Pat Robertson is “Remarkably Pleased With Obama”
ROBERTSON: I am remarkably pleased with Obama. I had grave misgivings about him. But so help me, he’s come in forcefully, intelligently. He’s picked a middle of the road cabinet. And so far, if he continues down this course, he has the makings of a great president.
So, I’m very pleased so far.
PBS NOW has assembled a number of damning emails and memos along with conducting interviews from the people inside the credit rating agencies that oversaw the repackaging of sub-prime loans into triple A rated CDOs.
How these people aren’t being prosecuted for fraud I don’t know.
Essentially, the people in charge of rating investments were in the pocket of the people selling the investments. If they did their jobs and rated bad investements unfavorably they would lose business to agencies with looser morals.
This built-in conflict of interest allowed sub-prime loans to be grouped together to appear more valuable.
The formula, according to the PBS NOW report, is you take enough triple D rated sub-prime loans to make them to look like they’re triple B’s, then group three of these triple B rated investment packages to make a triple A, the highest ranking for investments there is.
“During this period, profit was primary; analytics were secondary,” Raiter tells NOW Senior Correspondent Maria Hinojosa.
The people who came up with these rating models weren’t using actual time tested data and research to come to the conclusion that lumping together debt that was likely to be defaulted on wouldn’t be defaulted on.
They admit they were “guessing” that they wouldn’t be defaulted on.
This radio report by KCDZ-FM exposes just one of the latest examples of the coming all out police state. California Highway Patrol is apparently teaming up with Marines to run sobriety/licensing check points on civilians in Yucca Valley.
“By law, to avoid entrapment, the CHP is requested to provide the location of the checkpoint to the media at least two hours prior. They did provide Z 107.7 with a phone number to call at 7 PM to get a location, but - defense lawyers take notice - no one ever answered the phone.”
As if check points pulling over every driver, regardless of probable cause, wasn’t unconstitutional enough…
Thomas Tamm, the FBI agent who blew the whistle on Bush’s illegal wiretapping program, giving his first interview to Rachel Maddow, explains why he had to come forward.
The irony in all of this is the notion that “what’s in the past is in the past” is keeping the people who violated the FISA act and wiretapped American citizens without warrants from being prosecuted for their crimes while the man who exposed this monumental violation of the constitution he swore to uphold is facing the threat of being criminally charged for leaking info about the illegal, albeit,classified program.
Not to mention the fact that Obama voted to give immunity to the telecoms that enabled the government to violate possibly millions of people’s fourth amendment rights while representing change.
A career Army specialist who survived the attacks of Sept. 11, 2001, claims that no evacuation was ordered inside the Pentagon, despite flight controllers calling in warnings of approaching hijacked aircraft nearly 20 minutes before the building was struck.
Raw Story reports that Spc. April Gallop is taking Rumsfeld, Cheney, and others to civil court to get to the bottom of what they knew and when they knew it, regarding their lack of action on 911. She claims her tough questions have been ignored thus far, because she her own accounts differ from the official story.
Spc. Gallop also says she heard two loud explosions, and does not believe that a Boeing 757 hit the building.
The lawsuit, if it isn’t dismissed, will go to the very heart of answering the questions many 911 survivors and victim families have raised and attempt to dismantle the blatant coverup that the public is clearly not buying.
“You cant just suddenly change something that’s illegal into something that is legal by having a lawyer write an opinion saying that it’s legal.”
Senator Carl Levin, referring to the Bush administration’s argument that they’ve made water boarding and other war crimes legal.
Good thing we took impeachment off the table. We almost could have set a precedent that America doesn’t tolerate torture, and then the terrrrrists would’ve won.
…the plaintiffs contend KBR knowingly allowed them to be exposed to sodium dichromate, a chemical used as an anti-corrosive but containing the carcinogen hexavalent chromium. The alleged exposure occurred while the guardsmen were providing security for KBR workers at the Qarmat Ali water plant in southern Iraq.
This latest incedent is just part of the pattern of seemingly willful incompitence shown by no-bid contract winners in Iraq and Aghanistan.
The article goes on to state:
Bunnatine Greenhouse, a civil servant with 20 years of contracting experience, had complained to Army officials on numerous occasions that Halliburton had been unlawfully receiving special treatment for work in Iraq, Kuwait and the Balkans. Investigations were opened by the U.S. Justice Department, the Federal Bureau of Investigation (FBI) and the Pentagon’s inspector general to open criminal investigations that continue today.
In one of the many examples of abuse, Greenhouse said that military auditors caught Halliburton overcharging the Pentagon for fuel deliveries into Iraq. She also complained that Defense Secretary Donald Rumsfeld’s office took control of every aspect of Halliburton’s $7 billion no-bid Iraqi oil/infrastructure contract. After her testimony Greenhouse was demoted, allegedly for poor performance.
How these companies manage to continue to win contracts after all these lawsuits, and no-bid ones at that, is beyond me.
Exhausted by the uncertainty clouding his life, Tamm now is telling his story publicly for the first time. “I thought this [secret program] was something the other branches of the government—and the public—ought to know about. So they could decide: do they want this massive spying program to be taking place?” Tamm told NEWSWEEK, in one of a series of recent interviews that he granted against the advice of his lawyers. “If somebody were to say, who am I to do that? I would say, ‘I had taken an oath to uphold the Constitution.’ It’s stunning that somebody higher up the chain of command didn’t speak up.”
