- Obama's Overseas Success: What's His Secret?
- Pundits And Writers Start Hitting McCain For Non-Stop P.O.W. References
- Prickly McCain Refuses To Define "Honor" In Interview
- James Carville Hasn't Changed; He Was A Spy for Bush in 2004
- The Almost-Done Deal, and the Era of Angry Populism
- Mystery Deepens Around McCain Bundler
- Choice Of Biden Signals Vigorous Debate With GOP On Foreign Policy, But There Are Risks
- Maybe He's on Retainer?
- Cheney Winning the Inside Battles Again
- Rove On Hurricanes In August: "The Republicans Can't Seem To Get A Break"
AE Ramey
- : Cotter, AR
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Thanks for the interesting diary. I don't doubt the anxiety attack for a minute, but Paulson was part of engineering the crisis:
Decisions made at a brief meeting on April 28, 2004, explain why the problems could spin out of control. ....
On that bright spring afternoon, the five members of the Securities and Exchange Commission met in a basement hearing room to consider an urgent plea by the big investment banks.
They wanted an exemption for their brokerage units from an old regulation that limited the amount of debt they could take on. The exemption would unshackle billions of dollars held in reserve as a cushion against losses on their investments. Those funds could then flow up to the parent company, enabling it to invest in the fast-growing but opaque world of mortgage-backed securities; credit derivatives, a form of insurance for bond holders; and other exotic instruments.
The five investment banks led the charge, including Goldman Sachs, which was headed by Henry M. Paulson Jr. Two years later, he left to become Treasury secretary.
Posted at October 3, 2008 7:59 PM in response to The Paulson Plan and the Psychology of Fear
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"our fight for social justice must also be global."
If any good comes out of globalization it will be a move toward global social justice. For the first time, we can stand in solidarity via the Internet. Not today or next week, I'm sure, but at least the possibility exists.
Posted at October 3, 2008 7:53 PM in response to THE ECONOMIC CRISIS OVER THE OCEAN
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Just because we're "on the hook" doesn't mean we have to let them reel us in. We either let their Ponzi scheme fail or let it succeed on the backs of our grandchildren.
Our Treasury is the last insurance they can scam. THEY should pay for their crimes, not have them propped up!
(UNLESS there are no WMD there.)
Posted at September 24, 2008 12:38 PM in response to Paulson on Responsibility
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Surprise!
Big Oil is going to cover all its bases in the only way they know how.
Take their windfall profits, Obama, and let them give to your campaign, too!
Why not?
Posted at August 8, 2008 12:02 AM in response to Republicans Hit Obama Over Oil Contributions
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The way I understand Clinton's Iraq policy is that she supported the illegal, immoral invasion until her candidacy took off. I shan't forget her vote on Kyl-Lieberman either. Whatever she mealy-mouths around now, the evidence is clear.
Posted at January 30, 2008 7:33 AM in response to Edwards Dropping Out Discussion
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The rest of that quote should come as no surprise: "That is in no one’s interest who cares about humanity and decency." Unfortunately, this administration cares about neither.
Posted at January 11, 2008 8:27 AM in response to Islamofascist Nonsense
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Rummy signed the neocons's statement of principles, so I consider him an ideologue, but he may be mad as well.
http://www.newamericancentury.org/statementofprinciples.htm
Posted at May 3, 2007 12:47 PM in response to The Fish Dies by its Mouth and So Does George Tenet
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No lettuce here either, Ellen. IMHO, "what we should be asking for" has to do with civic values, not personal values. Perhaps we could all agree that we share the values of the founders: common defense, general welfare, and liberty. The Republican party, as consitituted by the religious right and the neocons, obviously shares none of those values.
Those civic values could be the basis for organizing people around the specific issues that affect both the people involved and the civic values. They could support our personal liberties by separating church and state; returning the general welfare to primacy over corporate influence; and ending the militarization that is costing us our ability to defend ourselves.
Simplistic, perhaps, but I believe those values appeal to a broad cross-section of Americans, especially now that more people are seeing what we've lost.
Posted at March 30, 2007 10:19 AM in response to Staying Connected to Our Moral Sources
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Their home page has a poll with this question: "Do you think the top media are over-playing Rep. Murtha’s Iraq-withdrawal comments to advance a liberal political agenda?" Voting "No" brought me the results:
93% Yes, 7 percent No.
Gotta consider the source.
I'll rant at MSNBC for a bit.
Posted at November 28, 2005 4:27 PM in response to Brent Bozell, Chicken?
