Shorter Paulson, "700 billion to make sure my Wall Street buddies could pay 70 billion in bonuses was ok. 25 billion to save 3 million jobs, forget it."
Shorter AP Lede: "It’s all Democrats Fault, Republicans in Congress bear no blame at all."
Related posts:
- More Innovation from Wall Street: Securitized Viaticals
- Seance on Wall Street
- Failed Models are a Fixture on Wall Street
- The Downturn is Over for Wall Street, but Main Street’s is Still Going On
- FDL Book Salon Welcomes Barry Ritholtz – Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy





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guillotines!!!
these grotesque greedheads
Gee, Ian… Do you have to be so “wordy”?
Aren’t these people on the way out? Please.
OT – CNN announces Janet Neapolitano as Secretary of Homeland Security. Take that Joe Loserman!
Hey!
scumsUKKERZ
The South Financial Group, South Carolina’s largest bank, announced earlier this week that it had been approved to receive $347 million from the U.S. government. But the bank’s founder and longtime CEO Mack Whittle won’t be sticking around. He retired with an $18 million severance package in late October, two months earlier than had been expected. Because of the timing, he’s free from golden parachute limits (PDF) that come with accepting bailout money.
Excuse the misspelling. Janet Napolitano who currently is Governor of Arizona.
How is she replaced? Lt Gov? Special election?
Digg it!
Since she’s the highest ranking official in the state, it seems like it would HAVE to be a special election.
This is a nice touch.
Big Three auto CEOs flew private jets to ask for taxpayer money
Moderated in 3… 2… 1…
Do you know that the guillotine was a technological development for more humane captial punishment? It is quick and certain vs. hanging that could be slow, painful, or not work at all.
Funny how the GOP got a spine when its Union jobs and not the banks that need money.
Being the fat cat party is not where you want to be if millions of people lose their jobs.
We need a poll who would you blame Dem or GOP if the big three go under?
Heh. Her wiki hasn’t been updated yet.
mmmm, f00d
There is anecdotal evidence of the short end of the recipient retaining awareness for as long as 90 seconds. Still pretty quick but terribly messy.
Per Wiki (and bmaz):
Bmaz commented about this possibility a few days ago. The current Arizona SoS Jan Brewer is a “crazy” Repug to read what bmaz has written, but he says that he’ll accept this because the Legislature will tie her down, and since Arizona is having a lot of fiscal crisis issues, she won’t be able to do much harm.
*gentle reminder*
no fantasy violence please
since Joementum was so disinclined to investigate Bush’s Homeland Security Department as committee chair, maybe we should have the new Homeland Security Secretary investigate the committee chair
The calculus becomes untenable when WashingtonDC claims to be Imperial Capital,Sole Global Super Military Power and arbiter/referee of West,South and Central Asia. These all require an economy that is something more than a capitalist/corporatist third worldish backwater.
I read today that China(yes-Red China)may seriously be in contention to pick up GM/Chrysler remnants and jump to the head of line in global car biz.
Good for China. Maybe good for American workers thrown out of work by the idiot courtesans that infest Imperial WashingtonDC.
It would seem the virus that brought Americans Iraq Debacle is spreading.
*in an innocent look*
No dreams of food?
Her wiki does not indicate a husband. Is she gay?
http://www.youtube.com/watch?v=AIFTNmOOLmk
Lieberman will make Napoilitano’s life a living hell and there’s nothing anyone can do about it.
The last days of capitalism? Whose brushing up on their Marx?
Her orientation is purportedly a “matter of dispute.”
can’t the actual Democrats on the committee keep him in check?
Bmaz has been incredibly supportive of having Janet Napolitano in the Obama Cabinet.
Based on bmaz’s previous commentary about Janet, Joe Loserman would be best advised to walk softly and carry no stick.
Janet introducing Barack Obama in Florida in September (YouTube)
hell no – they are the forkers who voted to give joe whatever joe wants
Define “Actual Democrat”.
http://usliberals.about.com/od…..litano.htm
The French retired their guillotine many years ago. Surely in a museum somehwere. Wonder if they would give the U.S. another gift that has a more practical function in administering long overdue justice. The crash is looking like it’s just around the corner and around the next corner is a revolution.
Her wiki is now updated. That was quick.
