Hey can anyone help me out. I went to send an e card and it seems most of the sites want you to pay now! I do not want to pay. Can anyone tell me a great site that is free, still?
NEW YORK - Bernard Madoff's longtime accountant was arrested on fraud charges Wednesday, accused of aiding the man who has admitted cheating thousands of investors out of billions of dollars in the past two decades.
The charges against David Friehling, 49, come as federal authorities turn their attention to those who they believe helped Madoff fool 4,800 investors into thinking that their longtime investments were growing comfortably each year. Friehling is the first person to be arrested since the Madoff scandal broke three months ago.
Friehling ran an accounting office in a nondescript suburban building north of New York City, and quickly drew scrutiny. Experts in accounting said it would be preposterous for such a tiny firm to audit properly an operation the size of Madoff's.
He had served as Madoff's auditor from 1991 through 2008 while he worked at the sole practitioner at Friehling & Horowitz. He was paid a tidy sum by Madoff: Prosecutors said he made between $12,000 and $14,500 a month from 2004 to 2007, or $144,000 to $174,000 a year.
Friehling faces up to 105 years in prison if he is convicted. He is charged with securities fraud, aiding and abetting investment adviser fraud and four counts of filing false audit reports with the U.S. Securities and Exchange Commission.
Myth
You know the saying that says "What don't kill you will make you stronger", Now black people have been thru a lot, endured a lot, survived a lot and have become stonger people as a result of it. But JEWS survived the holocaust and it was as painful as slavery. They came out of their pain scarred BUT wealthy. Everybody that lost money will ensure that any and everybody that had anything to do with this scam is going down. Then they will figure out a way for the government to pay them back too. The sons, the wife, grandchildren, godchildren, maybe even the gardner if he made an extra dime, will get swept away in this. Sadly, the accoutant did even make much money off of this deal. They will offer him a deal to tell on the others.
Dare to talk about the Whites'-only gigs on Meet the Press, This Week, Face the Nation and the host of other news-related shows on MSNBC and CNN, and the topic quickly (but mercifully) pivots to Sitcoms and sports anchor jobs.
I'd like to see a prominent and universally-respected Black person publicly denounce (and reject) this issue.
I enjoyed this article. The landscape for TV in general is very bland and boring with a few exceptions. I'd bet many of us on here are uninterested in sitcoms unless the shows challenge our ways of thinking. I'm interested in programming that forces me to "think critically."
Shows like Boondocks, Bill Maher, and even LOST require concentration and deliberation. The Hughley Show was empty. I never watched Chocolate News, but I suspect it was also guilty of emptiness too. If a show is to succeed, it must be weighty.
Miranda
I think that's why I loved the sitcoms like Fraiser and Seinfeld - they're silly, but the satire is great.
lamh32
Okay,
Question: I know some peopole want Geithner to go, but who will replace him? How soon can a replace be found if he's let go? I'm assuming that it will take some time to replace the Secretary of the Treasury, right? So until they replace him, who would be running the Treasury??? Would Geithner stay and continue running Treasury until a replacemnt is found? How can you reassure the American people (who we know have ADD when it comes to politics) that the economy is gonna be in good hands, when he doesn't have a Treasure Secretary?
Question: How would it look if 50 days into the Obama presidency, that the Treasury Sec had to be replaced? Wouldn't Obama look more weakened? Wouldn't it be better to keep Geithner, but change policy rather than change personnel?
Question: I know people were talking about the cosmetics of politics, but just because someone is a smooth operator in TV doesn't mean that they will do right away from the TV right? Is that the REAL problem with Geithner? I hear alot of people talking about how he looks like a kid, or he looks uncomfortable, or whatever? If Geithner like Reagan was better at the asethic aspect of politics (I say Reagan, because he was a sliver-tongued, TV personality, who from what I see, did some really "interesting" things that people let go of because he was so visibly smooth) would there be as many people calling for his head?
RobM
CPL worked for FED in DC in EEO. She left because she couldn't place anyone. I think she would be the one to ask now.
lamh32
Saw this comment on Greg Sargent's blog over at Wash Post, it articulates my feeling better than I could:
"sgwhiteinfla | March 18th, 2009 at 08:44 am I personally feel like the criticism of Geitner is overheated. For all of the complaints I haven’t exactly seen anybody come up with a different/better plan to handle the financial crisis. Having said that I believe that he has handled the executive compensation question very poorly. The truth is its all kabuki theater. The money paid out in bonuses is a drop in the bucket when you are talking about the truck loads of money delivered to bail out AIG. But the optics are bad and just like with earmarks the media is prone to blowing this up to crisis proportions. Still more and more banks are saying that they are back to being profitable now so evidently SOMETHING is working. I don’t really care if Geitner is a great speaker, I just want him to get the financial sector stabilized. Honestly I don’t remember ever even seeing Hank Paulson before last fall and if the banks get stabilized I am pretty sure we won’t see much more of Geitner either. However maybe for now they should just keep putting Summers out for speaking purposes and let Geitner work behind the scenes. The media has made a caricature out of him at this point without any real reason for doing so. I saw him testifying before Congress and I thought he did a good job and knew what the hell he was talking about but President Obama will lose if they allow the media to continue making everything about Geitner. Nobody even noticed that the Dow went up like 100 pts yesterday. This after weeks of saying the market was falling because nobody had confidence in Geitner. They are going to keep tailoring stories to make every problem Geitner’s problem and every success will go underreported. Thats the way the world is now and the White House better recognize that and soon."
cosigning on that post. excellent comment and reflects my perception of Geitner.
Myth
Liddy has to be the scapegoat. He was appointed by the ShrubAdministration in Sep 2008 so he is the person accountable to the federal government. He is the fox guarding the fatcat AIG henhouse.
Conserv1
Problem is Obama already pardoned Liddy when he reminded the public that the bonuses were put in place before he came on board.
Obama is going to have to tell the public the sad truth, that the Bush administration, the Democrat controlled Congress and his administration had to commit to this course of action to solve the crisis.
There has been a failure of OVERSIGHT. The government continued pay outs to AIG after Obama took office.
Further, Congress expressly exempted these bonuses from restrictions in the stimulus bill, which Dems wrote and passed, and he signed it into law.
Perhaps we should have read the bill more carefully?
Funny how Obama and Congress can justify earmarks but not this.
BTW, Obama, not Geithner, is the one who has been compared to Reagan. This is Obama's mess to untangle.
Admiral_Komack
Mxyzptlk
RonnieB
I like it.
Myth
Does anyone know who the AA female is on the AIG panel at the House hearing this morning? Whew! Ok-- She's with the GAO - Financial & Community Investment Director
Miranda
Geez...I could have told them the people who were getting the big bonuses didn't give a rat's azz about ethics or appearances to the taxpayers....they don't give a DAYUM bout nothing but the Porsche they bout to go pick up:
AIG staff: We deserve this money
AIG’s new management team last year proposed that its employees give up their “retention” bonuses, or at least reduce them. The response from the 370 or so employees set to rake in $450 million in bonuses through 2010? Take a hike. “We suggested that early on, but there are people who feel this money was due them,” a source close to the company told The Hill. It apparently didn’t matter that taxpayers have provided $170 billion and counting to bail out AIG. “Quants,” the people who put together the computer-programmed algorithms behind the complicated hedges and trades that brought down the company, pushed back hard against any notion they should sacrifice their bonuses, the source said. If that doesn’t warm the hearts of taxpayers and lawmakers alike, maybe this will: Many of those receiving bonuses already have made enough money not to have to work again. Full Story: http://thehill.com/leading-the-news/staff-uh-uh...
