Thursday, January 7, 2010
Sweet deal for banks a secret..............
The controversy surrounding Treasury Secretary Tim Geithner's role in the 2008 Wall Street bailouts was ramped up Thursday with the revelation of emails that show the New York Federal Reserve -- then run by Geithner -- pressured insurance giant AIG to withhold information about payments the company made to its creditors. Rep. Darrell Issa (R-CA) obtained emails between AIG employees showing that the company had planned to disclose in its filings to the SEC that it had paid 100 cents on the dollar to creditors like Goldman Sachs and other banks, but "the New York Fed crossed out the reference," Bloomberg News reports...Link
Ron Paul Endorses John Dennis for Congress.
LAKE JACKSON, Texas--(BUSINESS WIRE)--Congressman Ron Paul today endorsed John Dennis in his Republican bid for United States Congress. Mr. Dennis, a successful entrepreneur and longtime liberty-minded GOP activist, is running to unseat Nancy Pelosi in California’s 8th district. “John Dennis is truly committed to Liberty, personal freedom, fiscal discipline and a more sensible foreign policy. I am very happy that John has decided to run for Congress and wholeheartedly endorse him.” Said Dr. Paul, “John Dennis is truly committed to Liberty, personal freedom, fiscal discipline and a more sensible foreign policy. I am very happy that John has decided to run for Congress and wholeheartedly endorse him.”...Link
Get Well Artie.......................
Troubled comic Artie Lange landed in the hospital after stabbing himself nine times in an apparent suicide attempt, sources told The Post. Lange's frantic mom called 911 Saturday morning after she entered his Hoboken apartment and found the bloodied funnyman, a law-enforcement source said. Lange sustained six "hesitation wounds" and three deep plunges. A source close to Lange's management team confirmed that the Howard Stern sidekick stabbed himself, adding that his mother had come to visit him that day to drop off food. Surgeons managed to save Lange despite heavy bleeding. "We all have our demons," Stern said on-air this week, referring to Lange's past battles with addiction. "Artie has given this show tremendous moments of great comedy. He's a tremendous contributor. He is a good man. Don't forget how great he is."...Link
Obama Reneges on Health Care Transparency.
(CBS)President Obama wants the final negotiations on health care reform - a reconciliation of the House and Senate versions of the bill - put on a fast track, even if that means breaking an explicit campaign promise. "The House and Senate plan to put together the final health care reform bill behind closed doors according to an agreement by top Democrats," House Speaker Nanci Pelosi said today at the White House. The White House is on board with that, too, reports CBS News political correspondent Chip Reid. Press Secretary Robert Gibbs stressed today that "the president wants to get a bill to his desk as quickly as possible." During the campaign, though, candidate Obama regularly promised something different - to broadcast all such negotiations on C-SPAN, putting the entire process of pounding out health care reform out in the open. (That promise applied to the now-completed processing of forging House and Senate bills, too.)...Link
Don't worry, we have your Bailout.
The federal government said Wednesday that it will take majority control of troubled auto lender GMAC and provide an additional $3.8 billion in aid to the company, which has been unable to raise from private investors the money it needs to staunch its losses. The Treasury Department has said for months that GMAC would need more federal money, but the decision to increase the government's ownership stake came as a surprise, cutting against the grain of the Obama administration's recent efforts to wind down its bailout of large banks...Link
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