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You mean to tell me...

Am I and about 40k of my readers and America to understand that Obamacare will pass? You mean to tell me that after all the polls that state that America does not want this bill, Obamacare will pass? You mean to tell me that after all the Townhall meetings that America told their elected officals that they don't want Obamacare will pass? You mean to tell me that day after day and week after week of Tea Parties stating they don't want this bill, Obamacare will pass? You mean to tell me that Speaker Nancy Pelosi (D-Calif.) is asking all female Democratic Members to attend a hastily called meeting Wednesday morning to agree with Obamacare and that Obamacare will pass? Tou mean to tell me that House Speaker Nancy Pelosi , still shoring up support for Obamacare that America has been vocal about not passing and Obamacare will pass? You mean to tell me that Rep. John Larson, the chairman of the House Democratic Caucus, said he thinks Democrats already have the votes needed to pass ...

Timmy Must Be Fired, Or Obama Must Be Impeached

The Jenner and Block report on Lehman just keeps on giving. Today I am going to focus on FRBNY's culpability in the apparent Lehman fraud - that is, the role that FRBNY (and thus Tim Geithner) played in keeping an insolvent institution afloat through the use of fraudulent artifices. We must look first to what the PDCF, or "primary dealer credit facility" was created to be. The report does this for us: Under the PDCF, the FRBNY would make collateralized loans to broker ‐ dealers, such as LBI, and in effect, act as a repo counterparty. Unlike a typical counterparty, though, with the creation of the PDCF, the FRBNY was generally understood by market participants to be the “lender of last resort to the broker ‐ dealers.” 5332 Reflecting the fact that broker ‐ dealer liquidity had become increasingly dependent on overnight repos to obtain short ‐ term secured financing, 5333 the PDCF was structured as an overnight facility. Pursuant to the F...

Sunday News Show Preview

• NBC's Meet the Press: Gov. Haley Barbour (R-MS), Gov. Ed Rendell (D-PA), NYT's David Brooks, WaPo's E.J. Dionne, MSNBC's Rachel Maddow, Republican strategist Ed Gillespie and NBC's Tom Brokaw • CBS' Face the Nation: Sen. Jack Reed (D-RI), Sen. Lindsey Graham (R-SC), Rep. Ike Skelton (D-MO), Rep. Debbie Wasserman Schultz (D-FL) and Republican political consultant Ed Rollins • ABC's This Week: DNC Chairman Tim Kaine, RNC Chairman Michael Steele and a roundtable with Democratic strategist Donna Brazile, Republican Pollster and Consultant Frank Luntz and ABC's Sam Donaldson, Cokie Roberts and George Will • Fox News Sunday: Rep. Chris Van Hollen (D-MD), Rep. Mike Pence (R-IN) and a panel with Fox's Brit Hume, Fox/NPR's Mara Liasson, Fox/Weekly Standard's Bill Kristol, Fox/New York Post's Kirsten Powers • CNN's State of the Union: Virginia Governor-Elect Bob McDonnell (R), Republican pollster Bill McInturff, Democratic pollster Peter Hart...