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November 01, 2011

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narciso

Kind of fairly weak tea, TM, Cain's response was a little more troubling, but somewhat understandable:

http://online.wsj.com/article/SB10001424052970204394804577010290848096330.html?mod=rss_Politics_And_Policy

narciso

The story already bores, this is more interesting;

http://pjmedia.com/richardfernandez/2011/10/31/the-pound-of-flesh/#comment-180832

narciso

But here's another tidbit:


http://bigjournalism.com/pjsalvatore/2011/11/01/raising-cain-wheres-politicos-scoop/

Janet

Politico throws a stink bomb & it does damage. Do the details & explanations make it through the MFM noise machine for the non-news junkies?
Like this Axelrod lie on CNN....or Obama saying the Republicans were blocking his jobs bill.
What do non-news junkies think?
Republicans are blocking bills.
Obama doesn't have anything to do with lobbyists.
Cain is sketchy.

Captain Hate

Thanks for linking Wretchard's article, narc; a fellow moron @ AoS did likewise.

In Bret Stephens' WSJ article "Why Islamists Are Winning" is this gem: '"I am not in the least bit worried about the Muslim Brotherhoods in Jordan or Egypt hijacking the future" confided NYT columnist Tom Friedman.' Maybe Flathead has ingested too much lead while licking the boots of his Chinese overlords.

narciso

Except for Podesta, Donilon, both Johnsons, (like in Die Hard), Gorelick, that's about right, sarc.

rse

I think Andrew Klavan's "What Leftism Does to People" is marvelous. PLease do not miss comments. LUN

Back to describing the attempts at stealth tyranny. I suppose that's why the whole primacy of the individual in our history and under our Constitution has become so precious.

Captain Hate

What about the child porn on Ben Smith's laptop? WHERE'S THE OUTRAGE FOR THE CHILRENS??????

narciso

Like Lando's deal, it came with a promise, lol;

http://www.miamiherald.com/2011/10/31/2477189/the-marco-rubio-story.html

donald

If you've met Herman Cain, you know that this is complete MSM character assassination bullshit and Tom Maguire's snarky piling on is disappointing.

I won't even go down the road of "so this is what ya got?" and compare it to the utter depravity of many members of the democratic party. But I can if anybody wants me to

donald

So I think a better term would have been "manufactured debacle".

Captain Hate

"Ahhh did not have sekshul relations with that woman, Miss Lewinsky" while shaking that bony finger at the camera like a lying white trash son of the town whore. IT'S ONLY SEX, MAGUIRE!!!! A LITTLE CONSISTENCY PLEASE?

Danube of Thought

Minus 21 at Raz today.

Jim

We already had eight years with a serial rapist in the white house, a "lion" who killed a young woman serving in the senate for almost 47 years and the grand wizard of the kkk in congress for almost 60 years. What could be worse? The lsm and party that tolerated, supported and venerated these clowns can't complain about anything.

As long as it doesn't come out that Cain was a community organizer sometime in his life, nothing else should hurt him.

narciso

Irony, is when Scarborough, asks to pass judgement on Cain's office staff,

Army of Davids

Looks like Cain comes through this stronger.

DebinNC

Romney has some definite strengths. One is the way he handles the press on his terms, not theirs. Herman Cain is charismatic, approachable, and spontaneous, which we see now can have its downside.

Captain Hate

O/T Is it true that idiot Gruden called last night's game the worst loss in Norv's career? LOL; he obviously doesn't remember some of the tank jobs that pock-necked Norval pulled as the Skins head coach. STFU Chuckie.

Danube of Thought

The event itself--even if it occurred--doesn't trouble me one bit. What does trouble me is the way he and his team have responded. The man has to be much more precise in the way he chooses his words.

Sue

Why did Cain make the claim of not knowing what they paid at least one of the women? I watched Greta last night and he knew at the time, not later in the day after asking as someone tried to say yesterday.

donald

I think he should look in the camera and tell anybody who's pushing or buying into any of this to go fuck themselves.

