Dwarf Tim artwork borrowed from WilliamBanzai7. You can follow him here on Twitter.
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Stacy Summary: Note on previous thread re: second rate internet connectivity, my friend in LA had the dial up because broadband WAS NOT available to her! There were no cables in her neighborhood in LOS ANGELES, the heart of the global media industry. Or at least it was. Anyway, here are some interesting articles relating to Lehman. As we live in a gulag-casino and, so, I know you’re the gambling sort, what odds do you place on Obama actually holding Timmy accountable for his participation in the Lehman fraud?
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Stacy Summary: This is really beyond the point of something to get angry about. Clearly, it is a system that enough Americans tolerate because it is a system in which so many Americans think they can be Timmy’s friend one day. It’s called the American Dream but it sounds like those crazy fantasists that believe they have a close relationship with celebrities. And Timmy’s wishful thinking peasant defenders are like deranged Michael Jackson fans.
Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.
The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford. Another top aide, Lee Sachs, reported more than $3 million in salary and partnership income from Mariner Investment Group, a New York hedge fund.
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Stacy Summary: I’m afraid this has about as much chance of being looked into as Sibel Edmonds’ assertions of treason by Richard Perle and Douglas Feith.
I think it’s time for Congress to look into this cozy arrangement between the people who run the country.
Until that happens, nobody who plays the stock market — and “play” is a good word for it — can be sure that the game isn’t rigged.
Stacy: The markets are rigged?? Sounds like something we said in oh 2007 . . .
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Stacy Summary: Yikes, hopefully this one will post properly. Can’t post Huffington Post stuff anymore as they install code that messes up all the other code on the site! Their code is an invitation for you to visit their site, when I am linking to them anyway! Anyway, your thoughts on this headline? Corporatism? Fascism? Insider trading? Feudalism? What do you call it?
They are a small cadre of businessmen who have known and worked with Geithner for years, whose multibillion-dollar companies all survived the economic crisis with help from U.S. taxpayers.
When they call, Geithner answers. He has spoken with them immediately after hanging up with President Barack Obama and before heading up to Capitol Hill, between phone calls with senators and after talking with the Federal Reserve chairman, according to a review by The Associated Press of seven months of his appointment calendars.
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Stacy Summary: The oligarchs are in the news today. And just as in the case of transfer of power in other corrupt states like post-Soviet Russia, old favorite oligarchs are punished and new favorites are rewarded with a transfer of wealth from the public.
Afternoon updates:
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