Mothsmoke
CITIGROUP HELPS OUT TREASURY BY SENDING OVER AN INEPT ECONOMIST TO HANDLE BIZNESS *SMH*
They need to get academics. Everyone on Wall Street is tainted.
Conserv1
Who do you think educated all these Master's of the Universe on Wall Street...elite academia.
I am reminded of the commerical where the firefighters are running Congress and issues are dealt with and dispatched with conviction and speed.
Are the 'best and the brightest' as defined by an Ivy League education failing us?
Admiral_Komack
Mxyzptlk
Micheline
There were many liberal academic economists who for years been predicting the bear market. Some of them worked in the Clinton administration.
Plantsmantx
Yeah, elite "libertarian" academics.
ChrisChambers
Taint has other meanings. hahaha
Mothsmoke
Putting the "taint" aside, how about someone who knows what the heck they are doing. This guy does not sound like someone who calls a ball, a ball and a strike, a strike.
"I don't have a problem with paying an office professional more than assembly line technicians because the professional can do complex quadratic equations in his head and manipulate computer models with impunity. What I do have a problem with is the disconnect we have fostered within this group of people when they feel that they are entitled to the reward just for being smart - not for being smart and right.
You won't see this in any study, because the only dysfunctional culture we will identify by name in this country is always in a ghetto, but my own unscientific years of observation in the suburbs has shown me what you already know but may not want to articulate - that the arrogant, reckless and entitled attitudes being displayed by the execs and the rank and file at AIG, who are mostly college educated white men, is homegrown right here in our nation's own suburbs."
"Homegrown financial terrorists who are reporting to work today at AIG."
malletgirl02
That is a good description. I have long that of it as a hostage situation.
Conserv1
How wide are you casting the net here?
Why is the 'terrorism' contained to AIG when it can surely be found in the government policies and political activists that promised to provide 'affordable housing' and 'expand minority home ownership'?
Why is the charge of 'economic terrorism' not leveled at the heads of households who put aside their better judgment to buy big, new homes that they could not afford and now see their children homeless?
Admiral_Komack
Kltpzyxm
spirit_55z
Lawzy, we got to have a doctor. I don't know nothin' 'bout birthin' babies.
Miranda
ROFLAMO
Conserv1
Are we back to blaming rich white men for the world's ills?
I would contend that greed and recklessness is not confined to skin color or social class. The educated white man on Wall Street is an easy target, but he does not bear all of the blame.
Does the ghetto drug dealer seek to profit? Yes.
Does the underqualified buyer fool himself into thinking that he can get a bigger house without making more money? Yes.
Are there victims in society? Of course. But shouldn't we all be required to assume responsibility for our actions?
Admiral_Komack
Kltpzyxm
Miranda
Are we back to blaming rich white men for the world's ills?
When did we get away from it? Did I miss a memo again?? Spirit! Justice! Sepia!! Val! Was I left off the distribution list again!??!! Hey!
Val
hahahaha
Justice58
Are we back to blaming rich white men for the world's ills?
Is this mofo real? Back? Are you kidding me? The greedy & lazy mofos almost annihilated Native Americans because they decided to take whatever they wanted & call it their own! (Columbus discovered America....My A$$!) Then the lazy sons of bitches decided they to get free labor from the land they STOLE by enslaving an entire race of people because they were too d#mn lazy to work it themselves.
Conserv1 better get the fuck outta here!
spirit_55z
Hi, Miranda. What's happening? We need to talk about the White man and the world’s ills reports.
Spirit: Yeah. The coversheet. I know, I know. Uh, Val talked to me about it.
Miranda: Yeah. Did you get that memo?
Spirit: No. I didn’t get the memo. And I understand the policy. And the problem is just that I forgot the one time. And I've already taken care of it so it's not even really a problem anymore.
Miranda: Ah! Yeah. It's just we're putting new coversheets on all the White man and the world’s ills reports before they go out now. So if you could go ahead and try to remember to do that from now on, that'd be great. All right!
RonnieB
What ... Terry Tate Office Linebacker didn't want in on this?
spirit_55z
RonnieB, now you know we can't forget Terry. Thanks for the reminder.
Ah yes, we are blaming Rich White Men for the World's ILLS, cause rich White Men made the rules. AND the rules are subject to change at their whim!
predacious
O you are so right it is not confined to skin color. The problem though is that you need a specific skin color in order to be given the access that provides the type of opportunity that allows your greed and recklessness to be affirmed and exalted when you step on folks who you believe aren't entitled.
Conserv1
But in this case the greed and recklessness was initially born out of a desire to help 'level the playing field' and attain a goal of 'affordable housing.'
predacious
That's a complete lie. This stuff started with Enron and before that with Phil Gramm and the dismantling of the 1933 Glass Stengall Act;
In 1999, McCain Supported Phil Gramm’s Banking Deregulation Bill. In 1999, John McCain voted for passage of the Senate version of a bill that would eliminate current barriers erected by the 1933 Glass-Steagall Act and other laws that impede affiliations between banking, securities, insurance and other firms. The bill also would exempt small, non-urban banks from the 1977 Community Reinvestment Act (CRA), revise the Federal Home Loan Bank system and require that owners of automated teller machines (ATMs) provide notice on the ATM and on-screen of any charges imposed for the use of the terminal. The bill passed 54-44.
Clinton, with the bill overwhelmingly supported by 53 Republicans and Senator Hollings, a Democrat from South Carolina, without out the chance of surviving a veto override, if he'd chosen to do so, signed the bill into law. THE MAJORITY of Democrats, 44, voted AGAINST the bill.
The Glass-Steagall Act was legislation passed in 1933 that separated the investment industry and its functions from the commercial banking industry, basically making the everyday banking customers' money off limits for use in the speculation market.
Senator Phil Gramm, author of the above mentioned deregulation bill in italics, which basically repealed and dismantled the Glass-Steagall Act, which had been enacted as a means to safeguard against the catastrophe of the Stock Market Crash of 1929,
Those who have followed the many Phil Gramm scandals closely have probably asked themselves Why the hell would the U.S. business community want this man anywhere near a seat of power in this country? . Despite his PhD and his academic history, every business endeavor which he touches turns to liquid shit----on a colossal scale. Enron’s bankruptcy rocked the business world. UBS, his former company, just wrote off mortgage losses as big as all of last year’s profits and is being sued for $20 billion to boot.
Outgoing Fed chairman Paul Volcker was against this repeal, warned Congress for YEARS that it would lead to the very bank crises we see today, and that incoming Fed chair Alan Greenspan had no such qualms, but was in fact, telling Congress it would have no adverse effect.
Your post is the age old 'Blame those preyed upon' for a system, in this case, the invitation into the entry level where the money would be used by the investment community, concealing the dangers fraught with the participation.
'Affordable housing' is nothing but a straw man argument used to divert attention away from the scandolous behavior of wall street to prey upon main street and home owners. There was never any level playing field it was a simple case of rapacious investors rippin off the common man under the auspices of 'giving them access'.
If this was about helping the little people they would have something to show for it and they don't. It was nothing but one big ponzi scheme.
