Oct 29, 2011

OWS Today

The cops really are just a lay-off or two away from joining the protesters.  The Politicos know this, of course, so it'll be interesting to see the how things begin sort themselves out.

Steve-O-Lanterns

By way of old high school buddy, and wood carver extraordinaire, Steve Pancoast at Piece Of The Wind:

Oct 26, 2011

Thank God For Matt Taibbi

Taibbi can get pretty far off into the weeds sometimes, but just as often, he comes thru for us with a gem like this:
STUPIDITY INSURANCE. Defenders of the banks like to talk a lot about how we shouldn't feel sorry for people who've been foreclosed upon, because it's they're own fault for borrowing more than they can pay back, buying more house than they can afford, etc. And critics of OWS have assailed protesters for complaining about things like foreclosure by claiming these folks want “something for nothing.”
This is ironic because, as one of the Rolling Stone editors put it last week, “something for nothing is Wall Street’s official policy." In fact, getting bailed out for bad investment decisions has been de rigeur on Wall Street not just since 2008, but for decades.
--snip--
...When Joe Homeowner bought too much house, essentially betting that home prices would go up, and losing his bet when they dropped, he was an irresponsible putz who shouldn’t whine about being put on the street.
But when banks bet billions on a firm like AIG that was heavily invested in mortgages, they were making the same bet that Joe Homeowner made, leaving themselves hugely exposed to a sudden drop in home prices. But instead of being asked to "suck it in and cope" when that bet failed, the banks instead went straight to Washington for a bailout -- and got it.
--snip--
Millions of people have been foreclosed upon in the last three years. In most all of those foreclosures, a regional law enforcement office -- typically a sheriff's office -- was awarded fees by the court as part of the foreclosure settlement, settlements which of course were often rubber-stamped by a judge despite mountains of perjurious robosigned evidence.
That means that every single time a bank kicked someone out of his home, a local police department got a cut. Local sheriff's offices also get cuts of almost all credit card judgments, and other bank settlements. If you're wondering how it is that so many regional police departments have the money for fancy new vehicles and SWAT teams and other accoutrements, this is one of your answers.

The Modern Republican Fantasy

Oct 25, 2011

What Would Jesus Do?

He'd find a stick or a whip or something, and he'd knock the crap out of a few bankers - that's what he'd do.