This is not one of those times though. He nailed it when he described the conservative majority’s intent in this vote as being judicial activism, even if Joe Scarborough reacted like a cow that had just stepped on its own udder.
The National Association of Realtors’ Lawrence Yun says “stories of appraisal problems have been snowballing from across the country with many contracts falling through at the last moment.” The National Association of Mortgage Brokers proclaims, “Tens of thousands of consumers have already been robbed of their opportunity to enjoy historically low rates by Attorney General Andrew Cuomo’s rule.” The appraisal management companies, critics say, don’t seem to care if the appraisers they pick know anything about the neighborhoods in question.
The Treasury Department said the banks will make the first offer for the warrants. Treasury will then decide to sell at that price or make a counteroffer. If the government and a bank cannot agree on a fair price for the warrants, the two sides will have the right to use private appraisers.
If you want a fair price, put them out for public bid.
This is just another backdoor payout to the investment banks.
First, we overpay for the warrants, and now, we sell them back at less than their value.
The hole damn system is corrupt, and the bank bailout needs to be pursued as a criminal investigation, not as a crisis.
Yep, it’s Governor Mark Sanford again, who is now admitting that he “crossed the line”, with other women, but didn’t actually have sex with them, which I guess means that he got a Monica, just like Bill Clinton.
Additionally, there are more trips to visit Maria Belen Chapur than he had previously admitted.
So more drip, drip, drip, and more Schadenfreude for the rest of us.
Seriously, excerpts do not do justice to his essay on MohammedJawad, where he describes the US government torturing a 12-16 year old boy, and now is attempting to use his tortured confession to keep him confined, but here are the last 2 ‘graphs:
There is no credible evidence against Jawad, and his torture-induced confession has rightly been ruled inadmissible by a military judge. But the Obama administration does not feel that he has suffered enough. Not only have administration lawyers opposed defense efforts to secure Jawad’s freedom, but they are using, as the primary basis for their opposition, the fruits of the confession that was obtained through torture and has already been deemed inadmissible — without merit, of no value.
[Jawad’s former prosecutor] Colonel Vandeveld is no longer on active duty and has joined the effort by military defense lawyers and the American Civil Liberties Union to secure Jawad’s freedom. Six years of virtual solitary confinement, he said, is enough for someone who was not much older than a child when he was taken into custody.
The Minnesota Supreme Court declared that Al Franken won, and Norm Coleman conceded:
Democrat Al Franken won Minnesota’s disputed U.S. Senate seat as a loss at the state Supreme Court prompted Republican Norm Coleman to concede.
“I congratulate Al Franken” on his victory, Coleman said at a news conference outside his home in St. Paul. “Sure I wanted to win,” the Republican said, though he said further litigation would damage the state’s unity.
The fact that Coleman conceded indicates that he’s going to run for governor, because it was clear that the RSCC would have continued funding challenges all the way to the Supreme Court.
He knew that if continued the challenge from here, that he would not be able to be elected dog catcher in Minnesota.
This is real end of the world stuff, cats sleeping with dogs and the marshmallow guy appearing in city streets:
Wal-Mart, the nation’s largest private employer, joined hands with a major labor union Tuesday to endorse the idea of requiring large companies to provide health insurance to their workers, a move that gives a boost to President Obama as he is pushing for health legislation on Capitol Hill.
“Not every business can make the same contribution, but everyone must make some contribution,” Wal-Mart’s chief executive, Michael T. Duke, wrote in a letter to White House and Congressional officials, adding that he favored “an employer mandate which is fair and broad in its coverage.”
There are, of course, caveats, there are always are, and Wal-Mart’s top lobbyist is saying that there have to be some sort of strict cost controls.
My guess is that the company has two goals here:
To make sure that it’s not required to offer better insurance than it does now, which is at relatively high cost to the employee and has relatively high deductibles.
An attempt to forestall unionization efforts at its stores, which are gaining steam.
Barack Obama is a smart guy. He knows that there are similar tariffs in countries that have a VAT, so that you cannot evade the tax by outsourcing production, and he knows that the economic consensus is that the absence of such measures distort free trade by subsidizing foreign manufacture of goods.
He expresses these “concerns” because he believes that any restriction on the flow of goods and services,* is dangerous and bad.
He is a free market mousketeer™ who believes that free trade will, inexorably spread democracy throughout the world, raise everyone’s standard of living, keep ants away from your picnic, and keep your daughter from dating the guy with the tattoos and piercings.
Do not expect meaningful labor or environmental measures as a part of his free trade deals. They won’t happen.
*Except for IP, where excessive US copyright and patent restrictions must be adopted world wide.
This is not unanticipated. The right wing of the Supreme Court has been delivering the death of a thousand cuts to affirmative action for years, and they do not have to follow precedent, as the appellate court does, and did.
Still, expect the wing-nut brigade spinning up their sirens over this one.
Financial products should be treated like medicines and sold to consumers only when they are certified safe to prevent a repeat of last year’s financial meltdown, the world’s central bankers said on Monday.
The Bank for International Settlements (BIS), which acts as a forum for central banks, said government efforts to revive the global economy might have only a temporary impact because banks are not being pushed hard enough to fix their underlying problems.
The BIS was alarmed by how a collapse in the value of opaque and complex securitized products propelled the world’s financial system into crisis. It said in its annual report all financial products should be registered like medicines.
The safest instruments would be available to everyone, a second tier only to people with authorization, like prescription drugs, and a third tier to a limited number of pre-screened individuals and institutions, like experimental drugs are.
It’s a very good idea, but it won’t happen, because it’s what the Masters of the Universe want, so the Masters of the Universe won’t let it happen.
If you require that products be safe and effective, you prevent them from churning money into fees, and reduce their base salaries and bonuses, so they say, and so says Summers and Geithner.
Fundamentally, until financial instruments are completely clear and transparent to regulators, and certified as such, they should be forbidden.