Morning Reading - TARP Truthiness, Romney's Rate, Portugal Bailout 2.0, AIG Chairman Lashes Out At Shareholders, The Man Who Bought North Dakota

Buffett Blames Congress for Romney’s 15% U.S. Tax Rate

Fears Mount That Portugal Will Need a Second Bailout

A Greek Default: It's a-Comin', Count On It

AIG chairman says the public just doesn’t get the bailout

Germany Shows Surprising Growth In Latest Economic Numbers

How to save Research in Motion - An open letter to the new CEO

Like Fracking? You'll Love 'Super Fracking' - Bloomberg

The Man Who Bought North Dakota - Business Week

Gingrich Used Payroll Tax Ploy Often Attacked By IRS - Forbes

Truth and “truthiness” in TARP

Comments

[Cheyenne]

Quote from AIG Chairman Steve Miller about Main Street's failure to understand the importance of bailing AIG (linked above):

"I think it would have been devastating for our whole economy and that would have been far worse for Main Street than what did happen."

Who cares what this larval meta-maggot thinks about what would have happened in the real world? If you want to know how corporate pupa like Miller fare when they try to feign human intelligence, just cut straight to the words of Miller's predecessor at AIG, Joseph Cassano, concerning the risks that credit default swaps posed to the company:

"It's hard for us, with, and with, without being flippant, to even see a scenario, within any kind of realm of reason, that would see us losing one dollar in any of those transactions."

What happened next, Miller, you sub-moronic pile of shit? That's right: THE BIGGEST CORPORATE FAILURE IN THE HISTORY OF THE UNIVERSE, YOU IDIOT. And we're supposed to give your drivel one scintilla of credibility... why?

Instead of parroting long-refuted banker nonsense, Miller should focus on the only thing he's apparently competent at--forming a necktie knot huge enough to prevent his pink shriveled mouse foreskin from rolling up and swallowing his repellent face:

http://www.google.com/imgres?um=1&hl=en&sa=N&noj=1&tbm=isch&tbnid=KNZla1eEV9hM4M:&imgrefurl=http://www.thestreet.com/story/10902576/1/aig-chairman-will-shift-to-ceo-if-necessary.html&docid=BzGfFU1FzWYZBM&itg=1&imgurl=http://i.thestreet.com/files/tsc/v2008/photos/all-pics/companies/a/AIG-steve-miller-inside-small.jpg&w=290&h=218&ei=8sIeT663LIXs0gH9vIQG&zoom=1&iact=hc&vpx=595&vpy=24&dur=10988&hovh=174&hovw=232&tx=129&ty=91&sig=101382607937957160122&page=1&tbnh=119&tbnw=163&start=0&ndsp=21&ved=1t:429,r:3,s:0&biw=1280&bih=582

[DailyBail]

That was beautiful, Cheyenne. And that was the key quote from the AIG story. These bastards just won't quit with the 'what-if armageddon scenarios' and the corporate media and much of the public laps it up like warm milk.