Geithner's 'Worst Case Scenario' for Stress Test FAILS US -it's Warren & Bair versus Geithner now

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Tuesday June 09, 2009 · 4:39 AM PDT

2009/06/09 · 04:39

Yesterday I posted a diarythat very few folks read - noting that Secr Tim Geithner has more and more been proven spectacularly wrong on every front, the most recent and frightening evidence being yesterday's unemployment figures.

How the unemployment figures played into this, I go into more detail below. But yesterday's two-fer news articles [on the disturing jobs figures and on the Citi group stock plan] started out with many laughs at Sheila Bair's expense:

My diary cited business articles guffawing over and ridiculing Sheila Bair, since - as of yesterday, Geithner was dissing Sheila Bair over at the FDIC by taking the side of Citi's Vikram Pandit, in allowing Citi to exchange our [taxpayer's] more-powerful types of share holdings into common stock - where the taxpayers would then merely be left holding the bag for Citi's bad debt - if Citi then collapsed further.

Is the maxim true that [s]He who laughs last, laughs best? More over the fold...

puffmeister

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Monday June 08, 2009 · 6:12 AM PDT

2009/06/08 · 06:12

Treasury Secretary Tim Geithner– having succeeded in forcing Paul Volker to the sidelines of Obama's ‘team of rivals’ and empowering himself and Larry Summers as the go-to guys on finance – has been touting a reform of regulatory Institutions – SEC, FDIC, OCC and CFTC.

This is part of his claimed plan to heighten regulation by "streamlining" the regulatory agencies under the control of a super-agency. The plan might have merit - so long as the regulation is not diluted. And that is where the biggest concern over Geithner and Summers continues to lie.

A look at an uninspiring history, and some new troubling signs over the fold

puffmeister

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Wednesday March 04, 2009 · 6:54 AM PST

2009/03/04 · 06:54

With kudos to both climate science watch and Tax problems

for pointing this out earlier on dkos - along with my own prior diary on March 3rd, My cowardly Senator ...Hold on Climate Change Experts

We are still stuck with the problem of unrelated holds placed on President Obama's newest science appointees - Harvard University physicist John Holdren, who is in line to lead the White House Office of Science and Technology Policy, and Oregon State University marine biologist Jane Lubchenco, Obama's nominee to head the National Oceanic and Atmospheric Administration. Moreover the problem is bigger than first understood and needs more urgent action. see over the fold:

puffmeister

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Tuesday March 03, 2009 · 4:52 AM PST

2009/03/03 · 04:52

My Senator, Senator Menendez, is a coward.

There, I've said it.

I know this because I have worked in Congress. When a "spokesman" tells those inquiring about his leaked anonymous hold - via Email no less - that

"It is our office's policy not to speculate or comment on anonymous holds or rumors of anonymous holds, across the board."

You know that the spokesman is operating with the imprimatur of the Boss.

Harvard physicist John Holdren - an expert on Climate Change who has proposed bold solutions in re-starting a green economy - is exactly what this country desperately needs - with not a day to spare. But Senator Menendez is taking the coward's path to stop the vote - just so Menendez can push an unrelated issue that he should be talking about separately - moreover, it is a hold that he will not even admit to doing.
Coward.

Senator Menendez deserves to be inundated with calls not merely for his unprincipled willingness to hold up votes on an important Climate Change expert - while New Jersey chokes - but also because, in the casee of the most open and receptive President in U.S. History to requests for time to discuss issues - Menendez, a powerhouse in the Senate - does not have the cojones to make his case public.

puffmeister

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Saturday February 21, 2009 · 7:51 AM PST

2009/02/21 · 07:51

Unsettling news yesterday, that Hersheys of Reading PA is the latest to preserve profits at the expense of struggling workers by closing a US plant and moving production to Mexico.

Please forgive that this diary is thinly sourced but after reading Drooggie's diary, I am extremely upset and hope against hope that some urgent action may be useful, if others will call and voice disapproval quickly.

Another better diarist than I can perhaps write an expose over their two-year-long plan to dump 1/3 of their workforce [1,500] - of which this plant closing is only the most recent.

