Gee- I Wonder Why This Is Happening

I can not imagine why the McCain campaign would do this (via):

Constantly under the watchful eyes of security, the media wasn’t permitted to wander around inside Coachman Park to talk to Sarah Palin supporters. When reporters tried to leave the designated press area and head toward the bleachers where the crowd was seated, an escort would dart out of nowhere and confront him or her and say, “Can I help you?” and turn the person around.

When one reporter asked an escort, who would not give her name, why the press wasn’t allowed to mingle, she said that in the past, negative things had been written. The campaign wanted to avoid that possibility Monday.

Couldn’t have anything to do with this, could it:

So we have McCain today getting his crowd riled up asking who Barack Obama is and then apparently giving a wink and a nod when one member of the crowd screams out “terrorist.”

And later we have Sarah Palin with the same mob racket, getting members of the crowd to yell out “kill him”, though it’s not clear whether the call for murder was for Bill Ayers or Barack Obama. It didn’t seem to matter.

Maybe the McCain campaign isn’t as incompetent as we think they are. They at least have the good sense to keep the media away from the loons at their rally.

This is going to get ugly, fast.

Headline Of the Year

Lehman Managers Portrayed as Irresponsible

No kidding. Loved this:

One Lehman document among thousands reviewed by the House committee showed that four days before the bank filed for bankruptcy protection, Lehman’s compensation committee was asked to grant $20 million in “special payments” for three executives who were leaving, Mr. Waxman said. An e-mail exchange recommending a delay in bonus payments was apparently brushed aside.

Another document showed that executives were warned in a January 2008 meeting that the company was facing liquidity problems. Yet the firm moved forward with capital outlays, including $5 billion in bonuses, $4 billion in shares and $750,000 in dividend payments between 2007 and the firm’s bankruptcy filing on Sept. 15.



This video is disturbing. But know that Sarah Palin stongly endorses this despicable practice:

via Andrew

The Bailout to Nowhere

I guess the credit crisis isn’t that bad after all, because according to this report, Wall Street is about to say “Thanks, but no thanks” to the bailout:

Fears are mounting that many Wall Street banks and financial firms will refuse to participate in the US government’s $700bn bail-out package, leaving global markets and world economies in a perilous state for months to come.

‘There is a growing feeling that banks … might instead decide to tough it out,’ said Thomas Caldwell, chairman and CEO of Caldwell Financial, a $1bn-plus fund manager.

For the past two weeks all eyes in the market have been focused on US Congress and its attempts to pass Treasury Secretary Henry Paulson’s bail-out package – a bill to allow the US government to buy up to $700bn of toxic mortgage-related assets from American banks, which would in theory free the credit markets and set the gears of global commerce spinning once more.

Why might they decide to let things go down the tube rather than take the help? According to the story, the same greed that helped get us into this position:

But Wall Street analysts, believe the addition of so many terms to the bill might deter potential participants.

One of the least attractive elements is a section designed to curb executive pay at banks that participate in the bail-out package. These include limiting stock-related pay and banning ‘golden parachutes’ for executives.

‘I think this hodge-podge of regulations and rules will be enough to put many [chief executives] off participating,’ Caldwell said.

Sources close to Goldman Sachs and Merrill Lynch indicated the banks might choose not to participate in the bail-out as there is a growing view on Wall Street that the market may be bottoming out.

Charming. But, on the upside, if the market is bottoming out and they don’t need to take taxpayer money, I support it. If they are wrong, and bring about financial armageddon due to sheer greed, well, at least we know who to blame.

We’ll just file this under “country first.” I pray to the all-knowing FSM that either this report is wrong or Wall Street is right about the market having already bottomed out.

OJ To The Big House

OJ was found guilty on thirteen counts:

O. J. Simpson was found guilty late Friday on all 12 counts stemming from a confrontation in a hotel room last year, including armed robbery and kidnapping.

The verdict, which comes 13 years to the day after Mr. Simpson was acquitted in the highly publicized murders of his ex-wife and her friend, concluded a four-week trial that many have seen as a proxy for those unsatisfied by that 1995 outcome.

Mr. Simpson now faces 15 years to life for the kidnapping charge as well as a minimum of at least an additional 10 years in prison on the other charges. His attorney, Yale Galanter, said he would appeal.

After the verdicts were read, the judge revoked the bail for Mr. Simpson, a Heisman Trophy winner and an inductee in the National Football Hall of Fame. As his sister, Carmelita, wept and fainted in the front row, he was led away in handcuffs. Mr. Simpson is scheduled to be sentenced on Dec. 5.

Two thoughts:

First, His children now have a dead mother and their father, her murderer, will now die in jail. Anyone who would subject his children to that is subhuman.

Second, I can only hope that this will give the Brown and Goldman families some sense of justice. The last time I saw Fred Goldman on television, he was a snarling, bitter, angry man, and it was clear that the murder of his son had consumed him. Maybe this will give him some peace of mind.

Consider this your one and only post on the matter.