The only people who benefitted were the financial investors who ripped off the entire nation.
affordable housing, my ass....if you beleive that...would you please give a donation to fund that Bridge to Nowhere Palin is always spewing off about?
the guy who ran AIG's Financial Products unit until last year was Joe Cassano, whose name probably means nothing to you, who was a protege of the maestro himself of the junk bond fiasco, Michael Milken.
I'll have to give the mainstream media some credit for finally starting to man up and do some real digging on this financial mess we're in - I haven't heard anybody try to blame all of this on "those damn no good minority borrowers the banks were forced to lend to under the Community Reinvestment Act" since last month.
Maybe you've been under a rock, Conserv1, or maybe your calculator is broken. If every home loan to every black person in the country was in foreclosure, and all of them were loans made on tents masquerading as houses, which left no equity whatsoever to recoup, you STILL would only be talking about
But since we know that even the subprime default rates are below 25%, and the FHA default rates are under 10%, and the Fannie Mae default rate is under 5%, we will have to assume that the mortgages themselves are not the problem.
The original derivatives, which sold payment streams or interest or equity, already factored in a certain level of non-payment, depending on what the mix of mortgages was in the tranche that stood behind the paper - revisiting the records will very likely show you that even with the subprime paper, which has had the worst performance, the forecasters were not far off the mark on how many delinquent or non-performing loans they were going to have in a particular group.
The problem is the 50 or 60 or 70 TRILLION dollars worth of exposure that our entire financial industry has, depending on whose calculator you use, to these derivatives on steriods that these frat boys dreamed up.
Even if you unwind these products at a steep discount, there is no way you can fill the gap between the redemptions and what any of our national coffers have on hand.
More importantly, there were practically NO black folks involved in the creation or sale of these products, or in charge of checking out the exposure the company could have when things went wrong.
My buddy and I talk about this all the time, though. "Dude, I told him the other day, "trust me, there are white guys gathered in rooms and lodges and think tanks all across the country trying to figure out how to blame you for this mess."
"What?" he said.
"We're in a multi-trillion dollar mess. Do you think these guys are going to take the blame for this shit without even trying to front that it was 'somebody else'? These aren't the kind of people who can admit they are wrong.
Us, we can do it. Wrong, guilty - "okay, let's get it over with" - we deal with it, whether that means doing nothing at all or finding some help."
Conserv1
I know about Cassano.
Look, borrowers, sellers, realtors, mortgage brokers, banks, Wall Street all hopped on the housing boom bandwagon led by the US government policies and as the greedy and reckless will do, in every step of these transactions, they exploited and gamed the system for personal gain.
As for NO black folks involved in the creation and sales of these products, perhaps you are right but I can tell you that a majority of Black folks were behind ACORN and Barney Frank and liberal politicians who wanted to see the government intervene on their behalf.
The government did just that and got this snowball rolling down the mountain.
Do I blame Black folks, no. Will we. No.
I blame our government policies that seek to engineer equal outcomes that have led to disastrous consequences.
'The road to hell is paved with good intentions.'
In our desire to hasten and underwrite the 'American Dream' of home ownership we failed to adequately require individuals to assume responsibility and risk.
In our efforts to bailout Wall Street we are doing the same thing.
Admiral_Komack
Kltpzyxm
Plantsmantx
Oh really? How so?
Conserv1
Listen to Barney Frank wax eloquently about the service Fannie and Freddie were doing to advance the cause of 'affordable housing' and see how he and like minded politicians resisted regulation and reform.
Talk to representatives of ACORN about the goals of the CRA and how they planned to sue lenders who did not provide equal access to home loans.
See the banks and other lenders jump into the stream of federally backed (that means INSURED FROM RISK) loans provided by Fannie and Freddie, many times exploiting unqualified buyers and pushing them into risky loans.
See the greed of Fannie and Freddie as they sought to expand their balance sheets to gain HUGE bonuses for execs like Jamie Gorelick and Franklin Raines.
Watch politicians (Bush included) on both sides of the aisle laud the success of their policies as home ownership grew to its highest level.
See Wall Street gooble up loans bundled and INSURED AGAINST RISK by Fannie and Freddie and resold as a 'safe bet' because the government promised to back them up.
Watch Wall Street seek to increase profits by selling over and over again these so-called 'safe bets'. They even sold them overseas.
Watch AIG create insurance 'just in case' the government couldn't back up the loans. AIG never dreamed the insurance would actuall6y be needed. It was 'easy money'.
"Easy money" provided to risky borrowers by the US government. "Safe bets' provided to Wall Street by government backed mortgages. If the government had never gotten into the mortgage business, taxpayers would not be left footing the bill.
You need a better command of the facts - the bluster and bullshit you're pushing just doesn't add up. I've been a mortgage originator and a stockbroker - let's put some numbers on the table and see why your tirade makes absolutely NO SENSE.
Get you a TI-25 from Target - for less than $25 you can have access to all the Present Value and Future Value functions you need to follow the money trail.
But you can do much more simple math with a pencil and a piece of paper.
Approx 5 million blacks live in owner occupied housing in the country. We have the lowest homeowner percentage of any major ethnic group in the country at 46%.
The 2000 census bureau shows more than 20% of these homes with no mortgage - no idea whether that is still true, but I would imagine that the trend is similar even today.
So now you've got 4 million mortgages, at $190,000, which is about what the average mortgage in the country is, is 760 billion dollars. But if the default rate for ALL mortgages is currently 12%, and we ratchet it up a few points to include a higher mix of shaky credit borrowers within the pool of black borrowers - call it 25% - then you are telling me that ONE million mortgages caused this whole thing.
If it were that simple, they would buy them all - $200 billion would make every mortgage holder whole on this group of delinquent borrowers, we could turn the homeowners back into renters and kick them out, and be on our merry way back to prosperity.
Against the ENTIRE 11 trillion dollar US home mortgage debt, that isn't even pissing in the wind.
Your real problem is AMERICA - our mortgage debt has risen by 250 percent in the past ten years.
Black people don't account for a tenth of that. Refinances of higher valued property ALL ACROSS THE NATION, including the mostly white areas, are responsible for this.
SO if this a question of lowered moral standards, you need to look in the mirror, or look at your neighbors, or look at the Christians I'm sure you go to church with every Sunday to pray for us "heathens".
Black people have a lot of problems. There are a lot of things we can do much better at, and too many areas of our society that too many of us don't even know exist.
Like the derivatives markets.
Next, you'll be telling us we dragged ourselves over here and enslaved ourselves just to aggravate white people.
Conserv1, if every black person in the country had disappeared forty five years ago, after King said "I have a dream", you would still have the same problems you've got now.
You need to make Rush Limbaugh come up with more accurate facts, and give you some kind of context, or else you're liable to go off half cocked like this for the rest of your life.
I mean, think about it.
Black people were on the back of the bus. Now we sit at the front if we feel like it. But you're still driving the damn thing. So now that you've wrecked this bitch, there is no need to point your fingers at the passengers.
Our hands are not on the wheel on this one, buddy boy.
Its all yours.
You claim every damn thing else - so claim this too.
That's a lie, and bullshit misdirection. It's been debunked, but you're still mouthing that damned lie. If Fannie, Freddie, and especially the CRM never existed, this would have still happened. ACORN? Are you kidding? LOL.
spirit_55z
Pass it to the little man.
