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What a race… 25 September 2008

Posted by marisacat in Inconvenient Voice of the Voter.
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Lillies – Golden Gate Park – San Francisco

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1. NYCO - 25 September 2008

Bile-inducing headline on my local paper this am…

OBAMA, MCCAIN, BUSH TO TEAM UP ON ECONOMIC CRISIS

And from the WaPo:

Link to WashPo

This week, Obama dropped his insistence that the plan include a generous stimulus package for the broader economy, after Republicans said they could not accept what they called extraneous spending. Yesterday, he came out against many members of his party when he said the package should not include changes in bankruptcy law that would have allowed judges to restructure mortgages for people facing foreclosure.

2. Madman in the Marketplace - 25 September 2008

OBAMA, MCCAIN, BUSH TO TEAM UP ON ECONOMIC CRISIS

A sign to EVERYBODY to start hiding money in their mattresses.

3. marisacat - 25 September 2008

U.S. Appeals Abroad Fall Flat as Leaders See No Crisis at Home

By Steven Mufson and Anthony Faiola
Washington Post Staff Writers
Thursday, September 25, 2008; Page A01

As the world watched Congress struggle yesterday with a plan to bail out the U.S. financial system, foreign leaders balked at similar fixes for their own economies, a few even dismissing the credit meltdown as an American problem. Some foreign investors who had previously provided crucial injections of capital remained on the sidelines.

“The situation we face here in Europe is less acute and member states do not at this point consider that a U.S.-style plan is needed,” said Joaquín Almunia, the European Commissioner for Economic and Monetary Policy in Brussels.

Meanwhile, the sovereign wealth funds of Asian and oil-rich Middle Eastern nations, which have come to the rescue of U.S. firms before only to see these investments erode, showed little interest in taking a similar gamble.

“We are not responsible for saving foreign banks,” said Badr al-Saad, managing director of the Kuwait Investment Authority, in remarks broadcast by al-Arabiya satellite television Tuesday. “This is the duty of the central banks in these countries.” Kuwait’s sovereign wealth fund pumped at least $3 billion into Citigroup in January, but the stock has lost a third of its value since then.

4. aemd - 25 September 2008

China slams the lending window shut on US banks.

“The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.”

5. Intermittent Bystander - 25 September 2008

Brownback, Nader, and Ahmadinejad are on Democracy Now this morning. At work now, so am missing the latter interview, but Nader had a few pithy remarks about BushCo’s purposeful creation of market panic and the craven uselessness of the Dems as opposition.

Didn’t see the Lame Duck’s primetime quackery last night (there’s only so much of this shit I can take), but the clips I heard this morning sure did sound like the ol’ YellowCake and Mushroom Cloud Monster Mash, this time set to a Wall Street tickertape beat.

6. marisacat - 25 September 2008

IB

well I listened to the pretzeldent.. and imo he issued threats. which is his MO.

***

aemd…

LOL

China, well the day had to come! We wandered long enough in some magickal secret garden of slap happy zero interest cash loans. From whomever. Talk about ADDICTS.

7. marisacat - 25 September 2008

Gamey old roosters

***’Republicans privately worry that if they go on record voting for the administration plan, and Democrats withhold their votes, Democrats will run campaign ads tagging the Republicans as the running dogs of Wall Street moguls while the Democrats stood up for the put-upon denizens of Main Street. Democrats have a similar worry that they will get pulled into voting for the bailout only to find that Republicans, citing free-market principles and protecting taxpayers, backed out at the last moment.’

via Mike Allen Politico email.

8. Intermittent Bystander - 25 September 2008

Man falls to death after police stun gun shock

NEW YORK – A naked, distraught man fell to his death after a police officer shocked him with a Taser stun gun as he stood on a building ledge, authorities said.

The man, Iman Morales, 35, was pronounced dead at a hospital after his nearly 10-foot fall Wednesday. Police said he suffered serious head trauma when he hit the sidewalk.

Suicide intervention by NYC’s finest.

9. marisacat - 25 September 2008

Mama Bubble

Death Rattles of a Criminal Class

by BAR executive editor Glen Ford

“The world of finance has accumulated a gigantic mass of fictitious capital that does very little to improve the human condition and the preservation of the environment.” – from “Mad Finance Must Not Rule Us,” an open letter from former German Chancellor Helmut Schmidt, five former European prime ministers, two former presidents of the European Commission, and five former economics or finance ministers, published in Le Monde (Paris), May 21, 2008.

