of money, 7 times 10 to the 11th bucks.
O.7 terabucks.
Serious money.
tera = 10^15 = trillion = thousand billion, from the Greek "teras", monstrous.
teratogenic means that a medicine causes birth defects, e.g. Thalidomide. The original meaning of "monster" is a seriously deformed baby.
David Derbes, ochen' pissed. |
09.20.08 - 5:08 pm | #
Fast sheets!
David Derbes, ochen' pissed.
He wanted to avoid any "sweaty lunk" references...
George Johnston |
Homepage |
09.20.08 - 5:08 pm | #
The blast, one of the biggest seen in Pakistan in recent years, took place at the Marriott hotel. The hotel was left burning fiercely all along its facade with fears that it could totally collapse.
Gee. I wonder why someone would want to do something like this?
smalfish |
09.20.08 - 5:09 pm | #
Via Digby, more proposed verbiage for Obama's speech on the Senate floor regarding the Billionaire Bailout Bill:
NTodd has come down with a bug of some sort. Who will drink his beer tonight?
Gromit |
Homepage |
09.20.08 - 5:09 pm | #
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
pretty much sums up the bush administration, doesn't it?
dirk gently, sociopathetic |
09.20.08 - 5:09 pm | #
Paulson is on FOUR Sunday shows tomorrow.
One short of the Full Ginzburg.
Gomez |
Someone has to fill the vacuum now that Biden is the VP candidate.
.
It's just me again |
09.20.08 - 5:09 pm | #
Fast sheets!
David Derbes, ochen' pissed.
he was running from the dentist
dirk gently, sociopathetic |
09.20.08 - 5:09 pm | #
Unitary executive, bitches. Why do they even need to codify it?
R. McGeddon |
09.20.08 - 5:09 pm | #
BILL MOYERS: You wrote in that AMERICAN PROSPECT piece that some people, particularly in the reform community and among progressives, see this as a great opportunity for returning to the New Deal regulatory period instigated by Franklin Roosevelt in the pits of the Depression. You don't think that's happening.
KEVIN PHILLIPS: Well, I mean, there's several difficulties here. First of all, at this point, what you've got are the Democrats are the party right at this point that's getting most of the financial money. When Franklin D. Roosevelt won in 1932, we know he wasn't getting most of the financial money.
The second thing is I don't think we're more than partway through. The Democrats think it's going to be another 1933, they get in there, they can do all the New Deal stuff. My feeling is that they're coming in halfway and they're going to have to make hard decisions that are going to eat the Democratic coalition like a bologna sandwich. They're going to start civil wars-
BILL MOYERS: How come? What do you mean?
KEVIN PHILLIPS: Well, if you're going to bail out Wall Street while you're saying oh, the Social Security recipients, maybe they don't even need that money. A lot of people in the financial community basically want to push Social Security on some sort of voluntary basis and needs test it and get rid of it. Now, a lot of Democrats in the labor movement are very nervous about Obama. They put out press releases talking about Rubin-nomics because they see that the flesh of the Democratic Party carries a lunchbox. But the new soul of the Democratic Party wears a pinstripe suit.
Mr. Boehner added: “Efforts to exploit this crisis for political leverage or partisan quid pro quo will only delay the economic stability that families, seniors, and small businesses deserve.”
I like the "We're doing this for your own good" part. That's great. Thanks John. Tell you what, since it's something I deserve make it an even trillion.
Neponset |
09.20.08 - 5:10 pm | #
When did I start living in a oligarchy?
Shaw Kenawe
How old are you?
dmark |
Homepage |
09.20.08 - 5:10 pm | #
The Ponies will be amazing!
Escariot |
09.20.08 - 5:10 pm | #
Even if you don't have much land you can grow stuff. Inner city people in Portland, OR are growing veggies in their small parking strips.
ErinPDX
I know, my problem is that we've moved approximately once every 11 months since Katrina. I'm too afraid to plant something because I just know it will mean I have to move again.
I'm tired of moving.
TJ, just tryin' to get by |
09.20.08 - 5:10 pm | #
As always, should you or any of your force be caught or killed, the Secretary will disavow any knowledge of your actions. This tape will self-destruct in five seconds...."
Gomez |
09.20.08 - 5:10 pm | #
NTodd has come down with a bug of some sort. Who will drink his beer tonight?
Gromit
The hotel was left burning fiercely all along its facade with fears that it could totally collapse.
Buildings never collapse from just fire. I read that on the intertubes, so it must be true. Obviously, this is an inside job.
Moe Szyslak |
Homepage |
09.20.08 - 5:10 pm | #
Instead of giving investment bankers a $700 billion wet kiss from Bush can't we rely on the private sector and volunteerism to hold a bake sale to raise money for Bernanke's kids?
George Johnston |
Homepage |
09.20.08 - 5:10 pm | #
Just like decisions to fire agency heads by the Governor of Alaska are non-reviewable and may not be reviewed by any court of law or any administrative agency.
First of all, at this point, what you've got are the Democrats are the party right at this point that's getting most of the financial money.
They were talking about this on Democracy Now the other day. Obama gets more Wall St. money than McCain.
TJ, just tryin' to get by |
09.20.08 - 5:11 pm | #
democrats drop in the poison pill.
demand oversight.
dudly |
09.20.08 - 5:12 pm | #
And incidentally, if you think 0.7 T$ is going to do the job, I have a bridge in Alaska I'd like to sell you...
David Derbes, ochen' pissed. |
09.20.08 - 5:13 pm | #
oh, and SEVEN HUNDRED BILLION DOLLARS is a low-ball estimate. Most of the stuff I've been reading today says it's gonna be over a trillion.
TJ, just tryin' to get by |
09.20.08 - 5:13 pm | #
This is just so fucking awesome.
Ali |
09.20.08 - 5:13 pm | #
Why doesn't Congress cross its fingers on all laws and write every bill with a non court reviewable clause? Seriously. Does this mean that any bill that does not eliminate court review should go straight to the courts for review?
Bluto W. Bush |
09.20.08 - 5:13 pm | #
I owe David Derbes a beverage of his choice.
TJ, just tryin' to get by |
09.20.08 - 5:14 pm | #
BILL MOYERS: But we are going to have a new president in January, no matter how despairing people may be about that. What is the first thing you would find convincing if he did it to meet this meltdown, this issue, this crisis?
KEVIN PHILLIPS: Well, I guess I would without talking out of school particularly, Obama told me one time he read some of my books. So I would be very interested and impressed if he in January started to say something has really gone wrong in this country. And I'm not sure that I or anybody else can turn it around. But we borrowed so much money.
We've let this Las Vegas version of what used to be ordinary banks in our ordinary hometowns go berserk. Our currency is having enormous problems. People are losing their homes. We've got to face up to what our problems are and talk about how this happened. Who did it? Why? Who made the money?