Let the little man get the ball.
Take it to the hole. man!
Let's go!
Get--get--get up!
Look at that. It's all right.
Walter. throw that big fat butt at me.
I'm getting tired of making you look bad.
It's hard work.
I'm fittin' to dog you. punk.
I'm fitting to dog you.
Let me shut him up. Give me the ball!
If you shoot it.
I'll knock it out the fucking sky.
Can't take it to the hole
because you ain't good enough.
You think so?
Get some of this.
Ball!
You can't even dribble!
Bring it! Bring it!
Get that shit out of here!
Ooh! Ooh!
Miranda
Is this a Sunday sermon?? Because it should be!
Conserv1
I think the Rev. Wright already gave this one.
Admiral_Komack
Kltpzyxm
predacious
Rev Wright consistently leads his congregation on the righteous moral path.
If you ever bothered to listen to his sermons you would know that.
As a matter of fact, that most common statement that was played over and over was about God damning America BECAUSE she had raped and plundered other nations.
And THAT is the right way under God's law to be damned indeed.
Conserv1
And who has raped and plundered America now? Just the rich, greedy reckless whites at AIG?
No.
Admiral_Komack
Kltpzyxm
Justice58
Who else!
MsKitty
Any Native Americans in the house? I think they can speak better to the raping and plundering than anybody, and shut this down. Just sayin'
spirit_55z
Where's Angelar? She's Native American.
Plantsmantx
Really, who else? LOL, sheeeeeiittttttt. That was good for a nice, hearty laugh.
Miranda
LMAO!!! Conserv can't even front like its trying to have a actual debate anymore!!! LOL...its so mad right now that the hood is on and the sheets been starched and ironed and bleached to pure whiteness!!! LOL!
Monie
Exactly.
Conserv is that type that will bust a blood vessel if his/her spawn brings home a person of color. when deep down he/she probably stays crisped and tanned up in a tanning bed each week, wishing thy had the natural melanin they so desperately burn to get or gets sprayed on.
And is probably botoxed and butt implanted now as we speak.
Miranda
OMG.......I can't stop laughing for the rest of the day now.....ROFLMAO
Plantsmantx
Typical of the wannabee "White Black Moses". Keep rebuffing them, and eventually...LOL.
"The current financial crises definitely resulted from government generated moral risk. The massive federal government created and managed enterprises, Freddie Mac, Fannie Mae and the Federal Home Loan Banks, aka Flubs, (henceforth, collectively the GSEs) are ground-zero for the crises. They were simply too big not to dramatically impact the market. Collectively, the GSE purchase half the mortgages issued in the U.S. Collectively, they issued most of the mortgage-backed securities (MSBs) currently in circulation. By design, these institutions created a vast moral hazard that built up over four decades until the system collapsed under the weight of risky behavior.
I can’t repeat this often enough: By design, the GSEs were intended to distort the markets in favor of more risky lending and that is exactly what we got. The private institutions that failed did so because they (a) mimicked the business model and practices of the GSEs, (b) bought GSE-issued MBSs, and GSE stock, based on their high ratings and/or (3) issued insurance against the default of the GSEs’ MBSs based on their high ratings.
Without the GSEs, the circumstances of the collapse would have never developed.... Instead, our political impulse to get something for nothing has led us to the financial equivalent of a nationwide pileup of rust heaps driven by meth-crazed teenagers. "
Admiral_Komack
Kltpzyxm
Val
RAOTFLMAO !
Speak Admiral. lol
Sepia
Geithner: AIG to reimburse taxpayers for bonuses 73 AIG employees got at least $1 million, NY's Cuomo says
By Ronald D. Orol
WASHINGTON (MarketWatch) -- Failed insurance giant American International Group Inc. will be ordered to reimburse the taxpayers up to $165 million for bonuses the company is giving employees, Treasury Secretary Tim Geithner said Tuesday. Acknowledging "considerable outrage" about the bonus payments, Geithner said AIG will pay the Treasury an amount equal to the bonuses, and the Treasury will deduct that amount from the $30 billion in government assistance that will soon go to the company.
In a letter to congressional leaders, Geithner said the government can't block the payments, which are being made under contracts signed before the government stepped in with billions of dollars to prevent AIG from going bankrupt last September. Geithner said the Obama administration hasn't given up on efforts to recoup the money from the employees who got the bonuses.
There have to be more penalties imposed so that the AIG power gets broken including the excise taxes, AG investigation, criminal investigation, breakup of the company. This blatant arrogance has to be felt by these leeches, more direct blow and messages sent to all others who might follow this course.
mon_dieu_ishmael
LOL - the govt. will ONLY give AIG 29.835 billion.
It was a year ago today that Barack Obama, then a candidate for president fearing a divisive racial backlash over his pastor, took to the stage in Philadelphia and said it was time to have a new conversation about race.
“We have a choice in this country,” Obama said that day. “We can tackle race only as spectacle - as we did in the O.J. trial - or in the wake of tragedy, as we did in the aftermath of Katrina - or as fodder for the nightly news. . . .That is one option. Or, at this moment, in this election, we can come together and say, ‘Not this time.’ "
But in the year since that speech – through campaign and convention, election and inauguration – Barack Obama hasn’t taken part in the discussion of race in America in any sustained way, the way he did that day in Philadelphia to get out of a campaign jam.
Obama supporters have defended this approach as “post-racial” — moving beyond clear lines of black and white, and the tired racial fights of years past to embrace a new way of solving problems broadly, not one ethnic group at a time.
Rep. Barbara Lee, chairwoman of the Congressional Black Caucus, said the speech was a benchmark that “set forth a road map on how to look at race within the context of public policy.”
But it’s an approach that leaves some of Obama’s black supporters wanting more – and some analysts saying Obama’s method is something of a cop-out, in a nation where racial questions still burn every day. It was Obama’s own attorney general Eric Holder, in fact, who said the U.S is a “nation of cowards” on race.
Evan Bayh on Morning Joe and Scarborough’s has a complete orgasm
You AIN'T neva lied!
Sepia
You see Mika was covering her coffee cup.....
rikyrah
All of us who never trusted Bayh - we have been validated.
spirit_55z
Indeed. These mofos just can't get with the program. You know they just can't stand that Handsome Black president having all that power in the White House.
Justice58
Co-Sign!
spirit_55z
Our Mission at AIG: Repairs, and Repayment
By Edward M. Liddy Wednesday, March 18, 2009; Page A13
The government rescue of American International Group (AIG) and other financial firms has produced a palpable wave of anger on the part of Americans and a rising public demand for accountability from corporate and government leaders.
The anger is understandable, and I share it. I have been fortunate in more than three decades in business to see firsthand the wealth creation that well-managed American companies bring to their employees and their communities. I have seen the good side of capitalism. But over the past six months, since agreeing to take the reins of AIG and reviewing how it was run in prior years, I have also seen instances of the bad side of capitalism.
Mistakes were made at AIG, and on a scale that few could have imagined possible. The most egregious of those began in 1987, when the company strayed from its core insurance competencies to launch a credit-default-swaps portfolio, which eventually became subject to massive collateral calls that created a liquidity crisis for AIG. Its missteps have exacted a high price, not only for the company and its employees but for the American taxpayer, the federal government's finances and the global economy. These missteps brought AIG to the brink of collapse and to the government for help.
