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    The main mark of modern governments is that we do not know who governs, de facto any more than de jure. We see the politician and not his backer; still less the backer of the backer; or, what is most important of all, the banker of the backer.

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    Sack GoldMans

    April 11, 2009–A New Way Forward organized bailout protests around the country. Locals hit Portland's Pioneer Square to protest our tax dollars being given to greedy Banksters.

    Colleen Lindsay and Mike Ellison at Bank Bailout Protest

    Photos courtesy of Rich

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    New Nationalism Speech – Teddy Roosevelt History Lesson

    Mt. Rushmore, Theodore Roosevelt closeup. Image via Wikipedia

    Since the 1980s (when I worked for Eastern Airlines, which no longer exists due to deregulation fever) we as a people have amnesia when it comes to the lessons that history teaches us.  Regulations did not just magically appear one day.  They were derived from the wisdom that came about from the mistakes of the past.  Reagan [...]



    what do politicians hate more than anything else?

    Doubt. Doubt = weakness, and weakness = electoral failure.

    So it’s a minor miracle when a politician reaches the right conclusion and, despite his doubts, acts on it:

    SANTA FE — The Bill Richardson who announced a repeal of the death penalty in New Mexico on Wednesday was not the same Bill Richardson who usually shows up for face time with the news media.

    The Richardson who [...]



    time to name names and put the blame where it belongs

    On Hank Paulson’s bald head.

    When AIG started to become unwound last fall, who better to know just how much Goldman Sach’s own rape & pillage squad was going to depend on its AIG bad bet insurance than the former CEO, Paulson himself – and who else but the Treasury Secretary would be better positioned to make sure that at least his alma mater – if [...]



    whatever happened to a.i.g. freezing executive bonuses

    and clawing back those they’d already paid out? From October 22, 2008:

    NY AG says targeting exec pay at AIG, elsewhere

    NEW YORK (Reuters) – Troubled insurer American International Group Inc will freeze payments to a former CEO and officers of the unit that was the main source of its financial problems, New York Attorney General Andrew Cuomo said on Wednesday.

    “This is to confirm that AIG has [...]



    Why Isn’t Simon Johnson the Treasury Secretary?

    This is the most succinct explanation I have come across of where we are at and of what to do with regard to the financial crisis affecting our country.  I hope Obama and Congress are listening.  From Bill Moyers Journal (you can watch the video here):

    February 13, 2009

    BILL MOYERS: Welcome to the Journal.

    The battle is joined as they say — and here’s the [...]



    ratcheting up the pressure

    I assume these recent speeches by Obama are intended to publicly call out Blue Dogs and Senate Republicans to get along and go along once the Economic Plan is presented. From today’s speech at George Mason University:

    This crisis did not happen solely by some accident of history or normal turn of the business cycle, and we won’t get out of it by simply waiting [...]



    $25 Billion for New Signs and Renovations

    WAMU logo

    Ever since my favorite local bank, Washington Mutual (I know it is not a local bank) was taken over by JP Morgan I have been wondering about how its new overlord would handle the name of the organization.  I was thinking that it could keep the Washington Mutual name since it has for me been a good bank and therefore if others feel [...]

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