DISQUS

jimpharo · 1 year ago

The McCain crimes should be first on the agenda.

Really? Under an FEC led by a Bush appointee? Really?

Really?

Dave of the Jungle · 1 year ago

What?

BUSH JUSTICE DEPARTMENT ILLEGALLY HIRED LAWYERS WITH CONSERVATIVE CREDENTIALS

Who would have thunk?

AdrianBrowne · 1 year ago

"When tracking polls noted a momentum shift to Obama earlier in the month, I noted this did not look like a post-nomination "bump" that would fade, but a longer-lasting "correction" as Clinton backers gradually joined the Obama campaign.

Two recent polls further that notion . . .

Conservative-style attacks lines have already been pursued against Obama -- from the Dem primary, from McCain and from other Republican and conservative groups.

After Obama has absorbed the attacks, he remains substantially ahead. What's been thrown at him so far has only made him stronger.

This is nothing like 1988"

http://liberaloasis.com/

High Crimes & Misdemeanors · 1 year ago

Folks, its about the money. Its about the financial fraud we live under. Its about the banking system that has totally been corrupted. The reality is this: we no longer live in a democracy, that "American dream" is a complete white wash, to get you to "work hard". Complete and utter BS. When we all come to collective understating of this, there will be a million citizen march to Washington. A hopefully a guillotine sitting around somewhere.

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Wall Street Writes the Obituaries for U.S. Banks

June 23, 2008 (EIRNS)—While Wall Street and other media don't want to admit the reality of the systemic financial collapse, the many obituaries for U.S. banks that fill their pages make it hard to miss. Things have become tough in the "post Bear Stearns" environment, the Wall Street Journal complains today.

The Urinal and the Financial Times today document 10% personnel cutbacks at both Citibank and Goldman Sachs, with similar action expected at other investment banks. And, given big losses, investors are now very skittish about putting money into those entities, refusing to participate in capital-raising transactions. "Investing in a bank right now means investing in a large portfolio of loans that are essentially a black box," one portfolio manager remarked. Given investors' reluctance to put in money, banks may have to come up with "sweeter terms," which, however, will also raise the cost of those deals.

"More Bank Bailouts Ahead?" is the headline on another WSJ article today, which warns that if lenders can't find buyers, or raise needed capital, the FDIC "could be overwhelmed." The Fed's decision to take on $29 billion of Bear Stearns assets "may soon look like chicken feed," the Urinal moans. While the thousands of struggling mid-sized banks don't pose the same kind of threat as Bear Stearns did, the problem is that the "other usual escape routes" available to those banks "are narrowing." It's getting harder and harder to tap either new or existing shareholders for new funds to replenish bank capital.

tlsintx · 1 year ago

great news about the FEC business!

seem like things could be looking up. (that'd be down for bushco)
fingers crossed.

KansasModerate · 1 year ago

The left is using a really silly argument against those who want to open the Atlantic and Pacific continental shelves and the eastern Gulf to oil exploration -- that it will only lower current gasoline prices by a few cents. Well, duh.

Of course, oil we don't have yet isn't going to boost supplies immediately and impact current prices. But oil that comes on line down the road will assure the U.S. of a domestic supply and ease dependency on Middle East oil (which has reached or is nearing its peak production capacity).

We obviously cannot drill our way to future energy independence. We need to stress conservation, including penalties for owning gas guzzlers. We need to increase the use of alternative energy sources such as solar and wind. There may be some future in biofuels but we certainly need to dump the ethanol boondoggle.