Memo from the NY Times to the Financial Crisis Inquiry Commission: Public hearings are good, but subpoenaing documents is better. Yup. Banksters committed fraud on a massive scale. This commission isn’t a law-enforcement agency, but what it finds can help Justice and SEC investigators do their jobs. In fact, it may force them to do their jobs, which a mere sense of duty has not, so far, sufficed to do.
More from the FCIC: The head securities regulator for the state of Texas testifies about how the feds have kneecapped state investigators/investigations, not because they would do a better job but to protect the very people they’re supposed to be regulating. Biggest. Fraud. In. History.
Memo to right-wing nuts (and anyone else, although I suspect only the wingnuts would be stupid enough to try this): Do not invite journalists into your home, sit for an interview and then demand their tapes at gunpoint, because your ass will go to prison and your wallet will go to the journalists. Having once covered the Klan, I’m taking particular satisfaction in the outcome of this case.
The Fed elides oversight and political meddling because it thinks you and I are too stupid to know the difference. Stupid Fed.
Darrell Issa wants Ben Bernanke and Hank Paulson to testify about the AIG bailout. So do I, but Issa has a little more leverage than I do. Uh, Democrats, that slamming sound you hear is Issa walking out the back door with your populist mandate for 2010.
More fraud uncovered: This time, short-sale fraud. And wonder of wonders, it’s CNBC that has uncovered it. Memo to Mary Schapiro: When CNBC looks both more honest and more industrious than the SEC, then you are officially Teh Suck.
For once, J.P. Morgan outperforms Goldman Sachs … if, by “outperform,” you mean, “directs an even more inexcusably large percentage of its total revenues to banker bonuses” — 64 percent of revenues. Not of profits, of revenues. Remember, Morgan, like the other 37 banks reviewed by the WSJ, has significant amounts of crap disguised as assets on its balance sheets, and even more crap off the sheets that soon will have to be moved onto the sheets. And are the banks setting aside capital to cover the inevitable write-downs? No, they’re buying helicopters and Hamptons houses.
If voters could vote on Obama’s financial appointments they way they can vote on Chris Dodd, Obama would be paging a lot of empty offices. For good reason.
Who killed Pat Robertson? Why, it was Lily Coyle, in the Minneapolis Star-Tribune (2nd letter down), with a clue.
Freedom’s just another word for no one left to screw: Retiring Sen. Chris Dodd could be scrapping the proposed Consumer Financial Protection Agency before he goes.
Well, it’s a step: The U.S. releases the names of 645 detainees at Bagram. Good. But some of those people have been held for years without even being told why. Not good.
PhrMA theatens to blow up health-care reform. A friend of mine has proposed that any attempt to make a profit off health care should be made a crime. I think that’s extreme, but when stuff like this happens, I understand the anger that gives rise to such suggestions.
Dawn Johnsen might say torture is illegal. Therefore, she cannot possibly be allowed to run Justice’s Office of Legal Counsel, or else the terrorists win.
Memo to special prosecutor John Durham: In the marathon investigation of the destruction of CIA torture videos, the DFHs are eating your lunch. Bet they aren’t charging the government as much as you, too.
All of a sudden, “conservatives” are in favor of privacy. And it’s interesting how the kind of privacy they favor dovetails neatly with protecting them from being held accountable for their actions. Just a coincidence, I’m sure.
If you’re following Perez v. Schwarzenegger and it sounds awfully like Dover v. Kitzmiller, well, there’s a reason for that: In both cases, science is/was under siege. Science won in Dover. Let’s see what happens in Perez.
Republicans, having fed off the productive among us for so long, are now simply outraged that one of their own is doing it to them. More specifically, their cynical selection of Michael Steele as national chairman to try to appeal to African American voters now means that even though he needs firing and is daring them to fire him, they can’t do it.
Why does Rush Limbaugh hate the troops? And why do the troops continue to air him on Armed Forces Radio when he hates them?
More map pr0n! Geocurrents has created a map blog tied to news events.
Thought for the day: Requiring drug tests for welfare recipients makes sense only if we also drug-test recipients of federal earthquake relief, tax credits and bank bailouts. Despite what you may have been told, your odds of getting into Heaven do NOT increase in direct proportion to the number of times you kick poor people.
“Never (annoy) a walrus.” Because if you do, the bucket is the least of your problems.