Feeds:
Posts
Comments

Archive for February 6th, 2009

Wall Street CEOs, investment bankers charged prostitutes on corporate cards, madam says

Raw Story- John Byrne
Published: Friday February 6, 2009

Investment bankers racked up $100,000s in prostitution charges

Visa, Mastercard or American Express? Or maybe a credit card from JP Morgan Chase?

Wall Street CEOs, lawyers, bankers and media executives chalked up thousands of dollars in prostitution charges on their corporate credit cards — swiping their cards for $2,000 an hour prostitutes, according to a New York madam who pleaded guilty last year.

Kristin Davis, the madam in question, went public to ABC News this week; ABC will be broadcasting her interview Friday at 10 pm. Davis says she has a list of 9,800 clients, many of whom she says New York prosecutors deliberately avoided when taking her case, even though she offered them her annotated client list.

In what’s sure to create a media firestorm parallel to that of when a Washington, DC madam announced that she was publishing her client list (which included at least one senator), Davis’ comments come at a time where incredible ire is already focused on Wall Street and banking executives. The pressure for her to release the list will certainly be immense.

MORE HERE

Read Full Post »


Eurythmics – Would I Lie To You? (Live ’87 Sydney)

Read Full Post »

Wall Street shrugs off January job losses of 598K

Stocks rise as investors look past January jobs data; Senate vote on stimulus looms

  • Friday February 6, 2009, 3:08 pm EST

NEW YORK (AP) — Wall Street extended its gains into a second session Friday, as investors looked past another bleak jobs report and hung their hopes on Washington’s ability to help the economy.

All the major indexes rose more than 2 percent, including the Dow Jones industrial average, which rose more than 200 points.

Investors are awaiting a Senate vote on its version of an economic stimulus plan that would include a mix of spending and tax cuts. A vote on the Senate bill, which stands at $937 billion, could come late Friday. The House already passed a similar version.

Financial stocks led the market higher as investors also awaited the government’s latest revisions to its lifeline for banks. Treasury Secretary Timothy Geithner and other top officials are close to finishing a plan to overhaul the government’s $700 billion financial rescue fund. Geithner is expected to announce the changes in a speech on Monday.

Some investors had been worried that the changes would involve nationalizing many banks and, in the process, wiping out shareholders. Many investors are hoping the plan will relax rules requiring businesses to assign a value to all of their assets each quarter. Advocates say altering the rule even temporarily could make it easier for banks to lend without worrying about depleting their cash reserves and running afoul of accounting standards.

Investors focusing on the government’s plans were unfazed by a terrible employment reading. The Labor Department said U.S. employers slashed 598,000 jobs in January, the most since late 1974. The unemployment rate rose to 7.6 percent, the highest since late 1992.

But investors have been bracing for the wave of layoffs to hit the economy and are now looking for the response from the Obama administration and lawmakers.


(more…)

Read Full Post »

You’ve probably noticed that the debate swirling around the president’s recovery bill has reached new levels of mortal terror and chaos. Even a casual excursion around the liberal tubes and you’ll find posts that read like the worst parts of the Bible. There’s a palpable vibe in many progressive circles that the president is on the brink of an epic fail.

After all, this is one of those do-or-die moments in American history and the panic level is rightly proportional.

But while urgency is appropriate, we’re losing the initiative.

We all have our own ideas about what the recovery bill is supposed to look like. The Republicans are threatening to filibuster, and we can’t trust Harry Reid to stop them. Rush Limbaugh, the very serious leader of the Republican Party and alleged sex tourist, has ordered his dittoheads to blitz the Democrats with angry phone calls. Concurrently, Democrats, liberals and progressives, for all we’ve learned in the last eight years, are losing the framing battle — “stimulus package” sounds like a weird service offered at a porn store and, in that context, a trillion dollar “stimulus package” sounds, you know, painful. Meanwhile, centrist Democrats like Ben Nelson appear to be ransacking the bill. Other Democrats have bugged out of Washington entirely.

We’re looking at fire and brimstone coming down from the skies. Forty years of darkness. The dead rising from the grave! Dogs and cats living together! Mass hysteria!

Come to think of it, some of that Ghostbusters stuff might actually come true if a beefy and expensive recovery bill isn’t passed, and right soon.

