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Obama, Goldman Sachs, and Reform? »

Goldman Sachs has been in the news a bit lately, and with good reason. As Larry Doyle has detailed, the SEC filed a civil suit against Goldman Sachs last week for fraud. Obama is trying to use this recent lawsuit as a way to increase restrictions against Wall Street. And as this LA Times article [...]

How Tim Geithner Screwed the American Taxpayer »

Tim Geithner blinked and screwed the American taxpayer out of billions of dollars in the process. How so? Geithner and his cronies in Washington have misrepresented–if not outright lied–about the payments to both domestic and foreign banks in settling exposures to then failing AIG. While politicians and pundits alike will reference the precarious nature of [...]

Is Goldman Sachs CEO Lloyd Blankfein a Liar? »

On Tuesday, I wrote “Just How Sorry Is Goldman Sachs?” in response to a blanket, unspecified, and unsolicited apology put forth by Goldman Sachs CEO Lloyd Blankfein. In my commentary, I asserted: Wait a second. Blankfein admits that Goldman participated in activities that led to the crisis? Get Lloyd back in here and ask him [...]

Elliot Spitzer versus Jim Cramer »

I got bored with fast-forwarding through Hannity last night who devoted an unbelievable 45 minutes (!) to the Miss California non-news story, so I checked out Rachel Maddow. Her guest? The always compelling Eliot Spitzer, whose recent remarks to CNN’s Fareed Zakaria were covered at No Quarter in two posts, the last of which was [...]

Leave Them Singing »

This is my last post for a couple of weeks. I thought of writing up this sad story from Baghdad, “Six Gay Men Shot Dead By Tribe Members,” but I just couldn’t do it. It is a brief article, if you want to read it, and sad, needless to say, especially since the men were [...]

[Fox News Video Updates] Rep. Thaddeus McCotter Fights For His State’s Auto Industry and Workers »

This man (who rocks, really) is hitting the nation’s air waves non-stop today to fight for his state and its primary industry, essential not just for the economy and jobs but also — critically so — for our national security. Today, Rep. Thaddeus McCotter (R-MI) is on Cavuto, Fox Business, David Shuster, Lou Dobbs, and [...]

South Park: The AIG Bailout Told Violently »

Editor’s Note: Eat your eggs before you watch this video. South Park silences the brains of the most ponderous characters in the United States Treasury. September 15 and 16 2008 come to this. The Republic was as headless as a chicken. Is it better today? AIG is the answer.

The Identical Plutocrat Pigs Who Destroyed the Economy Are Eating at OUR Trough Again [Updated] »

The plutocrat pigs are at our trough again, thanks to one Timothy Geithner and one Lawrence Summers. Well, if you have seen my posts featuring interviews or columns by Princeton’s Paul Krugman, Nobel Laureate in Economics, you know Geithner’s “toxic assets plan,” announced Monday under Geithner’s, not Obama’s name, is designed to 1) Avoid any [...]

“The Way to Hell …” »

From Reuters: Geithner’s global dilemma Mar. 25 – U.S. Treasury Secretary Timothy Geithner caused a ruckus in foreign exchange markets after conflicting comments on the dollar’s role as the world’s reserve currency. His comments follow a growing European backlash against parts the Obama administration’s economic revival strategy. Speakers: Mirek Topolanek, prime minister, Czech Republic; Meg [...]

A dead rose by any other name still stinks….. »

Using the AIG rendition of the social idiot who shows up at the party wearing a plastic groucho nose, eyebrows and glasses prop, AIG tore down their headquarters sign this weekend and unceremoniously, if not surreptitiously, changed their company name to AIU–although IOU seems to be a more appropriate name. No kidding. You can’ make [...]

Criminals: Wall Street vs. Main Street »

Can you imagine the scenario in my toon actually happening? It seems ludicrous beyond words. The police would probably make a quick stop at the nearest mental facility just to assess how delusional this dumb sap is before booking him for robbery. And yet it is exactly parallel to what is happening at AIG.

LAVA Hot! Dodd’s Wife “Former Director of Bermuda-Based IPC Holdings, an AIG Controlled Company” »

h/t Truthteller for spotting this muy caliente story about Senator Christopher Dodd (D-Conn.) — now forever infamous for his Day One: “I didn’t touch the Wyden/Snowe amendment”; Day Two: “I altered the amendment in the bill, but I’m not being inconsistent in my truthiness” — and his Mormon wife, Jackie Clegg Dodd, also an aide [...]

Class, Required Overnight Reading on “Toxic Assets”and A.I.G. by Spitzer »

Warning: There’s a pop quiz at 5 p.m. Monday on the material + Geithner’s announcement. Here is the full interview by CNN’s Fareed Zakaria of Eliot Spitzer, the former governor and attorney general of New York who prosecuted A.I.G. as A.G., an action, reports SwampPolitics [Tribune papers] blog, “that led to a $1.4 billion settlement [...]

[MAJOR Video UPDATE] Lava Hot! Judd Gregg and Eliot Spitzer’s Damning Condemnations of Obama’s Faux Stimulus Plan »

MAJOR VIDEO UPDATE: BELOW the fold, the FULL interview by Fareed Zakaria of Eliot Spitzer. Foreword: Special thanks go to my dear friend Truthteller who introduced me to the incendiary phrase, “Lava hot!” Let’s face facts: Obama does not have a plan for the economy. There IS NO PLAN. That’s because he doesn’t do the [...]

[UPDATE: I'm Floored] Explosive: AIG will dispense more bonuses »

UPDATE: Given the few comments this story has received, I guess that everyone here at No Quarter is mostly alright with AIG’s executives receiving two more rounds in millions of dollars of bonuses on July 15th and September 15th. Okay. You’re not presuming they won’t get those bonuses, are you? Or that Congress can pass [...]