Well, I think if he were to start talking about I'd take him seriously. But I think half of Washington would have a problem in their stomach needing quick relief, let me put it that way. Cause you don't rock that boat. You pretend that it's a sound economy. And if it's not sound, it's nothing that the old Democratic elixir can't fix, you know? Old New Deal in a bottle. We'll have a couple of swigs and you'll be happy again. I don't expect him to level.
Since when does Congress have the authority to tell the courts they can't review something?
Moe Szyslak |
Homepage |
09.20.08 - 5:15 pm | #
I have a bridge in Alaska I'd like to sell you...
David Derbes, ochen' pissed.
Will you take $223 million for it?
Sarah Palin |
Homepage |
09.20.08 - 5:15 pm | #
Yeah, try enforcing that clause.
Kennedy's a slim reed to lean upon at this point.
Hecate, Runnymeade Conspirator |
09.20.08 - 5:15 pm | #
Mr. Boehner added: “Efforts to exploit this crisis for political leverage or partisan quid pro quo will only delay the economic stability that families, seniors, and small businesses deserve.”
Hey Boner, how about 'efforts' to identify the criminals, take them to court and put them out of business for good?
What about those 'efforts'? Oh wait - crooked Republicans are always 'looking forward' and not 'dwelling' on their past criminal behavior.
.
It's just me again |
09.20.08 - 5:15 pm | #
I have a new "rescue plan" for the American economy which involves you giving me a $trillion$ and then shutting the fuck up.
This isn't a bailout. It's a sellout of America.
Libby |
Homepage |
09.20.08 - 5:16 pm | #
Will you take $223 million for it?
Sarah Palin
Make that "m" a "b" and we can start the negotiations.
David Derbes, ochen' pissed. |
09.20.08 - 5:16 pm | #
We should have rioted in 2000.
You know we should have.
Hecate, Runnymeade Conspirator |
09.20.08 - 5:17 pm | #
. Does this mean that any bill that does not eliminate court review should go straight to the courts for review?
Bluto W. Bush | 09.20.08 - 5:13 pm | #
methinks you are not seeing the scope of this clause.
it's not just the bill that can't be reviewed. it's any DECISION THEY MAKE ON HOW TO SPEND THE MONEY.
In spite of all this, I'm still voting for McCain.
Donald Trump |
09.20.08 - 5:17 pm | #
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
I think that is considered an out clause.
As in, we are here to review your performance and veracity.
"I'm outta here, I will be in my office."
EkCenTriK |
09.20.08 - 5:18 pm | #
(and this would be the winning bid, 'less'n someone up and gazumphed me at THREE trillion.)
David Derbes, ochen' pissed. |
09.20.08 - 5:18 pm | #
Make that "m" a "b" and we can start the negotiations.
David Derbes, ochen' pissed.
Thanks but no thanks.
Sarah Palin |
Homepage |
09.20.08 - 5:18 pm | #
Wall Street has lost a ton of money on transactions that never would have been made had we been regulating our financial markets the way we used to and the way most of the civilized world still does. That is tragic, but in and of itself, does merit a government bailout. It most definitely merits a new government that will actually run things in a fair and sensible fashion and hopefully that time is near.
Now, Bush is not only demanding the mother of all bailouts (nearly $1 trillion) but demanding that there be absolutely no strings attached! This, from the president whose string of debacles has cost our country dearly but he obviously won’t be content to leave office without the US becoming a completely failed state.
The gun that Bush is currently pointing at our heads is that if the credit markets seize up, we will have a depression and therefore we need to keep these great institutions solvent by purchasing their worthless financial instruments from them. This is obviously just more robbing the poor masses to pay the rich punks who got us into this mess.
Since the critical issue is to keep credit flowing, lets have the government become the lender of last resort. Let the government lend money to those who need it based on the way people used to justify their credit needs. Let’s cut out the corrupt middleman and have the government keep this economy moving directly and probably much less expensively. Why should we the people buy all this worthless paper from these fair weather capitalists when we can lend money directly to people who actually need it, have a chance of repaying it and we can even potentially earn a profit from it?
ed |
Homepage |
09.20.08 - 5:18 pm | #
nasty -
The bodies of twelve Mauritanian soldiers have been found decapitated after they were abducted in an ambush earlier this week.
The men were found on Saturday by the army in the open desert about 20 miles (30 km) north of the town of Tourine - where the men were abducted on Monday - a government spokesman said.
Ahmed Bemba Ould Baya, secretary-general of Mauritania's ruling High Council of State, said: "Their bodies were found this morning after a search ... they were mutilated and had their heads cut off."
Al-Qaeda in the Islamic Maghreb, al Qaeda's North Africa wing, had claimed responsibility for the abductions.
Several websites published a statement from the group on Wednesday claiming that they undertook the attack.
You'd almost think from that clause that they think we trust them. That there remains any confidence in the way they address crises, especially when it involves money and the interests of folks in the elite.
Walmart Republicans are going to go for this?
Escariot |
09.20.08 - 5:20 pm | #
Don't worry. I'm sure Congress will be able to insert a clause whereby they are allowed to write strongly-worded letters to the Secretary.
I mean Paulson's secretary.
merciless |
09.20.08 - 5:20 pm | #
it's not just the bill that can't be reviewed. it's any DECISION THEY MAKE ON HOW TO SPEND THE MONEY.
Snorting coke off of a hooker's crack, torture of your children, killing your granny. S'll good, as long as it's the Treasury spending the bucks.
Paulson, Treasury Secretary |
09.20.08 - 5:20 pm | #
Thanks but no thanks.
Sarah Palin
Your lips say no, but your eyes say yes, yesYES!
David Derbes, ochen' pissed. |
09.20.08 - 5:21 pm | #
I will gladly pay tomorrow for $1 Trillion you give me today.
El Cid |
09.20.08 - 5:21 pm | #
Walmart Republicans are going to go for this?
Escariot | 09.20.08 - 5:20 pm | #
You're assuming that "Walmart Republicans" are going to notice?
rorschach |
Homepage |
09.20.08 - 5:21 pm | #
I forgot... what is the Republican definition of bipartisanship?
George Johnston |
Homepage |
09.20.08 - 5:21 pm | #
the British markets have a stock transfer fee. It apparently is a small % of each transaction but it adds up. I think it would be a good idea to create one here. It could be paid off the top and go right into a payback the taxpayer fund.
therealhellkitty |
09.20.08 - 5:21 pm | #
First the Military, then the Treasury, then the World?
Serf Nerdsky |
09.20.08 - 5:21 pm | #
Just watch my show Monday.
You think Olberman can rant?
Watch me!!
Tweety |
09.20.08 - 5:21 pm | #
Clearly the best administrators for this "rescue plan" are the Royalties In Kind office of the Department of the Interior.
El Cid |
09.20.08 - 5:21 pm | #
I forgot... what is the Republican definition of bipartisanship?
