Beltway Chatter: Tim Geithner’s (*Paulson’s) plan;Obama Budget and AIG ‘bonus shock and awe’ campaign, TOTUS Spring Tour Continues ..

Krugman gives the Treasury toxic asset plan two thumbs down, he didn’t like it when Hank Paulson tried to sell it many moons ago with TARP One, neither did we, LOL…Billions later we are laughing with the tears of a taxpaying clown….

The Geithner plan has now been leaked in detail. It’s exactly the plan that was widely analyzed — and found wanting — a couple of weeks ago. The zombie ideas have won. The Obama administration is now completely wedded to the idea that there’s nothing fundamentally wrong with the financial system —

Treasury has decided that what we have is nothing but a confidence problem, which it proposes to cure by creating massive moral hazard. … And I fear that when the plan fails, as it almost surely will, the administration will have shot its bolt: it won’t be able to come back to Congress for a plan that might actually work.

Krugman  on further review of the plan:

Why was I so quick to condemn the Geithner plan? Because it’s not new; it’s just another version of an idea that keeps coming up and keeps being refuted. It’s basically a thinly disguised version of the same plan Henry Paulson announced way back in September.

Krugman today on the plan.

Sen. Gregg confirms CBO is right, (ironic no?) and says Obama Budget will bankrupt us:

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March 22, 2009. Tags: , , , , , , , , , , , , , , , . Economy, Finance, Motown, Music, Obama Administration, Politics, TARP, Taxes, Wall St. Comments off.

Memo to Thomas Friedman and Media Elites: Admit You Were Wrong….

This is a test of the Emergency Ranting System, this is only a test..

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March 22, 2009. Tags: , , , . Music, Obama Administration, Politics, Popular Culture. 2 comments.

TSCC: Derek’s last words to Jesse

Vodpod videos no longer available.

courtesy of schumnader

…another clip from the show Terminator: The Sarah Connor Chronicles. The part where Derek confronts Jesse and in the end well,,,you know the end or are (sic) about to find out. Disclaimer: These Videos Belong to FOX

more about “TSCC Derek’s last words to Jesse“, posted with vodpod

March 22, 2009. Tags: , , , , . Entertainment, Fantasy, Popular Culture, Sci Fi. Comments off.

BSGcast LIVE: 4.22 “Daybreak Part 2” Panel Review

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March 22, 2009. Tags: , , . Battlestar Galactica, BSG, Caprica, Entertainment, Fantasy, Popular Culture, Sci Fi. 1 comment.

Welcome to the Machine: Team Obama goes after ALL Executive Pay…

As MM said two weeks ago, first they came for AIG…..She was right, again…

This is a trial balloon that MUST BE SHOT DOWN IMMEDIATELY

CALL YOUR CRITTERS, TELL THEM TO JUST SAY NO TO SOCIALISM, NO REGULATION OF EXECUTIVE PAY, that is for shareholders

NYT (ugh):

The Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said…

…The administration has been considering increased oversight of executive pay for some time, but the issue was heightened in recent days as public fury over bonuses spilled into the regulatory effort. The officials said that the administration was still debating the details of its plan, including how broadly it should be applied and how far it could go beyond simple reporting requirements. Depending on the outcome of the discussions, the administration could seek to put the changes into effect through regulations rather than through legislation….

…The new rules will cover all financial institutions, including those not now covered by any pay rules because they are not receiving federal bailout money. Officials say the rules could also be applied more broadly to publicly traded companies, which already report about some executive pay practices to the Securities and Exchange Commission….

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March 22, 2009. Tags: , , , , , , , , , , , , , , , . Finance, Music, Obama Administration, Politics, Popular Culture, TARP, Taxes, Uncategorized, Wall St. Comments off.

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