The Mother of All Bubbles

The same corporate forces that brought us one gargantuan financial bubble after another, each more destructive than the last, also surround the United States in a semi-sealed information bubble, impervious to facts that are inconsistent with the corporate narrative. Thus, few Americans outside the marginalized Left were even vaguely aware of what Europe’s most distinguished social democratic politicians were shouting at the top of their lungs: a huge bubble of “fictitious capital” in the form of “derivatives” and other complex instruments “notionally” valued at $500 to $750 trillion menaced the world – and especially the U.S. – economy. Schmidt and his colleagues warned that the West must not succumb to “rule” by this Mad – fictitious! – Capital, which “represents 15 times the gross domestic product (GDP) of all countries” – for, “when everything is for sale, social cohesion disintegrates and the system collapses.”

10. marisacat - 25 September 2008

… probably the last person to stun iwth a taser is a naked, distraught person on a ledge.

11. Intermittent Bystander - 25 September 2008

Unfuckingbelievable, eh?

12. marisacat - 25 September 2008

Stealing this in whole:

Thursday, September 25, 2008

Bref

Plan’s Mystery: What’s All This Stuff Worth?

-The NY Times

Dear Headline Writers,

Nothing.

Monetarily,
IOZ

13. marisacat - 25 September 2008

11

Over the years since the Taser technology came out, it seems that cops, and whoever, seem to think it is some sort of mother’s milk. When it is so clearly the opposite. Don’t use it, except in extreme circumstances. Instead on a daily basis we get horror stories. Like an elderly woman in a dispute with neighbors over front lawn maintenance. Tasered. That one really stuck in my mind.

For what?

And this is horrible. I caught sight of the film this am.

14. marisacat - 25 September 2008

The End times are here, CRAMER is saying selling 20%, convert to cash.

Geesh a bit of sanity from a crazy person.

15. marisacat - 25 September 2008

Greider has a new one:

[T]o sweeten his chances, the Omaha sage quickly announced that he endorses the $700 billion bailout plan proposed by Treasury Secretary Paulson. Let’s follow the bouncing ball. Buffett puts some of his capital at risk on terms that are smartly protected from loss. Then Buffett urges the taxpayers to put their money on the line too. Only the taxpayers don’t have any deal. They are the naked investors in this drama, asked to put up many billions to rescue Wall Street firms with nothing more than a vague promise it will save the Republic. I am reminded of the oldest rule in the financial business: “Get it in writing.”

Warren Buffett’s intervention provides a clarifying moment because it demonstrates what’s wrong with the bipartisan bailout Congress is preparing to authorize. There’s nothing illegitimate in what Buffett accomplished. The overlapping terms and contingencies he secured for his capital are standard practice in Wall Street deal-making. Investment bankers work out the fine print and put it in enforceable contracts or the deal doesn’t happen. /snip/

hmm I am listening to analysts proffer the usual sort of ”stuff” when economic times turn hard. But there seems a bit of extra intensity. I am guessing they know lots of companies are quickly planning rolling and massive lay offs.

16. liberalcatnip - 25 September 2008

5. the clips I heard this morning sure did sound like the ol’ YellowCake and Mushroom Cloud Monster Mash, this time set to a Wall Street tickertape beat.

You got that right. And I’m sure he practiced that “financial Armageddon is on the way” look on his face for days before. He’s a fucking disgrace.

17. liberalcatnip - 25 September 2008

From the last thread re: the comment about congresscritters being given a glossary of financial terms…let’s see…how do you usually say it again, mcat? Oh yeah. WE ARE SO SCREWED.

18. aemd - 25 September 2008

Ioz. LOL.

“Thanks to the bottomless dumbassery of their own bedrock constituency, they lost the grip-and-grin, conference-room acceptability of Mittens Spock Brigham Romney XIV and instead have to run with Grandpa Forgetsalot and Natty Bumppo in drag.”

19. undercover - 25 September 2008

Obama advisers, and inner circle:

On May 22, 2008, Democratic Party officials confidentially divulged that Obama had asked Johnson “to lead the process” for selecting Obama’s running mate. On June 4, 2008, Obama announced the formation of a three person committee to vet vice presidential candidates, including Johnson. However, Johnson soon became a source of controversy when it was reported that he had received loans directly from Angelo Mozilo, the CEO of Countrywide Financial, a company implicated in the U.S. subprime mortgage crisis. Although he was not accused of any wrongdoing and was initially defended by Obama on the grounds that he was simply an unpaid volunteer, Johnson announced he would step down from the vice-presidential vetting position on June 11, 2008 in order to avoid being a distraction to Obama’s campaign.

