FASB to Fold on Mark to Market -- Again! (Plus A Flying Humvee and 12 Other Stories -- Friday Morning Links)

• Irish Bailout Eyes Are Watering

• FASB to Fold on Mark to Market -- Again!
  

• Geithner & Sheila Bair are fighting again

• Chris Whalen:  TARP 2.0 -- The Bank Tsunami

• Make The Revolution Yourself

• Where Are All the Prosecutions From the Crisis?

• Wikipedia: Quantitative Easing explained (outstanding detail)

• SCAM -- Ex-postal executives retire then return for higher pay

• Getting Lehman Profoundly Wrong

• AIG Announces Plan to Repay U.S. Rescue With Stock

• “Revolving door” lobbyists: The value of political connections in Washington

• China's quiet power grab

• A Flying Humvee (photo below)

• Learn the NEW way to do CPR
  

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DARPA is one step closer to a flying Humvee.  That story plus 13 more on the flip.

Comments

[DailyBail]

SÃO PAULO—Until recently, Dilma Rousseff was a little-known bureaucrat. Now, the 62-year-old economist is poised to add another title to a résumé that already includes left-wing guerrilla, political prisoner and cancer survivor: Brazil's first female president.

http://online.wsj.com/article/SB10001424052748704791004575520171395595534.html?mod=WSJ_newsreel_world

[DailyBail]

Inventions Ease the Plight of Trapped Miners

From Copper-Fiber Socks to Fiber-Optic Cable, Innovation and Improvisation Make Time More Bearable for 33 Chileans

http://online.wsj.com/article/SB10001424052748704116004575522343755639692.html?mod=WSJ_newsreel_world

[DailyBail]

Ecuador Calls State of Emergency

Military Frees President From Hospital Surrounded by Protesting Police; Opponents Say Correa Is Exaggerating the Unrest

http://online.wsj.com/article/SB10001424052748704789404575524020941308454.html?mod=WSJ_newsreel_world

[DailyBail]

Bailout Culture

While JPMorgan has repaid its TARP money, Ally hasn’t. Given the government’s investments, it would be hard to fault anyone for thinking the Treasury condones this sort of behavior.

This is what infuriates so many Americans about the bailout culture. When banks break the rules, consumers are supposed to be able to turn to the government for help. When Ally breaks the rules, though, it’s the Treasury’s own company that’s doing it.

Our government isn’t supposed to prey on its own people in the name of protecting our investments. It never should have gotten in this business in the first place.

http://www.bloomberg.com/news/2010-09-24/saving-americans-requires-sticking-it-to-them-jonathan-weil.html

[DailyBail]

O'Keefe And The Gang: The Young Conservatives Who Tried To Punk CNN

http://tpmmuckraker.talkingpointsmemo.com/2010/09/okeefe_and_the_gang_the_young_conservatives_who_tr.php

[DailyBail]

The AIG Rescue: What Did We Bail Out and Why?
Institutional Risk Analyst
Christopher Whalen

http://www.advisorperspectives.com/commentaries/ira_032210.php

[DailyBail]

http://www.nytimes.com/2010/09/29/business/economy/29leonhardt.html?src=me&ref=business

Real GOP plan to cut the deficit...

[DailyBail]

AIG: Time for Treasury Secretary Geithner to Clean Up the Mess

http://www.zerohedge.com/article/aig-time-treasury-secretary-geithner-clean-mess

more chris whalen...

[DailyBail]

http://www.huffingtonpost.com/2010/09/30/meg-whitman-polygraph-test_n_745876.html

Whitman: I'll Take A Polygraph Test About Undocumented Maid