Code Pink Protests Larry Summers at Economic Club Speech…AP says Hillary was right about something (has anyone checked the sky for pigs in flight?)

BWAAAAHAAAAAAA!! Seems Larry’s Hedge Fund payouts did not go unnoticed by Code Pink Parade:

The protestors seem to think Larry is holding TOTUS back, they are yelling he should resign to give Obama a chance, BWAAAHAA!

From VoiceofAmericans2008:

April 9, 2009
Lawrence Summers
Economic Club of Washington

In other through the looking glass news, Drudge actually links to Breitbart picking up an AP yes AP piece noting Hillary said TOTUS would have days like this, pirates, missle launches, you know…3 am stuff…

WASHINGTON (AP) – Hillary Clinton said there would be days—and nights—like this.For the second time in four days and with less than three months in office, President Barack Obama has received the “3 a.m. phone call” that Clinton warned about. In their bitter presidential contest, Clinton suggested that her young rival was not ready for a national security crisis.

His tests are coming early: first from the borderline rogue government in North Korea, then from stateless bandits preying on shipping lanes off the East African coast.

A song for Hillary who told us there’d be days like this:

Created by Dseagle50 and The Shirelles

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April 9, 2009. Tags: , , , , , , , , , , , , . Cabinet, Economy, Finance, Motown, Music, Obama Administration, Politics, Popular Culture, TARP, Taxes, Uncategorized, Wall St. 1 comment.

Update: Rick Wagoner pushed out of GM….

Update: Monday 9:00am: Market futures down…Dow 187

TOTUS to announce Auto Plan at 11:00am EST…they let Bob Nardelli keep his job can you believe that? the WOTS is that Chrysler will be filing a prepackaged bankruptcy of some sort…Nardelli was the poster child for ceo pay when he left Home Depot after mere months with mondo millions and tanked that stock before Cerberus gave him the Chrysler gig…

It’s a Hard Knock Life Baby, make that JEEP shine like the top of the Chrysler Building!!!(or Nardellis head!), I wonder if someone will cover my JEEP warranty?!

________________

Wow!!! This man WAS GM the past few years, he was widely viewed as the leader of the Big 3, which isn’t really fiar since Ford’s Alan Mulally is the man who pulled a miracle and kept FORD out of this Pandora’s Box that Government Help has become…

So TOTUS is announcing Rattner’s Plan manyana, and Wagoner gets dumped on Sunday night? Oh man the bond holders must be screwed…which would mean American business is screwed IMO if they screw tr

he debt holders….breaking contracts and all…I mean who is in charge of GM now? Not Rattner surely..I said dont call me shirely….lol

Courtesy of voxpopulai:

Possibly the greatest of the Brill Building classics. Someone put this up awhile back but it disappeared, so here it is again. Robert Goulet was just goofing around but Steve Allen put down rock and roll every chance he could. Well, he’s gone now and Mary Weiss is still singing. So there.

CNBC:

General Motors Chairman and CEO Rick Wagoner is stepping down as head of the embattled automaker CNBC has learned Sunday.

Wagoner’s resignation comes as the company awaits president Barack Obama’s reports on efforts to save GM and Chrysler

It is unclear if Wagoner’s resignation is one of the stipulations for the federal government to lend billions more to GM. But sources close to the talks say tough conditions will be attached to any future aid.

President Obama will update the public on the Treasury Department’s next step in helping GM and Chrysler on Monday afternoon.

A senior White House official did not deny to CNBC that the Obama administration influenced Wagoner’s departure.

Asked if the administration forced him out, the senior official replied, “‘forced’ is a little strong.”

Wagoner has served as CEO since 2000. Under his leadership, GM has steadily lost market share in North America while becoming the dominant automaker in China, where it is currently number one


March 29, 2009. Tags: , , , , , , , , , , , , , , , , , , , . Big 3, Doo Wop, Economy, Entertainment, Motown, Music, Obama Administration, Politics, Popular Culture, Uncategorized, Wall St. 2 comments.