Johnson is a strong Obama supporter who has personally donated the maximum $4,600 to his 2008 Presidential campaign, as well as $1,000 to Obama’s Senate campaign in 2004. In addition to personal donations, Johnson is a bundler for the Obama campaign, raising between $200,000 and $500,000.

Who is he? A Goldman Sachs board member:

From 1991 to 1998, he served as chairman and chief executive officer of the Federal National Mortgage Association (Fannie Mae), the quasi-public organization that guarantees mortgages for millions of American homeowners. Previously, he was vice chairman of Fannie Mae (1990-1991) and a managing director with Lehman Brothers (1985-1990). An Office of Federal Housing Enterprise Oversight (OFHEO) report[1] from September 2004 found that, during Johnson’s tenure as CEO, Fannie Mae had improperly deferred $200 million in expenses. This enabled top executives, including Johnson and his successor, Franklin Raines, to receive substantial bonuses in 1998.[2] A 2006 OFHEO report[3] found that Fannie Mae had substantially under-reported Johnson’s compensation. Originally reported as $6-7 million, Johnson actually received approximately $21 million.

As of 2006, he is a vice chairman of the private banking firm Perseus LLC, a position he has held since 2001. He is also a board member at Goldman Sachs, Gannett Company, Inc., a media holding group, KB Home, a home construction firm, Target Corporation, Temple-Inland, and UnitedHealth Group.

Johnson has also served as chairman of both the Kennedy Center for the Arts (1996-2004) and the Brookings Institution (1994-2003). He is also a member of the American Academy of Arts and Sciences, the American Friends of Bilderberg, the Council on Foreign Relations, and the Trilateral Commission.

http://en.wikipedia.org/wiki/James_A._Johnson_(businessman)

Anything for Sachs and Morgan Stanley.

20. marisacat - 25 September 2008

oh that line from IOZ made me laugh. That must be new I was there a few hours ago and missed that…

Right, with Romney it just would have been a religion where, as was recently pointed out to me, adherents can still have spiritual children after death. LOL.

thx…………………….. ;)

21. marisacat - 25 September 2008

oh god help me.. I am agreeing with the Catholic loon, K-J-Lo.

Hey, Weren’t You Guys Part of the Problem? [Kathryn Jean Lopez]

From John Boehner on Chairmen Frank and Dodd announcing a “deal” on the rescue package, “As I told our Conference this morning, there is no bipartisan deal at this time. There may be a deal among some Democrats, but House Republicans are not a part of it.”

There’s something very disconcerting about Frank and Dodd at the front, still — and apparently speaking for the Democratic party — on this.

And Barack Obama doesn’t sense he’s needed there to intervene with that even? Bill Clinton might advise otherwise … if he wanted Barack to win.

09/25 12:04 PM

bingo on the last bit… ;)

22. marisacat - 25 September 2008

Chris Dodd announces that both parties and both houses have agreed to a substantial agreement, to be worked on overnight (loose ends). (newsbreak KGO)

Do we believe him? Or anyone?

23. marisacat - 25 September 2008

Boehner says ”No there is not”.

LOL

24. liberalcatnip - 25 September 2008

As Bush Admin Pushes $700B for Wall Street, Ralph Nader Asks, “Why Is There Need for a Bailout?”

Nader: I don’t think the Democrats show any nerve that they are going to do anything but cave here. And the statements by Nancy Pelosi are not reassuring, which is, “Well, it’s the Republicans’ bill, you know. Let them take responsibility for it.” That doesn’t work. She’s the Speaker of the House. The Democrats have got to say, “Slow down. We’re not going to be stampeded into this bill by Friday or Saturday. We’re going to have very, very thorough hearings.” Otherwise, it’s another collapse, at constitutional levels, of the Congress before King George IV.

Exactly.

25. liberalcatnip - 25 September 2008

Will this revolution be televised?

AMY GOODMAN: Well, Ralph Nader, something that isn’t vague are the emerging rallies against Wall Street bailout that are being held today in over a hundred cities. In Washington, protesters are gathering outside the Treasury Department at 4:00 p.m. Here in New York, a protest is set for 4:00 p.m., as well, in Bowling Green Park near Wall Street.

