We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Obama an appeaser? Shame on you. Steyn. Related: Obama calls for his Mommy: Surber/ Related: Will Obama respond directly to the charge? Rick Moran. "If the shoe fits, whine about it": Betsy. On the other hand, Moderate Voice is impressed by the fast and unified Dem response. They obviously have a rapid response team in place.
A conspiracy so lunatic only 60 Minutes could fall for it. Hinderaker
It is the avowed purpose of politics to bring the policies of our nation down to a level where they are good for everyone. No matter how foolish, irresponsible, selfish, grasping, or vile everyone may be, politics seeks fairness for them all. I do not. I am here to speak in favor of unfairness.
...the AIG case, like so many others that Mr. Spitzer brought, was an example of prosecutorial excess. Instead of uncovering some great fraud by a titan of industry, its main result has been to damage the company, and harm innocent managers and shareholders.
Photo: You don't need camouflage if you are transparent. (You could make the same statement about human personality.) The Glasswing Butterfly of Central America. Photo from this site.
As a former Merrill Lynch broker I can say without hesitation that it was the poorest company I ever worked for in my career(s).
By poorest I mean in leadership, in business ethics ( which BTW has now overtaken military intelligence as the greatest oxymoron ever devised), institutional integrity, and a dozen other salient business metrics.
If I came close to mentioning all the semi and full dressed cleaving of the financial "profession" your jaw would drop to the floor and your money would go under your mattress.
Merrill took advantage of the tendency of markets becoming more risky as they become seemingly more stable. The longer the markets seem to be stable, or appear more secure, the more risky and unstable they become. The false hope of security leads investors to extrapolate stability into the distant future.
Merrill made the speculative phase a step further on the risk side. In this phase, cash flows cover only interest payments, but not enough to amortize the principal. Obviously, this is less stabilizing since borrowers (or in this case on its way to be speculators) are betting on interest rates not going up and the value of the collateral not declining. The longer an economy is stable, the more incentive to speculate, and the more speculative borrowers become.
In securitizing piggyback mortgages ML speculated (always with others money) that the market would continue to rise..it did not and it took Sovereignty Funds and the FED to bail them out..it was too late for other firms.
Run far, run fast from ML..they were poison when they aided in the downfall of World Com and they are poison today....business ethics ..huh.
here's a nice shot of Tom Harkin 9 in the middle) doing a follow up kiss ass to Daniel Ortega after signing the Dear Commandante letter during the 1994 election. basically what Nancy Pelosi is attempting today in Iraq.."Work with us , we'll be in power soon so screw (Reagan) now Bush.
"On the other hand, Moderate Voice is impressed by the fast and unified Dem response. They obviously have a rapid response team in place."
I noticed that too. In fact, they responded so quickly they didn't even waste time thinking about it. Call me old-fashioned, but personally, I think it's better to wait a few beats before broadcasting a message.
Don't forget Harkin & Kerry's freshman-senator trip to Central America -- at the crisis stage of the Cold War, they came back from meetings with the Sandinistas, waving a neville chamerlain-like promise, in speeches before congress, vouching that the Sandinistas were patriots, not USSR allies.
Per this, congress cut off funding for the Contras (the anti-communist forces), leaving both Reagan and our allies in such a lurch that the ultimate result was Iran/Contra (think Ollie North), which was ordinary no-other-way-to-do-it spook-work sniffed out and hyperinflated by the "shocked, shocked" Dems, in order of course to watergate the Reagan administration.
The thing to remember is that Harkin & Kerry had no reason whatsoever to believe the communists in Nicaragua and El Salvador -- they just took a trip, played a game, took a position based on sheer left-wingedness.
In fact, no sooned than they had killed the contras in the US Congress and congress was safely out of session, Ortega announced a huge infrastructure deal with the USSR (intended to lead eventually to USSR air bases in Central America).
Kerry & Harkin's response to this? Oh, were they ever miffed! Boy did they ever call a press conference and make a mad face and ask Ortega for an apology!
So, playing both sides of the fence, they avoided responsibility for what they had done, and are still in congress today.
Leaving the office one day during my CIA days I was talking with another operative who was driving a Ford Pinto. Parked out in the parking lot was The One I Let Get Away Again this was closley after I had purchased my Lotus. I convinced my comrade to buy this pristine 1965 XK-E for only $5,000. It had been kept up by a Lockheed space engineer and was perfect....I messed up.