Afternoon Reading (Plus Obama Cartoon, May 26, 2010)

AWESOME -- Make Goldman Sachs Give Back the $13 Billion!!!

TABLES TURNED -- Activists blast Mexico's immigration law (GREAT READ)

CHINA -- Prostitutes to Blame for Housing Bubble

NEW TOKYO SPEECH -- Bernanke Says Fed Must Be Free from Meddling

NEW WARNING -- Moody's Says Debt Level, Spending Pose Risk to U.S. AAA  Rating

Sestak-Obama White House scandal called 'impeachable offense'

Ambac closer to paying billions of dollars to banks

Regulators Push for Coordinated Global Rule on Bank Capital

FBI Arrests 2 for Trying to Sell Disney Earnings Info (Idiots Sent Letters!)

Detroit Mayor Kwame Kilpatrick Gets Multi-Year Prison Sentence

New York Pension Scandal -- Outrageous (must see)

Nuke the Oil Spill

If 'Top Kill' Fails, BP Will Resort To Firing Golf Balls Into The Leak

12 Senators named to work out bank reform bill in Conference with House

Larry Summers -- Second Stimulus Plan on the Horizon

ING Says Paying Principal on Mortgage Loans is Unnecessary (MISH)

Fed's Bullard: Euro crisis no Lehman-style shock

GOP Senator -- Obama Needs Valium

SC SCANDAL -- Purported Haley Text: 'You're The One Who Screwed Her'

Author writing about Sarah Palin moves NEXT DOOR to her

Rand Paul Plans Staff Shake Up after Gaffes

Exclusive: FBI details surge in death threats against lawmakers

O'Keefe -- Conservative Phone Hack Plotters Plead Guilty

Tony Blair to earn millions as climate change adviser

Defiant Gov. Christie -- We're Not Raising Taxes!

Arizona Gets Border Soldiers; None for Texas

WOW: Researchers Achieve Quantum Teleportation Over 10 Miles of Empty Space

America's Most Dangerous Airlines

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Comments

[Zarathustra]

Please start with a nice fluff piece on Obama the Great Uniter...

http://www.huffingtonpost.com/cass-r-sunstein/the-obama-i-know_b_90034.html

"I do not deny that skeptics are raising legitimate questions. After all, Obama has served in the Senate for a short period (less than four years) and he has little managerial experience. Is he really equipped to lead the most powerful nation in the world?"

Wow, good question Cass Sunstein you crazy communist.

"Expect transparency to be a central theme in any Obama administration, as a check on government and the private sector alike."

Right right right, when does that start you idiot?

"He favors high-level meetings with some of the world's worst dictators."

Really Cass you ass, is he gonna meet with N Korean leader too? Now would be a good time.

As president, Barack Obama would be a genuine uniter. If he proves able to achieve great things, for his nation and for the world, it will be above all for that reason.

I know, now it is just sad and pathetic. Cass was rewarded by getting a nice czar position, okay, now you can throw up.

AHHHHH, GREAT STUFF.

"Children and fools have merry lives."
-John Ray

Associated Depressed...
By MATTHEW LEE and HYUNG-JIN KIM, Associated Press Writers Matthew Lee And Hyung-jin Kim, Associated Press Writers –
SEOUL, South Korea – U.S. Secretary of State Hillary Rodham Clinton said Wednesday the world must respond to the "unacceptable provocation" represented by the sinking of a South Korean warship blamed on Pyongyang, as the regime shelled out more blistering rhetoric against Seoul and Washington.

Tension on the divided Korean peninsula has risen dramatically since international investigators said last week that a torpedo fired by a North Korean submarine tore apart and sank the South Korean warship Cheonan on March 26, killing 46 sailors.

Relations are at their lowest point in a decade, when South Korea began reaching out to the North with unconditional aid as part of reconciliation efforts.

[DailyBail]

zara...that article was over 2 years old...

[DailyBail]

Italian Prime Minister Silvio Berlusconi on Wednesday defended the government's plan to cut its budget deficit by 24 billion euros ($29.5 billion) over two years, saying public spending can't continue on its current path.

http://www.marketwatch.com/story/traders-await-details-of-italys-30b-budget-cuts-2010-05-26

[DailyBail]

SEC proposes high-frequency trade oversight rules

http://www.marketwatch.com/story/sec-to-seek-more-data-about-high-frequency-trades-2010-05-26-105000

[DailyBail]

Treasury sells debt at lowest cost in 13 months

http://www.marketwatch.com/story/treasury-sells-debt-at-lowest-cost-in-13-months-2010-05-26

[DailyBail]

AIG's sale of AIA Group hits another hurdle

http://www.marketwatch.com/story/aigs-sale-of-aia-hits-another-hurdle-2010-05-26

[DailyBail]

WASHINGTON (MarketWatch) -- The White House on Wednesday took issue with a provision in sweeping bank-reform legislation that would require bank regulators to get congressional approval before they could provide debt guarantees to solvent firms in the event of a financial crisis.

http://www.marketwatch.com/story/obama-fights-effort-to-have-congress-ok-guarantees-2010-05-26

[DailyBail]

Treasury sells Wells Fargo warrants for over $800 mln

http://www.marketwatch.com/story/treasury-sells-wells-warrants-for-over-800-mln-2010-05-26

[DailyBail]

WASHINGTON (MarketWatch) -- Housing finance giants Fannie Mae and Freddie Mac would not be able to continue to provide funding for the U.S. mortgage market -- and continue to restore stability to it -- without the continued taxpayer assistance from the Treasury Department, a key regulator said Wednesday.

"Although the [Fannie Mae and Freddie Mac] enterprises' substantial market presence has been a key step to restoring market stability, neither company would be capable of serving the mortgage market today without the ongoing financial support provided by the U.S. Department of the Treasury," said Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency, at a hearing about the future of the mortgage giants.

"When it is all said and done, the bailouts of Fannie Mae and Freddie Mac will go down as the most expensive bailouts of this crisis by wide margins; however, this administration and this Congress want to just keep acting like there is no problem and keep their head in the sand," said Rep. Scott Garrett (R., N.J.).

http://www.marketwatch.com/story/freddie-continues-to-need-treasury-aid-regulator-2010-05-26

[DailyBail]

Treasury sells 1.5 billion Citi shares for $6.2 billion

Sale price roughly $4.13 for each share; Treasury plans more sales

http://www.marketwatch.com/story/treasury-sells-15-bln-citi-shares-for-62-bln-2010-05-26

[Zarathustra]

After repeated requests for help, President Barack Obama has agreed to send 1,200 National Guard troops to Arizona's border with Mexico. But so far, the president hasn't responded to Texas' request for assistance.

Barry only sent the troops to Arizona for cover when he fights the Arizona law. Barry, you suck.

[Zarathustra]

Kennyboy, what about your site cheeseburger,com???

[ken]

I am hosting "don't tread on me" movie screening soon

and this:

http://www.enduswars.org/

[Zarathustra]

DB...that is what made the article sooooo priceless. You see it, I know you do.

[Zarathustra]

I know you do.

[Zarathustra]

Here, I will do it for you...

Great post Zara!!!!!

[DailyBail]

http://www.enduswars.org/

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is that your website Ken...if so, great work...