The day of action has been partly inspired by an email sent out Monday by New York journalist Arun Gupta. In the email, Gupta described the bailout as the biggest robbery in world history. Arun Gupta is a reporter and editor at The Indypendent newspaper here in New York. He joins us in the firehouse.

You’ve just been written up in BusinessWeek. Talk about this letter. Talk about what you are putting out there.

ARUN GUPTA: Well, I do a good bit of economic writing, and I was trying to decipher the plan this weekend, and it became quickly apparent to me that this is a financial September 11th, that the Bush administration was trying to use the shock of this crisis, the self-induced crisis in this case, to ram through legislation that was highly ill-considered in terms of the actual economic merits, on the one hand, and then, on the other hand, it was this extreme power grab that would give these huge sweeping new powers to the Treasury Department.

So I wrote up this email. I sat on it overnight, because I was hesitant to send it out. I’m a journalist, not an organizer. But after talking with a few people, they felt I should send it out, so I sent it out to about 150 activists, organizers and media folks that I know in New York City. And it just exploded. You know, I don’t take any special credit for it. I was just tapping into this huge amount of anger and resentment that was out there.

JUAN GONZALEZ: Now, when you say “exploded,” what was the response?

ARUN GUPTA: Well, I talked to people who, within one hour of me sending it out and then them—I encouraged people, “Please forward widely.” They told me that within less than an hour, they had received it back from five or six different people. By the end of the day, apparently, a lot of big groups started jumping on it, including unions. By the next day, it was being endorsed and variations were being forwarded by True Majority, Code Pink, United for Peace and Justice. And so, it was just—it really showed the power of the internet in a particular moment.

AMY GOODMAN: So, talk about these protests that are taking place around the country.

ARUN GUPTA: Well, it started, as you know—the idea is like gather in Wall Street, and I thought maybe it would be a dozen people, and we’d be standing on the sidewalk. But now it looks like there will be hundreds, even possibly thousands. And then, True Majority picked up the call, along with United for Peace and Justice, one of the main antiwar groups, and they said, you know, “Let’s have these day of actions around the country.”

So, all over the country now, there are going to be protests in various financial centers. I’ve been getting emails from people, you know, from every single corner of the United States, asking, you know, “What’s going on? How do we plug in?” And so, we’re just trying to point them to these websites. It’s like, look, here’s a list of the protests, or you can plan your own event. And this is really coming from across the political spectrum.

26. liberalcatnip - 25 September 2008

CNN’s Rick Sanchez just announced the protests.

Chris Dodd: “fundamental agreement on a set of principles”

Not a done deal though.

27. liberalcatnip - 25 September 2008

21. Ooops. I see you already mentioned Dodd’s statement. IV caffeine for me, stat.

28. liberalcatnip - 25 September 2008
29. liberalcatnip - 25 September 2008

More Nader:

I’d like Barack Obama, actually, to support the Nader-Gonzalez ticket.

:)

30. liberalcatnip - 25 September 2008
31. liberalcatnip - 25 September 2008

Sen Shelby after WH meeting:”no agreement”

32. marisacat - 25 September 2008

same routine as this am Barney blathered, Boehner said he’s looney… Dodd blathered, Shelby says ne’s nutz.

Good luck to us, rather than them…

33. marisacat - 25 September 2008

and during the 2 PM, jsut now, KGO newsbreak, they said a full contingent of McC aides just did a walk thru at Ole’ Miss…

so…………………

34. liberalcatnip - 25 September 2008

The WH press corps was waiting for everybody outside the west wing. Only Shelby popped out. Obamalama and McCain left by another door. lol

Obama went back to the Mayflower Hotel (Mayfair?) and he’s giving his little press conference there.

35. liberalcatnip - 25 September 2008

Oh, the theatre…

36. marisacat - 25 September 2008

ObRama and McC have left the WH… Reid says no deal. Or he said something. Caling Monte Hall!

37. marisacat - 25 September 2008

oops just saw 33….

WH aide says “we are getting closer” LOL to what? the bugs on the rose bushes?

38. marisacat - 25 September 2008

some offices are saying the constituent calls are running 500 to one agasint the deal.

LOL skewered like th bugs they are.

39. liberalcatnip - 25 September 2008

Blitzer keeps saying “deal or no deal?” They’re all game show hosts now.

