I don't usually write to advice columns, Auntie, but I'm having feelings I've never experienced before, and I'm so confused.
I was led to believe it was socially acceptable — and then some — to have a rivalgasm whenever the Obama administration held Republicans to its bosom. Read more about Dear Aunt Hopey
Bailout watchdog kicks Timmy in the nads: PPIP can be gamed, 20 criminal investigations open on TARP
The U.S. Treasury's plan to purge toxic assets from banks' balance sheets is vulnerable to fraud and abuse and needs tough rules against conflict of interest, the government's bailout watchdog said on Tuesday.
Neil Barofsky, the special inspector general for the $700 billion Troubled Asset Relief Program (TARP), said in a report that subsidies for public-private investment partnerships (PPIP) to buy assets could expose taxpayers to higher losses without corresponding increases in the potential for profit.
"MSM (mainstream media) reports and government announcements leave us with a sense that something is off. We try to assuage our unease with online facts, leaks, and answers. That seeking, combined with the mainstream media’s ineffective communication, opens a portal for opportunistic publicity hounds. Like Hal Turner.
Yesterday, Turner announced that he had obtained leaked “bank stress test reults” (sic) from regulators. He pithily stated that “they are very bad.” "
I would love to see others giving their small biz tips. With that goal, I'm going to start sharing my experiences.
Background, I run a small company that works all over, sometimes out of country, but mostly in the midwest. We gather data for our clients which we transfer over the web via a secure server. Transferring the data is not our main business, but an integral task.
In the early days we emailed it, but emailing 10 megs, then 20 megs, then 50 megs of data became a pain, especially when you are doing it from a slow connection in Carroll, Iowa. So we came up with this secure server idea, using repository version control software to keep track of changes and ensure the data is properly backed up and complete. It works like AWESOME. Read more about Small Biz Tip - Cloud Computing
Because, seriously, Peggy Noonan? George Will? Walking away? Transparent for the terrorists too? Read more about If God was watching, from a distance or otherwise, HOW did these ... people ... survive?
BarbinMD at the Obama 527 Formerly Known As Daily Kos:
Jane Harman Shilled For Bush To Avoid Investigation
CNN'S ED HENRY: Just so I understand, you're saying the people in the CIA who followed through on what they were told was legal, they should not be prosecuted? But why not the Bush administration lawyers who, in the eyes of a lot of your supporters on the left, twisted the law, why are they not being held accountable?
GIBBS: The president is focused on looking forward. That's why.
And that's different from shilling for Bush, how, exactly? I'm sending this one out to BarbinMD: Read more about Pathetic
Explaining why the latest floated plan from Obama's "top economic advisors" (is that you, Timmy and Larry?) doesn't make sense.
The proposal is to "stretch" (the NYTimes' word) the bailout funds by converting the existing loans to the biggest banks into common stock. This turns the loans into capital for the banks, thus improving their balance sheets, and good things ensue (or so we are told). Because, uh-oh! the stress test are expected to show that some big banks, including my own personal parasite BoA, are in need of more capital. (I know the feeling!)
Quoth the Times: Read more about Paul Krugman says "Yo' mama"
Here are some videos from the Consumer Reports sit down session with the good doctor. The first three sessions are up in video form with the other parts to follow in the next few days.
Part 1) It's not all Bad News
Part 2) On surviving the next year
Part 3) On falling prices and deflation
The videos run between 2 1/2 to 3 min each.
(hat tip The Consumerist) Read more about Nouriel Roubini interview at Consumer Reports