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Yet more weak shit on the banksters from Obama

[pounds head on desk]:

Obama: Time for big banks to help small businesses
"[OBAMA] These are the very taxpayers who stood by America's banks in a crisis, and now it's time for our banks to stand by creditworthy small businesses and make the loans they need to open their doors, grow their operations and create new jobs," Obama said.

Read below the fold...

White collar crime

Is there a blog that covers white collar crime like insider trading and accounting control fraud the same way that Jeralyn covers criminal law? Looks like it... Read below the fold...

Showing some class

Office of the Actuary: Democrat health care "reform" will increase costs

Interesting story that got no play in our famously free press or on the A list, though Hipparchia covered the wonky version of the story. This is the snarky version! From Wednesday of this week:

The nation's medical costs will keep spiraling upward even faster than they are now under Democratic legislation pending in the House, a report from government economic experts [but see below] concluded Wednesday.

The Obama administration immediately challenged the analysis...

Of course, of course.

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Somebody needs to sue the taxidermist...

... because Trigger isn't dead. Yeah, Mike Allen, Politico.

I figure somebody's sending a signal. Or it's all kabuki. Who knows?

NOTE Pravda has a different slant. Read below the fold...

"Zombie action for health care reform"

Taibbi: Elizabeth Warren for President. In 2012.

Isn't it time to have a Democratic President? A long quote from Taibbi, but a good one. And I'm glad we're starting this discussion now instead of in 2010 or, heaven forfend, 2012:

I’m personally of the opinion that our main problem lay with the fact that the Democratic Party as currently constituted is more afraid of losing the financial support of Wall Street and the health insurance industry and the pharmaceutical industry than it is of losing progressive voters. In fact, I think I’ve put that wrong, because it implies that the Democratic Party pushes the agenda of industry insiders out of fear. That is a misread of the situation, I think.

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Night of the Living Fed

night of the living fed

NOTE Via Jr. Deputy Accountant (via W. C. Varones). As JDA comments, "how empty my life would be if I hadn't seen this." Read below the fold...

Pressure drop

Why "produce the note" works -- the chain of securitization

Pam Martens has an excellent article in Counterpunch that explains the whole process:

Three plain talking judges, in state courts in Massachusetts and Kansas, and a Federal Court in Ohio, have drilled down to the “straw man” aspect of securitization. The judges’ decisions have raised serious questions as to the legality of hundreds of thousands of foreclosures that have transpired as well as the legal standing of the subsequent purchasers of those homes, who are more and more frequently the Wall Street banks themselves. ....

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If you want democracy back, break up the big banks

Simon Johnson:

Competition between banks is good – on this ["immaculate regulation" advocate Charles] Calomiris and I agree. We differ with regard to whether allowing large quasi-monopoly banks to dominate the landscape (e.g., Goldman Sachs and JP Morgan Chase today) is helpful to competition in any sense.

We should also throw into the mix three additional considerations.

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Well, you oughta know

Bob Corner (R-TN):

We all know that the selling of one’s body is one of the oldest businesses that has existed in the history of the world. And so the AMA now is engaged in basically selling the support of its body....

Actually, it's not a business, but a profession.

In any case, I wish nothing but the best for you both. Read below the fold...

Health care deform: Abort, Retry, FAIL?

Don McCann says abort. Then reboot:

The five reform bills passed by House and Senate committees will not control health care costs, and yet these are to be merged into one bill – that will not control health care costs.

What is the worst that could happen?

Read below the fold...

Weiner's single payer amendment to be CBO-scored

Yay!

I called 202.225.6616 and thanked him. So should you!

This is patient, real, unglamorous work. Not showhorse MR. SUBLIMINAL Alan Grayson but workhorse.

Again, yay! Read below the fold...

Go read Arthur

Whoever just told me to do that.... They're right. Go read Arthur.

This is a great post, and it collects Arthur's ideas in a compact enough form that flyweight intellects like mine might be able to use them, instead of merely admire them. Read below the fold...

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