She was Anita Hill’s attorney, so her nomination is bound to irritate Clarence Thomas… Good.
lol
Yes, I meant to mention that she was Anita Hill’s lawyer. I don’t know anything about Napolitano, but already I love her.
Chrysler is run by Cerberus a hedge fund Dan Quayle *cough* works for them/wingnut welfare.
They buy businesses in bankruptcy and try and turn them around. No cash for the car companies Chrysler goes under and millions lose their jobs,
Cerberus invested in bankrupt companies should be really hurt. They would have to sell in a distressed market.
The dominos would fall quick after that. The banks the GOP wants to protect would fail as thousands of credit card holders lose jobs and max them out to try and get by. Homes and stocks would drop lower.
Bush is really trying hard to beat Hoover as worse President ever.
F
http://en.wikipedia.org/wiki/C…..Management
i posted these at the end of a previous thread but they are on topic here. a couple of youtube clips from today’s house financial services committee hearing – jeff sachs on the last panel:
http://www.youtube.com/watch?v=UG-tGV41KFc
http://www.youtube.com/watch?v=h2O3GZeSJ4U
note these were ripped from the committee webfeed, so the quality is not great. but this hearing wasn’t covered by cspan, so it’s the best we have.
Hanky and Benny in September threatened Congress with “Economic Meltdown” without $700 billion immediately. They needed to buy the Toxic Assets of investment bankers or else there would be martial law well and massive unemplyment. But the bonuses for the peddlers of junk Credit Defaut Swaps were necessary.
But six weeks before the election, is not the same as after the election Now it is November and Hanky just wants to give money to those brilliant bankers. He wants money and bonuses especially for the newly created bankers such as Goldman Sachs.
Times change but Paulson’s greed only increases. In July this lying rat said
Someone recently did a survey of what monument best defines the U.S. The winner, iirc, was the Statue of Liberty. The reporter was in a bit of a huff, complaining it wasn’t made here.
/me had wrong person in mind, goes back to lurking
What?! Hey!
Thanks. I’ll look at it in the morning. Too late for me now.
Is that the assumption? O my.
argh. i did it again. the hearing was Stabilizing the Financial Condition of the American Automobile Industry.
There’s no going back once you’ve de-lurked. *g*
Read on. 28 & 34.
I’m so glad about Janet. She apparently is a great governor. Good for Obama.
lol, by then you will have the entire hearing downloaded.
Bush’s legacy he cared more about protecting banks imaginary ponzai scheme profits than in protecting real people’s jobs. Because the unions costed to much as CEO’s fly in on private jets to beg for money.
I bet the bank CEO’s are still flying their jets.
lulz, *bites tongue* for one hundreds days.
I wasn’t downloading it. I just had it playing on another screen. Finally closed it off.
100 d
100 daze till i wake up.
Sorry tw3K I clicked to respond to you by mistake.
ah. well, no new info for you anyway. just thought i should try to make some of it accessible. irks me that congress doesn’t do it.
np ;)
*silent scream*
Have we heard from ET since Toobz lost?
For those interested in reading more about what bmaz wrote about Janet Napolitano, Why Janet Napolitano Is Right For Attorney General
She’s not gonna be AG (for now), but bmaz was always supportive of Janet heading DHS as a good second option.
one claiming with good cause to being a Democrat. Excludes Joe Lieberman.
If the French offered another, Lady Liberty would be on bended knees with her head buried in her hands and tears running down her cheeks. The torch of course would be lying on the ground, extinguised.
As far as I can tell capitalism has been sort of going through another period of accumulation. Smaller companies are being absorbed by the very entities that were so out of control in the 1870s.
I’m always reading through Capital and the Grundrisse just to see how relevant Marx still is.
I’m on volume three of Gibbon’s Decline and Fall of the Roman Empire and have Orlov’s Reinventing Collapse for when I’m finished.
Obama may look different and I’ll admit I was pleasantly surprised by the outcome of the election, but let’s remember Baba O’Riley, shall we?
59 (give or take) to go?
;~P
from ian’s link:
/me won’t be happy till DHS is history.
Letterman had Katie Couric on tonight about her interview of Palin.
That sounds promising. /s
If Napolitano is replaced by the SecState, who replaces that person?