Watch me as I play the world's tiniest violin for Bernie.
Miranda
LMAO!!
Town
All those people he swindled want their money back.
Guess neither one is happening, huh?
Conserv1
Why should they get all their money back? If the money had been lost on actual stock trades they would be SOL. There is a down side to putting your money at risk.
Everyone who has lost in the game of chance they CHOSE to play now wants something for nothing. AIG, Goldman Sachs, DuetcheBank, Realestate speculators and unqualified buyers.
So many want to be shielded for their mistakes and want to bear little or no responsibility for their actions.
The government is supposed to pay, to step in like Mommy or Daddy and tell them that it's just a bad dream...or that they didn't really do anything wrong.
Insane.
Admiral_Komack
Kltpzyxm
Plantsmantx
It's easy for fake-assed "libertarians" to say that when they know these entities are getting the money anyway. And...a $166 million outrage is a godsend of misdirection for you all, LOL. Atrios asked:
"I've been sitting her for months wondering if Republicans would ever be able to get away from reflexively leg-humping Big Money and their general love of handing taxpayer money to rich people and start out-outraging and out-populisting Democrats about this bailout stuff."
I say they can more or less credibly pull off the pose...until the time for re-regulation comes 'round.
spirit_55z
PEOPLE IN HELL WANT ICE WATER TOO!
rikyrah
LOL
Justice58
LOL!
Nothing like getting your day started off like a good laugh!
And speaking of comics, I must have counted over two dozen blogs that are buzzing about Michelle O in her first biographical comic. I can't tell if people are really just fascinated, irritated, or excited about it. I can't wait.
So I have to agree with the folks over at President Awesome, the Obama face is its own stimulus package!
In a rare move, President Obama will appear on the "Tonight Show with Jay Leno" this Thursday as part of his larger tour through Southern California. The president seems to be pulling out all the stops to garner support for next year's federal budget. In addition to campaign-like talk show appearances, the Washington Post reports today that the administration also intends to use the extensive email list compiled over two years during Obama's presidential run to reach out to the grassroots.
According to the New York Times, the Leno appearance is unusual but not totally unprecedented:
Presidential candidates often appear on television shows when they're trying to get elected, but once successful, it is rare to find a commander in chief appearing on TV shows except as joke fodder. President Bush did show up on NBC's "Deal or No Deal" last year, but it was in a taped appearance in which he voiced support for a contestant who had served three tours of duty in Iraq.
As the Boston Globe notes, the Obama administration is fighting to quell public concern over the economy, which ranks far higher in public opinion polls than any other issue facing the nation. Writes the Globe:
Joined by Treasury Secretary Timothy Geithner, Obama will outline a package that includes lower fees for small-business lending and more guarantees for some Small Business Administration loans. It is the latest step by the White House to unfreeze credit so that businesses will expand and either add jobs, or at least not cut them.
...
The CNN/Opinion Research Corp. survey released this morning says that 63 percent of Americans believe the economy is the most important issue facing the country. No other issue makes double digits.
On Tuesday, White House spokesman Robert Gibbs expounded on the reasons why the president has chosen to come on the show. Via Lynn Sweet:
While Obama will be doing two town halls in California--a state struggling with high unemployment and a state government funding crisis--Leno provides a "unique" audience, Gibbs said.
"We don't look at it as a process of demonstrating the president's sense of humor," Gibbs said, but rather a chance "to explain the economic situation we are in."
It's been years since I actually watched Jay Leno, but now I have a good excuse!
GreenLadyHere
claudis_m: I don't watch that often. But, I'll catch this one! :>)
RonnieB
To piggyback on Rikyrah's point, with the choices of Emmanuel, Geitner, Summers, and few others, I'm a little--I little concerned that PBO has seen fit to properly conduct business in the White House, rather than handle his bizniss in the White House.
Yes, it would appear to be in proper Washington form to ensure that blue chip Wall Street firms continue to keep the economy operating. But had he taken the notion that it's time to take some of these bloodsuckers off the street; round them up in a dark alley and blast 'em, he would have done the country and his rep a huge favor down the road.
This is certainly not a critique of the President. I know and trust that he will do right by me and mine. At the same time, I am a firm believer that even our most grand statesmen and stateswomen--White, Black and otherwise--need to have a little "pimp" in their game.
You need to learn how to read. I didn't say there's was a connection between MIC and the housing crisis.
You're making an ass of yourself, lady.
Val
Craig - that "lady" ain't no lady
Admiral_Komack
Kltpzyxm
Plantsmantx
Why would he say that when it's a lie? Are y'all back to blaming blacks for the economic meltdown? Wait, did you all ever stop blaming us? That lie has been debunked. But, I guess it's one of the "zombie lies" you all will keep spouting, huh? Too good not to use, huh? It involves blaming some black people for something, which makes it a perfect conservative talking point. Would movement conservatism even be able to survive without anti-black racism?
rikyrah
Emmanuel, I don't like personally, but understood about him. Geithner and Summers - no. They were all up in this financial mess, and Summers' term at Harvard should have disqualified him period.
RonnieB
I'm also very cool on Geithner and don't particularly care for his style. It's too inside-beltway; too inside Wall Street. But being that Geithner and PBO have a family connection--Geithner's father and PBO's mother worked for the same foundation--they're friends, and I don't see PBO cutting a friend loose when there are so many enemies around him.
At some point, though, I think that Geithner will become too much of a liability to keep around--friendship or not.
malletgirl02
Geither seems to me that he would he pretty good as a number 2 guy, but he isn't so good as the head of an organization. Maybe Obama should get a a new secretary, but keep Geither on as undersecretary or an assistant.
rikyrah
If Geithner could actually go on tv and CONVINCE the American people; assure them. But, when he goes on tv, he looks and acts like someone you need to check the silverware drawer after he leaves your house for dinner. He's a PR liability all the way around.
Being a PR liability - not comfortable talking in front of TV cameras, large groups of people, doesn't necessarily mean he doesn't know what he's doing or what the problems are.
Personally, he kinda creeps me out, too, although hHe could be just a strange geeky guy.
Sorry - trying to work AND watch CSPAN3 with Liddy.
Geithner skulks, AND he seems nervous - like he's done something and just waiting for Sister Anna Margaret to catch him. Was it Justice who said something about breaking the antique cookie jar?
There's almost an aura of something deceitful surrounding him.
Conserv1
The bigger problem here is that Wall Street is not the only player who deserves blame in this mess. The greed involved here while on greatest display in Wall Street, was also consuming government and Main Street.
The government backed mortgages sold by the government created entities Fannie Mae and Freddie Mac created the risk upon which all mortgage backed securities and the credit default swaps were built.
Wall Street is at the top of the pyramid that has been crashing down, but the shaky base upon which this was all built started with the CRA, greed and mismanagement at Fannie and Freddie, poor government oversight and a desire by the public and the government to expand home ownership for millions of Americans who were unable to adequately assume the risk, no matter how seemingly favorable the terms may have been.
"Money for Nothing." We all wanted it.
Politicians wanted to claim credit for helping minorities gain access to 'affordable' housing and pushed banks to relax lending requirements. Homeowners wanted more house than they could resonably afford. Realtors and lenders told buyers they could qualify for larger mortgages than ever before with little or no money down, and sellers wanted to push prices ever higher to reap more $$ than the previous average expected return of 4%.