So how do we get there?

The first step in getting a handle on all of this mayhem is to understand that this is unprecedented in terms of size, scope and strategy — only rivaled by the New Deal. Then again, for all of the obstacles he faced, FDR didn’t have to negotiate his way through cable news, a hostile press, far-right talk radio, the blogotubes and an army of dittoheads taking their orders from an impotent burnout whose stated goal is the failure of the economy. In other words, while there are very smart economic solutions being pitched by Paul Krugman and others, the price tag, politics, optics, media and discourse are all brand new.

This is massive, this is complicated, this is unlike anything we’ve ever seen.

(more…)

Read Full Post »

Olbermann Special Comment: “It May Be Time For Mr. Cheney To Leave The Country” (VIDEO)

The Huffington Post |  Rachel Weiner   |   February 6, 2009 10:04 AM

MSNBC’s Keith Olbermann did a ten-minute Special Comment Thursday night based on former Vice President Dick Cheney’s warning that a “catastrophic” terrorist attack is on its way. He calls Cheney’s defense of torture and other extreme measures as necessary to keep Americans safe as a “perverse example of wishful nightmare thinking … You, Mr. Cheney, you terrified more Americans than did any terrorist in the last seven years.”

WATCH HERE

Read Full Post »

by betmofeather_angel_wings

president obama channels his inner president lincoln quite frequently- and rightly so. lincoln was an intelligent man faced with a difficult burden- and has been built up into a cult status as well. but, in the end, he was a man- a fellow human being on the planet. and, in his own words,

I do the very best I know how – the very best I can; and I mean to keep on doing so until the end.

“I never had a policy; I have just tried to do my very best each and every day.”

and as i began to read more of his quotes, i wondered precisely how, without completely rewriting history, the republican party could claim lincoln as their own. just because they shared the same party name doesn’t mean that they shared the same value system:

How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn’t make it a leg.

but, i digress…

in the 1860’s, we fought a war of ideologies- north versus south. today, we are facing what amounts to the same thing- north versus south, for if you look at the obstruction going on and the damage done over the last decade, much of it has come from the south. in lincoln’s time, it came down to a bloody war with bullets. he was elected and sworn in much like president obama- citizens hoped for the best and cast their ballot. what they got was ideologues from both sides dividing the country and ripping it apart. we face a similar situation today.

but we have an edge- most folks in this country are sick and tired of the ugly division. they are tired of hearing hate speech and lies. and while it is unfortunate that these people share the same rights decent citizens do, it is america’s legacy. so, what is a decent human being to do in the age of faux noise and hate radio- and apparently, msm who continue to give these yahoos air time?

we can speak the truth.

“I am a firm believer in the people. If given the truth, they can be depended upon to meet any national crisis. The great point is to bring them the real facts.

we can counter the lies and spin and attempts at rewriting history with truth and facts- not just on the blogs but with every person we meet. we must have the courage to stand up and not ignore or be embarrassed- but to speak out. it is our duty as citizens in a somewhat free republic. we have a duty to the world to maintain our freedoms because that is what they look to us to do. we used to be the role model for the world- and while we have feet of clay when it comes to following our own principles- we were looked at as the goal to aspire to. we were inspirational.

it is up to us to shoulder the burden of responsibility that president obama has taken on- it is our country too. and,

“We are not enemies, but friends. We must not be enemies. Though passion may have strained, it must not break our bonds of affection. The mystic chords of memory, stretching from every battlefield and patriot grave to every living heart and hearthstone all over this broad land, will yet swell the chorus of the Union, when again touched, as surely they will be, by the better angels of our nature.”

so, my own thought- lincoln was a closet buddhist 🙂 no, probably not but i will say that my mom heard this quote- which started this post- and tells it to my sister every day (my sister’s job really sucks but guess what? so does the economy so she stays):

“Most folks are as happy as they make up their minds to be

and i believe that to be true. i was unhappy for a long time- and it poured out into my journal and my blogging and into my life where i made others unhappy. as thornie and sherry suggest, positive is contagious. if we want to be the change we seek, we have to start somewhere. let’s start with inspiring others to be inspirational. it just might work 🙂 namaste

Read Full Post »

%d bloggers like this: