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danps's picture

The Case For The FDIC Over Tim Geithner

No Associated Press content was harmed in the writing of this post Read below the fold...

Caro's picture

Politics and Media Headlines 3/26/09

@BarackObama Updates His Twitter! (by Adam Ostrow at Mashable)
Barack Obama, Twitter’s second most popular user (CNN has passed him), updated his Twitter account [Wednesday] for the first time since taking office. The update is to promote the President’s online town hall, which encourages citizens to submit questions via The White House website. Obama will be responding to some of the most popular questions – determined by users voting them up ala Digg – via video on Thursday.

Read below the fold...

Bankster of the Day

Arthur Levitt:

"This is an issue of 'we' and 'they,'" Mr. Levitt said. "Compensation is a part of it, but a symbolic part of it. We are a centrist nation ... We're now shifting to the left pretty far in terms of business-bashing and it has reached extremes of incivility that are intolerable."

Got your 401(k), Arthur? How's your house? Got a job? Health care when you need it? Good. I'm happy for you. Read below the fold...

Why, oh why can't we have a better press corps?

[UPDATE What dday said, of Obama and Versailles snickering at the marijuana question: "For a real community interaction to work there has to be a certain level of respect, and that was apparently sorely lacking." Of course, some of us never expected respect. So there you are. -- lambert] Read below the fold...

Corporate exortion right out in the open (and use UPS, not FedEx)


FedEx Corp is threatening to cancel the purchase of billions of dollars worth of new Boeing Co cargo planes if Congress passes a law that would make it easier for unions to organize at the package-delivery company, the Wall Street Journal said.

Can you blame them? Read below the fold...

Great news! Soon, Pentagon's lethal robots will be "fully autonomous"!


The unmanned bombers that frequently cause unintended civilian casualties in Pakistan are a step toward an even more lethal generation of robotic hunters-killers that operate with limited, if any, human control.

The Defense Department is financing studies of autonomous, or self-governing, armed robots that could find and destroy targets on their own. On-board computer programs, not flesh-and-blood people, would decide whether to fire their weapons.

Autonomous armed robotic systems probably will be operating by 2020, according to John Pike, an expert on defense and intelligence matters and the director of the security Web site in Washington.

What could go wrong? Read below the fold...

Slow gardening


The mix of shrubs and flowers Mr. Rushing planted instead of a traditional lawn is an example of his “Slow Gardening” approach. The term takes its name and inspiration from the Slow Food movement, whose adherents believe in using local ingredients harvested in an environmentally responsible way.

Simply put, the doctrine calls for gardeners to relax, take their time and follow seasonal rhythms, instead of doing everything at once — an urge that’s especially prevalent in early spring, when people are tempted to run outdoors and plant to affirm that winter is over, taking with it the naked expanse that passes for a backyard.

Read below the fold...

Broderella drops the curtain on the AIG bonus kabuki

Move along, people, move along!

Now, can we get back to the serious business of dumping all our money into an enormous hole?

In The Know: Should The Government Stop Dumping Money Into A Giant Hole? Read below the fold...

Obama on single payer in online town hall

[UPDATE 64,000 views, but I'm betting that they're influencers. Numbers will increase, too. Technically, the show was fine, and Obama looked good. And the play? Well... --lambert]

[TYPING LIVE] Why? Costs. Medicare, Medicaid is the biggest driver of the deficit. If you add up the recovery package, and the various economic proposals, that amounts to a fraction of the long term deficit and debt that we're facing. Better to pay now, rather than wait. I want a "universal" health care system. Whether we do it like Europe or Canada. Read below the fold...

If there's widespread fraud by the banksters in the mortage documents, are derivative contracts based on them still binding?

Which there is. Just asking.

Not sure, of course, whether nobody's asking it because it's really stupid, or because everybody knows the answer, but nobody wants to say it out loud. Read below the fold...

Let the gaming begin!

The kind of people who figure out how to game Geithner-san's auction for toxic assets are already hard at work. Here's

Let's see an example. "Bank" has a mortgage-backed security (MBS) with original par (nominal) value of $100. In 2008 Bank "marked-to-market" and now values the MBS at $95 in its books. But we all know that this MBS is worth a lot less, maybe less than $60, but Bank won't acknowledge reality.

Read below the fold...

PSA of the Day: Conficker worm scheduled for activation April 1st--April Fool's joke or real threat?

Per this post by Tina at The Agonist, Microsoft thinks it's a real threat and is offering reward for finding author, etc. It has gone through several very sophisticated versions.

Commenter graham posts NYTimes article snippets and link for Enigma's free detector/removal tool.

I am not a expert in this stuff, but seems worth checking out. Read below the fold...

Sarah's picture

When Stupid Attacks


Texas has for so long been an example of how not to do just about anything you cared to name involving state government, that tonight's news out of the State Senate really depresses me. Some years back, in a fit of uncharacteristic freeheartedness, the Texas legislature enacted a rule saying any Texas high school student who finished in the top 10 per cent of his/her graduating class was guaranteed admission to any state university. Evidently that's giving too much leeway to kids based on their intellect: today the Texas Senate voted to cut that rule so that only 60% of any freshman class could be made up of those graduates. Read below the fold...


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