I know that katymine and perhaps other Arizona Democrats will be sorry to lose her. katymine wanted her to run against McInsane in (2010?2012?) Perhaps she still could…
OT Coleman lead over Franken goes from 215 to 174 in recount after first day, according to the Strib.
no, I’ll be dining in, thanks
Marx is more relavent than Milton Friedman.
It was stupidly cobbled together in the first place after 9/11 (unfortunately mostly by terrified Democratic Congresscritters) and deserves radical surgery, but whether it happens anytime soon is something I wouldn’t hold my breath on.
*silent scream* for every tool that sez ‘war on terror.’
If the U.S. auto industry collapses the rest of the economy will not be too far behind. The domino theory finally makes sense. In that case Obama may be the U.S. equivalent of Russia’s Kerensky.
Where is Obama’s support for the UAW Members who helped elect him? Is Obama going to let the big three and their Union workers go down in flames? Is Obama going to let the ineffectual milquetoast Harry Reid f**k this up?
Hey!!
Based on that Wiki entry, the Arizona SoS can in fact be appointed (I’m assuming by the Governor).
Don’t know what happens in this circumstance when the SoS ascends to the Governor position. Maybe some of our Arizona residents like bmaz or FormerFed can jump in with the facts.
And bmaz says over at EW’s cove, that he’s gonna have a post about Janet in a bit.
Ian, thanks fer pointing out the inevitable and unrelenting bias of the Associated Assholes of the Whiny Bichez Formerly Known as the Associated Press.
I think I just blew a gasket.
Twelve . Dollars. Please.,
Twelve. Dollars. Please..
If you would like to
make a call, use our stuff, Twelve. Dollars. Please.Oh, Dana. Can we think of someone who has more vacation time than Congress. Hint, it is the same person who has no responsibility for anything.
hasn’t Obama already called for help for Detroit even before he becomes president?
roubini was on bloomberg today saying deflation trap and that congress should pass a $400 billion stimulus today.
why doesn’t he just resign, and let Cheney be responsible for letting the auto industry fail?
Great news, MadDog! Lieberman is now pouting.
then what do you call that face he’s been making ever since, oh, 2000?
It’ll be a Pig Missile Crisis of epic proportions. Dana, this is no time for the blame game.
UGLY !
he hasn’t personally screwed up enough yet to satisfy his craven self…although he’s getting close with the endangered species act. Maybe Barney will rebel and bit his frackin’ signing hand.
that’s what sachs was telling congress today – that if the usa auto industry was allowed to fail we were looking at a depression. (not saying anyone should believe it just cuz sachs says it – but i put up the clips because they give an idea of what congress was hearing today)
Obama needs to twist some arms here. Reid wants to go home. Reid whines, “Paulson doesn’t want to give up any of the 700 billion”.
none of them should be going on vacation – they should be concentrating on preventing an economic disaster.
Paulson stole the peoples money “fair and square” and by god it belongs to him and his rich friends. Fuck the workers!
Reid whines, “Mommy, Paulson won’t share any of his candy!”
mmmmm….. could it be that Barack is going to let Janet manage Joe?
Actually the Republicans were still in charge of the Congress at the time DHS was ‘cobbled together’ and given how wonderful they were about consulting with Dems before doing anything, I doubt if any Dems other than Short Ride had much say in how it was put together.
Congress passes a dumbshit bailout with no serious consideration and it comes back to bite them. Inexplicable.
Stop making sense.
The Wingers , Neocons and Corporatists smell blood, they will pull every dirty trick in their book, going back over a hundred years, to kill any Union they can.
As long as the Top Brass gets a bonus while the company burns to the ground, they are happy, fuck the peons.
You mark my words, if the Automotive manufacturing segment of our country goes down it will set Labor back AT LEAST a hundred years.
I tell ya, they smell organized labor’s blood.
What do we have to do to accomplish a spinal transplant in congressional Des? They just won a landslide victory in the elections and already have majorities in both houses. Why do they insist on lying down and rolling over for the Rethugs?
perfect
ModNote: frustrations being high, please do not degenerate into advocacy of violence to achieve political or other ends.
Thanks. Carry on.
Can you imagine her saying that when the August 2001 PDB said an attack in America was imminent? Who is responsible for the front-line work: Congress or the Executive branch? I always thought it was the President.
Reid says TARP gives the prez authority to help. Ball’s in Bush’s court.
I did not advocate violence in any way, any more than referencing the French Revolution advocates The Terror.