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geneo's picture

Alabamians Offer PACT Solutions

countrycat has posted more video from that public hearing in Montgomery last Thursday. She had one over the weekend of a man suggesting that the PACT board be mindful of the wrath of god.

In the one below, we see some citizens proposing specific solutions to the problem, and being very clear that they don't want their money back -- what they want is for their children to have an education.

Read below the fold...

Look, I don't want to be overly negative...

But Leno and not Letterman? Read below the fold...

Reich: The real scandal is that AIG is accountable to nobody

Robert Reich:

But if our very own Secretary of the Treasury doesn't even learn of the bonuses until months after AIG has decided to pay them, and cannot make stick his decision that they should not be paid, AIG is not even accountable to the government. That means AIG's executives -- using $170 billion of our money, so far -- are accountable to no one.

Read below the fold...

Bankster of the day

vastleft's picture

Simple solutions to simple problems

geneo's picture

Alabama Treasurer Selling PACT as Late as January

Alabama blogger havealittletalk has uncovered a news story from January 14 of this year that reports State Treasurer Kay Ivey encouraging people to invest in the Alabama college saving program. Stupid or evil? I am not qualified to say.

Havealittletalk has also noticed the program's investments in the Cayman Islands increased by more than $9 million between 2006 and 2007. I am not sure what that means, but I think these are the sorts of details worth noticing. Read below the fold...

Aux telephones, New Englanders!

You're up next, New Englanders!

Tuesday is your shot at the Obama Health Care Deform Forums, and there will be a demonstration in favor of single payer outside of the meeting place.

VERMONT - Tuesday, March 17th, 2009

Please join a peaceful demonstration at 12 noon at:
University of Vermont Davis Center
Burlington, VT

Read below the fold...

If there's one thing Versailles just hates, it's anger

It's late, so I don't have time to analyze the latest piece of stenography from Nags, but this paragraph caught my eye: Read below the fold...

AIG reveals counterparties

Yves; WaPo. As predicted,the usual suspects.

So, now can we find out where all the bailout money went? There's two trillion of it, so far. Read below the fold...

Show us the contracts!


Comedy gold from Larry the Bailout Guy:

Lawrence Summers, director of the White House's National Economic Council, said Treasury Secretary Timothy Geithner had "scaled back" the bonuses but that the administration could only go so far.

[SUMMERS] "The whole situation at AIG is outrageous. What taxpayers are being forced to do [nice avoidance of agency. Who's doing the forcing? The Bailout Fairy?] is outrageous," he told CBS program "Face the Nation."

Read below the fold...

WSJ: AIG bonus figure $450 million, not $165 million, as Times and CNN stated


Times; CNN.

Well, which is it? Just out of curiousity. Since it is, after all, my money, because I've been doing my little bit to bail out AIG.

I mean, I know that salespeople always make the most money, and deservedly so -- but does that also apply to salespeople selling toxic paper? Read below the fold...

DCblogger's picture

The Charter School Kleptocracy


Charter schools and the attack on public education

According to U.S. Census data, well over $800 billion is spent on education, public and private, at all levels in the United States each year.20 This makes it roughly the same size as the U.S. trade deficit with China. The private sector wants to get its hands on this money. Along with politicians, it is determined to break the power of the teachers’ unions and to attack one of the last bastions of decently paid American workers. The budget problems resulting from the current recession will provide them cover in doing this.

Read below the fold...

If Obama's our FDR, then where's the Pecora Commission?

I post in haste, so Wikipedia:

The Pecora Commission is the name commonly used to describe the commission established on March 4, 1932, by the United States Senate Committee on Banking, Housing, and Urban Affairs to investigate the causes of the Wall Street Crash of 1929. The name refers to the fourth and final Chief Counsel to the committee, Ferdinand Pecora.

Read below the fold...

Where's my pony? Do the counterparties have it?

7772So-Where-s-My-Fucking-Pony-PostAfter some months, the Times editorial board wakes from slumber: Read below the fold...


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