From the “Things We All Saw Coming” department, Obama briefs Congress that his real homework assignment for GM and Chrysler was to read chapter 11: While Obama two days ago gave GM 60 days to come up with deeper cost and debt reductions than the biggest U.S. automaker proposed in a viability plan submitted last [...]
Entries from March 31st, 2009
Tour de Fail: Links
March 31st, 2009 · 2 Comments · links
Michael Moore got lost on the way to the buffet this morning, and ended up at a meeting of the Senate Finance Committee regarding TARP: Moore wore his trademark baseball cap, standing out among the sea of suits. He sat in the third row, chatting with a dark-haired man as TARP cop Neil Barofsky, Elizabeth [...]
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Protest Early And Often
March 31st, 2009 · 2 Comments · Uncategorized
Wish we were at the G20 – all kinds of excitement going on over there today, particularly outside the Bank of England. It started nicely with a tea party: G20 protesters held a tea party outside the Bank of England today, kicking off demonstrations against the summit of world and financial leaders a day earlier [...]
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TOTALLY Our Bad
March 31st, 2009 · 7 Comments · fail
Yes, “guaranty” is a legit spelling but it still looks wrong and like something other than an actual guarantee. And since the PBGC is the Pension Benefit Guaranty Corporation, this seems to be a cleverly designed loophole for an occasion such as this one. PBGC is a federal agency charged with insuring pension funds for the [...]
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