From Pine View Farm

2011 archive

Goldman’s Sacks 0

Greg Palasi, writing at the Guardian, reports that Goldman has started an offensive against the tiny People’s Federal Credit Union because People’s providing banking services and moral support for Occupy Wall Street. A nugget:

In 2008, the US Treasury handed Goldman Sachs a check for $10bn from the Troubled Asset Recovery Program (Tarp), the bailout funds given to desperate commercial banks. A few eyebrows were raised: Goldman was not desperate, and it certainly was not a commercial bank. Yet – abracadabra! – Secretary of the Treasury Henry Paulson transformed investment bank Goldman into a commercial bank overnight. (Paulson’s prior post was chairman of Goldman Sachs. Just saying.)

But there was a catch: Goldman would have to return a chunk of the public’s billions in the form of loans for low-income customers and members of its “community”, as required by the Community Reinvestment Act (CRA) of 1977. Problem: Goldman has, it seems, no low-income customers, nor a “community”. Goldman was directed to find poor people and a community and hand over some cash.

So Goldman looked down from its riverfront tower in lower Manhattan and discovered Peoples. Over 80% of Peoples member-owners have low incomes. At least 65% are Latino.

Follow the link for to see an interview with the author.

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The Great and Glorious Patriotic War for a Lie 0

Leonard Pitts, Jr., sums up the war in Iraq. A nugget:

The surge worked? We should not have been there.

Americans killed by roadside bombs? We should not have been there.

Iraq becoming more stable? We should not have been there.

Service personnel coming home? Great. But we should not have been there.

Moreover, once there, we should have been universally appalled at the breathtaking cynicism with which the war was prosecuted.

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A Consummation Devoutly To Be Wished 0

It’s silly and pointless, but it couldn’t be aimed at a more deserving target.

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More Facebook Frolics 0

Kids have no couth, curmudgeon dept.

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Facebook Frolics 0

There’s no friend like a Facebook friend.

Back on September 29th, a couple living on Robin Road in Wrightstown posted their vacation plans on Facebook.

“They put in there where they would be going on vacation and when they would be away and the friend just took advantage of it,” Newtown Police Department Lt. Glenn Forsyth said.

Knowing they were away, police say one of the couple’s Facebook friends, 36-year-old Steven Pieczynski of West Amwell, New Jersey, broke into the couple’s home and stole jewelry, gift cards, coins and DVDs.

A neighbor, a real human breathing person not in cyberspace, got suspicious and wrote down the mope’s license number.

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America’s Original Sin: Not a Point of Pride 0

The Confederate Flag may be your history, but it doesn't have to be your heritage

My ancestors wore the gray.

I can honor their memory without honoring (or repeating) their errors.

Via Contradict Me.

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And This Surprises You How? 0

From Bloomberg:

Credit-rating companies routinely award higher rankings to debt issued by banks and corporations that pay them the most, . . . .

’nuff said.

Details at the link.

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The Fee Hand of the Market 0

Click for a larger image.

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The (Job) Creationism Myth 0

“Job creators” my anatomy.

Whirlpool Corp. (WHR), the world’s largest maker of household appliances, said it will cut more than 5,000 jobs and reduce capacity by six million units after lowering its earnings targets as consumers rein in spending.

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QOTD 0

Johnny Carson, from the Quotemaster (subscribe here):

People will pay more to be entertained than educated.

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Press Coverage 1

Warning: A bit of language.

Via Will Bunch.

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Endless War, Endless Profits 0

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Mitt the Flippity-Gibbet 0

Once there were flappers. Now there is flipper:

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“An Armed Society Is a Polite Society” 0

Promulgate politeness to your progeny:

Jones’ 7-year-old son found a loaded gun under a bed in his Englewood neighborhood home and accidentally shot his younger brother through the top of his left leg as the toddler was sleeping in his bed. The gun belonged to Jones, police said.

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Herman Cain’t 0

Dick Polman muses on the Republican fascination with ignorance as a plank in their platform:

Grassroots Republicans, particularly the tea partyers, are apparently so fed up with government that they’re favoring Cain precisely because he has never served a day in government.

The downside, however, is that Cain is profoundly uninformed about the fundamentals of civic and political life. He may have a silver tongue, but there’s a Grand Canyon between his ears.

I suppose Cain’s supporters consider that an asset. But I consider it disturbing, for instance, that Cain would go on Meet the Press and declare, “I’m not familiar with the neoconservative movement.”

For his information (assuming that knowledge is still important), the neoconservatives have been driving Republican foreign policy since the late 1970s, arguing that America should aggressively export democracy, even at the point of a gun. The hawkish movement was particularly active early in the last decade, when it helped propel us into Iraq, at a current cost approaching $1 trillion. But it’s immaterial to Cain whether he knows the movement or not, because, in his words, “I don’t believe the war in Iraq was a mistake.”

Click to read.

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The Voter Fraud Fraud 0

Criminalizing democracy:

In an effort to provide a hands-on lesson in civic responsibility, New Smyrna Beach High School teacher Jill Cicciarelli simply wanted to register 50 of her students to vote. But what began as a routine exercise in democracy could result in Cicciarelli facing thousands of dollars in fines for violating a new state law that needlessly complicates voter registration. In their zeal to suppress the vote to gain a political advantage, Gov. Rick Scott and the Republican-controlled Florida Legislature have made it a crime for high school teachers to help students register to vote and prepare them for a life of civic engagement.

Follow the link for details.

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Facebook Frolics 0

The investigation began in September when county police were alerted by Wismer’s grandmother that she planned to sell her newborn baby for $15,000 and use the money to go to Disney World, according to police.

Wismer posted plans to sell the baby on Facebook, authorities said.

I was never tempted to sell one of my kids, though there were times when I would have been willing to give them away . . .

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TSA Security Theatre 0

Honestly, you can’t make this much stupid up.

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Nothing To Do, Nowhere To Go 0

First-time jobless claims decreased by 2,000 to 402,000 in the week ended Oct. 22, Labor Department figures showed today in Washington. The median forecast of economists in a Bloomberg News survey called for a drop to 401,000. The number of people collecting unemployment benefits fell in the prior week by 96,000 to 3.65 million, the fewest since September 2008.

No doubt putting more money in Goldman’s Sacks will fix this.

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QOTD 0

Carrie Fisher, from the Quotemaster (subscribe here):

As you get older, the pickings get slimmer, but the people don’t.

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