Thursday, October 22, 2009

Grind the press...

via Bob Cesca:

Let's recap.

Obama administration officials said Fox News Channel "isn't news."

Outrage ensues from everyone including Fox News, Joe Scarborough, Jake Tapper and Dana Perino who referred to it as something "dictators do."


The Bush administration, on the other hand...


-Used reporters to out a CIA agent, then sat by and watched reporters go to jail to protect their sources.

-Paying Armstrong Williams, Michael McManus, and Maggie Gallagher and others for favorable opinions about WH policies or to attack opponents of the WH.

-Planting Jeff Gannon to lob softball questions.

-Fed reporters misinformation about WMD in Iraq, then used those reporters stories as corroborating evidence of the existence of WMD in Iraq.

-treated Helen Thomas like a leper.

-waged a coordinated campaign against NBC.

-kicked all the NY Times reporters off of their planes.

-the Pentagon Pundit program, which sold the war by planting former military officers on networks. Uncovering this story earned a journalist the fucking Pulitzer.

-Staged mock press conferences with FEMA employees pretending to be reporters.

-allowed Ari Fleischer to tell everyone (but directed at journalists) they needed to “watch what they say and what they do.”




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Wednesday, October 7, 2009

Time-line: Bush-Wall Street Corrupt Housing Crisis

Time-line: Bush-Wall Street Corrupt Housing Crisis

2002=Video: Younger Bush Pushing "EASY Loans" on Minorities
2002=Bush Video:http://www.youtube.com/watch?v=kNqQx7sjoS8&feature=related
2002=Bush Enlisted Investment Banks issue "EASY SURE FAIL" Mortgages
2002=Bush Proclaims Enlisted Fannie/Freddie to buy Garbage Mortgages
2002 FED+Bush Admin=high priority on "financial innovation"+Bush"s "ownership society"
2002 FED=Used housing boom to prop up economy after 2000 market collapse
2002 FED governor=warned: lenders breeding fast-growing risky mortgages
2002 FED examiners=­investigat­e mortgage lenders of WSBanks
2003+2004=FED analyst: deteriorating lending standards+higher defaults+ foreclosures
2003+2004=FED encourage development of alternative mortgages=sub-prime loans+ adjustable
2004=Comptroller Curr (OCC) used 1863Law=prevent enforcement state predatory lending laws
2004=OCC=prevent enforcing consumer protection laws against Big Banks
2004=Link:http://www.nakedcapitalism.com/2008/02/spitzer-bush-administration-blocked.html
2007=FED+F DIC+OCC=is sue guide=No new loans to poor after 'teaser' rates expire 2-3 years
2007=FED+F DIC+OCC=Bl ock Half of Subprime borrowers from refinancing=Insure Casino Bets
2007=FED decisions=Help Banks win Casino Bets
2007-2009=20-30% Subprime didn't meet Refi thresholds,But 70-80% would without new rules
2007-2009=2Million teaser-rate loans expired without refi http://www.bloomberg.com
2002-2008=Graph of Housing Bubble showing straight up line 2003-2007 (below)

2007=Bubble fed by "Easy SURE FAIL" Mortgages BURST creating CRISIS
2008=Green span=saying FED ill-equipped to investigate deceptive lending=False
2009=Greenspan consulting gig PIMCO+asset manager GSE mortgages+senior bondholder
Graph=http://www.mortgagecalculator.org/images/us-subprime-mortgage-market-growth.png
Bush Ownership Society: http://en.wikipedia.org/wiki/Ownership_society




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Sunday, October 4, 2009