That's a 10 point bump in the polls right there. Minimum.

Sue

I've gone from Romney leaked to Obama leaked. Another green energy company is about to go under. If you wanted to deflect attention away from your crappy green energy policy, what better way than to consume the news cycle with allegations of sex?

Clarice

CH--About that Moslem Brotherhood:http://pjmedia.com/tatler/2011/11/01/egyptian-moslem-brotherhood-sets-itself-up-for-election-gains/

Sue

Really donald? You want someone who you want as president to tell us to go eff ourselves?

What if the story was about Huntsman? Would we be so willing to say go eff yourself?

Army of Davids

Cain Train delayed. Not derailed.

DebinNC

NY Post July 5:
President Obama is desperately putting his Wall Street stock in an unlikely old buddy. ...Corzine, the former governor of New Jersey who was blasted out of office by Republican Chris Christie in 2009, has attended secret meetings with the president and has been working on Obama's 2012 campaign for months, The Post has learned. The Democrat, who now leads Manhattan-based brokerage MF Global, has been tasked with scraping up the very little banking-industry support Obama can still get.
...........................................
The Cain story just happened to break at the same time as the Corzine debacle.

Army of Davids

Smearing VP potentials Cain and Rubio is important to the Social Justice crowd.

Planting a story about a racist Perry's hunting lodge is standard operating procedure.

We are still over a year out and this will be the nastiest campaign we've seen in our lifetime. Voter fraud?

Sue

I thought Cain was running for president, not vice president.

Army of Davids

Remember how brutal the media was in going after Palin?

What I want to know is... How much of this goes right to Obama?

I think it's more than people know.

DebinNC

Obama's WH schedule is blank today, as it was most of yesterday. It's as if he didn't want to detract from what he knew would be the news of the day.

Sue

Someone at American Thinker writes a story that maybe it wasn't democrats that leaked but republicans! One of the comments left says aha! Rove knew that Politico had been sitting on this story for 10 days, how did he know that, uh, huh! Proof positive Rove or republicans did it? Or, it could just be proof positive the person who commented doesn't actually read what Rove reads. From the original Politico story:

In a series of comments over the past 10 days, Cain and his campaign repeatedly declined to respond directly about whether he ever faced allegations of sexual harassment at the restaurant association.
DebinNC

The Examiner's Tim Carney has committed the unpardonable sin - messing with Pride and Prejudice:

Republicans are Charlotte Lucas and Mitt Romney is Mr. Collins.

Ignatz

de·ba·cle
   [dey-bah-kuhl, -bak-uhl]
noun
1.
a general breakup or dispersion; sudden downfall or rout: The revolution ended in a debacle.
2.
a complete collapse or failure.
3.
a breaking up of ice in a river.
4.
a violent rush of waters or ice.

When Cain's poll numbers plummet from one of these contretemps then it might be considered a debacle.
Until then, not so much.

Porchlight

Elizabeth Bennet is Sarah Palin and Mr. Darcy is...nope, I'm not seeing it.

Charlotte does settle for Mr. Collins, it is true. But he is not forced upon her. It's the best match she could have made - there really aren't any other choices for her.

We still have other choices - sort of.

Appalled

The only way the Cain story has legs is if one of the women involved is willing to go public. They haven't yet.

Cain's handling of the story has been perplexing, but the the way he has tended to handle his campaign has been perplexing. I think he's one of those guys who trusts his instincts over everything else, because that has worked for him throughout his career. Thats going to result in some odd actions from time to time (or even a whole lot of the time). Frankly, I think that means he's not going to be the Vice Presidential candidate either -- but we shall see.

As for the charges -- basically, the accusers have to do better, and name a settlement amount, before they gain much credibility.

Ignatz

That was a great link to Wretchard, narciso.
What he describes is a direct result of the boneheaded strategy of fighting terrorists on their own turf and own terms.
Until the state sponsors of terrorism, without which it dries up to nothing of consequence, pay a very dear price for the sponsoring of their surrogates against us the world will continue to devolve into tribalist squabbles and the chaos that accompanies it.

narciso

No, another piece of fiction, from Perfidious Albion comes to mind, Michael Dobb's 'House of Cards', it's only a question of who's Francis Urquart, in this scenario,

Appalled

By the way, the LUN is a much bigger story, and is going to have legs. Corzine, the good Democrat, bet on government. And lost.

Ranger

Appalled,

It just takes one sentence to sum it up:

It [MF Global] sought bankruptcy protection after revealing that it had a £4bn exposure to eurozone sovereign debt.

And, on top of being stupid, by trusting the technocrats in Europe so sort everything out, they then tried to cover their mistakes by looting investors funds to keep themselves going through the crisis...

So, basically Democratic standard practice through and through.

narciso

Is there a reason, why zombie films and other fiction are so popular;

Investors from mutual fund manager Franklin Resources Inc. to teacher retirement plan manager TIAA-CREF purchased $325 million of 6.75 percent senior unsecured debt, according to data compiled by Bloomberg. The bonds, due in 2016, dropped 2.5 cents to 47.5 cents on the dollar in trading yesterday after the New York-based brokerage sought court protection.

Melinda Romanoff

Ranger-

I disagree. Taking last Thursday's market move as an indicator of a hedge fund's trades being unwound, the demise of MF Global came with the announcement of the sham "Greek debt resolution" put out by the EU superconference last Wednesday night. They were short EU debt, accurately but with shallow pockets, and the EU lies blew them up.

Slim vindication for having the trade right.

Appalled

TM:

Are you dong endorsements yet?

I guess if Huntsman had decided not to run as the "Let's see if I can win primaries by telling Republicans they are evil and stupid" candidate, he would have been a lot more attractive. Romney has intelligence, poise, money, a sound press strategy (thanks for the link DoT), and perhaps one or two sound unvarying principles.

Perry comes across as unprepared and mean. What a coupling! Gingrich is...um...Gingrich. And the rest of them deserve to be dismissed as the rest of them.

OK -- you may start shooting at me .... now!

Ranger

They were short EU debt, accurately but with shallow pockets, and the EU lies blew them up.

Hmmmm... very interesting. You would think with all the budget games Corzine played in NJ, he would have realized the ability of the EUcrats to game the system for a little longer.

narciso

Scott Pelley, it really is 'duck season'

http://dailyrushbo.com/rush-white-house-gave-scott-pelley-a-script-on-asking-obama-if-ss-checks-will-go-out/

Threadkiller

I remember when Sue wanted Perry to get "pissed off".

I guess we have to take Donald literally, but Sue, not so much.

Benjamin Franklin

As I've said, the assumption is that Cain is a serious candidate. He
just hired a smokin' manager, and has little campaign organization beyond that. But, he does have a new book. Many are finding this is the cheapest way to advertise that commodity.

Thomas Collins

I'm glad that a GOP foreign policy debate is coming up soon. We'll see whether Cain is a serious candidate by how he performs in that debate. If he is unprepared to bone up enough to pass the talking point test on foreign policy, it's better we know that now.

Threadkiller

If only he were a black candidate, that wrote a book, and did the smoking himself.

Sue

I remember when Sue wanted Perry to get "pissed off".

Right. And by pissed off I meant for Perry to look in the camera and say eff you.

jimmyk

They were short EU debt, accurately but with shallow pockets, and the EU lies blew them up.

Mel, that sounds like a Hail Mary effort to stay alive. Even I know that no matter how right you may be, timing is everything for a short like that, and you have to be able to withstand a move in the other direction. No sympathy.

The markets' reactions to these "agreements" remind me of the big moves up in '08 and '09 every time some deal was reached, whether it was TARP or (believe it or not) the appointment of Geithner.