But as we all know, 'you can't get something for nothing' and the bill has come due.
Admiral_Komack
Kltpzyxm
Monie
Who presided over and initiated this "so-called" governement desire to spread home ownership.....CLUE: none other than Republican GWBush. That is a historical FACT.
"In June 2002, President Bush announced the goal of increasing the number of minority homeowners by at least 5.5 million before the end of the decade.
Through America's Homeownership Challenge, more than 2 dozen companies have made commitments to increase minority homeownership, including pledges to provide more than $1.1 trillion in mortgage purchases for minority homebuyers this decade."
PLEASE READ THE ABOVE PARAGRAPH AGAIN SO IT CAN MARINATE......did you get that, 2 dozen companies made pledges with GWBush loan over $1 trillion to engage in this mess......and Republican ideology helped create credit default faults, CDOs and all these other complicated instruments to allowed other institutions like Lehman Brothers, AIG, and Bear Stearns to fuck up this ENTIRE economy on GWBush's watch, you know the kind of things that post-Depression era legislation " Glass-Steagall Act" sought to prevent .......Bush said it best himself "Wall Street got drunk"....and GWBush was the hostess.
Please cut all the CRA bullshit.....that has been DEBUNKED LAST YEAR.....stop trying to rewrite history.
Conserv1
Here you are trying to place balme on kust one political party.
There is plenty of evidence that the blame can and should be shared by the GOVERNMENT as a whole.
You cannot so easily debunk the truth.
The seeds of this crisis were sewn out of a liberal desire to provide 'affordable housing' and expanded access to minorities.
You are the one trying to rewrite history. Or does your 'history' only begin in 2000?
Admiral_Komack
Kltpzyxm
Monie
What I provided you with are contents of press releases that appeared on the official White house website....THAT IS A FACT.
Whose desire was more aggressive than Bush's, or maybe you can't see that because of the Republican partisan wool over your eyes.
Name me ONE banking institution that was forced to loan due to Community Reinvestment Act, an over 30 year initiative that according to wingnuts caused the housing crisis, which is so laughable because if it it was so responsible, we would have seen it's failures LONG BEFORE the housing bubble of this decade...again, name just one institution.
Oh and about Fannie Mae and Freddie Mac....here's another piece of info wingnuts like to "forget" the President helped "push these so-called commitments with Fannie and Freddie the same way they pushed the $1 trillion with the over 2 dozen companies.....THAT IS A FACT.
Take note: "Substantially increasing, by at least $440 billion, the financial commitment made by the government-sponsored enterprises involved in the secondary mortgage market specifically targeted toward the minority market.
The issue is that this so-called "minority homeownership" challenge helped to foster greed and bad business practices all over the place, again initiated by GWBush.
That is why to this day, only 3 industries grew under the Bush cartel:
Oil...no surprise there, Cheney and Bush both oil men...Cheney once said this as CEO of Halliburton: He who controls the Middle East, controls the power. (Not exact, but believe me that was the gist).....also, isn't it amazing how gas rose about 8 times its value during Bush's reign...only to lower again once the financial system fell and Americans could no longer be sucked dried...because the seemingly endless supply of wealth propagated by the "housing bubble" in this country dried up......because if it was really about "supply and demand" wouldn't the demand still be high...we've got the same number of cars and India and China are still here, right?
the military industial complex....again Cheney's former accounting scandal plagued company Halliburton and it subsidiaries and many others made out BIG time...especially when you are guaranteed no-bid taxpayer-funded contracts
and the housing market...which was fueled by this so-called "homeownership challenge" that the Bush administration and majority Republican Congress for the better part of the past 9 YEARS let run freely.
Again, name me one insitution.
carolinagirl
*crickets*
You know conserv is a computer program. You backed your statements up with facts and links and it cannot compute a copy and paste talking point response. Good on you Monie! :o) I think you've solved the matrix.
Miranda
OMG.........ROFLMAO!!!!!!!!!! Damn....LOL!!!!!!!
spirit_55z
LOL,Geithner lhas the look of a little boy who stole cookies from grandma's antique ceramic cookie canister.
He broke the canister and is trying to glue it back together.
I still don't believe that Americans need the treasury secretary to convince or assure them of anything, despite all the chattering classes arrows on cable news. When it comes to these matters, that's the president's job.
Conserv1
I do not think we need reassurance, we need a scolding. We need to stop assigning blame and assume responsibility for our actions.
Greed is not contained to Wall Street. It has its tentacles in government and main street too. It is not contained to the US, but spread abroad as well.
But the wealth we desired was not truly 'earned' . We, those on Main Street who borrowed and borrowed because we COULD, never stopped to ask ourselves if we SHOULD.
When the bills came due, we couldn't pay the bills and the whole pyramid collapsed.
Admiral_Komack
Kltpzyxm
spirit_55z
"No, I don't think I will kiss you, although you need kissing, badly. That's what's wrong with you. You should be kissed and often, and by someone who knows how."
" Lawzy, we got to have a doctor. I don't know nothin' 'bout birthin' babies. "
You may be familiar with Michelle Obama, and you may have even read a thing or two about her clothes.
But that's not to say that Washington doesn't have other style stars. Take a look at our finalists in this category, and then cast your vote in the poll below.
SLIDESHOW:
Votin' time! :>)
spirit_55z
My vote goes to Desiree Rogers. I think best dressed includes hair, jewelry, etc. The whole enchillada. Desiree's hair is slammin. She makes it look effortless.
Miranda
She really does....it looks like she just wakes up, spashes cold water on her face, run her fingers thru her hair, put a little spritz on it...and she's done...and she looks beautiful.
rikyrah
I voted for Valerie Jarrett. Like The Black Snob, I'm impressed with her ability to look wonderful in heels, no matter the place.
rikyrah
As for Geithner, he should go. I can't even muster a weak defense for him. Those of you that say that Obama keeps him around because he knows the REAL truth about the depth of the problems, then it's time for them to reveal to the American people the REAL depth of the problems.
Mr. ' I didn't pay back taxes because the statute of limitations expired' shouldn't have been hired in the first place. It was bad PR to have a Secretary of the Treasury during the worst economic crisis in 60 years to be a tax dodger.
He MIGHT be brilliant, but he can't explain JACK on tv that would make the average American understand why HE is the only person in America for this job. He and Summers never should have been hired.
I don't really care that this is making POTUS look bad. He should have had better instincts than this. Trying to be 'slick' doesn't always work. Sometimes it bites you in the ass as it has done this time.
It's not the amount of money; it's what it symbolizes. And, for Geithner to deserve any defense, he needs to step up and act like he's actually on the side of the American TAXPAYER and not the mofos who caused this bullshit.
Everybody's raising high hell about a news story that's been out since January about a practice that's been going on in corporate America since forever spurred on by "liberal bloggers" that have been Chicken Littling Obama ever since he won the primary race and picked up by corporate journalists who are making a shytload of money to do little or nothing except spead disingenuous memes that defend corporatism at the expense of regular Americans. Proof positive that Democrats will always be their own worst enemy.
Which is also why I'm not having any of this "Fire Geithner" kneejerk bullshyt. 50 days, people. If you thought Obama should have everything fixed by now then you need to admit you really do think he's the Messiah.