Market Mover Friday: Bank CEOs at the WH…

If Mohammed wont go to the Mountain….yada yada yada..The big financial CEOs have been summoned to the WH…

I hope Jamie Dimon just says NO and gives back the TARP money…of course Jamie thinks TOTUS is the best thing since sliced bread so let’s see him manage to balance that against the wealth destroying policies TOTUS is laying on these guys…

Here’s a song for the bank CEOs, Lloyd Blankfein (Golden Slacks) is probably worried he will come out replaced by a pod person…I know I’m worried about it…HA!

Let the armtwisting begin!!

President Obama will quiz top U.S. bankers Friday about developments in the economy and their businesses as his administration seeks broader authority to regulate the financial system.

…Obama, who will pitch his plans to combat global recession and reform regulation at next week’s G20 meeting of major economies, is set to host leaders of the biggest U.S. financial institutions at the White House around noon EDT….

…Senior White House officials said Friday’s meeting would not be a sales job by the president, however, who has walked a fine line with bankers–chastising them for taking big bonuses while encouraging them to increase lending to help turn the economy around.

…Officials said about 15 CEOs were expected to attend, including chief executives from JPMorgan Chase Goldman Sachs and Citigroup…

March 27, 2009. Tags: , , , , , , , , , , , , , , , , , . CITI, citigroup, Economy, FDIC, Film, Finance, Motown, Music, Obama Administration, Politics, Popular Culture, TARP, Taxes, Uncategorized, Wall St. 2 comments.

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.

Twofer Tuesday: Market Turmoil- Nowhere to Run to Baby/Runaway

Where does an investor go?

Defensive plays are under attack.. Healthcare? NOPE, Team Obama there; Energy? NOPE, Team Obama there too; Defense? NOPE cutting that in budget

Financials? BWAAAHAA; Dividend Paying? Dividends? what dividends? besides TAX MAN COMETH THIS OCTOBER on that one..Cash? when the FED is forced to monetize our Treasuries as foreign buyers balk that will devalue the US dollar, which has been defying all odds to stay up….at times like this I am glad I grew up in the 70s in NYC, verrry thrifty are Mr MiM and I, and we have lived through Carter so it won’t be a culture shock for us….but oh the younger generation are in for a rude awakening IMO….and I still like KO for a play (good old Coca-Cola…) and am still buying GOLD on dips.

NOWHERE TO RUN TO BABY, NOWHERE TO HIDE!!!

Del Shannon Runaway (Crime Story Opening Theme) great song, great show

and the GREAT DEL SHANNON LIVE with the solo in the original keyboard form…

Martha and the Vandellas courtesy of Hello3691

Crime Story intro courtesy of Tmeq

Del interview and live clip courtesy of  UnpleasantChuck:

The great Del Shannon, with Burton Cummings on piano.

March 3, 2009. Tags: , , , , , . Doo Wop, Economy, Entertainment, Motown, Music, Obama Administration, Politics, Popular Culture, Uncategorized, Wall St. Comments off.

Miracle Mel Does it Again: Liberty gives XM Sirius a Bridge Loan…

and as a shareholder may I say RIGHT ON MEL!!!! Stick it to Charlie Ergen good!!!

BWAAAHAAAAAAA Sirius lives another day and Echostar can kiss Mel’s butt!

OOPS HE DID IT AGAIN!!!! Thanks to John Malone too, we used to be Liberty Media shareholders too lol

John Malone’s Liberty Media is offering Sirius XM a bridge loan of several hundred million dollars to help the nearly insolvent satellite-radio company pay off debt that matures Tuesday, The Post has learned.

According to a source close to the situation, the loan is part of a two-step approach that Liberty wants to take as it looks to bail out Sirius XM, which is struggling to make its debt payment and fend off takeover maneuvers from EchoStar CEO Charlie Ergen.

As part of the plan, Liberty would provide Sirius XM CEO Mel Karmazin enough cash to repay $175 million in debt that Ergen currently holds and is due Tuesday.That then would give Liberty three months to come up with a plan to restructure Sirius XM’s roughly $600 million in debt that comes due in May and in December.

Listen to how arrogant Charlie Ergen was with Mel:

While the gap between what Mr. Ergen has proposed and Sirius has asked for is narrow, the two sides haven’t reached agreement yet on other, nonfinancial issues, these people said. Mr. Ergen is prepared to let Sirius Chief Executive Mel Karmazin keep his job.

Mel is known to pull a Miracle out of his pocket, way to go Mel!!!

Bloomberg: Mel pits Charlie and John in Cage Match:

Mel Karmazin, chief executive of Sirius XM Radio Inc., is pitting two media billionaires in a “cage match” to save the satellite-radio company he formed almost seven months ago.

John Malone and Charlie Ergen would both be absolutely satisfied to put down the other in a public way,” Bishop Cheen, a bond analyst at Wachovia Securities in Charlotte, North Carolina, said in an interview. “They’re natural cage-match contestants. This is media theater at its best.”

Malone and Ergen, both based in Englewood, Colorado, control the largest and second-largest satellite-TV broadcasters respectively and could use Sirius XM’s capacity to integrate radio and TV services, according to Fred Moran, an analyst at Stanford Group. Over the decades, the two men have competed for customers and over acquisitions. In 2003, Ergen, 55, abandoned a bid on DirecTV’s then-parent company, Hughes Electronics Corp.

-snip-

Karmazin, who was president of Viacom Inc. until June 2004, has feuded with Ergen too. Viacom was at the time the owner of the CBS broadcast-TV network, since spun off.

Ergen, who founded EchoStar in 1980, sued Viacom in January 2004, claiming it was breaking antitrust laws by demanding that EchoStar carry less-popular cable networks to continue running the signals of the CBS stations.

During the dispute, resolved later that year, Viacom kept its channels off the Dish network for two days and callers to EchoStar were greeted with a recording that divulged Karmazin’s home telephone number, Mediaweek reported on Oct. 11, 2004.

February 13, 2009. Tags: , , , , , , , , . Disco, Doo Wop, Economy, Entertainment, Finance, Jazz, Motown, Music, Popular Culture, Reggae. Comments off.

Annual VNSA Book Fair: Feb. 14th & 15th …

This is my favorite part of February, the VNSA Book Fair..I drool over books the way some women do designer shoes and jewels, my hubby is a lucky man eh?!?

But come on, who wouldn’t be excited!! check this out:

Members of Teamsters Locals 104 and 752 volunteer their time to move more than 8,000 boxes of books. After a week, the books are ready, organized into 27 major categories.

Mmmmmm Books.....Like a Doughnut to Homer, MiM feels the call of the books: Members of Teamsters Locals 104 and 752 volunteer their time to move more than 8,000 boxes of books. After a week, the books are ready, organized into 27 major categories.

ABOUT VNSA:

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February 8, 2009. Tags: , , , , , , , . Art, Entertainment, Fantasy, Film, Film Noir, Jazz, Motown, Popular Culture, Sci Fi. 2 comments.

Pay to Play in the UK & Our Lordly Senators Prepare to give ‘Duke Daschle’ a Pass…

From MM:

Ask the Bend Over Republicans who pooh-poohed Tim Geithner’s tax goofs where they will stand:

Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
Ensign (R-NV)
Graham (R-SC)
Gregg (R-NH)
Hatch (R-UT)
Shelby (R-AL)
Snowe (R-ME)
Voinovich (R-OH)

202-224-3121.

From HA comments:

“Make no mistake, tax cheaters cheat us all, and the IRS should enforce our laws to the letter. ” Sen. Tom Daschle, Congressional Record, May 7, 1998, p. S4507.

Keemo on February 2, 2009 at 9:03 AM

From the Telegraph:

Lord Truscott is one of four peers said to have offered to help reporters posing as lobbyists for a fictitious Chinese retail firm which wanted to amend a forthcoming law on business rates before setting up in the UK.

During a meeting in a London hotel, Lord Truscott was asked about the procedure for amending a law passing through parliament. He said: “It is… identifying people and obviously following and identifying people to… meeting people, talking with people to facilitate the amendment and making sure the thing is granted.

You see Blago was following the vaunted European Model of the Peerage……but instead of:

‘to facilitate…make sure its granted’  Blago said  ‘the bill is almost signed where’s my fxxxing money?!’

Maybe he should have been all cash up front? Is that a lesson on “How to Sell Legislation for Fun and Profit” that the American politicans missed?

Shall we arrange for an EduLoan jet to fly Daschle over there to get the lesson and bring his new knowledge home? Then we can save time and maybe get a SINGLE thing done for the people. Or is Tom still going to be too busy pushing private student loan lenders up the list or whatever the frak he did for them prior to this meltdown (cause student loans are the next thing to go)…

But don’t fret about Tom, cause he IS a PEER as our crooked pols view it:

“If this were anyone else, I don’t think there would be any question that [the nomination] would not make it out of the committee,” said a top Senate GOP aide, referring to Daschle’s 18 years of Senate service, including stints as both majority and minority leader. “But he’s a former majority leader, which means a lot to these guys.”

Notice that is a GOP aide, they won’t roll on one of their own -fellow Senators regardless of political stripe, eh??

And you think the American people are okay with this after the lectures about responsibility and shame for CEOs and years of mutual sacrifice going forward?

daschle7

And this is the SECOND tax evader you put forward to run policy for our country? Cause he is a ‘friend’ aka supporter who pulled strings to get The One where he needed to be, Daschle opened the doors to the Golden Kingdom…our Treasury of our tax dollars..

People to Team Obama: That is as “Old Style” Politics as it Gets baby

You are coming after our children’s earnings and you want to give this millionaire a pass on his taxes so he can be in a position to make more money off our health?virtue11I call BS..Seems I am having to do that an awful lot for 11 days in office..

See since he was once the LEADER of the Senate Majority, he gets a pass. WTF is that? No No No. Make the calls to your Congress Critters maybe they can frakin PRETEND to give a good G-Damn about the people and equity under the system…

CALL YOUR SENATORS HERE

Cause we do NOT want this guy setting our health care policy, he CLEARLY is untrustworthy. I am sure it will go down just as Lord FancyPants here describes:

“I know some of the MPs and I know all the Tories in the Lords so I have no problem with approaching them, I mean, I think as I said it might be worth having the first bite of the cherry in the Commons… then I think the other thing is identifying who to… who can be approached to put forward amendments at various stages and maybe other bodies to contact. ”

“That comes down to… I think that will be a bit of a mix. You talking to some people, me talking to some people, sometimes both of us talking to people together, to put something through. And also there will probably be a different style maybe in the Commons and in the Lords.

See no wonder there were so many hours of tape with Blago, it takes a lot of calls and a lot of payoffs, these crooked rat frakkers…Blago’s style was more fit for the House of ‘Commons’ I betcha. Unfrakinbelievable all over the damn place…

Daschle evades taxes, Geithner the same. Lobbyists are all over the place even in the Cabinet posts themselves, Conyers wife took a bribe and he is heading the Judiciary Cmte in the House, yet Blago is out in the cold. No wonder he’s pixxed.

Only One Duke gets my attention and in fact an ovation and that’s the Duke of Earl, and you Tom Daschle,  are NO Duke of Earl

more about “Pay to Play in the UK “, posted with vodpod

February 2, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , , . Cabinet, Doo Wop, Economy, Entertainment, Motown, Music, Obama Administration, Politics, Popular Culture. Comments off.

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