George Johnston | Homepage | 09.20.08 - 5:21 pm | #
German police have clashed with counter-demonstrators in Cologne while authorities have banned a nationalist group from staging a rally against plans to build a big mosque in the city.
At least one officer was injured in Saturday's incident.
The rally's organisers, Pro-Koeln (For Cologne), a nationalist group, had hoped to criticise plans to build a domed mosque - complete with two 177ft tall minarets - in Cologne's Ehrenfeld district.
Some of the counter-demonstrators tried to grab officers' pistols while others threw stones and firecrackers.
The injured officer was hit by a firecracker. Police said they detained about five people.
Police forced Pro-Koeln to call off the rally because there were fears that more serious violence would take place, Burkhard Rick, a police spokesman, said.
Hell, I'm easy. About 20 grand and I'm totally out of debt without touching my savings which won't be worth much anymore anyway
qlª - Obama/Biden |
Homepage |
09.20.08 - 5:22 pm | #
Listening to Bush talk about Wall Street on NPR (from this morning, I think):
"committed to agency discretion, and may not be reviewed by any court of law or any administrative agency"
Sounds alot like Bush v Gore of 2000. They have jumped the shark in hubris.
Which sign should be placed in every airport:
1-Abandon hope all ye who enter here
2-Work will set you free
nottin bob |
09.20.08 - 5:23 pm | #
Listening to Bush talk about Wall Street on NPR (from this morning, I think):
He actually used the word "failure".
so he was actually describing himself?
Moonbootica, Brit Lefty |
Homepage |
09.20.08 - 5:23 pm | #
that wont hold up to Constitutional review...is what Id *like* to say, but for this totally pusillanimous Supreme court. A Supreme Court that truly understood its role, as a c-equal Branch that reviews and interprets the Law, would see that cluse as accruing too much power to the Executive, by way of allowing the Secretary to legislate (decisions on regulation are, in point of fact, legislation).
Yet another huge tear in the fabric of the US Constitution..
justadood |
09.20.08 - 5:23 pm | #
Wall Street has lost a ton of money on transactions that never would have been made had we been regulating our financial markets the way we used to and the way most of the civilized world still does
i would also like to point out that the fact regulations didn't make stupid high risk actions illegal DIDN'T REQUIRE THEM TO DO SO.
you can blame the govt for not stopping it, but you have to blame the firms that WENT AHEAD AND DID IT even more.
instead, we're bailing them out. with preemptive immunity.
dirk gently, sociopathetic |
09.20.08 - 5:23 pm | #
We should have rioted in 2000.
Any 'rioting' after the Federal Reserve was created is pointless.
Walmart Republicans are going to go for this?
Escariot | 09.20.08 - 5:20 pm | #
You're assuming that "Walmart Republicans" are going to notice?
rorschach
The average American, if s/he is even paying any attention to this meltdown whatsoever, is going to completely believe the GOP Daddies in the Nice Suits who say this is for the good of the country and will prevent a depression. That is what the media is going to parrot and that is what they will believe.
Many of them are too busy working three uniquely American jobs to even be aware of this disgusting giveaway.
TJ, just tryin' to get by |
09.20.08 - 5:24 pm | #
i could have been in this one, but they wouldn't let me play juliet so i decided to do the british farce at another theater instead.
dirk gently, sociopathetic |
09.20.08 - 5:25 pm | #
America's Black Budget & the Manipulation of Mortgage & Financial Markets
Poor Tweety. All that 'hard work' making a million dollars a month and now watching so much of it evaporate is somehow....entertaining to me.
He'll be slobbering all over himself!
.
It's just me again |
09.20.08 - 5:27 pm | #
Walmart Republicans are going to go for this?
They've gone for everything else.
Elimination of habeas corpus. Torture. Warrantless domestic spying. Illegal illogical wars. Did I mention torture? Destruction of New Orleans. Massive deficits funded by Communist China. Election fraud in plain site. Making our kids stupid by teaching abstinence "education" and not teaching science. Trampling the wall between church and state w "faith based initiatives."
What makes you think this will bother them?
Hecate, Runnymeade Conspirator |
09.20.08 - 5:27 pm | #
Jesus H tap dancing Christ!!!! Who have we got working for US on this damned thing??? Please tell me it is someone besides Harry and Nancy!!!
This administration never lets a catastrophe go by without trying to take some advantage to just get away with everything including the kitchen sink!!!!
foolme1ns |
09.20.08 - 5:28 pm | #
this is all just the windup, it's a market test, just before like iraq, only bigger and in tune with the immunity for data mining weapons dealers
mooncalendargirl |
09.20.08 - 5:28 pm | #
At the insistence of the McCain campaign, the Oct. 2 debate between Gov. Sarah Palin and her Democratic rival, Senator Joseph R. Biden Jr., will have shorter question-and-answer segments than those for the presidential nominees, the advisers said. There will also be much less opportunity for free-wheeling, direct exchanges between the running mates.
McCain advisers said they had been concerned that a loose format could leave Ms. Palin, a relatively inexperienced debater, at a disadvantage and largely on the defensive.
Why fucking bother if our candidates are going to just throw it away.
qlª - Obama/Biden |
Homepage |
09.20.08 - 5:29 pm | #
this is how the pastey boys call out barack and his crowd of new friends, still, it's sad to think that manchester united might be sponsored by the chimp soon
mooncalendargirl |
09.20.08 - 5:30 pm | #
"Poor Tweety. All that 'hard work' making a million dollars a month and now watching so much of it evaporate is somehow....entertaining to me."
SO you are saying he did put in the max on his 401K.
EkCenTriK |
09.20.08 - 5:30 pm | #
I predict Bush will work out a deal with the Democrats on the bailout in exchange for quid pro quo and ignore his own Republican's cries and protests.
Gomez |
09.20.08 - 5:31 pm | #
OK, I love you Moonbats, but it's the weekend of the Autumnal Equinox. A witch's job is to turn the wheel of the year and even in the middle of insanity, the wheel must turn. Off for naked happy dancing with the witches. Hope to talk to you lovely, liberal Moonbats later.
Hecate, Runnymeade Conspirator |
09.20.08 - 5:31 pm | #
Why fucking bother if our candidates are going to just throw it away.
qlª - Obama/Biden |
Christ. Has anyone yet suggested only 'yes' or 'no' answers.
.
It's just me again |
09.20.08 - 5:31 pm | #
I predict Obama is going to go for the bailout as long as he gets his quid pro quo.
Gomez |
09.20.08 - 5:31 pm | #
bye, Hecate.
have fun, it sounds lovely.
TJ, just tryin' to get by |
09.20.08 - 5:31 pm | #
JFC - mofo shill on NPR defending McLame's comment about how the fundamentals are strong b/c we're not as bad off (yet) as during the Great Depression and my goodness we probably won't get anywhere near that bad! It's Nancy Kimmelman from The Economist.