I agree with you but I feel like right now we are stuck with Geithner. This is a Catch-22 situation. Besides I want to see his banking regulations proposal and banking plan. Once we've seen these then we can decide.
Conserv1
There is no plan because I suspect that he his having trouble convincing private investors to take government money.
Who in their right mind would want Congress calling the shots in their businesses right now?
Micheline
Like these businesses are doing so well on their own.
Admiral_Komack
Kltpzyxm
GreenLadyHere
rikyrah: Good mornin'! :>)
MARCH 18, 2009 -DAY 58- Of His FIRST 100 DAYS! :>)
1. HIS SCHEDULE: Wednesday Mar. 18, 2009 All Times Eastern
President Barack Obama receives his daily briefing while en route to California.
Joe Biden travels to Wilmington, Del. 8:00 AM 9:00 AM 9:30 AM
Obama and Biden receive the daily economic briefing. 10:00 AM
Obama meets with senior advisers.
Gary Locke attends a hearing on his nomination as commerce secretary. 10:45 AM
Obama meets with the Congressional Hispanic Caucus. 11:00 AM
Biden delivers remarks at the White House Recovery and Reinvestment Act Implementation Conference for local officials. 12:00 PM 12:30 PM
Obama delivers remarks on the South Lawn. 12:45 PM
Obama leaves The White House en route to Andrews Air Force Base. 1:00 PM
Obama flies out of Andrews Air Force Base en route to Long Beach, Calif. 2:00 PM
Transportation Secretary Ray LaHood and HUD Secretary Shaun Donovan attend a hearing. 3:00 PM 4:00 PM 5:00 PM 6:00 PM 6:05 PM
Obama arrives in Long Beach, Calif. 6:35 PM
Obama arrives at OC Fair & Event Center. 7:00 PM
Obama holds a town hall. 8:00 PM 8:40 PM
Obama departs en route to Los Angeles, Calif. 9:00 PM 9:05 PM
The Post takes a look at the numerous African-American women at the highest levels of Obama administration power.
The Post: “The ‘Obama women’ -- as African American women who've taken big jobs in his administration have been nicknamed -- mark another step in the long journey of black women from outsiders to gatekeepers in political Washington. They have quietly entered their jobs with little attention paid to the fact that they are the largest contingent of high-ranking black women to work for a president.
“Many are firsts -- as in the first black woman to run the Domestic Policy Council, the first black EPA chief and the first black woman to be deputy chief of staff. Last week, Obama tapped Margaret (Peggy) Hamburg to lead the Food and Drug Administration. If confirmed, Hamburg -- who is biracial (her mother is African American, her father Jewish) -- will also be a first.”
Read the full story here.
3. FROM PLAYBOOK -- THE TIMELINE!: After Robert Gibbs was peppered with questions, the administration backgrounded reporters on the AIG timeline – TUESDAY: Secretary Geithner finds out about impending bonuses. WEDNESDAY: After 6pm, Geithner calls Liddy to express outrage and says payments are unacceptable and Liddy need to go back and renegotiate. Secretary Geithner and Treasury lawyers look for legal solutions to not paying the bonuses. THURSDAY: Secretary Geithner informs the White House. Later in the day, senior aides inform the President. Secretary Geithner and Treasury lawyers continue looking for legal solutions to not paying the bonuses. SUNDAY EVENING: The President asks the economic and legal team to continue looking for ways to recoup the bonuses. MORE. (8:13 a.m.)
"At first, on the nutty bonuses, Team Obama thought it could get away with the same absurd argument used to justify the nearly $8 billion in unnecessary earmarks it allowed Congress to jam into this year’s overdue spending bill: It was written last year; we’re just signing off on it; we’ll do better in the future."
"What President Obama should have said to the blood-sucking bums at A.I.G., many of them foreigners who were working at the louche London unit, was quite simple: “We stopped the checks. They’re immoral."
I usually just bypass whatever you post, but I just wanted to know something?
Why exactly do you post here again? It's not that I have a problem with you being a Conservative, but you just don't seem to be here for the dialog. Karmi at least, post a "drive-by" article or two, and then he bounces. "D" come here and has a dialog. I may not agree with his philosophy, but he post here and treats the posters with respect and intelligence, he may not agree with you, but he will respectfully disagree. And he rarely if ever does the "drive-by" paste and cut that you and Karmi do. You on the other hand cut and past your RW articles, and then stay to "agitate the natives" I guess.
Anyway, that's my 2 cents, I'm gonna go back to ignoring you again.
Conserv1
First, I cut and paste articles and cit them in my comments to spark debate.
What is wrong with challenging your perspective? Are only 'agitated' because you choose to protect and defend Obama from any and all criticism?
I find Obama's 'phony' outrage over this situation not leadership, but rather succumbing to the mob mentality that has overtaken the debate.
Instead of taking responsibility for his decision to grant his administration and the Democratic controlled Congress the authority to allow these bonuses, he tries to join in their chorus.
If he had a good reason, he should explain it. If he was wrong, he should admit it.
Further, the bigger question now coming to the forefront of this debate is why were firms like Goldman Sachs and Citibank allowed to double dip from the TARP funds and in Sach's case, then lie about not needing any more money?
The President promised transparency and accountability and now when we are expecting and requesting it, he feigns surprise and wants to pile on.
It is disappointing.
Do you want to have a conversation about that?
Admiral_Komack
Kltpzyxm
Justice58
Eric Holder nailed it to the wall when he spoke of nation of cowards! Conserv1 is front & center.
Conserv1 can't stand the fact that a black man is running the country. It's eating him up inside. I wish him misery! :)
Conserv1
Spare me. I cannot stand that a big government, big spending, social-engineering liberal is in the WH.
You are the racist, not me.
djchefron
But a war criminal,big spending, religious zealot was ok with you?
Admiral_Komack
Kltpzyxm
Plantsmantx
The Civil Rights Act? Hmm?
Miranda
Oh lamh32....you are so silly....don't you know Conserv is here to teach your dumb black ass (and the rest of our dumb black asses) the correct way to THINK? Don't you know Conserv is here to be a beacon of light for the clueless darkies who think just cause they had a little bit of book learnin..they done went and forgot their station in life. Conserv is here to put us pickaninnies back in our place. That is why I respond to its post the way I'm about to right now!
Conserv1
Miranda you never challenge my assertions or the content of my posts. Why is that? All you seek to do is personally attack me.
Each of us bears the responsibility for our own education.
I frankly enjoy reading many of the posts here because it challenges me to rethink or reaffirm my own beliefs.
Admiral_Komack
Kltpzyxm
RonnieB
I was dreamin' when I wrote this ... forgive me if it goes astray. but when I woke this mornin', coulda sworn it was judgment day.
Who's paying you? No one comes to a blog they are diametrically opposed politically this much unless paid to do so.
Miranda
Perxactly......but ya know...today is a little different....these posts have taken another direction...Conserv's on edge...as if his boss beat him because he hasn't "converted these uppity nigras" yet and its taking too long......I wonder if this is Ron Christie...he's been on edge lately...tee hee hee.
Convert is a good word because one of the analogies I would draw is that of a born-again Christian who will NOT take 'no' as an answer.
Plantsmantx
Maybe not, but she's part of the "Village", and for them, Republicans are always in power, always the authority, and are required to be sucked up to. Always. And umm...
