money

Karl Rove caught subpoena'd on camera: Not news, film not at 11, why not?!

The sorry-ass state of shareholder value-captured media, just perhaps!?

From yesterday's OpEdNews

Imagine the look of contempt on Karl Rove's face this past Sunday as he swaggered toward his star turn on CBS's Face the Nation only to be served with our subpoena sanctioned by the Secretary of the State of Ohio.
The federal subpoena orders Rove to testify in deposition. Our attorney, Cliff Arnebeck, intends to ask Mr. Rove about his role in the theft if the 2004 election, and to discuss his orchestration of tens of millions of corporate/billionaire dollars in the one coming up on November 2, 2010.

Open Thread - On the Money

A couple of videos introducing the newest bill design soon to be filling your wallets. First, a look at the new one hundred dollar bill and some of its features and below the fold a look at the less newish five dollar bill that non-banker types like myself are more likely to already be handling a little more often.

Republicans tried to stop healthcare saying Americans will make MORE money

Mother Jones has a long post on this but I am going to keep my point short. This was a last ditch effort using an appeal to the parliamentarian on the basis of an obscure link to Social Security. The GOP claimed that because Americans were going to make more money they would be paying more to Social Security... But this is the only real takeaway from their own argument:

Republicans tried to stop you from making more money.

How else do you read this:

Triumph of the Money Party

Triumph of the Money Party

Image cc

Health Care Reform DOA. Why the Surprise?

They Did what they Always Do

Michael Collins

The Money Party is a small group of enterprises and individuals who have most of the money in this country. They use that money to make more money. Controlling who gets elected to public office is the key to more money for them and less for us September 30, 2007

Dr. Howard Dean, MD, just said pull the plug on the current health care reform effort. The cure is worse than the disease according to the good doctor.

Why the surprise?

Last week the president announced that he's sending 30,000 troops to
Afghanistan without a declaration of war by Congress and without
Afghanistan posing a direct threat to the United States violating both
the United States Constitution and international law at the same time.

The bailed out Wall Street failures are paying back just enough of
their loans to the Treasury Department to allow a new round of huge bonuses.
At the same time, they continue to get tons of cash through the Federal
Reserve. Pay back a few billion, get seven trillion dollars  in credit.
Not a bad deal.

Of Course AHIP is Funding the Attack on Health Reform

Once again, in what I shrilly take to be his care to not be perceived as too shrill or too, you know, progressive, Ezra Klein tries to make the argument that the Republican Party and the conservative movement are out in front and out of control in their attacking health reform, in ways that are not supported or funded by big business in general and AHIP in particular.


That is both silly and wrong, and as evidence listen to the dog that is not barking.


Political Economy: Solutions and Purpose

This is intended to situate my commentary yesterday within a broader context. It isn’t much use to assert that GDP numbers, whether nominal or constant, are of no use to policy makers because the numbers, both over time, and by drilling down through the layers of synchronous activity, do not reflect comparables. When buying apples, no one makes the comparison to oranges, cabbages, or fish. It is still good to know that there's a problem there that ought to be borne in mind.

 

Time Magazine: The Truth About The Bail Out

Forbes, just yesterday, let the truth slip out about how the bail out would artificially keep your cost of living higher. Today, Time Magazine tells you to your face the facts about a bail out:

Let Risk-Taking Financial Institutions Fail
By Ari J. Officer and Lawrence H. Officer

Follow the money. Average Joes and Janes are not the holders of the other side of complicated, over-the-counter derivatives contracts. Rather, hedge funds are the main holders. The bailout will involve a transfer of wealth — from the American people to financial institutions engaging in reckless speculation — that will be the greatest in history.

Rescuing financial institutions is not the best solution.

Information and facts are the only things that will protect you from any attempts by the government to take your money and hand it over to the support the lavish lifestyles of these corrupt, reckless and foolish bankers.

Bailing Out the Oil and Energy Markets

I know you just got whiplash saying "WTF???" when you read that title BUT...

You do realize we are talking about bailing out the OIL and ENERGY MARKETS too?

Did they mention the hand outs to these criminal bankers would have you paying for it at the pump? Or for the food you eat? Your electric bill? Oh... They didn't mention that part to you, did they?

As the Fed prints more money from their magical money tree and bails out these banks there is a legitimate concern with people's investment portfolios... BUT there is a huge flip side to this Bush league manufactured crisis that comes in higher prices for real things you need everyday (not scraps of paper with zero value designed to make bankers rich on commissions) coupled with a devalued dollar.

Countrywide legal troubles growing exponentially

Legal problem after legal problem getting piled higher and deeper for Countrywide in the last couple of weeks...

Countrywide Chairman and CEO Angelo Mozilo might just be in some very big trouble:

SEC Begins Formal Probe Of Countrywide
The Securities and Exchange Commission escalated its scrutiny of Countrywide Financial Corp. into a formal investigation, according to a regulatory filing by Bank of America Corp.

The document didn't specify what aspect of the lender the SEC's probe is focused on, although regulators launched an informal inquiry into Countrywide Chairman and CEO Angelo Mozilo's stock trades last fall.

Representatives for Charlotte, N.C.-based Bank of America and Countrywide declined to comment beyond the filing Friday.

Please note the privacy issue story at the end of this because Countrywide's legal troubles just keep getting piled higher and deeper:

Of Lawyers, Guns and Money: GOP DOJ Guts Justice for All [REPOST from 2007]

Originally posted on the old Scoop site on Tue Mar 13, 2007 at 07:06:45 AM EST. No information within is changed or updated -- there is a section specifically related to the GAO "Report Retort" that rba mentions. I thought it was worth pulling this back up to remind folks of what we were seeing even before the GAO report came out.

1978 -- that was the year that President Jimmy Carter accomplished one of the major achievements of his presidency: the Camp David Accords. Interestingly enough, the final week of the historic talks began on September 11th. The accords brought a degree of peace to the Middle East, unlike the events of that same fateful day twenty-three years later.

1978 also brought about the release of Warren Zevon's album "Excitable Boy," which contained the track "Lawyers, Guns and Money."

Back then, nobody could've anticipated the dark shadows gathering ahead for the nation in the form of an ever-corruptible GOP and a DOJ run amok.  Now, I can almost hear George W. Bush calling out to his father...

Send lawyers, guns and money
Dad, get me out of this