Corrente

AIG:

House Oversight Committee Chairman Henry Waxman, D-Calif., unveiled documents showing AIG executives hid the full extent of the firm's risky financial products from auditors, both outside and inside the firm, as losses mounted.

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I'd like to watch, but then I do need to clean my kitchen floor....

On the other hand, I'd hate to miss anything:

Like McCain suddenly sprouting bat wings.

Or the Spirit, like a dove descending (John 1:32), alighting on Obama's shoulder.

You never know! Read below the fold...

As Obama likes to call it. Because if a downturn happens when you want to retire, what do you do? Assuming thieving brokers haven't eaten your money, of course. AP: Read below the fold...

Why does MSNBC call Bill Ayers “Willie”? (County Fair, Media Matters for America)
Earlier today, MSNBC ran this chyron:

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If Hillary Clinton or Sarah Palin have ties to some scary people you should be afraid, very afraid. You need to parse every word they have ever uttered to ensure that they are not using dog whistles. You need to monitor evangelicals for words of praise for either Hillary or Sarah, because if a scary person says something nice about either of them it is proof--proof!--that those two scary women want to incorporate a dangerous religious doctrine into the public sphere. Read below the fold...

In yesterday's post, I went into some of the initial detail on a statement given by Thomas Muthee in the infamous sermon where he "annointed" Sarah Palin and also claimed to literally run a traditional religious practitioner out of his home base.

Muthee's statement referred to a popular concept in Joel's Army circles--the concept of the "seven mountains", that is, seven pillars of society that these groups see as a major priority for takeover "by hook or by crook". (Of note, Palin was actually used as an example for the takeover of "government".) Read below the fold...

Single-payer folks still determined

Conyers spoke to me that evening about how he thinks a national health care plan is inevitable - because every other plan has led the country into dead ends. Click here to listen to the interview.

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In massive amounts. See also Bloomberg:

The Federal Reserve will create a special fund to purchase U.S. commercial paper after the credit crunch threatened to cut off a key source of funding for corporations.

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It's lethal:

Now studies are finding that the insults can have health consequences, especially if people mutely accept the attitudes behind them, said Becca Levy, an associate professor of epidemiology and psychology at Yale University, who studies the health effects of such messages on elderly people.

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As you all undoubtedly know, they're having a big debate in town tonight. It's mostly a closed affair. They didn't invite me, nor anyone else out of the one million residents of the greater Nashville area save for a handful of "uncommitted voters". Read below the fold...

(Posted here in comments).

What's the old saw about locking the barn door after the horse is gone?

Look, he's got the gig. He won it fair and square, with a corporatist, neo-liberal agenda (sans the "liberal" part) and rhetoric that constantly throws progressives under the bus and gives wide berth to Reagan's "party of ideas." He gamed the caucuses, the superdelegates, the rules committee, and -- lest we forget -- what used to be the progressive blogosphere. And he demonized his intraparty opponent, trivializing the vital issue of race in the bargain (and leveraging misogyny and Drudgian talking points). A progressive hero like that comes only once in a generation, so why quibble? Read below the fold...

After reading this on LIBOR by Bloomberg:

The cost of borrowing in dollars overnight in London jumped ..

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Froomkin -- who I read a lot less than I should, simply because I already know that things are worse than I could possibly imagine -- has a fine summary on that little turd Bush's role in turning the credit crunch into a credit crisis:

It's too early to say how much success President Bush's $700 billion bailout will have in restoring stability to the financial markets. (So far, not so good.)

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If an elite hands away the country's sovreignty to the WTO so that the country's citizens can't get health care (and then they, er, die) then what good is the elite? From a nice roundup by Stoller today: Read below the fold...

Thrills and chills in the world of commercial paper and Credit Default Swaps, no fnool. Tremendous stuff. Give it a listen with your morning caffeine.

I wish I could figure out how to donate to Ira and punish Cokie!

NOTE I forget where I ran into this link, otherwise I'd give a hat tip. Read below the fold...