Benjamin Franklin


The inevitable legal shoe drops....

http://articles.cnn.com/2011-10-31/middleeast/world_meast_unesco-palestinian-membership_1_united-nations-educational-cultural-organization-palestinian-bid?_s=PM:MIDDLEEAST

narciso

'How I doing,' not good Ed, we saw some promising signs with the Turner endorsement,
but old habits die hard;


http://theothermccain.com/2011/10/31/ed-koch-writes-around-the-topic-of-corruption-with-the-skill-of-a-neurosurgeon/

Thomas Collins

Yes, BFF, how could Cain be considered a serious candidate when he attended Rev. "Chickens Come Home To Roost" Wright's church for so long, and was helped in his political beginnings by a terrorist who is the son of a member of the privileged elite. . . . Oh, that wasn't Cain, that was the guy who became POTUS. Never mind.

Cain is lucky all they have on him is some complaints about his gestures in the 90s. If there were as much as a video of him at the same Starbucks with a terrorist such as Ayres, his campaign would never recover.

Jim Ryan

Who would want Cain to be too busy to prepare for this debate? And is Rove a Gingrich man?

Melinda Romanoff

jimmy-

Corzine allowed a hedge fund to be built inside MF, with very light $$ backing. I believe the trade has been on for a while, just another variation of "long and wrong". Smart people with no money can convince themselves that they are doing "the right thing" all the time.

And it almost always leads to the same place.

MayBee

As I've said, the assumption is that Cain is a serious candidate. He
just hired a smokin' manager, and has little campaign organization beyond that. But, he does have a new book. Many are finding this is the cheapest way to advertise that commodity.

If you look at how Obama made his millions, that's a pretty interesting comment.

Benjamin Franklin

You sound bitter, TC. TK also suggested Obama wasn't a serious candidate. For all his faults, Obama had a campaign strategy and was successful. How is that not serious?

I remember the reverse logic of "If nominated i will not run. If elected, I shall not serve"

Here's another book writer who disappointed her true believers.

"We just wanted everyone to know that Governor Palin tried really hard to call into the Grizzly Fest Summit today. Unfortunately, there is an issue with Blog Talk Radio that we didn’t know about previously. Alaskans cannot get through to Blog Talk Radio shows (which is the format we used for Grizzly Fest) using the normal line that those of us in the lower-48 use. Due to technical difficulties, Governor Palin was unable to join us but it wasn’t for lack of trying. As I said, she did try and for a long time I might add. Please note that we were able to talk to Chuck Heath Jr. in Alaska because we called him."

http://conservatives4palin.com/2011/10/governor-palin-tried-to-call-into-grizzly-fest.html

glasater

From all the reading of the MF Global debacle, I still don't understand how they got the bad rating. How did that one start?

Danube of Thought

Perry comes across as unprepared and mean

Concur. Americans don't elect as president people who appear to be snarling.

Threadkiller

Obama in Nov 2007 trailed Clinton. Cain in 2011, leads the pack.

Experience counts.

Thomas Collins

Far from being bitter, BFF, I am Obama's most stalwart defender in the MetroWest suburbs of Boston, Massachusetts. When those who voted for Obama complain about him now, I point out to them that Obama has acted as POTUS as could have been reasonably expected by anyone who made the least bit of effort to go beyond the mainstream media's fawning adulation of him in 2008. This comment gets me dirty looks and blah blah responses such as how Obama has messed up on this and that, but hardly qualifies me as being bitter. If I didn't think Obama's policies were not in the best interests of the United States, I'd be rather enjoying myself now at the efforts of some of my friends to justify their worship of Obama in 2008.

Melinda Romanoff

glasater-

When the revolving credit line was tapped out, the ratings companies piled on. Tuesday of last week, I believe.

