Thursday, March 26, 2009

Big Dan's Big News March 26, 2009

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Senator Sanders Blocking Key Obama Nomination

The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group’s financial products unit, to Edward M. Liddy, the chief executive of A.I.G.

DEAR Mr. Liddy, (click below for the NYTimes article)

Dear A.I.G., I Quit!

In a new article in Rolling Stone Magazine, journalist Matt Tabbi takes an in-depth look at the story behind AIG. “The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d’├ętat,” writes Taibbi. “They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations.”

AIG and the Big Takeover: Matt Taibbi on “How Wall Street Insiders Are Using the Bailout to Stage a Revolution”

Matt Taibbi/Rolling Stone - The Big Takeover

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The Obama administration unveils its $1 trillion plan to buy toxic assets from banks and restore the financial system. But should we return to the way it was? We speak with Chicago lawyer Thomas Geoghegan about his new Harper’s Magazine cover story, “Infinite Debt: How Unlimited Interest Rates Destroyed the Economy.” Geoghegan writes, “We dismantled the most ancient of human laws, the law against usury, which had existed in some form in every civilization from the time of the Babylonian Empire to the end of Jimmy Carter’s term.”

Thomas Geoghegan on “Infinite Debt: How Unlimited Interest Rates Destroyed the Economy”

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(hit the "+" sign to enlarge the print below; scroll down the article with your mouse)Infinite Debt

...and if you want to vote in someone who actually has your interest and not theirs or some corporation's, they have that covered, too!!!

Most electronic voting isn't secure, CIA expert says

Most electronic voting systems can be hacked, CIA expert says

Diebold's Chief Financial Officer, VP Steps Down Under SEC Investigation. CFO Kevin Krakorian was largest inside trader during mass August 2007 sell-off, near historic company high, as reported exclusively by The BRAD BLOG


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