40. marisacat - 25 September 2008

LOL Robert Reich on KGO

No one has any idea what anything is worth. The 700 billion figure was snatched out of the air … and the dollar will drop as foreigners realise we have no idea what we are doing, they will pull their money

This day has been coming for so long.

This is nto a pretty picture…

No shit sweetie.

41. NYCO - 25 September 2008

Holy crap, I think the deal just fell apart. Something on ABC News about Paulson begging with the Dems not to “blow it all up” or something.

42. marisacat - 25 September 2008

via the schnauzers at The Corner:

Panic mode [Kathryn Jean Lopez]

“TREASURY SECRETARY HENRY PAULSON FEARS BAILOUT DEAL MAY COLLAPSE; PLEADS WITH DEMS, ‘PLEASE DON’T BLOW THIS UP,’ ABC NEWS HAS LEARNED”

09/25 06:38 PM

43. NYCO - 25 September 2008

WaMu is now going under, see WSJ.

44. NYCO - 25 September 2008

Whoops, correction. WaMu is being bought, or partially bought, by JP Morgan Chase.

45. marisacat - 25 September 2008

ObRama spending the night in DC… from reports. Whatever this is all about, he is not in MS and not in FL doing “debate prep”, so his schedule is not his own.

muddle on guys.

46. marisacat - 25 September 2008

via The Page:

Candidates give similar interviews to the three networks:

MCCAIN:

Said many members of Congress continue to have concerns about the package, “the biggest event of this kind in history.” Said progress has been made on a bill, and he is “hopeful” they will get enough done Friday to attend debate.

OBAMA:

Said what happened to complicate the deal “is not exactly clear,” and is “pretty frustrating.” Suggested injecting presidential politics into the bailout deal made things less constructive. Added economy will likely be part of debate Friday since “we can’t be strong abroad if we’re not strong at home.”

Obama Also speaks on CNN: Says both sides appeared ready to strike a deal before he and McCain landed in Washington, but “something happened in the intervening hours.”

47. NYCO - 25 September 2008

The Dems are only holding out on this deal because they are afraid the Republicans won’t go along and provide political cover.

The only comfort is in being much more certain now that the American two-party system has a doom and date. Because no matter what they do, the fix is in and people are going to suffer mightily. It is SO over. And they don’t know it yet.

48. marisacat - 25 September 2008

Rep. Barney Frank, D-Mass., chair of the House Financial Services Committee was livid saying, “Don’t say that to us after all we’ve been through!”

House Speaker Nancy Pelosi said, “We’re not the ones trying to blow this up; it’s the House Republicans.”

“I know, I know,” Paulson replied.

49. NYCO - 25 September 2008

This thing reminded me last night of an entry in the Bulwer-Lytton Bad Sentence contest, from many years ago, that I particularly loved. Sadly I can’t locate the book for the exact quote, but it went something like… “It was a fine summer evening in 1914, before the Great War, and all over Europe, teacups clattered, gentlemen sported, and simple folk worked from dawn until dusk, as was right.” (the actual sentence was more pungent and funnier – forgive me) And I really had a vision of this moment in time as not being the dawn of The Depression, but instead as Europe must have been on the eve of WWI, the stupidest and bloodiest war ever fought (up to that time). And how we look back today at how the upper classes in Europe lived – no, they didn’t have our technological advances, but they lived on a scale of sumptuousness we can scarcely imagine — except, that is how some people are living today, again. So we CAN imagine it.

And all that went to bloody hell after the idiotic leaders of their day, this dying class of aristocrats, shoveled their young people into the trenches in some of those mindbogglingly stupid and avoidable stalemates in human history. And it seems to me that this is what they are poised to do again today, except doing it economically. All so that the privileges of the teacup clattering estate owners can be protected against forces they cannot ever be protected from.

So that’s how I think future generations will remember this time on the eve of the Great Unraveling… they will marvel at how poor immigrants worked as gardeners for the ascendancy and the wannabe-ascendancy and they’ll marvel at the huge houses on huge plots of land and the sheer scale of sumptuousness; they’ll write romantic fiction about the good old days, but they will be a different sort of people with different sort of bitter knowledge and they will look down upon the naivete and cherished illusions of this age.

50. marisacat - 25 September 2008

47

From what I read, it seemd that Nancy wanted 100 or 110 house R in line for whatever deal the Dems wanted. But it sounds like it is barely half that amenable, to much of anything.