Old Lurker

Speaking of Corzine's MFG: "Its single biggest unsecured creditor is JPMorgan Chase Bank, NA, which bought more than $1.2 billion in bonds."

Captain Hate

I read at AoS that Hillary's mother died earlier today; condolences to her if true.

Benjamin Franklin

Glad to hear it, TC. I wouldn't want to lose you to cynicism.

matt

We had the front door open for Trick or Treaters last night and unfortunately, one of them got an earful when Rivers dropped the ball. Luckily we get the teenagers at that hour and I think I will be forgiven due to the nature of the snafu.

The sooner Turner and the Spanos family are disassociated with the team the better. They seem to have a will to fritter away the talent and heart of the team.

After the massive smear campaign against Palin one must consider Cain's lynching in a similar manner. Shooting from the hip is going to get distorted and twisted into pretzels by the scum who pass as reporters.

One may not agree with Cain, but we must recognize that in a herd of midgets he offers an agenda that resonates with many.

The comments regarding community organizers, black racists, KKK'ers, and murders should all be taken into account when considering a Republican alternative.

Romney is the ultimate insider and will only continue the oligarchic predations of the ruling class. Perry would seem to be unqualified, and Newt, well, he's a thinker but his personal life is a mess. Where does that leave us?

Thomas Collins

BFF noted:

"For all his faults, Obama had a campaign strategy and was successful."

Star Parker agrees with you, BFF. I attended a speech she gave at UMass Amherst in 2009. After detailing her disagreements with Obama's policies, she said Obama was very disciplined as a campaigner.

Sue

Perry would seem to be unqualified

I don't get this. I realize people don't like him, but how could he be unqualified? He has been a governor for the last 12 years. He at least should be qualified.

Sue

Why is the Cain story being compared to what was done to Palin? There is at least some truth in the Cain story. Palin was vilified for breathing.

Sue

Personally, if I were a Palinista, I would be pissed off at the comparison between what is being done to Cain (reporting a factual occurrence) and what was done to her (reporting lies as the truth).

Melinda Romanoff

OL-

Reduced to $100 million by Friday, as I understand it. Collateral call on Thursday fixed that little #.

Sue

Also, if I were a Cain supporter, I'd be thankful this story got out now and not when it would have done real damage. Which is why I said, tongue in cheek, that maybe Cain leaked it.

Janet

If only he were a black candidate, that wrote a book, and did the smoking himself.

Wonderful, TK.

Benjamin Franklin


You were expecting......an insistence on accountability?

lol


http://www.nytimes.com/2011/10/30/business/a-foreclosure-settlement-that-wouldnt-sting.html


"Cutting to the chase: if you thought this was the deal that would hold banks accountable for filing phony documents in courts, foreclosing without showing they had the legal right to do so and generally running roughshod over anyone who opposed them, you are likely to be disappointed.

This may not qualify as a shock. Accountability has been mostly A.W.O.L. in the aftermath of the 2008 financial crisis. A handful of state attorneys general became so troubled by the direction this deal was taking that they dropped out of the talks. Officials from Delaware, New York, Massachusetts and Nevada feared that the settlement would preclude further investigations, and would wind up being a gift to the banks.

It looks as if they were right to worry. As things stand, the settlement, said to total about $25 billion, would cost banks very little in actual cash — $3.5 billion to $5 billion. A dozen or so financial companies would contribute that money.

The rest — an estimated $20 billion — would consist of credits to banks that agree to reduce a predetermined dollar amount of principal owed on mortgages that they own or service for private investors. How many credits would accrue to a bank is unclear, but the amount would be based on a formula agreed to by the negotiators. A bank that writes down a second lien, for example, would receive a different amount from one that writes down a first lien."

narciso

Plus, Cain knew at least in broad strokes, what was coming down the pike,he could have called their bluff. allegations against her, were often deranged (yet carried by Politico,)
and often contradictory, as with that senseless murder of innocent trees, by McGuinness.

