Day February 22, 2008

PPT to the rescue

Today was what I think could be counted as a pretty good confirmation of the existence of PPT (plunge protection team) and they way it works. This would be the rumor that Ambac might be bailed out that sent a…

Thug life in Russia

Factions within the siloviki thugocracy that runs Russia, having exhausted the possibilities of looting outsiders, are turning on themselves and using the courts as weapons to jail each other. This from Robert Amsterdam, international defense counsel for jailed oligarch Mikhail…

CT mortgage assistance plan isn’t

A $50 million dollar assistance plan for first-time homeowners in CT who have resetting subprime mortgages has been a dismal failure, with only 25 homeowners getting help to date. A spokesperson for comatose CT Gov. Jodi Rell said “she is…