So who ties them to the bed tonight and beats them up? And who knows what rotted dead rats get shoved at us, as a “deal”.

51. Madman in the Marketplace - 25 September 2008

naked, distraught person on a ledge.

unless he’s a hedge fund manager, then have at it.

52. liberalcatnip - 25 September 2008

I see KO is trying to blame the “blow up” on McCain. That’s a bit shallow considering so many Repubs were already opposed to the plan before Johnny showed up. All you had to do was watch the hearings to see that.

53. Intermittent Bystander - 25 September 2008

Gotta do it.

Dylan sings Everything is Broken – apparently a live recording from 2008 (posted in April by someone who hints at being a part of the sound crew).

(What’s the HTML for a curly-haired non-smiley face, I wonder?)

54. liberalcatnip - 25 September 2008

This is crazy. And as I was going to write this Charlie Gibson said the same thing: you have the Dems pushing for Bush’s plans (with extras) and the Repubs opposing it.

55. marisacat - 25 September 2008

unless he’s a hedge fund manager, then have at it.

LOL so many potential victims………………………….. ;)

Reminds me of one night when I landed at some small low watt radio channel out here, called “Outlaw Radio” adn they were complimenting Chelsea Clinton for her work “for humanity” by being at a “hedge fund” … and it was not irony. They meant it. She is or was at a private equity fund, not a hedge fund, but same diff.

We are so fucking scrwed up!!

56. marisacat - 25 September 2008

I did read that the Dems have dropped the bullet point that bankruptcy judges be allowed to rewrite mortgages.

Whammo.

57. Madman in the Marketplace - 25 September 2008

56 – fuckers.

58. Intermittent Bystander - 25 September 2008

56 – Good luck tinkywinkering with the bankruptcy code right about now, especially on the election’s eaves. Like a distraught naked country! (Bullwer-Lytton, have at it!) Angels and demons are still slugging out the ram-RAM-ramifications of Congress’ last little bipartisan brawl through the china shop of America’s Pain Street of broken dreams.

Maybe the tasering concept can work for the people. Applications of the electric fury of the masses this week seem to be shocking the ledge funders just a little, right back.

59. Intermittent Bystander - 25 September 2008

The Wall Street/Beltway Poker Gang’s very best card is that people are, in fact, willing to believe in the ocean-deep, mountain-high incompetence, cynicism, and venal corruption of – the Wall Street/Beltway Gang. The suspicion of the masses only lends credence to the dire warnings of America’s Self-Serving Powers That Be.

60. marisacat - 25 September 2008

oh the Democrats have never planned to meliorate the nasty Bankruptcy bill. Most of them, nearly ALL believed in it. Hillary was lucky Bill landed in the ER that day, tho she claimed she would be a NO… Ob traded a NO on Bankrutpcy (and made no effort for amendments) for a YES on the class action suit bill.

Fuck them all. Ledges for them all.

61. Madman in the Marketplace - 25 September 2008
62. Intermittent Bystander - 25 September 2008

I’m just saying that anyone with any serious thoughts about the bankruptcy bill (a) needs higher hopes than the results of some wildly explosive diarrhea into the toilet of America’s finances under this president and the last Congress, and (b) knows there is no way the BK judges could handle such a task, unless you want to throw in a SHITLOAD of funding for staffing them up.

Not to mention teams of credentialed investigators and forensic accountants.

63. Intermittent Bystander - 25 September 2008

Sorry, meant to say

under this president and this Congress.

Naked and distraught on these election eaves.

64. Intermittent Bystander - 25 September 2008

PS to 62 – The offices of Chapter 13 Trustees would also be crushed by the massive increase in filings, if renegotiation of mortgage balances or interest made it to the bargaining table. That would make the expense and hurdles of filing for a 13 worthwhile, for plenty of people.

65. marisacat - 25 September 2008

The Democrats threw it up (any burble about Bankruptcy) as a blind so when home they can say, O you poor dear, we so tried fro you, mind if I sit for minute inside your tent? We tried to get your home back for you.

Of course nothing is going to work under this mess.

LOL Best of luck with the next president. Either one. It will be war and punishment. Roll back and deprivation.

Oh and by the way, EE career was as a state bankruptcy atty in NC. IIRC that sterling piece of shit (and it has nothing to do with where he put his sexual plumbing) she is married to voted YES on bankruptcy. But she is out and about claiming (Detroit Free Press, 9/18) to want to make intact his “truth of his fight for poverty” so the children don’t miss the true story of dad.