Rick Ballard

Democrat Governor Corzine stole clients money in order to meet a JPM margin call on their investment banker suicide vest?

That wasn't very nice.

Cecil Turner

The country is well into a serious fiscal crisis (the entitlement one, not the downturn that catalyzed it). It's not time to replace a completely incompetent Executive with one that's a "little less bad," or that needs extensive OJT.

Concur with [practically] all TM's points. Is Cain really the best we can do? I sure hope not.

Melinda Romanoff

Wall Street exec motto, on the way to the lifeboats: "ME FIRST!"

Captain Hate

Personally, if I were a Palinista, I would be pissed off at the comparison between what is being done to Cain (reporting a factual occurrence) and what was done to her (reporting lies as the truth).

I'm still a big Palin fan and I think you're making a distinction without a difference. In both cases the MFM is using snarky underhanded attempts to discredit a candidate on personal issues rather than address ways they would differ from El JEFe. Meanwhile Toonces is being praised for being free of tobacco as if it was a positive jobs report.

Benjamin Franklin

"if I were a Palinista, I would be pissed off"

Well. I am livid over the comparison between Cain and Obama...

lol

Sue

Capt'n,

I don't think I am. I think there is a huge difference in having to defend yourself against lies and having to defend yourself against truths. Personally, Cain needed to address this before he became the nominee. If he hadn't, and this had come out, say next October, what then? Another Bush DUI surprise?

Benjamin Franklin

"Democrat Governor Corzine stole clients money in order to meet a JPM margin call on their investment banker suicide vest?

That wasn't very nice."

Let him suffer the ignominious punishment to be handed out to the
other thieves....

"SLAP !!!'-- 'Oweee'...

Clarice

I agree with matt.

narciso

Gretchen does have a gift for understatement, 'this may not come as a shock' as to the value of the deal:


Still, a mountain of troubled mortgages would not be covered by this deal. Borrowers with loans held by Fannie Mae and Freddie Mac would be excluded, for example. Only loans that the banks hold on their books or that they service for investors would be involved.

One of the oddest terms is that the banks would give $1,500 to any borrower who lost his or her home to foreclosure since September 2008. For people whose foreclosures were done properly, this would be a windfall. For those wrongfully evicted, it would be pathetic. Roughly $1.5 billion in cash is expected to go into this pot.

Old Lurker

Interesting, Mel.

Will be even more interesting if the BK judge allows a late posting of collateral to a previously unsecured creditor to stand (if they truly were unsecured). Claws pulling backwards can be sharp when so many zeros are involved. Happy days are here again for a whole buch of $1000/hr lawyers I suspect.

Benjamin Franklin

What'll it be...guns or peanut butter?

http://money.cnn.com/2011/10/31/markets/peanut_butter_prices/index.htm?hpt=hp_t1

"Kraft (KFT, Fortune 500) will raise prices for its Planters brand peanut butter by 40% starting Monday, while ConAgra (CAG, Fortune 500) has instituted increases of more than 20% for its Peter Pan brand that went into effect this month.".

Threadkiller

Yeah, I forgot the DUI surprise cost Bush the election.

Captain Hate

I think there is a huge difference in having to defend yourself against lies and having to defend yourself against truths.

What is the truth? I'm telling you as forcefully as I can that this is a very large plate of nothing, just like the majority of things the MFM skewers conservatives on while libs get a pass. I'm as convinced as possible that Cain did nothing that any of us other males haven't done at the work place yet some delusional bints viewed it as a way to line their pockets and were sent packing with severance checks. If he was really guilty of something, the NRA would have taken actions either against him or to try to rehabilitate his image; none of that happened. And if it had happened he either wouldn't be a candidate or would have to really do some explaining.

You've made it clear that you don't like Cain, which is fine; but I think you're letting your views of him influence what is really going on here.

MayBee

For all his faults, Obama had a campaign strategy and was successful. How is that not serious?