JeffCO |
09.20.08 - 5:32 pm | #
The European Space Agency is planning an ambitious mission in which an uncrewed robot would land on an asteroid near Earth and extract up to 300 grammes (10.5oz) of dust and rock.
Detailed plans for the Marco Polo mission are being developed at the company's EADS Astrium in Stevenage, Hertfordshire, and OHB in Bremen, Germany. If the plans are approved by ESA, the mission could launch in 2017. It would cost around €300m (£236m).
Understanding the composition of asteroids is of great interest to planetary scientists because they represent the debris that was left behind when the solar system formed 4.6bn years ago.
Dr Matthew Genge at Imperial College London said: "We've got over 30,000 meteorites in collections around the world, but we don't know where the majority of them come from - exactly which asteroids," he said.
McCain advisers said they had been concerned that a loose format could leave Ms. Palin, a relatively inexperienced debater, at a disadvantage and largely on the defensive.
So they're allowed to set the ground rules.
What a surprise.
Terry C - Obama/Biden 2008 |
Homepage |
09.20.08 - 5:34 pm | #
"Dr Matthew Genge at Imperial College London said: "We've got over 30,000 meteorites in collections around the world, but we don't know where the majority of them come from - exactly which asteroids," he said."
So another 29,999 missions and it will all be cataloged and understandable then.
EkCenTriK |
09.20.08 - 5:34 pm | #
Have you got enough caulk?
GWPDA yclept Damaged Historian |
09.20.08 - 5:34 pm | #
JFC - mofo shill on NPR defending McLame's comment about how the fundamentals are strong b/c we're not as bad off (yet) as during the Great Depression and my goodness we probably won't get anywhere near that bad! It's Nancy Kimmelman from The Economist.
JeffCO
In other words, no one is diving out of windows yet, so it's all good.
Terry C - Obama/Biden 2008 |
Homepage |
09.20.08 - 5:34 pm | #
McCain advisers said they had been concerned that a loose format could leave Ms. Palin, a relatively inexperienced debater, at a disadvantage and largely on the defensive.
In what regard Gwen?
Neponset |
09.20.08 - 5:34 pm | #
There will be a deal.
No one gives up $700 billion without a deal.
Gomez |
09.20.08 - 5:35 pm | #
Gomez, is that worth it? Is there any quid pro quo that makes this bailout acceptable? I just don't see it.
TJ, just tryin' to get by |
09.20.08 - 5:35 pm | #
Speaking of drinks, I think I'm going to go down to the watering hole and have a couple of pops of vodka, chambord, and lemonade.
And then I'm going to crash.
Vicki, Who ♥ Al Gore |
Homepage |
09.20.08 - 5:35 pm | #
Na zdorovja, Vicki.
David Derbes, ochen' pissed. |
09.20.08 - 5:36 pm | #
Gomez, is that worth it? Is there any quid pro quo that makes this bailout acceptable? I just don't see it.
TJ, just tryin' to get by
It will be cosmetic. Just enough to placate the base.
Gomez |
09.20.08 - 5:36 pm | #
out for a run. later, folks.
TJ, just tryin' to get by |
09.20.08 - 5:36 pm | #
I think Biden's team shouldn't have given in and made Palin's group pull out of the debate.
foolme1ns |
09.20.08 - 5:36 pm | #
Opposition to Bailout = Hate Troops
Suggestion that Bailout limit Exec compensation or right of judicial review or congressional oversight =
Hate America
mofo |
09.20.08 - 5:36 pm | #
Opposition to Bailout = Hate Troops
Suggestion that Bailout limit Exec compensation or right of judicial review or congressional oversight =
Hate America
mofo
----------------------
Then Neil Cavuto hates the troops, because he said McCain was sounding like Obama in going along with the bailout.
foolme1ns |
09.20.08 - 5:37 pm | #
My servant has become my overlord, without question.
BedBug |
09.20.08 - 5:37 pm | #
When this is all over and done with, we'll at least know what will become of ground zero -- that's where they'll be moving the White House to.
laboo |
09.20.08 - 5:38 pm | #
Choice A: McCain. You get fucked up the ass (and not in the good way), lose your house, your job, your healthcare (if you even still have them) and the GOP sells your unborn kids and grandkids into indentured servitude to the Chinese.
Choice B: Obama. You still get fucked up the ass and your kids still have to learn Chinese, but you might keep your house, have some kind of job, and won't be forced to get medical care from "Doc" - an old guy with shaky hands in a room with no windows in the risky part of town.
Time to read Naomi Klein's Disaster Capitalism again.
Echidne |
Homepage |
09.20.08 - 5:39 pm | #
Cavuto the non-business business propagandist.
BedBug |
09.20.08 - 5:40 pm | #
Does Cavuto still think that there would have been no problems if banks had not caved in to librul pressure by lending $$ to Negroes?
mofo |
09.20.08 - 5:40 pm | #
It's your choice America!
JeffCO
Shorter JeffCO:
Choice A: no lube
Choice B: lube
ok, now I'm really off for a run. my ass has been sitting in this chair too long.
TJ, just tryin' to get by |
09.20.08 - 5:40 pm | #
What the hell. The country wasn't gonna use that money for anything else anyway...
-
MisterX |
Homepage |
09.20.08 - 5:41 pm | #
Amendment:
All actions of the Secretary of the Treasury shall be subject to the review and approval of Naomi Klein.
Gromit |
Homepage |
09.20.08 - 5:41 pm | #
The Dems should demand the resignation of Bush and Cheney as their price for signing on to this $700bn package.
Put VA senator John Warner (R) as the caretaker for the balance of the term.
I don't this is an unreasonable demand. It would be routine in most nations.
g. powell |
09.20.08 - 5:41 pm | #
Mortgage relief.
Bankruptcy modification of mortgages.
Doubtful. Far too many of those bad mortgages are in California - and they will never modify those.
Maybe Palin could recite the names of all of the former Presidents.
foolme1ns |
It struck me last night to compare the accomplishments and qualifications of John Adams when he became first VP of the US to Sarah Palin's record of achievement. On the best day of her life she couldn't have powdered his wig!
How did we get so effed up?
.
It's just me again |
09.20.08 - 5:43 pm | #
Doubtful. Far too many of those bad mortgages are in California - and they will never modify those.
Afternoon, good people.
Diane C. Barking-Mad |
Homepage |
09.20.08 - 5:44 pm | #
Where can I sign up for some o' that free government money with no strings, recourse, or questions asked?
Ed |
09.20.08 - 5:46 pm | #
Have you got enough caulk?
GWPDA yclept Damaged Historian
took note of it today while at the hardware store, but realized we've got about 3 tubes. i'll put them to work.
ErinPDX |
09.20.08 - 5:46 pm | #
BTW, in Chapter 12 cases (farm bankruptcies), mortgages are already completely modifiable.
