Sheila Bair’s Bailout Blame Game

"During the summer of 2011 Sheila Bair stepped down as chairman of the FDIC and set herself to work on a tell-all book on the financial crisis. Bair’s book, Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself, was released in late September. As part of the promotion of the book she had an interview with The Wall Street Journal during which, consistent with her public reputation, she confided that she 'hates bailouts.' However, a careful study of board minutes, supporting memos, and transcripts of FDIC board meetings during the crisis reveals a different reality." Continue reading

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Another Eurozone Country Bites The Dust

"What's unique in the collapsing housing bubble in Cyprus is a title-deed scandal of unimaginable proportions. And it has embroiled waves of foreign buyers. The banks aren't talking. And they aren't writing down their assets to reflect the layers of mortgages that are worthless. Developers are going bust. The money they pocketed has disappeared. Expat homeowners who don't hold title deeds are terrified of losing their homes, even if they paid cash. There are no legal processes in place to resolve this. Estimates of the missing money range from €3 to €6 billion—enough to take down all Cypriot banks." Continue reading

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Ben Affleck Defends TSA ‘Dick Grabbing’

"During a recent appearance on Bill Maher's Real Time, actor Ben Affleck defended the TSA's policy of grabbing people's genitals. Affleck probably isn't too fussed about what the TSA do because he is driven straight to the runway to board his private jet - he doesn't even have to go through TSA security!" Continue reading

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Obama Rep. Schultz on The NDAA and Secret Kill List

"Last night at the presidential debate at Hofstra University, Luke Rudkowski got a chance to talk to Obama's representative congresswomen Debbie Wasserman Schultz in the Spin Room. The Spin room was full of spin as both Obama and Romney representative's dodged questions from WeAreChange after the debates." Continue reading

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Nation Tunes In To See Which Sociopath More Likable This Time

"According to reports, millions of viewers across the country are expected to tune in to tonight’s town-hall-style presidential debate at Hofstra University in order to determine which complete and utter sociopath they find more likable this time around. The debate figures to be especially important for undecided voters, 91 percent of whom said in a pre-debate poll that they were still waiting for one sociopath to win them over with the perfect combination of superficial charm, deluded grandeur, and pathological lying." Continue reading

Continue ReadingNation Tunes In To See Which Sociopath More Likable This Time

Leaked Debate Agreement Shows Both Obama and Romney are Sniveling Cowards

"The 21-page memorandum of understanding that the Obama and Romney campaigns negotiated with the Commission on Presidential Debates establishing the rules governing this month's presidential and vice presidential face-offs shows that both campaigns are terrified at anything even remotely spontaneous happening. They aren't permitted to ask each other questions, propose pledges to each other, or walk outside a 'predesignated area.' And for the town-hall-style debate tomorrow night, the audience members posing questions aren't allowed to ask follow-ups (their mics will be cut off as soon as they get their questions out). Nor will moderator Candy Crowley." Continue reading

Continue ReadingLeaked Debate Agreement Shows Both Obama and Romney are Sniveling Cowards