Comments on: Meet the Bloggers: Pitchforks and Congressional Hearings

By: JohnLopresti

JohnLopresti — Fri, 10 Oct 2008 02:30:28 +0000

I wonder what the federal reserve of NY normal procedure is for insuring foreign aid. Evidently the 12.+ BBN USD which the oversight committee complained about to Bremer and IG S.Bowen during the week of February 6, 2007 at hearings, was airlifted in bundles of 4,000 hundred-dollar bills = $400,000./bundle, aggregated in pallets, shipped regularly until the entire currency shipment was completed to the provisional authority, whose website now seems to be taken offline. The committee materials I found appear to indicate volumes of evidentiary materials scrutinized. Here is Waxman’s pre-hearing document distributed as background.

By: plunger

plunger — Thu, 09 Oct 2008 22:13:44 +0000

Citi is effectively insolvent. Horrible mortgage-related bets.

By: PJEvans

PJEvans — Thu, 09 Oct 2008 21:49:32 +0000

I’d say that they ought to get their pay and benefits linked to the GDP and the cost of living: if the rest of us get hurt by their actions, they should be hurt also.

By: PJEvans

PJEvans — Thu, 09 Oct 2008 21:47:51 +0000

Maybe not the best thing Citi could have done. I understand the deal Wells was offering was cash on the barrelhead. (They’re in better shape than some of the bigger guys.)

By: Mauimom

Mauimom — Thu, 09 Oct 2008 21:46:27 +0000

Seems to me that events are conspiring to aid us in pushing for much higher tax rates at the top of the income scale.

You’ve got the guys who got us into this mess: all Fat Cats;

The guys who benefited from this mess [e.g., Hank Paulson, ex-AIG CEO, selling $18 mill of AIG stock a couple of days after the infusion of Federal cash rescued the stock price from the dumpster]: Fat Cat

The manicures & pedicures: Fat Cats with ugly feet

There’s just no way this end of the income scale can argue for its continued exemption from contributing to society’s well-being by paying taxes.

Go get ‘em.

By: Hmmm

Hmmm — Thu, 09 Oct 2008 21:41:23 +0000

Huh. Litigation as revenue center. Dangerous direction there.

By: plunger

plunger — Thu, 09 Oct 2008 21:33:45 +0000

Citi is filing a $60 billion tortious interference claim against Wells and Walkoverya. They’ll make more profit on the settlement than they would have on the deal.

By: PJEvans

PJEvans — Thu, 09 Oct 2008 21:11:27 +0000

There was some stuff about Wachovia and the NRCC accounts earlier this year. Funny business with funds and stuff, IIRC.

Thought about ew when I saw this one.

By: Hmmm

Hmmm — Thu, 09 Oct 2008 20:59:30 +0000

Probably OT, and if so then please forgive – NRCC gets $8m loan from Wachovia while the US-backed Citi takeover bid is still on the table. Wotta stinker.

By: randiego

randiego — Thu, 09 Oct 2008 20:55:39 +0000

OT: I assume EW is on this:

The Alaska Supreme Court has rejected the effort by Republican legislators to quash the Trooper-Gate investigation, affirming the decision of a lower court last week.

http://tpmmuckraker.talkingpoi.....ort_to.php