If that is not so perfect, so fucking Democratic party perfect, I don’t know what is. A tired piece of recruited for hsi personal wealth and self funding potential, tired DLC crap refashioned to fake leftischer to draw attenton off Kuc (who should leave the party) and yet another Axelrod fake whatever with Two Americas, as opposed to the updated version with Ob.

The joke is so on us.

NOR will the Dems have the poltiical will or the strength ot fight for equal pay. Lilly Ledbetter will end up where Breitweiser and the Jersey Girls ended up, after negotiating with Kerry to campaign with and for him, shafted. And Breitweiser at least is now firmly Ind. and felt extremely burned.

The road, loaded with shit and potholes is clear. Not jsut with bankrutpcy.

66. Intermittent Bystander - 25 September 2008

The Empire, such as it is, can’t possibly be allowed to strike back with such shocking force.

The cure would be just as catastrophic as the “crisis,” surely?

67. marisacat - 25 September 2008

JP Morgan takes possession tomorrow am of all Wamu branches.

Thsi should be a fun period, for workers.

68. Intermittent Bystander - 25 September 2008

65 – Two and only two Americas allowed!

Wish they had leaned more on her stories from the Death Valleys of the Credit Canyons than his sunavamillworker bullshit and grins.

69. bayprairie - 25 September 2008

its laughable watching the the reid and pelosi rockettes line dance in lockstep with their real political leader, g.w. bush, while the republicans play hard to get.

now thats opposition!

70. Madman in the Marketplace - 25 September 2008
71. liberalcatnip - 25 September 2008

U.S. bailout in chaos, feds seize WaMu

CNN is reporting that tonite’s meeting is over – no deal yet.

72. lucid - 25 September 2008

JP Morgan takes possession tomorrow am of all Wamu branches.

Crap… time to change banks.

73. marisacat - 25 September 2008

Gota love it, the old House of Morgan emerges a winner. Such as “winning” is.

74. NYCO - 25 September 2008

LOL, apparently Paul Begala just called Bush a “high functioning moron” on CNN.

75. Intermittent Bystander - 25 September 2008

Library of the old House of Morgan!

(Worth a visit, tourists! Cooper-Hewitt in Carnegie’s old pad is also a classical gas. No, really, I mean it.)

76. marisacat - 25 September 2008

NYT
on the Wamu seizure. largest bank seizure in US history.

77. Intermittent Bystander - 25 September 2008
78. lucid - 25 September 2008

Despite my loathing of Morgan, I must say that he had one of the most fantastic book collections I’ve ever seen – first printings of just about every major western text ever written along with first printings of just about every score of every famous western composer ever written. The Pierpont Morgan library is really a site to behold for book lovers.

79. lucid - 25 September 2008

jinx!

80. Intermittent Bystander - 25 September 2008

79 – Ha!

81. marisacat - 25 September 2008

I found that fearsome drool from EE at Detroit Free Press. I am sorry for her medical condition but I am a lot sorrier for the poor with terminal disgnosis and no care. Esp as she goes on wickedly lying, imo, about the Dems doing a damn thing about Health Care. Other than li, that is.

Edwards, 59, wants her three children — Cate, 26, Emma Claire, 10, and Jack, 8 — to have an image of their father as “an advocate for poverty, not for this current picture of him to be the only one they carry with them, as young people and as adults.”

“I have to prepare for the possibility if I die before they are grown and” make them “able to function without an involved, engaged and admiring parent,” she said. “So I need to create the picture for them that I want them to have.”/snip/

So typical of the party. Either full on liars or in full blown clinical delusional state.

82. marisacat - 25 September 2008

From the NYT on Wamu

Federal regulators had been trying to broker a deal for Washington Mutual because a takeover by the F.D.I.C. would have dealt a crushing blow to the federal government’s deposit insurance fund. The fund, which stood at 45.2 billion at the end of June, has been severely depleted after suffering a debilitating loss from the sudden collapse of IndyMac Bank. Analysts say that a failure of Washington Mutual would cost the fund upward of $20 billion or $30 billion.

83. Intermittent Bystander - 25 September 2008

Guess we won’t be holding our breath for the progressive philanthropic glories of any WaMoooooo Museum, huh?!

