Last Friday at the Alaska GOP’s Lincoln Day Dinner, The ‘Cuda explained why McCain/Palin and the GOP got their asses handed to them last November.
|By: Blue Texan Thursday March 26, 2009 10:30 am|
|By: Jane Hamsher Thursday March 26, 2009 9:35 am|
Today Joe Donnelly (D-IN) asked Timothy Geithner a simple question — why can’t they ban naked credit default swaps?
DONNELLY: We saw naked credit defaut swaps cause extraordinary devastation to our economy and I know regulation is coming. do these naked credit default swaps provide any value added, or is this simply just gambling?
|By: masaccio Thursday March 26, 2009 8:39 am|
Remember when AIG told us if it didn’t pay the bonuses, and top people left Banque AIG, we might be on the hook to collateralize $234bn in credit default swaps? Guess who’s quitting on the same day whiny Jake DeSantis got published in the New York Times.
|By: emptywheel Thursday March 26, 2009 7:43 am|
If I understand the rules Barney Frank laid down on Tuesday, the members who waited patiently but never got a chance to ask questions on Tuesday (people like Alan Grayson) get to go first.
You can follow along at CSPAN3 or the committee stream.
Here is Geithner’s statement.
|By: Jane Hamsher Thursday March 26, 2009 7:07 am|
(I’ll be on the Nancy Skinner show today at 4pm ET — jh)
As Yves Smith and other predicted, BofA and Citigroup have already begun gaming Tim Geithner’s private-public partnership plan (PPiP). Remember our old pal Stanford Kurland, who milked Countrywide for $200 million, and is now financed by Blackrock to buy up toxic mortgages at thirty cents on the dollar? The New York Post says companies like his are being outbid — by BofA and Citigroup.
Now remember, TARP money was supposed
|By: Christy Hardin Smith Thursday March 26, 2009 6:00 am|
Huge kudos for Sen. Byron Dorgan. Because he has more than earned them with this interview with Rachel Maddow: “There’s a culture, and the culture is that ‘Wall Street knows best.’ You know, there were only eight of us in the United States Senate that voted no. This was a huge deal to repeal the protections that were put in place after the Great Depression — a huge deal. Eight of us voted no.”
|By: Blue Texan Thursday March 26, 2009 4:45 am|