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Republicans back Geithner as Elizabeth Warren issues COP report

Elizabeth Warren actually gives some historical background. This is a great video that explains the options clearly. How come she's the only voice in government doing this? Wait, don't answer that.

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But then, Republicans are always for throwing trillions to banksters with no transparency and no accountability, aren't they? Bloomberg: Read below the fold...

To the shores of Tripoli...

Er, Somalia:

Pirates captured the container ship Maersk Alabama and its crew of 20 Americans off Somalia in what Navy officials said may be the first seizure of a U.S. ship in four years of attacks.

Biden's test? Read below the fold...

Only those who created the problem can solve it!

Happy happy joy joy! If you're an unemployed bankster, you can get government work!

Underscoring Washington’s appeal as the financial industry shrinks, about 400 finance professionals have signed up for a New York job fair this month featuring nine federal agencies ranging from the Federal Deposit Insurance Corp. to the FBI and the Securities and Exchange Commission. That’s double the tally at similar events last year, organizers say.

Read below the fold...
Mandos's picture

DeLong: Either Geithnerism works or we are doomed to apocalypse

Brad DeLong is one of the few liberal(ish) economists willing to stick his neck out and spend his personal credibility as a blogger and academic economist on the bailout plan. For him, apparently, there are only two options: paying off the bankers works, and we are able to dig ourselves out of a Depression, or the Depression falls into apocalypse. However, apparently he's willing to stake his reputation on the former hypothesis:

Read below the fold...
admin's picture

User experience

I've been tinkering with the server some, and I hope pages are building faster now. I think they are, but that may be wishful thinking and projection! So, readers, please let me know!

Note that (1) I had to disable the glossary module for now. You never want to see the words "segmentation fault" in your server logs, eh? Read below the fold...

Davidson's picture

FDL: Eminem disses Palin. Yay!


FDL (Emphasis mine):

Alaska's Frost Lady is part of Eminem's stimulus package.

Gov GILF has a new fan in rapper Eminem, who includes Sarah Palin in a wish list of ladies with whom he'd like to be intimately involved. Palin joins the rapper's hit list of simulated sexy celebs like Lindsey Lohan, Kim Kardashian, and Jessica Simpson in the video for "We Made You." Fame, it's a bitch.

Read below the fold...
Sarah's picture

Caller from Chicago busts Limbaugh's chops -- and Limbaugh can't answer


Charles, in Chicago, who voted for McCain -- who served in the Marine Corps and the US Army, who knows about Klaus Barbie and understands what this nation is supposed to be about: my hat's off to you, man.

What you did to Limbaugh on the radio was a thing of beauty, a joy and a delight. Thank you, thank you, thank you.

A soldier and a Marine -- and your service continues. Thank you.

MORE callers like Charles, please. Read below the fold...

Damon's picture

11 Dimensional Chess 101


For a good two years, now, Time Magazine has been putting out meta puff pieces on Obama on a reliable, weekly basis. The one I'm going to discuss from last weeks edition by Michael Grunwald is not much different. But, this part caught my attention: Read below the fold...

Tuesday Night Rational Marijuana Policy Lo-Fi Blogging

Still Waters...

Man. That's so catchy I've got to play it a fourth time. There. Bonus track: Read below the fold...

Headlines that make me want to hang myself

Analysis: Obama achieves defining TV shot in Iraq.

The meta! It b-u-u-u-u-r-n-s!!!

[pounds forehead on desk] Read below the fold...

Nervine5's picture

Blumenthal Questions Credit Rating Companies

Connecticut Attorney General Richard Blumenthal is questioning why up to $400 million in federal bailout money is going to the big three credit rating agencies that he says helped create the economic meltdown.

Blumenthal said Monday that he is investigating why a $1 trillion government bailout program designed to unfreeze the credit markets steers money to Moody's, Fitch and Standard & Poor's and shuts out their six smaller competitors.

He said the companies may have violated antitrust laws, and he alleged they overrated toxic assets before the meltdown.

”The net result here is that up to $400 million in fees will be showered on the same ratings agencies whose mistaken ratings and inflated ratings led to the economic crisis,” Blumenthal said. “It is another reward for failure.” Read below the fold...

Sarah's picture

What a difference a presidency makes

So the President visited Iraq today, un-announced beforehand. The troops appear to have been glad to see him.

Now if he will bring them home, I will join them in being glad that this President is so very different from his predecessor. Read below the fold...

Bankster of the Day

Citigroup Inc.'s new board chairman, Richard Parsons, said financial institutions are being targeted for creating the nation's financial crisis, but they aren't the only ones responsible.

"Everybody participated in pumping up this balloon. Now the balloon has deflated," he said Monday. "Everybody, in reality, has some part of the blame. But it's much more in the culture to find a villain and vilify the villain."

Read below the fold...

Local currencies mainstreamed in USA Today


A small but growing number of cash-strapped communities are printing their own money.

Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.

The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount — say, 95 cents for $1 value — and spend the full value at stores that accept the currency.

Workers with dwindling wages are paying for groceries, yoga classes and fuel with Detroit Cheers, Ithaca Hours in New York, Plenty in North Carolina or BerkShares in Massachusetts.

Read below the fold...


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