White House: Obama Sees ‘Emperor’ Label As ‘Badge Of Honor’ Reporters grill Press Secretary, ask if Obama sees himself as ‘King’Steve Watson Prisonplanet.com November 20, 2014 In a remarkable exchange, White House Press Secretary Josh Earnest told gathered reporters Wednesday that President Obama looks upon being criticised as an ‘emperor’ as “a badge of honor”. Responding to a question regarding Republican criticism of Obama’s executive amnesty plans, Earnest said “We’ve heard this rhetoric for some time.” “Their most recent statement referred to ‘Emperor Obama,’” Earnest said, adding “The fact is the president is somebody who is willing to examine the law, review the law and use every element of that law to make progress for the American people and that’s a criticism the president wears with badge of honor.” Obama is set to announce the extremely controversial executive agenda tonight, then he will travel to Las Vegas in an attempt to garner support for the measure. “Absolutely,” Earnest replied. “Not a king, either?” Sen. Print this page.
Must-see morning clip: Jon Stewart ridicules ex-AIG head for being a cry baby Because there aren’t enough angering events in the world, Jon Stewart would like to call your attention to former AIG Chairman and CEO Hank Greenberg, who is suing the government because he’s unhappy with the terms of the generous $184.6 billion bail-out AIG received during the financial crisis. This lawsuit is analogous to, as Stewart put it, receiving CPR and complaining about your savior’s bad breath. In exchange for the bailout, the government gained a 92 percent stake in the flailing company — which Greenberg argues is too much (despite its valuation of only $15 billion, as Stewart discovers). Essentially, “Your legal argument is, ‘Wahhh! It’s not fair!” To make his point, Stewart then performed a one-man show about how normal people apply for a loan.
The Inside Story Of Matt Taibbi's Departure From First Look Media Matt Taibbi, who joined First Look Media just seven months ago, left the company on Tuesday. His departure—which he describes as a refusal to accept a work reassignment, and the company describes as a resignation—was the culmination of months of contentious disputes with First Look founder Pierre Omidyar, chief operating officer Randy Ching, and president John Temple over the structure and management of Racket, the digital magazine Taibbi was hired to create. Those disputes were exacerbated by a recent complaint from a Racket employee about Taibbi’s behavior as a manager. The departure of the popular former Rolling Stone writer is a serious setback for First Look in its first year of operations. One year later, First Look still has only one such magazine, The Intercept. Omidyar has publicly and privately pledged multiple times that First Look will never interfere with the stories produced by its journalists. That letter led to lengthy and often heated discussions. Photo: Richard Renaldi
John Cusack: Henry Kissinger is Mass Murdering Globalist Scum! Are Crisis Actors Being Used In Ebola Scare? Special Report CDC Confirms Ebola Can Spread Like The Flu George Noory Goes Off On Obama's Ebola Response How To Prime Your Natural Defenses To Fight Ebola American Politics Are Dominated By Racism Obama Tells Voters To Commit Fraud Musician Arrested For Playing Protest Song Iconic Hacker Reveals How He Hacked Nixon Hotline Are GMOs to Blame For Kids Bowel Disease? Australia Close Borders While Obama Invites Ebola in Google Doodle Celebrates Cancer-Causing Vaccine Busted: Released Ebola Nurse Works for CDC Victory! Will Obama Ship Ebola Into The U.S.? Gov't Has Pushed Race Politics To Control The People Legendary Hacker Leaks Government Plan To Take Over Internet Another Nail In The GMO Coffin Gov't Has Become A Competition Of Corruption Progressives: The New Gods Steve Quayle: Ebola is An Aerosolized Weapon Drug Convicted Illegal Who Killed 2 Deputies Deported Twice Why Are Florida’s Political Elite Afraid of This Man? U.S.
Prosecuting Wall Street Two whistleblowers offer a rare window into the root causes of the subprime mortgage meltdown. Eileen Foster, a former senior executive at Countrywide Financial, and Richard Bowen, a former vice president at Citigroup, tell Steve Kroft the companies ignored their repeated warnings about defective, even fraudulent mortgages. The result, experts say, was a cascading wave of mortgage defaults for which virtually no high-ranking Wall Street executives have been prosecuted. The following is a script of "Prosecuting Wall Street" which aired on Dec. 4, 2011. It's been three years since the financial crisis crippled the American economy, and much to the consternation of the general public and the demonstrators on Wall Street, there has not been a single prosecution of a high-ranking Wall Street executive or major financial firm even though fraud and financial misrepresentations played a significant role in the meltdown. Behind the financial crisis: A fraud investigator talks Eileen Foster: Yes.
