Entries by DailyBail (6219)
Apr 8, 2010 at 10:04 AMHave You Ordered Your Obama Pad Yet? (Comedy)
These 2 short clips won't sent you to the floor laughing, but they're not bad, in a subtle way, especially for a 16 year-old kid. He compares Apple's new iPad to the new health care oPad just passed by Congress.
Second short clip is inside.
Eric Massa & Glenn Beck Get Auto-Tuned (Song)
Not sure what to make of Auto-Tune. A few more clips and the lyrics are inside.
Dean Baker On Greenspan's Failures (VIDEO)
Bloomberg Video: Dean Baker, co-director of the Center for Economic and Policy Research, talks with Matt Miller and Carol Massar about former Federal Reserve Chairman Alan Greenspan's testimony on his leadership of the central bank -- April 7
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Difficult to argue with anything from Baker in this clip. The free-money wombat is guilty on all counts of recklless central banking leadership and promotion of the housing bubble.
James Grant Annihilates Alan Greenspan (Must See Clip)
Bloomberg Video: Grant torches Greenspan -- April 7, 2010
Two minutes of Indiana University graduate James Grant's understated sarcastic brilliance. Guaranteed to make you smile.
UPDATE: Clip added inside of Vanguard founder, John Bogle ripping Greenspan earlier today also on Bloomberg.
Watch Live Coverage Of Greenspan's Testimony Before The Financial Crisis Inquiry Commission (Includes Transcript)
Free-money wombat, Alan Greenspan's most ridiculous quote so far:
- "Low rates did not encourage risky lending..."
Former Federal Reserve Chairman Alan Greenspan is the lead witness at the first of three days of hearings by the bipartisan Financial Crisis Inquiry Commission (FCIC). He discussed his decision to keep interest rates at low levels and stated that he thinks this did not cause the riskly lending practices that took place. The 10-member panel is examining the causes of the 2008 financial markets meltdown.
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Watch Live Coverage on C-Span (includes self-updating transcript) >>
Greenspan's Prepared Statement >>
Hearings Schedule And Witness List >>
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KC Fed President Thomas Hoenig Calls For Break-Up Of Mega-Banks, Attacks Wall Street (Audio & Transcript)
Audio: Huffington Post interview with Thomas M. Hoenig, President of the Federal Reserve Bank of Kansas City, conducted April 2 by Shahien Nasiripour.
Transcript and links are inside.
Bernanke Feels The Heat: Maiden Lane Asset Disclosure Reveals Truth In Bailout Farce
Forty cents on the dollar, and that's stretching it.
For Fed clowns Bernanke and Geithner, transparency is not unlike sandpaper to their nut sack. When the crisis began with Bear Stearns in March of '08, Bernanke and Geithner likely never imagined they would be eventually forced to disclose the details of their dirty work. Yesterday was a victory for the good guys, but that doesn't mean you're going to like what you read.
Bill Moyers & Gretchen Morgenson On Health Care And Financial Reform (Video & Transcript)
PBS Video: Morgenson with Moyers -- March 26, 2010
Excellent discussion from last Friday's program. Includes a 2nd clip with Moyers' commentary on reform vs. reformation.
Spring Break Is Over...Did I Miss Anything?
I took 2 weeks off last Spring for sanity and decided to do the same this year. Sorry for not alerting regulars (and email and rss subscribers) to my layoff, but once I step away the rule is 'no site visitation under any circumstances.' These 2 weeks along with a week at Christmas are the 2 times per year when I step away from the interweb. Played golf a bunch, went to the gym 5 or 6 days and dropped rainbow 3-pointers on America's youth, went fishing twice, found a friendly Chocolate Lab on the street at midnight in the rain (no collar), took him in and found his owners a few days later. His name was Buster. Worked in the yard and drank some beer.
Otherwise, my decompression failed.
I can't believe we gave insurance companies 32 million additional customers and allowed their state monopolies to remain intact.
The MSM needs to stop generalizing. I think we need a group called 'tea for non-racists opposed to deficits and growth in government.' We're not all the same. Stop treating us as such.
Republicans are now locked in a love embrace with Wall Street. The Luntz Doctrine and related talking points have become de facto strategy. The Senate bill, if there is one, will be weak. 'Too Big To Fail' is not being addressed. Limits on leverage are absent. And there is no meaningful regulation of credit-derivatives.
I haven't read emails or comments since March 16th and will slowly get through everything in the next few days. Hope everyone survived and none of you were arrested in DC or Michigan. Posting should return to normal over the next day or so.
Lehman's False Accounting Was Known By SEC and NY Fed Regulators -- Yet They Did Nothing
(L to R) Federal Reserve Chairman Ben Bernanke testifies while SEC Chairman Christopher Cox Under Secretary of Treasury for Finance, Robert Steele and President of the Federal Reserve Bank of New York, Timothy Geithner listen during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill April 3, 2008 in Washington DC. Bernanke defended the Feds moves to prevent the failure of Bear Stearns investment bank, saying that its failure could have dealt the U.S. and world economy serious damage.
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At most times there were at least a dozen regulators from the SEC and New York Federal Reserve stationed within Lehman Brothers, with unfettered access to Lehman's financials including the Repo 105 transactons. And they were tipped by a whistleblower. Yet they said nothing.
Hello, Mr. Geithner. Yes, I'm here to deliver another nail for your coffin.
TIME TO CALL NANCY @ 202-225-4965: Pelosi's New Tactic -- House may try to pass Senate health care bill without voting on it
Forget reconciliation. Pelosi doesn't have enough votes for that bit of malfeasance. The latest procedural scam to help pass a health bill that neither Conservatives nor Liberals support (nor the American people), is the self-executing rule. And get this: Nancy prefers this option because it will allow members to support the legislation without actually voting for it.
This is not a fu*king joke. It's an abomination. Nothing less than a direct assault on our Democratic process. Help us make her life miserable by calling her office and telling her legislative aides exactly how you feel. Share this story with friends and ask them to call. Give 5 minutes of your time and pass it on.
Pelosi's congressional office # 202-225-4965
Pelosi's San Fran district office # 415-556-4862
You can send your thoughts to Nancy by email HERE >>
Details, links, story, and video are inside.
UPDATE: New video and article added with Democratic response.