Update - Granny0Philly comments that she grew up near there and has added some marvelous information below on Hershey's philanthropy - the move to corporatism in this case is stark in the lives of folks in PA...

puffmeister

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Sunday November 09, 2008 · 5:10 AM PST

2008/11/09 · 05:10

For those interested in the environmental and other tragedies foisted upon us over the last eight years, and that the current occupant is hurrying to entrench in his final days - know that hope lies ahead:

A small nugget on Wash Post dot com turns out to be a seed that blossoms upon reading into a profound realization of just how good is the man we've elected; his ability to gather a team to focus on important environmental-changing and economy-changing details floors me yet again.

puffmeister

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Monday October 13, 2008 · 9:05 AM PDT

2008/10/13 · 09:05

I live too far from a swing state to feel effective. But if you - as I do with the state of Missouri - have any past association with any of the swing states including, in addition to Missouri, Colorado, Indiana, Ohio, Michigan, Nevada and North Carolina _ I would encourage you to do as I did -

review newspaper articles from those states for falsehoods, and

call out those publishers on allowing journalists to amplify the ACORN smears being flogged by the Republicans and Senator McCain.

more over the fip

puffmeister

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Wednesday September 17, 2008 · 11:12 AM PDT

2008/09/17 · 11:12

Not only has at least one commentator
pointed out the blatant lack of economic forethought in John McCain’s bald claim that he will be able to build 45 new Nuclear Power plants by 2030 -- a claim he made in June of 2008 and repeated just this month in response to questions posed in the New York Times science page...

Worse - the critical issue of nuclear waste unaddressed in McCain’s policy claim - may be reaching potentially crisis proportions just as McCain starts looking for the money to build those plants. It seems that taxpayers may have to cover DOE’s failure over the last ten years to do what it has already been contracted to do.

puffmeister

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Saturday September 13, 2008 · 1:06 PM PDT

2008/09/13 · 13:06

A local TV reporter in Portland Maine who would neither give up nor get side-tracked when interviewing John McCain has done more than most national TV journalists have ever managed in such interviews - helped us glimpse that there are no clothes on the emperor. McCain is so obvious that the effect is utterly bizarre.

This very short clip [less than 1 1/2 minutes] is included at about 15:15 in the September 12, 2008 broadcast of Bill Moyers' Journal. Apparently the McCain interview was broadcast in Maine on September 11th. Transcript [as best I could] - below the jump.

puffmeister

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Monday September 08, 2008 · 6:39 AM PDT

2008/09/08 · 06:39

Just a reminder to those watching ABC’s Gibson interview of Palin, that Gibson was almost laughed off the stage at the ABC Facebook debate among Democrats for announcing that middleclass income could be defined as a family of two college professors [that’s funny too] who - teaching together at St. Anselm, earn $200,000 per year [lots of laughs]

Media Matters should get lots of kudos for citing the Census bureau to immediately correct Gibson at the time:

Portions of that Census corrective and transcript from Media Matter are below the jump. MM also posted a large excerpt of the transcript. I urge readers to at least review the entire MM excerpt – its analysis is superb -at
http://mediamatters.org/...

puffmeister

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Friday September 05, 2008 · 1:15 PM PDT

2008/09/05 · 13:15

The following link - to a 2006 set of remarks on transportation dollars given by Governor Palin - was listed in the Anchorage Daily News [viewed in pdf format on the "newseum" – a great site] – but was not readily accessible from the actual site of adn.com; the newspaper's interior website linked only to Palin’s RNC remarks and a video on the Ebay sale of the plane.

So, I wrote directly to two of the Anchorage paper’s journalists. One kindly sent me the link - which does not appear to show any indication of going through the newspaper. At the time I viewed it, Palin's remarks had only been viewed by 19 people since its early August placement online. Let's up that number!

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Geithner's 'Worst Case Scenario' for Stress Test FAILS US -it's Warren & Bair versus Geithner now

Geithner's regulatory merger - the risk of lax regulation

Obama's Science Appointees-More pressure needed

My cowardly Senator won't admit to hold on Climate Change Experts

Please boycott/telephone Hersheys over Move to Mexico-UPDATED

Breathtaking indicator of how lucky we are in President-Elect Obama

Far from a swing state? Help stop smears on ACORN & Obama

McCain's "45 nuclear plants" vs reality: DOE loses Nuclear Waste lawsuit

McCain Q&A on TV -that says it all [VIDEO link]

The Palin interview & Gibson’s "middle class"= $200k/year

Palin's 2006 views on earmarks: Change methods to get dollars "Alaska Deserves"