For President, ok.
For every other election his strategy was to eliminate the competition via legal wrangling and smears.
The one for which he did not do that, he lost (to Bobby Rush).

Cecil Turner

Here's the part I find objectionable:

Shaun Donovan, secretary of Housing and Urban Development, said the settlement, which is still being worked out, would hold banks accountable. “We continue to make progress toward the key goals of the settlement, which are to establish strong protections for homeowners in the way their loans are serviced across every type of loan and to ensure real relief for homeowners, including the most substantial principal writedown that has occurred throughout this crisis.”
I'm all for proper procedures and all, but does an imperfect paperwork trail preclude a bank from foreclosing on a mortgage holder who refuses to (or can't) make payments? And why a principal writedown? And do either of these measures do anything other than prolong the perturbations to the housing market? And, if so, how is that a good thing?

Threadkiller

Narciso, what are you quoting from. Re "gretchen".

Threadkiller

Cecil, I have missed a link. Would you repost something on the mortgage topic?

Jim Rhoads a/k/a vnjagvet

The article Ben linked at 11:48, TK.

Sue

Capt'n,

My feelings for Cain do influence how I feel about what is happening. I have not changed my mind, one way or the other. I still don't think he is our best option to beat Obama.

Sue

I also said yesterday that this story was over, once Cain addressed it. Apparently I was wrong. Rush is still talking about it.

Appalled

Threadkiller:

Yeah, I forgot the DUI surprise cost Bush the election.

It cost him the popular vote victory -- a not unimportant thing. It would have cost him the election, had the folks in Palm Beach not developed an accidental affection for Pat Buchanan.

glasater

Heh-

Democrat Governor Corzine stole clients money in order to meet a JPM margin call on their investment banker suicide vest?

That wasn't very nice.

'Ya but' he was going to put it back when he made all that money shorting Europe.

narciso

Morgenstern, wrote the piece on the settlement, TK, I would suggest that was still Obama's M.O, in the last campaign, Maybee, only McCain wasn't worthy of the full
treatment, but Palin did,

Benjamin Franklin

Not to speak ill of the dead, but David Broder is turning in his grave over this bit from Richard Cohen... :=((


http://www.washingtonpost.com/opinions/wall-street-is-still-playing-us-for-suckers/2011/10/31/gIQA3NGQaM_print.html

"I do not want to be excessively harsh on dear Citigroup. It was not the only one selling smoke. Goldman Sachs and JPMorgan did something similar. In the words of Jesse Eisinger of the online journalistic group ProPublica, “This was the Wall Street business model.” And it was a model permitted and encouraged from the top, by people who became filthy rich from filthy practices and now take umbrage when President Obama calls out their industry for approbation. They should first spend a year in community service and then, if they still feel slighted, denounce Obama.

As for Obama’s government, it has been too gentle with these miscreants. Why not a single major banker has been cuffed and frog-marched to some Financial District Guantanamo is unclear. Why their firms have gotten off with modest fines and non-confession confessions is not clear, either. That, in itself, is a crime.

Somebody has to break this culture. In this sense, Wall Street is no different than the New York Police Department, where it apparently has been customary to fix traffic tickets for friends, family and — almost certainly — the odd person with some cash. When 16 of the alleged ticket-fixers were arraigned last week, hundreds of off-duty cops came to cheer them, denounce the DA and manhandle reporters. Their union took a firm position in defending this behavior. An appalled city awaits firm action by the mayor and police commissioner."

Captain Hate

Is Cain really the best we can do? I sure hope not.

I don't know. I'm not exactly enamored with the choices we have in front of us but the donks at this time 4 years ago had a field which included Chris Dodd, Silky Pony and Kucinich. And look what we ended up with.

I think your quarrel is with Duke & Duke and why they don't do more to make the process more one that people can enter and still live a reasonably satisfying life. To be sure, there are only so many things they can do but I don't think they've been at all effective in managing things they have some control over.

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