Gomez |
09.20.08 - 5:46 pm | #
Ah, Sarah Palin (she's the one with the lipstick).
You know, we just might be facing another four years of Gott mit uns.
Diane C. Barking-Mad |
Homepage |
09.20.08 - 5:46 pm | #
the British markets have a stock transfer fee. It apparently is a small % of each transaction but it adds up. I think it would be a good idea to create one here. It could be paid off the top and go right into a payback the taxpayer fund.
therealhellkitty
There ya go.
$1.00 per trade into the fund to repay me and you.
We would make that trillion back before this shit even hits bottom.
bklyn |
09.20.08 - 5:46 pm | #
The Congressional Research Service showed that McCain has voted for 12,673 earmarks totaling $144 billion in just six of the 26 years he's been in Congress.
I never really, I mean really, understood what FDR meant by "we have nothing to fear but... fear itself" until just this week.
SteveLG |
09.20.08 - 5:50 pm | #
yay!
the boys' band's guitar player can teach them chinese
ErinPDX |
09.20.08 - 5:50 pm | #
Palin To Meet With Karzai
Sarah Palin will be meeting this coming week with Afghan President Hamid Karzai, during Karzai's visit to the U.N. General Assembly in New York. The meeting will likely attract a lot of press attention, as Palin seeks to make up for her lack of experience in foreign policy
Oh to be a fly on the wall. Like that guy doesn't have enough problems.
Neponset |
09.20.08 - 5:50 pm | #
Ridiculous - has to be more specific and subject to judicial review for abuse of discretion.
Sapient |
09.20.08 - 5:50 pm | #
It's blatantly UnConstitutional. But that's never stopped the Bushies before.
plantsman |
09.20.08 - 5:50 pm | #
Atrios
That "Review" provision of the Wall Street bail out proposal -- the language of which categorically prohibits any review by any court or administrative body of any decision made by the Secretary of the Treasury -- was one of my favorites, too.
So, too, was Sec. 10, Increase in Statutory Limit on the Public Debt:
Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.
Certainly, my favorite part of David Herszenhorn's article in the NYT was the following:
It is far from clear how much distressed debt the government will actually end up purchasing under the plan, though it seemed likely that the $700-billion figure was large enough to send a reassuring message to the jittery markets. There are estimates that firms are carrying up to $1 trillion or more in bad mortgage-related assets.
Clearly, the $700-billion figure is by design deceptively low to ensure a quick sale to the idiots in the House and Senate who are all lined up like lemmings to rubber stamp this legislative debacle.
If you believe that $700 billion will stop this hemorrhage on Wall Street, then I've got a bridge in Brooklyn to sell you at subprime rates.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Sarah B. |
09.20.08 - 5:50 pm | #
David Addington's shit-stained fingerprints are all over this White House bail-out proposal.
No oversight.
No accountability, especially for any of the golden parachute Wall Street CEOs.
No relief for any of the American taxpayers footing the bill for this taxpayer-funded bail-out, especially for any that are not members of the Top One Percent Golden Parachute Club.
One has to wonder what America did to piss off Addington and most Republicans so much.
The Oracle |
09.20.08 - 5:51 pm | #
Up point. I don't think we can start another war. The CiC credit card won't go through for some reason.
EkCenTriK |
09.20.08 - 5:51 pm | #
I remember how Republicans went ape shit when Landrieu requested a blank check to bail out Louisiana after Katrina.
Anyway, I love this quote from Senator Boner:
"Mr. Boehner added: “Efforts to exploit this crisis for political leverage or partisan quid pro quo will only delay the economic stability that families, seniors, and small businesses deserve.”"
Translation: If you dare try to put in anything that helps poor people we will filibuster and blame you for filibustering.
BTW, the idea that this legislation is meant to help "families, seniors, and small business" is disgusting. It's meant to help rich GOP assholes on Wall Street that were in danger of losing their yachts, and no more. Any other assistance is purely accidental.
Joshua |
09.20.08 - 5:52 pm | #
Where can you complain about that draft proposal? Is there some sort of commenting site by the government? Or am I far too naive?
Echidne |
Homepage |
09.20.08 - 5:52 pm | #
No review or oversight? Gee, why bother with the November election since the Treasury Secretary will be running the country.
Diane C. Barking-Mad |
Homepage |
09.20.08 - 5:53 pm | #
Does this mean he can issue letters of transit that cannot be rescinded, not even questioned?
Newton Minnow |
09.20.08 - 5:54 pm | #
The New President can fire the Treasury Secretary, and will.
plantsman |
09.20.08 - 5:54 pm | #
Echidne, normally I'd say talk to your senator....
Do Americans owe more or less than $700 Billion in credit card debt ?
Gilly Gonzylon |
09.20.08 - 5:54 pm | #
"(2) entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts;"
The code provision is the one regarding hiring of consultants - in other words, they're going to hire all their cronies for $3 B a head.
Sapient |
09.20.08 - 5:54 pm | #
The Congressional Research Service showed that McCain has voted for 12,673 earmarks totaling $144 billion in just six of the 26 years he's been in Congress.
It used to be called the Legislative Services Division until someone noticed that the acronym was LSD.
leibniz leibkins ♘☮ |
09.20.08 - 5:54 pm | #
Time to read Naomi Klein's Disaster Capitalism again.
Echidne | Homepage | 09.20.08 - 5:39 pm | # [kill][hide comment]
Theory of the Leisure Class is also a good read.
therealhellkitty |
09.20.08 - 5:54 pm | #
Does this mean he can issue letters of transit that cannot be rescinded, not even questioned?
The Treasury will now be able to issue Letters of Marque, on its own account.
Damn. I may have to join Grover Norquists anti-tax jihad.
So, who wrote this legislation? John Mack? Jamie Dimon?
res ipsa loquitur |
Homepage |
09.20.08 - 5:56 pm | #
Helicopter Bernanke is going to need a squadron of C-130's
BedBug |
09.20.08 - 5:56 pm | #
And one more thing:
Nobody could have predicted that Bush would turn the United States Capitol into a giant crack house before leaving office....
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Sarah B. |
09.20.08 - 5:56 pm | #
Okay, now I get it. Bush/Cheney used 9/11 as an excuse to sieze control of everything in this country except Wall Street and the banks. This crisis gives the triumvirate of Bush/Cheney/Paulson the excuse to seize control of the financial system. Now all that's left is to find soime excuse to cancel the election.
bob5540 |
Homepage |
09.20.08 - 5:56 pm | #
$1.00 per trade into the fund to repay me and you.
We would make that trillion back before this shit even hits bottom.
bklyn | 09.20.08 - 5:46 pm | # [kill][hide comment]
If you consider average daily market volume it could really help.
therealhellkitty |
09.20.08 - 5:58 pm | #
Damn. I may have to join Grover Norquists anti-tax jihad.
