btw, i first heard kanjorski talk about the money market run in a hearing last fall just a few days later – on sept 24 2008 – when paulson was testifying. there is more on what i found, including a link to a youtube i made from the hearing webstream, at the link i posted in comment 104.

i’ve been curious ever since to know more. but at this time i don’t know how to independently verify anything kanjorski said, let alone get more and better info. and i definitely agree – would love to see an open investigation, so the public could know exactly what the heck happened. especially as that money market run was given as the reason paulson demanded the $700 billion blank check bailout (aka the tarp) and i’ve never heard any good reason to explain that (backing the commercial paper the money markets were into i do kinda get).

http://norris.blogs.nytimes.co…..o-quality/

Was the electronic run on the banks already underway? Could be, Selise. It needs to be investigated, but as usual, nothing of value or importance ever gets investigated!

‘ Think of America at this point as a muscular teenager, full of talent, adolescent energy, and youth’s over-reaching impulses. This is a critical stage in human development and for our nation it could go either way. Some nations that acted like willful children when they were young formed balanced societies when they became adults. Other nations have never really grown up. ‘/i

Sounds like America needs a Mom.

And not a MILF, either.

Happy Muddahs Day to alla youse!
.

Places like FDL, DailyKos, nakedcapitalist, digby, counterpunch, Brad Delong’s blog; these are where people get dissenting views or at least enough facts to make informed decisions on their own without having to listen to the echo chamber. I’ve even given up watching Olbermann and Maddow and Stewart. I’m tired of hearing people say how important it is for us to do certain things to get our country back knowing that those things aren’t going to be done because a.)the country won’t be returned without a serious fight and b.) the people needed to fight that battle have continually voted against their class interests in favor of people like Bush, Reagan, Nixon, and, yes, Clinton.

If you go and read The Civil War in France or The Class Struggles in Paris (both of which are available online at http://www.marxists.org) you’ll be surprised at how closely what we are going through now mirrors what the French and other Europeans were going through during the era of revolutions in Europe during the 19th century.

Jane’s been excellent on uncovering this.

I believe that where ever power concentrates, it breeds injustice and avarice.

probably true.

we can fight for distributed power, but where ever power becomes concentrated there will those who fight against that.

At this point I would gladly settle for professionals who had respect for the rule of law. We don’t even have that.

I believe that where ever power concentrates, it breeds injustice and avarice. All we can do imho is keep fighting for divided government aka the separation of powers.