Update: When law enforcement crosses the line into lawlessness in Maricopa County
Posted by AzBlueMeanie: This is a belated update to an earlier post Maricopa County Detention Officer swipes a document from an attorney's file in court. Maricopa County detention officer Adam Stoddard refused to comply with a lawful order from Maricopa County Superior Court Judge Gary Donahoe to publicly apologize to defense attorney Joanne Cuccia. Judge … Read more
Mexico is Getting Hammered
by Karl Reiner The lack of oversight tied with deregulation allowed the American financial industry to make a big change in how it operated. Over a short time, it switched from managing the allocation of capital to companies to an industry dedicated to making big commissions by flogging increasingly exotic and complex securities to investors … Read more
Ben Bernanke must go
Posted by AzBlueMeanie: I have argued that Ben Bernanke's nomination for a full six year term as Federal Reserve Board chairman currently before the Senate should be withdrawn. I would have much more confidence in Paul Volcker, who previously served in that position. Dean Baker of the Center for Economic and Policy Research makes the case … Read more
Who writes these headlines?
by David Safier Headline in the Star: Patients to pay big in health overhaul Actually, no. Read the article. It says some will pay more — not "pay big," pay more — many will pay less, and high income people (more than $1 million income for a family) and those with very pricey insurance policies … Read more
McCain robo-calls prompt ethics complaint
Posted by AzBlueMeanie: Huffington Post reports McCain Robocalls Prompt Ethics Complaint: Sen. John McCain (R-Ariz.) broke Senate rules when he recorded a robocall touting his amendment to the health care bill, according to a complaint filed with the Senate Ethics Committee by watchdog group Citizens for Responsibility and Ethics in Washington. The National Republican Senatorial … Read more
Sen. Jon Kyl’s quid pro quo with the banks to block any regulatory reforms
Posted by AzBlueMeanie: What a shock (not). Senator Obstruction, Jon Kyl, is behind the Senate opposition to the bankruptcy mortgage "cramdown" provision approved by the House earlier this year but tabled in the Senate, which is being revived in the House House Democrats eye 'cramdown' measure for regulatory reform bill – TheHill.com and in the Senate by … Read more
First part of economic rescue a success; now comes the hard part – jobs
Posted by AzBlueMeanie: The New York Times reports today Audit Finds TARP Program Effective: The independent [Congressional Oversight Panel] that oversees the government’s financial bailout program concluded in a year-end review that, despite flaws and lingering problems, the program “can be credited with stopping an economic panic.” * * * In the latest monthly report … Read more