...what about the Civil Rights Act, Conserv1? Do you agree that it should have been signed into law, or do you think it kept social change from "developing spontaneously, freely"?
malletgirl02
Yeah, she is one of the "Heathers". Dowd doesn't like Democrats. She made fun of Al Gore during his campaign.
MsKitty
I saw a cartoon about that in the Sunday paper and it made me laugh...not because it was funny, but because if that's the best the haters can come up with then I think PBO is in pretty good shape.
allamr18
yes because we all know policy just doesnt work with a teleprompter i mean we all know that barack is the first president ever to use one
Conserv1
This article has nmore to do with Obama's 'phony outrage' and lack of leadership than it does about his dependence on a teleprompter.
Care to comment about that?
Admiral_Komack
Kltpzyxm
Miranda
OMG...........you're hilarious today!! LMAO!!! You have lost it completely! DAMN......President Obama is further in your head than he was in Bill's......LMAO
Justice58
LMAO!!!!!!!!!!!
Micheline
This teleprompter thing is another way of saying the black man can't think on his own, therefore he's dumb.
Conserv1
No, but I think that you all are using the 'teleprompter issue' to distract the debate away from the charge of 'phony outrage' and missing leadership that is being leveled against the President by columnist Maureen Dowd.
Micheline
I would take your argument seriously if you didn't bring up the teleprompter meme.
Admiral_Komack
Kltpzyxm
GreenLadyHere
Micheline: "WHYCOME" U speak TRUTH!!? :>)
Here we R in the "age of technology", and what does the "opposition" rail against - - - - -the "use of TECHNOLOGY!"
THEY have been "HATIN'" ever since PRESIDENT OBAMA introduced THEM 2 TECHNOLOGY - - durin' the election cycle. HE HAD BEEN KNOWIN'!
WE KNOW - - -"Hatin'" when WE see it!!
THEY KNOW - - - what THEY R doin'!
***shakin' my head*** in anger!
Micheline
Yup, they do and we know too. We are watching their behinds.
Conserv1
Who’s going to last longer, AIG or Tim Geithner?
Admiral_Komack
Kltpzyxm
RonnieB
the sky was all purple, there were people runnin' everywhere ... tryin' 2 run from the destruction, you know I didn't even care.
Miranda
Play that guitar Prince!!! Play it Andre Cimone!!! (y'all remember Andre Cimone?? LMAO)
RonnieB
Wendy ....?
Miranda
No you didn't!!! LOL!! How could I forget Wendy!! Dang...and Lisa!! And Dez!!
OK...did you know this? (from wiki) Dez Dickerson finally left the band for religious reasons and was replaced by Lisa's childhood friend and lover Wendy Melvoin.
they are going to last the same time. AIG may take a little longer to break up but Tim has maybe one last chance before he has to go
Micheline
Why Tim Geithner has to go? Don't play into the rightwing.
allamr18
i dont think he has to, im willing to give him some leeway. the fact is this banking meltdown is not easy and has taken years to create so im willing to give him at last a year to get some of this stuff unwound. i mean we are in month 16 of this recession and hes in month 2 of leading the treasury. id like to see the housing plan work and the small business plan as well and see what hes banking plan is and if those start working than hes good
Micheline
Completely agree. As much as I don't like him don't be fooled by the rightwing talking points. Last night Sean Hannity said that Geithner should get fired. How did I know that Coserv1 was going to bring this up.
Conserv1
Obama Knew About AIG Bonuses Day Before They Were Paid
President Obama was informed about the $165 million in bonuses due to employees of the American Insurance Group the day before they were paid out last week, the White House disclosed late Tuesday.
Obama has expressed outrage that the company, which has received about $170 billion in government bailout money, proceeded to pay out the bonuses. He said the idea of a company rescued with taxpayer money awarding bonuses runs counter to "our values."
The timeline released Tuesday marked the first time the White House has acknowledged when the president was told about the bonuses, which have prompted calls from Congress for the administration to recover the money.
Obama's press secretary, Robert Gibbs, has said the president has ordered White House and Treasury Department lawyers to find ways to block the bonuses, which were paid out Friday under contracts signed last year.
The president did not publicly express anger over the bonuses until after they were disclosed Sunday in The Washington Post.
Admiral_Komack
Kltpzyxm
RonnieB
cuz they say 2 thousand zero zero, party over oops out of time... so 2 night I'm gonna party like it's 1999.
Prince REMOVED them ALL from YOU TUBE! Bummer! :>)
BUT - - - thanks 4 the lyrics! :>)
djchefron
The Real AIG Scandal It's not the bonuses. It's that AIG's counterparties are getting paid back in full. http://www.slate.com/id/2213942/
RonnieB
If the "New York" media gave as much coverage to AIG (its relationships, and those bullshit insurance policies), as they did to Eliot Spitzer getting his freak on ...
I'm just sayin.
djchefron
I usually don't put my tinfoil hat on but its kind of funny that when Spitzer was going after Wall street all of a sudden he has issues with hookers.Something tells me the powers that be wanted to get rid of him and the quickest way was a sex scandal.We being stupid fell for the okie doke once again.As Arsenio used to say "Things that make you go hmmm."
RonnieB
Well, I'm wearing my tin foil top hat on this one. Whoever took down Spitzer, knew full well that nothing distracts ADD America like a good old-fashioned sex scandal.
rikyrah
this is a good article and on point.
Conserv1
AIG counterparties like Goldman Sachs and the leading French and German banks were allowed to assume NO RISK, NO RESPONSIBILITY, for purchasing toxic assets.
They are all in it together. You wash my back, I will wash yours. That is why Geithner is totally ineffective, he is too close to Wall Street. Totallly discredited, imo.
rikyrah
I'm with you, Iceberg on Geithner.
Conserv1
The Wall Street Journal this morning characterized this as money-laundering by the U.S. government to surreptitiously give aid to foreign-based financial institutions, such as Societe General, the France-based European financial services company, which has received $11.9 billion from AIG since last September.
http://washingtontimes.com/weblogs/potus-notes/... “Given that the government has never defined 'systemic risk,' we're also starting to wonder exactly which system American taxpayers are paying to protect. It's not capitalism, in which risk-takers suffer the consequences of bad decisions. And in some cases it's not even American. The U.S. government is now in the business of distributing foreign aid to offshore financiers, laundered through a once-great American company,” the Journal wrote.
Admiral_Komack
Kltpzyxm
spirit_55z
The answer my friend, is blowing in the wind. The answer is blowing in the wind.
The Urgency in the Sudan Two weeks ago, the President launched a "high-level, urgent review" of US policy toward Sudan that will among other things consider whether the US should re-examine joining the International Criminal Court (ICC). Today, the President will name Maj. Gen. J. Scott Gration, a Swahili-speaking retired Air Force officer who grew up in Africa, to be the US special envoy to Sudan according to the New York Times. It is a decent start but if we are to avert a major humanitarian crisis in the Sudan, more is required. http://www.mydd.com/story/2009/3/18/378/82423
Miranda
hmmmm......interesting how the mainstream media did not report one syllable on this.
This is a personal weblog which does not represent the views of the authors' employers, clients nor vendors.
Ain’t Like All The Rest
Jack and Jill Politics is not affiliated with Jack and Jill of America, Jack and Jill Magazine, "Jack and Jill Went Up the Hill to Fetch a Pail of Water" nor any of the other Jack and Jills out there on the Google. Just so's you know.