Matt Taibbi - Taibblog - Fareed Zakaria's Manifesto Deep down we all have a Puritan belief that unless they suffer a good dose of pain, they will not truly repent. In fact, there has been much pain, especially in the financial industry, where tens of thousands of jobs, at all levels, have been lost. But fundamentally, markets are not about morality. They are large, complex systems, and if things get stable enough, they move on.via Zakaria: A Capitalist Manifesto | Newsweek Business | Newsweek.com. From a distance I’ve always vaguely admired the skills of Newsweek’s Fareed Zakaria, who is maybe this country’s preeminent propagandist. Wheras most writers grow up dreaming of using their talents to stir up the passions, to inflame and amuse and inspire, Zakaria shoots for the opposite effect, taking controversial and explosive topics and trying to help rattled readers somehow navigate their way through them to yawns, lower heart rates, and states of benign unconcern. Gosh it sucks that the crisis happened, but it’s not as bad as people say.
Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required Photo ARNOLDS PARK, Iowa — For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away — until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000. The agents did not accuse Ms. “How can this happen?” The federal government does. Using a law designed to catch drug traffickers, racketeers and terrorists by tracking their cash, the government has gone after run-of-the-mill business owners and wage earners without so much as an allegation that they have committed serious crimes. “They’re going after people who are really not criminals,” said David Smith, a former federal prosecutor who is now a forfeiture expert and lawyer in Virginia. The I.R.S. is one of several federal agencies that pursue such cases and then refer them to the Justice Department. Ms. In May 2012, the bank branch Ms.
One percent’s rental nightmare: How Wall Street scheme blew up in its face I’ve followed the Wall Street rental scheme for some time. You know the basics by now: Big Money investors decided to buy up all the foreclosed properties their pals at the banks created during the financial crisis, and rent them out to many of the same people who lost their homes. Then, they started selling securities backed by the rental revenue, just like the mortgage-backed securities from the crisis. Profiting off their own failure: It was Wall Street’s perfect plan. There was just one problem: turns out that institutional investors have no idea how to manage rental properties. That has become clear through a series of new statistics from early investors, who regarded themselves as the trailblazers of a hot new asset class. As of May 31, the vacancy rate for the homes in 2014-SFR1 stood at 7.3 percent, a 33 percent increase over the previous month. Word is getting around in these communities about the pitfalls of renting from Invitation Homes, leading renters to seek other options.
Matt Taibbi @ Rolling Stone Thank You, Rolling Stone | BLOG ENTRY Today is my last day at Rolling Stone. As of this week, I’m leaving to work for First Look Media, the new organization that’s already home to reporters like Glenn Greenwald, Jeremy Scahill and Laura Poitras. I’ll have... February 20, 2014 10:35 AM ET Ex-Morgan Stanley Chief Jams Foot in Mouth, Complains of CEO Abuse | BLOG ENTRY There's a ton of interesting stuff going on in the Wall Street sphere of late – I'm trying to find some time to do a proper write-up of the extraordinary lawsuit just filed by the Better Markets... Democrats Must Stop Ted Cruz's Hollywood Ending | BLOG ENTRY Having lived in the former Soviet Union for 10 years, I will forever have plastered to the back of my cerebellum the commemorative bumper sticker: "WWSD?"
City Stealing From Citizens By Tampering With Traffic Lights, page 1 originally posted by: smithjustinb a reply to: Swills It is despicable that the people were milked in this way. But it is an equally despicable concept that taxes should be higher for people who make more and lower for people who make less. America is a capitalist nation. Not a socialist one. So in your idiotic world, where the rich, who made their way out of "fast food", they should not have to suffer a financial burden for breaking the law? That was the entire point. If you never made it "out of fast food" $100 will make you starve this week. Your imagined society doesnt even make sense. The entire point of fines is to impose financial hardship on the person. The only way to be equal any other way is to raise the fine so high that the ultra rich are pained, even though the lower classes cant pay $1,000,000 parking tickets. In a free society, money doesnt buy special treatment with the law. Every person I have ever met with any type of actual money spoke exactly like you.