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Archive for July 14th, 2008

By- Suzie-Q @ 7:05 PM MST

Iglesias: Ashcroft pushed out for wiretap opposition
Raw Story- Stephen C. Webster
Published: Monday July 14, 2008
In an interview with the Dallas Morning News, former U.S. Attorney David Iglesias, who was at the epicenter of the recent U.S. attorneys scandal, claims that former Attorney General John Ashcroft was “pushed out” for his [...]

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Evening Jukebox… Bad Moon Rising

By- Suzie-Q @ 7:00 PM MST

CCR- Bad Moon Rising

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Fresh Fears of Wamu and National City Going Under..

GEF @ 9:00 PM ET

WaMu and National City plummet
Shares of the two troubled banks each plunge about 30% as investors fear the possibility of more bank failures.
By David Goldman, CNNMoney.com staff writer
NEW YORK (CNNMoney.com) — Shares of Washington Mutual and National City both plunged Monday as fears grew about the credit crisis plaguing big banks.
Both [...]

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Panic “Bank Runs” Hits IndyMac

GEF @ 6:20 PM ET

IndyMac depositors line up for cash after seizure
By Gina Keating
PASADENA, California (Reuters) – Hundreds of worried IndyMac Bancorp Inc customers descended on the company’s branches on Monday to withdraw their money, after regulators seized what was once one of the largest mortgage lenders in the United States.
Regulators took over the Pasadena-based [...]

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The New Yorker’s Obama Cover Is Bad Satire

by Bob Cesca @ 6:16 PM (EST)

Among our ever growing roster of things to hate and fear, Islamic terrorists are probably the most hated and certainly the most feared. For the better part of this decade, the stated goal of America has been to hunt down and bring terrorists to justice (torture and kill them). [...]

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By- Suzie-Q @ 12:00 PM MST

Despite Aversion To Golfing During The War, Bush Will Attend A McCain Golf Fundraiser Hosted By His Parents
Think Progress- By Amanda at 11:36 am
In May, President Bush revealed that he had given up playing golf because of the Iraq war. “I think playing golf during a war just sends the [...]

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Bush Lifts Ban On Offshore Oil Drilling

By- Suzie-Q @ 9:45 AM MST

Bush lifts his father’s ban on offshore oil drilling
Think Progress- By Satyam at 11:08 am
Just one month after John McCain flip-flopped and called for lifting the ban on offshore oil drilling, President Bush will announce later today that he too will flip-flop and “lift an executive ban on offshore drilling [...]

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FDIC Down 10%…Banks Really Nervous!!

GEF @ 12:05 PM EDT

Crisis Deepens as Big Bank Fails
IndyMac Seized In Largest Bust In Two Decades
By DAMIAN PALETTA and DAVID ENRICH

IndyMac Bank, a prolific mortgage specialist that helped fuel the housing boom, was seized Friday by federal regulators, in the third-largest bank failure in U.S. history.
IndyMac is the biggest mortgage lender to [...]

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Mukasey: Bush’s New ‘Mr. Cover-up’

Sudhan @11:30 CET

Robert Parry | Consortiumnews.com, July 10, 2008
Even Sen. Charles Schumer, whose vote last year ensured Michael Mukasey’s confirmation as Attorney General, was left sputtering as Mukasey returned the favor by rebuffing Schumer’s concerns about the Bush administration’s political prosecutions.
At the end of his round of Senate Judiciary Committee questions, Schumer referred to allegations [...]

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