Archive for October 5th, 2008


Obama puts on the brass knuckles. McCain and the Keating Five bank scandal



Keating Economics
: John McCain and the makings of a financial scandal goes live Monday Noon EDT with a 13 minute video about John McCain role’s in the Keating Five bank scandal. (This video is a 35 second teaser.)

AmericaBlog

Remember, the Keating Five isn’t just another scandal, it’s a financial scandal in which John McCain and 4 other Senators did favors for big banker friends who then brought down 1,000 US banks. Sound familiar? And McCain did this at the age of 54. He was no spring chicken. By the age of 54, your ethics are pretty well established.

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Madeleine Albright smacks McCain and Palin upside the head

She accuses both of them of distorting the truth - which is precisely what they did - then endorses Obama-Biden.

HuffPo

At a rally on Saturday, Sarah Palin offered an argument for supporting the GOP ticket. “There’s a place in Hell reserved for women who don’t support other women,” the Alaska Governor said, claiming she was quoting Madeleine Albright.

Albright responded to Palin’s remarks in a statement to the Huffington Post today: “Though I am flattered that Governor Palin has chosen to cite me as a source of wisdom, what I said had nothing to do with politics. This is yet another example of McCain and Palin distorting the truth, and all the more reason to remember that this campaign is not about gender, it is about which candidate has an agenda that will improve the lives of all Americans, including women. The truth is, if you care about the status of women in our society and in our troubled economy, the best choice by far is Obama-Biden.”

Email from a reader

Weird times.
Palin spoke at the Carson center [in southern California] last weekend.
She was introduced by Shelly Mandel, the president of the LA chapter of NOW.
Who said that Palin stands for women’s rights.
Sure.
The right of a woman to marry a man.
The right of a woman to carry a fetus to term whether or not she wants to, even if that fetus is the product of rape or incest or if the fetus has an incurable painful fatal disease.
The right of a woman to lie and manipulate to become vice president.
I’m not concerned about Obama associating with an educator who used to be a radical.
I am concerned that we are a nation ruled by ignorant idiots.

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Did JP Morgan Chase kill Lehman with tacit ok from the feds?


There is no honor among thieves

The Big Picture says, could be. Bloomberg and the Sunday Times agree and are running investigative stories about JP Morgan deliberately withholding funds from Lehman, forcing their collapse.

Bloomberg is a bit circumspect, while the Sunday Times pointblank says “JP Morgan ‘brought down’ Lehman Brothers”

JP Morgan has been accused by its Wall Street rivals of dealing the final hammer blow that forced Lehman Brothers into collapse in a sensational claim that threatens to spark a colossal legal battle.

The giant American bank is alleged to have frozen $17 billion (£9.6 billion) of cash and securities belonging to Lehman on the Friday night before its failure.

And did JPM Chase then transfer $138 billion of garbage to Lehman while getting a stealth infusion of $138 billion from the Fed?

It is highly likely [or a certainty on my planet] that J.P. Morgan was INSOLVENT and was ‘BAILED OUT’ last Monday, September 15, to the tune of 138 billion dollars. This would explain why the Fed and Treasury dictated that Lehman fail – to disguise or otherwise obfuscate the recapitalization of or illicit transfer of 138 billion to A MUCH SICKER, TEETERING ENTITY, J.P. Morgan Chase.”

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Bluegrass legend Ralph Stanley endorses Obama

“After the last eight years, I believe we all need a change… I think we could use a leader that’s on our side.”

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Obama and Bill Ayers

NY Times

[In 1996] at a luncheon meeting about school reform in a Chicago skyscraper, Barack Obama met Ayers, by then an education professor. Their paths have crossed sporadically since then, at a coffee Ayers hosted for Obama’s first run for office, on the schools project and a charitable board, and in casual encounters as Hyde Park neighbors.

A review of records of the schools project and interviews with a dozen people who know both men, suggest that Obama, 47, has played down his contacts with Ayers, 63. But the two men do not appear to have been close. Nor has Obama ever expressed sympathy for the radical views and actions of Ayers, whom he has called “somebody who engaged in detestable acts 40 years ago, when I was 8.”

Obama campaign aides said the Ayers relationship had been greatly exaggerated by opponents to smear the candidate.

Bill Ayers is still an educator. Back in the 60’s, he and his wife Bernardine Dohrn were in the Weather Underground and participated in a number of bombings, among other crimes.

They spent ten years underground, then finally surfaced, and turned themselves into the FBI. All federal charges against them were eventually dropped because of prosecutorial misconduct. In his book Fugitive Days, Ayers says the FBI committed so many crimes trying to catch them that they couldn’t use any of the evidence in court.

Violence as a political tactic seems pointless to me, as well as being ethically and morally compromised. It terrifies noncombatants, enrages the other side, and accomplishes little politically. In fact, it usually has the opposite effect, it drives people away from a political viewpoint, rather than attracting them to it. Setting off a bomb in the Pentagon to protest the violence of the Vietnam War is in and of itself violent. The message is contradictory, to put it mildly.

The Bill Ayers of today does not appear to be the Bill Ayers of 40 years ago. Nor is Obama’s relationship to him anything but slight. It is ludicrous overreaching to attempt to manipulate and exploit this tenuous connection for political gain.  By the same flawed logic, the current Mayor Daley of Chicago has also been consorting with a terrorist:

Ayers worked with Chicago Mayor Richard M. Daley in shaping the city’s school reform program and was one of three co-authors of the Chicago Annenberg Challenge grant proposal that in 1995 won $49.2 million over five years for public school reform.

Bill Ayers blogs at billayers.wordpress.com.

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