PS to above: Carnegie’s old digs, the Cooper-Hewitt (now the National Design Museum, under Smithsonian wing).

http://en.wikipedia.org/wiki/Cooper-Hewitt.

84. Intermittent Bystander - 25 September 2008

Upper East Side museum link in spam?

85. Intermittent Bystander - 25 September 2008

lucid – Check out Morgan’s librarian, Belle da Costa Greene. African-American, 1883-1950.

http://en.wikipedia.org/wiki/Belle_da_Costa_Greene

86. marisacat - 25 September 2008

LOL 6.6 billion in earmarks. Wsn’t that a dirty word the past years…

87. Intermittent Bystander - 25 September 2008

Trying again for links to Andrew Carnegie’s manse, enhanced by the granddaughters of Cooper and Hewitt :

National Design Museum

http://www.cooperhewitt.org/

http://en.wikipedia.org/wiki/Cooper-Hewitt

88. Intermittent Bystander - 25 September 2008

Aha – got it – thanks!

89. lucid - 25 September 2008

85 – fascinating – never knew that. I guess one should actually read the info blurbs at the museums. I never got that.

90. Intermittent Bystander - 25 September 2008

89 – News to me tonight, too! Dunno if/how Belle was featured in blurbs!

91. marisacat - 25 September 2008

Yewknitty

[B]ut shortly after 10 p.m., Rep. Barney Frank, D-Mass., the lead House Democrat on the issue who had been in close talks with Paulson for days, accused Republicans of refusing to negotiate.

“At this point, we have absolutely no participation or cooperation from House Republicans,” Frank said.

The next step was not clear late Thursday night. One thing seems certain: Lawmakers won’t recess for the year on Friday, as originally planned. Instead, if they can’t reach a deal in the next 24 hours, they’re likely to work through the weekend.
The page many thought they were on

Leading Democrats said they were presented for the first time with the House Republican principles at the White House meeting.

Senate Banking Committee Chairman Christopher Dodd, D-Conn., said the White House meeting was thrown off course when participants were blindsided by a new “core agreement” that emerged in the meeting that not many had seen before. //snip//

92. raincat100 - 25 September 2008

wrt WAMU…it was increasingly apparent over the last couple of months. vacant desks, and in the last few weeks, jittery tellers. it was not a pretty sight last week (on my last visit). Manager-types trying to sell stuff on the phone while customers were closing accounts. I feel bad for the teller-types.

93. Intermittent Bystander - 25 September 2008

Corps Agreement?

94. Madman in the Marketplace - 25 September 2008

I find it amazing that the donks can’t see that they’re being set up as the corporate welfare party.

95. Intermittent Bystander - 25 September 2008

94 – Actual donkeys are sooooo much smarter than this.

96. Madman in the Marketplace - 25 September 2008

Senator Robert Bennett: There’s no time to do this “right,” just give Wall Street the money

“I’ve spent the last few weeks talking to [Wall Street traders], and they want this money so badly—it’s an obsession,” Adam Davidson said last night during an NPR report. “Obviously it would be, it’s an awful lot of money…This particular solution, Wall Street loves it, economists hate it.”

Wall Street loves it, and so does its friends on Capitol Hill. Senator Robert Bennett was on after Davidson and predicted “very serious economic consequences” unless Congress approved the $700 billion forthwith. How serious? Bennett suggested that the Dow would fall by twenty to thirty percent by Monday if the bailout were not passed by then, adding: “If we say, no, we want to take the time to do this right, we want to put this provision in, and that provision in, and let’s debate it for another week, and thus send the signal that we’re not serious, I think the markets are going to fall off the cliff.”

97. CSTAR - 25 September 2008

Drama

pleas from a Treasury secretary who knelt before the House speaker and appealed for her support.”

I’m such a romantic.. I’d like to think that the Treasury Secretary got down on his knees and said

Madame speaker let’s run off to the Caribbean somewhere and leave all this mess behind us

98. raincat100 - 25 September 2008

97. Now, I have to take a shower. That was icky.

99. marisacat - 25 September 2008

knew post…

LINK

……………….. 8) …………………….

100. bayprairie - 25 September 2008

I find it amazing that the donks can’t see that they’re being set up as the corporate welfare party.

and thats with complaints about the bailout coming in over the wires into their offices reported to be anywhere from 100 to 1 to 500 to 1 against. what’s it take with these donks? מנא ,מנא, תקל, ופרסין?


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