"Credit Suisse Group AG (CS), Goldman Sachs Group Inc. (GS) and Royal Bank of Scotland Group Plc (RBS) each borrowed at least $30 billion in 2008 from a Federal Reserve emergency lending program whose details weren’t revealed to shareholders, members of Congress or the public."
This is awesome… The United States Congress didn’t know about these loans nor did the governments of the country where these banks are located…
So who controls the Fed? Where does the Fed’s money come from?
This is America; we don’t get to ask those questions.
But what we do get is a Democratic President that signs an extension on the Patriot Act from Europe… yes the Patriot Act, one of the those hopey, changey things the folks who voted for President Obama thought he was going to help us out of… like Banking De-regulation and Health Care Costs and ending the wars in the Middle East with his all powerful Nobel Peace Prize... the list is growing...
Oh well, what does he care, look what is running against him in 2012, the GOP is mounting the field with a pack of morally degenerate, financially spoiled, politically disingenuous , morally corruptible and intellectually devoid candidates.
What would John Adams, Thomas Jefferson and Ben Franklin make of these mopes?
Speaking of morally degenerates, Pope Benedict the XOXO’s First Officer of The Pedophilia Inquisition… (I have to go for the link to this one.)
"Father Riccardo Seppia, a 51-year-old parish priest in the village of Sastri Ponente, near Genoa, was arrested last Friday, May 13, on pedophilia and drug charges. Investigators say that in tapped mobile-phone conversations, Seppia asked a Moroccan drug dealer to arrange sexual encounters with young and vulnerable boys. "I do not want 16-year-old boys but younger. Fourteen-year-olds are O.K. Look for needy boys who have family issues," he allegedly said. Genoa Archbishop Angelo Bagnasco, who is the head of the Italian Bishops Conference, had been working with Benedict to establish a tough new worldwide policy, released this week, on how bishops should handle accusations of priestly sex abuse."
Like shooting fish in a barrel… or like putting the fox in charge of the hen house… or like putting Barack Obama in charge of re-regulating Wall Street…
Oh, sorry, I’m not done with Barry O, yet… now on to Israel and the Second coming speech he made over there... this ‘1967 borders’ speech did not go over so well with our allies in Israel... Welfare Queen Bibi Netanyahu is not interested in anything America is selling right now... don’t get him wrong, America’s global socialism is always appreciated, but don’t try to dictate to dictators and keep your nose out of Jerusalem.
It seems to me Obama’s Israeli/Palestinian peace initiatives may be coming from Secretary of State Clinton and Obama is simply relaying the message. There is no love lost between a Clinton and a Netanyahu… what a mess. A lot of unfinished business there.
Madam Secretary Clinton is also over in Pakistan trying to sweep up some of the collateral damage done by her boss’ decisive move to kill Osama bin Laden, with no help from the previous President who cannot and will not speak ill of the dead…
If only Clinton had a stronger President, the work she is doing could be so much more focused on actively changing things for the better instead of trying to keep them from spinning out of control.
President Obama’s failure, and the single thing that will keep him from achieving anything except keeping the Oval Office chair warm for the next Republican President, was not taking control of the Financial Industry reform when they broke the world and were on their knees.
That was the moment... the once in a generation moment when Progressive politics could set the rules… it doesn’t last and the chance doesn’t come often, but our laissez-faire economy does have its cycle… the Great Depression brought on the New Deal, which enabled America to become the greatest nation on earth for a while, ending the Depression and fighting World War Two with a dedicated, united and determined middle class… the pendulum swung back, Republicans moved in and the world almost ended… and President Obama didn’t do the heavy lifting required for change…. Unless you count the bags of money he helped carry out of the United States Treasury…
Anyway… here we stand… heading into President Obama’s re-election… I’m more interested in what Hillary Clinton’s next move will be.
HBO’s Game of Thrones is getting better each week and stranger…. If you have not read the books by George R. R. Martin, you are in for some crazy television over the next month… winter is coming…
Books: I’m kind of trapped in the post-World War Two world of both fiction and non-fiction… I’ve been nostalgic for New York City lately and have been looking for books that take place or are about the city that never sleeps… two left of center novels, Gore Vidal’s In A Yellow Wood and James Baldwin’s Another Country offer a look at life in New York City, basically at the same time, but from two very different viewpoints.
Vidal’s book follows a waspish, white WW2 vet into his post war life on Wall Street … with an option for something else that he may have left behind in Europe…
The Baldwin novel follows a black man living in Greenwich Village and the civil rights movement is only beginning to stir in the public consciousness… he too has to choose between staying in America and making his life work, or heading off to Europe…
Music has drawn be back to these times as well… I got a hold of The Miles Davis Quintet’s’ four album cycle Workin’ Cookin’, Relaxin’ and Steamin’ that came out of the 1956 sessions with Rudy Van Gelder.
Also, Bob Dylan at 70…?! And still crazy after all these years… in fact, as I write this, Bringing It All Back Home is playing for the neighbors to hear.
So have a relaxing and thoughtful Memorial Day Weekend comrades, rest you weary feet, listen to some good music, smoke some smoke, drink some drink and eat unhealthy food… we have a long summer ahead of us… and Gingrich and Palin and our Republican Congress ain’t going nowhere…