Bwah, Grubby Nortwits bathtub Gorilla has morphed into King Kong and is headed for a tall building on Wall Street.
BedBug |
09.20.08 - 5:58 pm | #
What Jesse said:
Its just an opinion, but some think that Wall Street has looked at the tea leaves and realized that they are going to lose control of the White House in addition to the Congress, and the next four years are going to be about rebuilding and reform, restoration and maybe retribution.
So with a new sheriff coming perhaps its time for the confidence men to cash in their chips and leave town.
This line is essentially a bluff. Hank's logic was essentially "let's demand 700 billion AND no oversight--these democrat pussies will feel good about themseles saying no on one of those two terms, but we win either way"
ronathan richardson |
09.20.08 - 5:59 pm | #
The Treasury will now be able to issue Letters of Marque, on its own account.
GWPDA yclept Damaged Historian | 09.20.08 - 5:55 pm |
Yesterday was Talk Like a Pirate day.
Jean Lafitte would have loved this administration.
therealhellkitty |
09.20.08 - 6:00 pm | #
While this provision is blatantly unconstitutional, it could be used to Obama's advantage. Obama should vow to have his Treasury Secretary use the $700,000,000,000 to pay off every citizen's mortgage, credit card debt, and car loan. Jubilee is what they used to call it in Old Testament times. Sound silly? No sillier than what is about to happen.
Franklin Furter III, H.D. |
09.20.08 - 6:00 pm | #
Eschaton Disaster Preparation:
Caulk
Binkies
Beer
Gromit
You forgot the thongs!!!!!!
Adams,Jefferson and Madison |
Homepage |
09.20.08 - 6:00 pm | #
It's just the opening gambit. Let's see what's in the final bill before going apeshit. Guaranteed, however, the final bill will piss off a lot of people. It's interesting that both the left & the right are pissed about this.
Time for dinner. Good evening bats.
qlª - Obama/Biden |
Homepage |
09.20.08 - 6:00 pm | #
Has anyone been to see what the freepers are saying about this?
smalfish |
09.20.08 - 6:01 pm | #
While this provision is blatantly unconstitutional, it could be used to Obama's advantage. Obama should vow to have his Treasury Secretary use the $700,000,000,000 to pay off every citizen's mortgage, credit card debt, and car loan. Jubilee is what they used to call it in Old Testament times. Sound silly? No sillier than what is about to happen.
Franklin Furter III, H.D.
and wouldn't that be a win-win? banks/investors still get paid?
ErinPDX |
09.20.08 - 6:01 pm | #
Okay, now I get it. Bush/Cheney used 9/11 as an excuse to sieze control of everything in this country except Wall Street and the banks. This crisis gives the triumvirate of Bush/Cheney/Paulson the excuse to seize control of the financial system. Now all that's left is to find soime excuse to cancel the election.
bob5540 | Homepage | 09.20.08 - 5:56 pm
Just what I'm thinking. I mean, the finger to the Constitution is so blatant.
Are we gonna let 'em do this?
.
Sparkle Plenty |
09.20.08 - 6:01 pm | #
Today, U.S. District Judge Colleen Kollar-Kotelly dealt a “setback for the Bush administration in its effort to promote a narrow definition of materials that must be safeguarded under by the Presidential Records Act” by ruling that Vice President Cheney must preserve his records. Kollar-Kotelly said that the Bush administration’s legal position “heightens the court’s concern” that some records may not be preserved. The lawsuit, brought by CREW and several historian organizations, was prompted in part by Cheney’s claim that he is not part of the executive branch.
Thanks for trying, Judge Kollar-Kotelly.
Where can you complain about that draft proposal? Is there some sort of commenting site by the government? Or am I far too naive?
I think the process and the proposal are not open to public scrutiny.
masculine_monica_nyc |
09.20.08 - 6:02 pm | #
Ack! MSNBC is running their Palin bio next. Must get clicker!
plantsman |
09.20.08 - 6:02 pm | #
no frickin bailout
let them fail like the guy with the mortgage he can't make due to increased food, gas and health care costs
Foghorn Leghorn |
09.20.08 - 6:05 pm | #
I think the process and the proposal are not open to public scrutiny.
masculine_monica_nyc | 09.20.08 - 6:02 pm | #
An oversight, I'm sure.
Phila, Duke of Earl |
Homepage |
09.20.08 - 6:05 pm | #
It's days like this I really wish I had a cat to sit on my arm and distract me with its serene purring. I hear it's good for the blood pressure.
Libby |
Homepage |
09.20.08 - 6:06 pm | #
My retirement plan is to emmigrate to Canada.
Brian |
09.20.08 - 6:07 pm | #
So who wrote the bill?
res ipsa loquitur |
Homepage |
09.20.08 - 6:07 pm | #
Phila, sorry about posting over the weekend. It's one of those days. But do post either today or tomorrow.
Echidne |
Homepage |
09.20.08 - 6:08 pm | #
It's days like this I really wish I had a cat to sit on my arm and distract me with its serene purring. I hear it's good for the blood pressure.
Libby | Homepage | 09.20.08 - 6:06 pm | #
I can make a valiant attempt at imitation, if you don't mind a 210lb cat on your arm.
Franklin Furter III, H.D. |
09.20.08 - 6:08 pm | #
The Taliban or Al-Qaeda, whoever attacked the Marriott, killed a lot of Muslims breaking fast on the first night of Ramadan.
plantsman |
09.20.08 - 6:08 pm | #
There's that very shiny Ali Velshi. He's so shiny.
Chairman Mo |
09.20.08 - 6:08 pm | #
Bill proposal is written, bill not yet written.
plantsman |
09.20.08 - 6:09 pm | #
Has anyone been to see what the freepers are saying about this?
Oh yes, always. The Freepers, in general, are not happy. Some of the true repub believers are keeping happy thoughts. But the the base is unquiet tonight.
Finny |
09.20.08 - 6:09 pm | #
So who wrote the proposal?
res ipsa loquitur |
Homepage |
09.20.08 - 6:10 pm | #
Bonjour, je m'appelle Brian.
Brian |
09.20.08 - 6:10 pm | #
Regarding verbiage for Obama to use in a speech criticizing the Billionaire Bailout Plan...
Does anyone really believe that Obama will do other than what he did on FISA or offshore drilling? Don't you think he'll ensure that Wall Street has a "seat at the table" in any post-partisan compromise? The man's actions, his words, and his funding sources suggest standing up for US Taxpayers against the plutocrats is not a priority for him. I'd sooner get a lobotomy than vote for McCain but I have no faith Obama is going to do other than support a plan that shifts wealth from us to the plutocrats. No faith.
Comrade Imelda Blahnik |
09.20.08 - 6:11 pm | #
So who wrote the proposal?
