S&L scandal's William Black on Bill Moyers: Tim Geithner "covering up" massive fraud by bailed out banksters
(For William Black, see Corrente on 2009-02-17; he's the S&L enforcer who took down Charles Keating, back in the day when we had a regulatory structure). Here's the Bill Moyer's transcript; trying to excerpt from it is like trying to excerpt a nuclear explosion, so read it all: Read below the fold...
It's bad enough that the Hawkeye State has scofflaws who support the healthcare option that dare not speak its name, it has now defied the will of Our Lord and Savior Jesus Christ, by offering marriage equality to homosexuals.
The Greatest President Evah has made it clear that "marriage is the union between a man and a woman [big applause at Rick Warren's Saddleback Church], now for me as a Christian, it's also a sacred union, now God's in the mix [applause]." Read below the fold...
Politico, but seemingly well sourced.
“My administration,” the president added, “is the only thing between you and the pitchforks.”
The fresh details of the meeting — some never before revealed — come from an account provided to POLITICO by one of the participants. A second source inside the meeting confirmed the details, and two other sources familiar with the meeting offered additional information.
Aw, come on. Couldn't we pitchfork one or two of 'em? Read below the fold...
If you've been paying attention during the last month or so you know about the tent cities. But the truth is they aren't new. The truth is, they go back to the era of Reagan and "entitlement cutbacks." They're not limited to the USA; the causes are worldwide the same, though -- governments not meeting their responsibilities to ensure affordable shelter for the populace:
Tent cities have much in common with the squatter camps of the Great Depression, but to simply call them Hoover-villes is to ignore their complexity. To truly understand them, one must look at current trends in the developing world, where informal urbanism -- a form of "slum" development that takes place outside the conventions of city planning -- is now the predominant mode of city-making.
Informal urbanism, characterized by unauthorized land occupation, makeshift construction and a lack of public utilities, is how many burgeoning nations meet their housing needs. It thrives in places like Fresno, where poverty is endemic and there is a wide gap between rich and poor.
Rahul Mehrotra, a professor at the MIT Institute of Urban Studies and Planning, said there's a real kinship between Taco Flat and the squatter settlements of Mumbai, India, where he runs an architectural firm.
"It's really a reflection of the government's inability to provide housing affordably across society," Mehrotra said. Informal urbanism also thrives wherever people face exclusion from the mainstream markets for work and shelter, he added, whether for ethnic, economic or political reasons.
So, President Obama. Change has come to Washington. Will it be change that brings back jobs? Call center jobs, construction jobs, seasonal work in harvesting or planting -- like jobs generations of Americans used to pull themselves into the middle class in such industries as the telephone company, the power company, the automakers or support industry for the automakers, GE's washer-and-dryer division, Boeing, Raytheon, Convair, General Dynamics, US Steel, Maytag, AT&T, SBC -- these jobs just like the better stronger jobs they replaced in our "service economy" at the behest of the "global free market" -- are gone. The doubt that they'll return grows stronger every day. Corporations have been turning away from US labor since at least the middle of the 1980s, and consumers, lulled by the promise of "lower prices every day" and its poisonous cousin, "easy credit," have been missing the point of saving a little longer to pay for a better quality or US made or both item instead: the job you save might be your own. I'm so old I remember when in some neighborhoods in the US, buying a Toyota or a Datsun bought you a car-egging, if not Read below the fold...
Edit - It does not look like she would be a credible candidate.
Last month, the unhappy unions tried to oust Dan Parker as state chairman of the Indiana Dems, a move seen by many as a shot across the bow against Evan Bayh (the figurehead who keeps giving his blessing to Parker). Those same unhappy unions were some of JLT’s biggest supporters last year, when the Parker-led state party couldn’t care less about her. We think this has legs, but we’ll remain skeptical (and hopeful) until something more concrete materializes.
Tyler Dunden on Charles Bowsher, who resigned rather than sign off on the Federal Home Loan Bank System’s Office of Finance financial statements because
he wanted to call shit shit he had "become aware of the standards and processes for valuing the mortgage-backed securities":
So: to paraphrase - [Bowsher,] who knows the ins and outs of the financials of banks involved in the mortgage crisis more intimately than even Bernanke and Geithner, let alone Obama, is saying that the newly implemented changes by the FASB will throw the whole system into tailspin and he want none of it.Read below the fold...
At Pandagon, Jesse Taylor recently had an appendectomy and has been undergoing a Kafkaesque (I keep using this word, truly we are in the era of fatal paradoxes...) billing nightmare:
So, in the latest update in my appendectomy idiocy: I’m in collections for $16,040.
Every time I call my insurance company, they tell me they’ve contacted the hospital “for information”. Every time I contact the hospital, they say they’re “waiting for information” from the insurance company. When I ask for supervisors, they tell me they can’t do anything until they “get information”.Read below the fold...