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http://finance.yahoo.com/news/Paulson-says-he-pressured-apf-4172060968.html?x=0&sec=topStories&pos=1&asset=&ccode= At least he was there looking out for the taxpayer. "No one was tougher than I was in protecting the American taxpayer," he told the House Oversight and Government Reform...

Wasn't the Fed's original creation passed in Dec while most of Congress was out for the holiday recess? Now, I know lots of crap gets done that way, but when it comes to having a say over the country's money, I'd have hoped more representatives would have weighed in...

http://www.reuters.com/article/marketsNews/idUSN0945907120090709 According to reports, any Fed audit is being blocked in the Senate.

I think she is going to do fund raisers and make more money on the trail with appearances than she would ever hope to make as Gov. She does have a special needs child, and caring for him his entire life (beyond her and her husband's own lives) isn't going to be cheap. She likely sees the...

Her presentation was a bit disjointed. The basketball analogy was actually embarrassing. But - I don't think she is popular with Big Oil in Alaska, because she wrung more out of them for the state than they wanted to give. So she may be fighting some big industry - not just the usual...

It wasn't just the media - the GOP didn't want him either. They restricted his access to the GOP convention. They gave him a pass, but told him he couldn't have any guests, and he had to return the pass when he stepped out of the convention hall. I don't think they hamstrung other Republicans...

The saying "Power corrupts..." is a statement of power in isolation without qualifiers. Perhaps the saying should be "Power corrupts, but Wisdom is salvation." Who is wise? Maybe those who can have power but refuse it. There might be a few - very few - in history who did so. George...

Agreed. But wasn't that what Paulson sold the TARP with? If he doesn't get $700B to do what he wants with, the world will end? Paulson led the charge...

Sanford (R) is a hypocrite, but no more than Spitzer (D) was when he was caught using hookers. Spitzer would prosecute prostitution rings and say they were destroying the lives of young girls and women. Then he goes and boffs them. The one he was caught with was probably not much older...

He probably means "fall back in lust" with his wife. If it was just between his wife and him, it might not be so bad, but he's got 4 kids to think about before he runs off to see his mistress. Or in his case, to not think about. It's like that slime Spitzer who went off to see his...

It's not Slavery. It's called Indentured Servitude.

Is Phil Gramm still at UBS AG? They are accused of criminal activity. http://news.yahoo.com/s/ap/20090630/ap_on_re_us/us_ubs_secrets MIAMI – Swiss bank UBS AG "systematically and deliberately" violated U.S. law by dispatching private bankers to recruit wealthy Americans interested in...

He obviously has no respect for his wife or he would have divorced her first. As for his parenting responsibilities, Father's Day-eve would have been a great time to sit his 4 boys down and tell them: "Boys, you know mom and I have been having a rough time lately, and Father's Day would be a...

This guy is STILL lying. Shouldn't he do himself and his family a favor and just shut up? http://news.yahoo.com/s/ap/20090630/ap_on_re_us/us_sc_governor COLUMBIA, S.C. – South Carolina Gov. Mark Sanford admitted Tuesday that he saw his Argentine mistress more times than previously...

I suppose this is about the specific instance of the mechanics of the current bubble. The source of bubbles in general though, seems to be loose monetary policy and the mal-investment it causes. The specifics of particular mal-investments, whether internet stocks, subprime mortgages, or...

Thanks for info. I see where you are coming from. However, I am still not sure about the causal linkage. For instance, the easy credit and low interest rates created liquidity that was searching for return. It happened to find it's outlet this time in the subprime market. But the...

So the smart ones figured he was cheating, but it was ok as long as they were reaping the profits from it? hmmm...

Not sure about that - isn't that the "post-hoc ergo propter hoc" logic fallacy - "after this, therefore because of this" - a false attribution of causality? By that logic, the repeal of Glass-Steagall could be attributed as the cause the subprime meltdown - letting banks become casinos again...

Saw Mitch McConnell on Fox - he refused to answer Brett Baier's question on what he thought of Mark Sanford's behavior and what it means to the GOP. The guy is politically radioactive. Reports are that the bartender at Guido's Bar in Argentina says they were making hot and heavy while...