Master of the universe.
smalfish |
09.20.08 - 6:11 pm | #
Many threads ago, someone linked to the Proposal; I forgot to note the author, though Paulson seems implicated
plantsman |
09.20.08 - 6:11 pm | #
A number of Freepers are pushing the idea that the banks were forced to issue loans to bad risks:
Banks were forced to sell mortgages to people while knowing they could never pay them back.
“This is a good foundation of a plan that can stabilize markets quickly,” Mr. Schumer said in a statement. “But it includes no visible protection for taxpayers or homeowners. We look forward to talking to Treasury to see what, if anything, they have in mind in these two areas.”
I'd sooner get a lobotomy than vote for McCain but I have no faith Obama is going to do other than support a plan that shifts wealth from us to the plutocrats. No faith.
Comrade Imelda Blahnik | 09.20.08 - 6:11 pm | #
The one difference would be that Obama would try to get something for us out of it - McCain wouldn't bother...
It’s just as well - if Congress tried to manage it at all, they would completely screw it up. Better Hank Paulson than Barney Frank and Chris Dodd.
Yeah, 'cause having one person in charge, with no public input, would be way better than having several hundred who have at least theoretical accountability to the taxpayers.
These fuckheads will accept any kind of tyranny at all, as long as long as it usurps whatever marginal power Barney Frank has.
Phila, Duke of Earl |
Homepage |
09.20.08 - 6:13 pm | #
yeah, Treasury wrote it -- no doubt with input from the chairman of Morgan Stanley, J.P. Morgan, Merrill, et al.
I am not worried. I am sure that President Palin has the requisite financial skills to handle all of this. After all, she handles money every time she buys another "skinny white mocha latte" up at her local Wasilla coffee joint.
res ipsa loquitur |
Homepage |
09.20.08 - 6:13 pm | #
I'd love to hear from Barney Frank on this proposal.
Diane C. Barking-Mad |
Homepage |
09.20.08 - 6:13 pm | #
Colleen Kollar-Kotelly
This is a real person's name?
------------------------------
Isn't that what you yell at the end of a round of hide n seek?
Newton Minnow |
09.20.08 - 6:14 pm | #
Oh yes, always. The Freepers, in general, are not happy. Some of the true repub believers are keeping happy thoughts. But the the base is unquiet tonight.
Seems we and they have something in common. More than once the phrase pitchfoks and torches was used. Wonder if a revolt really is coming.
The wife was working on our taxes today. As she was walking out the door, she mentioned that we are going to pay our taxes with this weeks profits. I'm thinking No.
smalfish |
09.20.08 - 6:14 pm | #
"Hank Paulson has an 18 inch penis"-legislation
jr |
09.20.08 - 6:14 pm | #
Computers that automatically buy and sell for big investors hit snags because they were not programmed for such a restriction. Securities firms and money managers that routinely sell short to hedge against possible losses wondered how they would cope. In certain stocks and funds traded on New York Stock Exchange, some prices and trades were “erroneous,” a spokesman said.
The surge in financial shares was driven at least in part by traders who were forced to buy those stocks to cover earlier short sales, raising doubts about whether the rally will last.
Hedge fund managers who made vast profits betting against the nation’s financial titans called the ban unfair, and said the move would only prolong the financial crisis. Some traders said they were no longer betting on the intrinsic health of companies, but rather on what the government might do next. Others simply withdrew from the market.
Ha ha ha ha ha!
masculine_monica_nyc |
09.20.08 - 6:15 pm | #
A number of Freepers are pushing the idea that the banks were forced to issue loans to bad risks.
Phila, sorry about posting over the weekend. It's one of those days. But do post either today or tomorrow.
Echidne | Homepage | 09.20.08 - 6:08 pm | #
There's no need to apologize to me for posting on your own blog! And I'm still very busy anyway...got to finish a big project this week. Or try to.
But at least I put a toe in the water....
Phila, Duke of Earl |
Homepage |
09.20.08 - 6:16 pm | #
After all, Vice-President Palin learned more than any other American about energy while studying to be a sports caster for 6 years. She probably knows what to do. Let's ask her!
Chairman Mo |
09.20.08 - 6:16 pm | #
I can't stand hearing Sarah talk.
plantsman |
09.20.08 - 6:17 pm | #
re: res ipsa loquitur
Maybe she does. Maybe she doesn't.
Truthfully...we just don't know.
I heard Joe Biden speak personally two days ago. I was 50 feet away.
He talked about DETAILS.
PLANS.
ISSUES.
That's not exactly funny, that's the truth.
Brian |
09.20.08 - 6:17 pm | #
Ha ha. From the NYT article:
Some Congressional Republicans warned Democrats not to overreach. “The administration has put forward a plan to help the American people and it is now incumbent on Congress to work together to solve this crisis,” said Representative John A. Boehner of Ohio, the Republican leader.
And I bet they won't (overreach).
res ipsa loquitur |
Homepage |
09.20.08 - 6:17 pm | #
Krugman:
Here’s the thing: historically, financial system rescues have involved seizing the troubled institutions and guaranteeing their debts; only after that did the government try to repackage and sell their assets. The feds took over S&Ls first, protecting their depositors, then transferred their bad assets to the RTC. The Swedes took over troubled banks, again protecting their depositors, before transferring their assets to their equivalent institutions.
The Treasury plan, by contrast, looks like an attempt to restore confidence in the financial system — that is, convince creditors of troubled institutions that everything’s OK — simply by buying assets off these institutions. This will only work if the prices Treasury pays are much higher than current market prices; that, in turn, can only be true either if this is mainly a liquidity problem — which seems doubtful — or if Treasury is going to be paying a huge premium, in effect throwing taxpayers’ money at the financial world.
And there’s no quid pro quo here — nothing that gives taxpayers a stake in the upside, nothing that ensures that the money is used to stabilize the system rather than reward the undeserving.
I hope I’m wrong about this. But let me say it again: Treasury needs to explain why this is supposed to work — not try to panic Congress into giving it a blank check. Otherwise, no deal.
SteveLG |
09.20.08 - 6:17 pm | #
Is this, like, REALLY FUCKING DEPRESSING, or is my blood alcohol level just too low?
V for Virginia, fatigued |
09.20.08 - 6:17 pm | #
Oh yeah, the racism came out early on this mess.
plantsman |
09.20.08 - 6:18 pm | #
These fuckheads will accept any kind of tyranny at all, as long as long as it usurps whatever marginal power Barney Frank has.
I wonder if they're aware that Barney Frank is gay?
masculine_monica_nyc |
09.20.08 - 6:18 pm | #
Ron Fournier (b.1963) is an American national political journalist employed by the Associated Press (AP). He currently serves as their Washington bureau chief.
Fournier is a native of Detroit, Michigan. He attended the University of Detroit.
Fournier began his journalism career in 1985 at The Sentinel-Record in Hot Springs, Arkansas. Two years later, he moved to the Arkansas Democrat in Little Rock, Arkansas. He stayed there for another 2 years before joining the Little Rock bureau of the AP in 1989. While there, he covered Bill Clinton during his final term as Governor. When Clinton was elected President, Fournier moved to the AP's Washington bureau.
Fournier left the AP in 2004 to take a Harvard Institute of Politics fellowship. During this period, he also co-wrote the book Applebee's America with Matthew Dowd, a Republican strategist, and Doug Sosnik, a Democratic strategist. In 2006, he took a position as editor-in-chief of a new Internet website called Hotsoup.com, which aimed to foster discussion on a number of topics including politics. The site failed to catch on, however, and Fournier returned to the AP in March 2007 as its Online Political Editor, after considering “a senior advisory role” with John McCain's presidential campaign.
Brian |
09.20.08 - 6:18 pm | #
Consequences? - One throwaway line like that proves nothing. McCain's thrown out a few lines just like that, as have the rest of the Congressional asshats who will vote this thing through.
Comrade Imelda Blahnik |
09.20.08 - 6:19 pm | #
Blood alcohol too low, and broke to boot.
plantsman |
09.20.08 - 6:19 pm | #
The sunset provision says it expires two years from now, right before mid-term elections, IOW.
noblejoanie |
09.20.08 - 6:19 pm | #
A number of Freepers are pushing the idea that the banks were forced to issue loans to bad risks.
Ward Churchill and Barbra Streisand made them do it at gunpoint. Otherwise, it never would've occurred to them that they could exploit poor folks and minorities via predatory lending.
Another moral victory for the defenders of Personal Responsibility.
Phila, Duke of Earl |
Homepage |
09.20.08 - 6:19 pm | #
Your concern is noted, Comrade.
plantsman
Why do they have to come here and shit in the punchbowl?
Terry C - Obama/Biden 2008 |
Homepage |
09.20.08 - 6:19 pm | #
While investigators for the House Oversight Committee were looking into the death of Pat Tillman, they uncovered an email from Fournier to Karl Rove encouraging him to "keep up the fight." Critics such as Eric Boehlert have lambasted Fournier for his apparent bias.
Brian |
09.20.08 - 6:19 pm | #
Maybe she does. Maybe she doesn't.
Oh, she does. Budgeting those "skinny white chocolate mocha lattes" requires mad finance skillz.
res ipsa loquitur |
Homepage |
09.20.08 - 6:19 pm | #
Some Congressional Republicans warned Democrats not to overreach.
She'll priority Edewcateshon and ChIldrens, as a vice-prestent, our Nation, expeerienss of our futur, all our futures, and they will not stop America, as an honor to our next prestent in chief, we are all proud, stand up for our leader, the one with the Right stuff! in our time, a POW, neither 9-11, never, and not Alkiada!
stunney |
09.20.08 - 6:21 pm | #
Poll: Racial views steer some white Dems away from Obama
By RON FOURNIER and TREVOR TOMPSON, Associated Press Writers
Mr. Boehner added: “Efforts to exploit this crisis for political leverage or partisan quid pro quo will only delay the economic stability that families, seniors, and small businesses deserve.”
Why does he even have a mic anymore?
res ipsa loquitur |
Homepage |
09.20.08 - 6:22 pm | #
Racial views steer some white Dems away from Obama
Ya don't say.
Phila, Duke of Earl |
Homepage |
09.20.08 - 6:22 pm | #
Ron Fournier is a GOP hack working for GOP hacks at AP.
plantsman |
09.20.08 - 6:22 pm | #
All we need is curveball to tell us there are WMDs in the Treasury Building, and it is time for a preemptive invasion.
I too was just starting to wonder what the freepers think of all this.
They seem awfully slow in noticing the "no oversight" part. Most don't like it. but one tried to justify it like this:
"Okay, I will speak up on behalf of Section 8.
Maybe it’s too broad, but there has to be some protection for our tax dollars against the ravening horders of plaintiffs trial lawyers who will look at the Treasury intervention in the mortgage securities markets and lick their chops.
Here we have one institution broken by liberal politicians meeting another institution (our court system) broken by liberal judges.
Remember the obscene tobacco cases in which the sleazy plantiffs bar enriched themselves to the tune of billions of $$$ and then poured much of that money into political campaigns to support their ‘Rat political enablers?
When the Treasury (i.e., our tax dollars) intervenes in the mortgage securities market, there will be winners and losers and the last thing I want to see is additional billions of our money walking out the door to sleazy plaintiffs lawyers bringing class action market manipulation suits against the Treasury and being second-guessed by corrupt, dopey liberal judges."
Why can't these dumbasses see these guys as our common enemy?
Wake up rightwing nutjobs!
Danny Guam |
09.20.08 - 6:35 pm | #
From the New York Times:
"Mr. Frank said Democrats were particularly intent on limiting the huge pay packages for corporate executives whose firms seek aid under the new plan — raising the prospect of a contentious battle with the White House."
limiting? How about stripping every son of a bitch CEO of his assets and cutting him loose? What have they done that they deserve to get paid for?
res? Whatsa 'GC'? I mean my pop's name was George Cleveland, but I'm assuming that's not it.
GWPDA yclept Damaged Historian |
09.20.08 - 6:52 pm | #
Since the corrupt, greedy, conservative policies of these corporate CEOs on Wall Street has led to the foreclosure on so many homes, these corrupt CEOs should have their own multi-millionaire dollar mansions seized (in foreclosure, no bankruptcy protections) and sold to help pay back American taxpayers.
The Oracle |
09.20.08 - 6:53 pm | #
"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
You know...I am sure I read the exact same thing in a text book about the rise of Nazi Germany...
avalanche |
09.20.08 - 7:27 pm | #
The first post hit the mark - this is fucking insane.
This is the Bush Administration. How insane can Congress be to give them that unfettered control?
jdw |
09.20.08 - 8:20 pm | #
Interesting that somebody could place plaintiffs' lawyers on a lower plain than a dishonest, lying, highly profitable industry which markets a product known to cause millions of premature deaths yearly.
ProfWombat |
09.20.08 - 10:27 pm | #
such drooling drollery
more likely your pathetic attempts at saving for retirement get seized or zeroed out as "systemic failure" plays out under daddy bush and daddy paulson (cheney is the puppeteer)
irreverent |
09.20.08 - 11:56 pm | #
I propose we name this,"the Cheney Clause"
pablo |
Homepage |
09.21.08 - 9:48 am | #
So they've poisoned the whole bill with a clause that is wholly and indisputably unconstitutional.
But seriously: why the fuck would any sane, patriotic American vote for something like this? It's absurd.
Seraphiel |
09.21.08 - 11:03 am | #
The courts need to be freed up to impale more poor folks, especially if they smoked pot to escape the horrors of daily life. Let's leave these rich folks alone.
m.e.b. |
09.21.08 - 7:45 pm | #