Mary from Pacific Views with another post spelling out exactly what Goldman Sachs did to crash the economy.
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Remember that Rolling Stone piece about Goldman Sachs I mentioned the other day? Here’s another post from Matt Taibbi that should raise serious concerns about the stranglehold the company has on the economic markets:
“In a move set to infuriate and send many Zero Hedge readers over the top, the NYSE has taken action to make [...]
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Rolling Stone finally linked to the Matt Taibbi story. Go read all about how Goldman Sachs rules our world.
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Via Lambert, this from Naked Capitalism: Is the new government program to aid underwater homeowners really predatory lending? Sure looks like it:
Why would you trade a non-recourse loan from which you can walk away for a recourse loan that guarantees you’ll end up as bad as some poor slob at Tappahannock? It doesn’t seem like [...]
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From Coalition of the Obvious, via Avedon, this useful “compare and contrast” on national health care systems. It especially means something to me because a few years back, after my unemployment ran out and I was working an hourly job, I developed pneumonia and couldn’t afford to pay for a chest x-ray. (I don’t remember [...]
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Matt Taibbi on Goldman Sach’s response to his recent Rolling Stone piece. Go read it all, but this is priceless:
After my Rolling Stone piece about Goldman, Sachs hit the newsstands last week (unfortunately the piece is not yet up on the magazine’s web site, so I can’t link to it yet — but it is [...]
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Great article in Esquire.
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9.2 Million people are already insured by a single payer system in this country.
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I wish I’d been paying closer attention to this, because now I have a whole lot of questions that weren’t there before I read Matt Taibbi’s latest story for Rolling Stone: “How Goldman Sachs took over Washington by engineering every major market manipulation since the Great Depression.”
But first, the “good” news:
WASHINGTON — Landmark legislation to [...]
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Jim Hightower:
Like a Fourth of July crescendo of fireworks, our gasoline prices are rising higher and higher. While this is tough on consumers, we’re assured by a covey of tongue-clucking industry analysts that nothing can be done about it, for it’s simply the law of supply and demand in action — so suck it up, [...]
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Former CIGNA PR rep Wendell Potter is testifying before a Senate committee this afternoon. Coincidentally, my friend D. sent a link to this recent interview in the Columbia Journalism Review, and you should read the whole thing. And after you read it, you should bookmark it. Whenever you see an erroneous story about healthcare reform, [...]
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Looks like someone wants to make restitution:
The much-maligned health insurance industry is braced for another black eye today as the Senate hears testimony from a former insurance company executive.
Wendell Potter, who worked in public relations for Cigna and Humana Inc., for more than 20 years before retiring in 2008, is scheduled to testify this afternoon [...]
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I once did a three-hour interview with a prominent Republican state legislator, famous for being the leader of the state’s pro-life movement. (He confided to me that nothing he did for the movement was ever enough, that they might even be, yes, a tad wacky.)
Despite our many political differences, we did hit it off and [...]
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Lambert:
The public option is not some sort of compromise. It is not some kind of gentle glidepath to single payer, since the legislation will be designed to make the transition to single payer FAIL, as Kathleen Sibelius admits. And as the public option FAIL takes 10 years or so to play out, it will suck [...]
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And in other “news”:
WASHINGTON (Reuters) - Americans are struggling to pay for healthcare in the ongoing economic recession, with a quarter saying they have had trouble in the past 12 months, according to a survey released on Monday.
Baby boomers — the generation born between 1946 and 1964 — had the most trouble and were the [...]
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Krugman on the congressional fight for healthcare reform:
I’m not that worried about the issue of costs. Yes, the Congressional Budget Office’s preliminary cost estimates for Senate plans were higher than expected, and caused considerable consternation last week. But the fundamental fact is that we can afford universal health insurance — even those high estimates were [...]
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Digby on rationing healthcare.
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About Tom Daschle’s comments on health care reform. Bernie Sanders joins him:
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This is the thing no one seems to want to face: people with no money and no place to go. I suppose if they were stockbrokers, we’d be throwing money at them!
Despite billions of federal dollars being poured into Michigan’s unemployment benefits program, the safety net for jobless workers doesn’t stretch far or wide enough [...]
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Co-ops, individual mandates, and no employee mandate. This seems less like an honest proposal and more like a way to kill health care reform and blame liberals for not supporting a compromise bill.
- Comment from Ezra Klein’s column at the Washington Post. Go read them all.
Let me put it this way: If the result [...]
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Am I the only one who sees how funny this is?
Support for a government option is especially strong among younger Iowans, said J. Ann Selzer, president of Selzer & Company, the firm that conducted the Des Moines Register survey in late April. Only in the 65-and-over age group does opposition outweigh support for a public [...]
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Forbes is a magazine so bad, I once cancelled a FREE subscription. So I guess I shouldn’t be surprised that they have articles attacking what they call “ObamaCare.”
I especially like this one, “ObamaCare Can Punish You for Being Healthy.” Now, you would think of the audience that reads Forbes, they would agree - but the [...]
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Oh, I’m sorry. Did I just say that out loud?
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As if we didn’t know! Ezra Klein:
Health reform is, I think it fair to say, in danger right now. The news out of the Senate Health, Education, Labor, and Pensions Committee was bad. The Congressional Budget Office had scored a partial bill and the result was a total fiasco. But the news out of the [...]
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It’s just horrible, the bipartisan rape healthcare plan offered by Howard Baker, Bob Dole, Tom Daschel and George Mitchell.
As you might expect, it reflects the constant mindset of the Beltway elites. They make a fetish of reaching the lowest common political denominator, rather than advocating for something which actually solves the problem.
But hey, it’s “centrist”!
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This “centrist” president continues to do the politically expedient things rather than those that are actually needed. But the important thing is, Michelle has an organic garden!
Three quarters of a century ago, President Franklin Roosevelt earned the undying enmity of Wall Street when he used his enormous popularity to push through a series of radical [...]
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Is that it proves (as George Soros says) untrammeled capitalism doesn’t work.
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Jane Hamsher tells us who’s holding up the public option:
Healthcare reform advocates have been watching the Senate Health, Education, Labor & Pensions (HELP) Committee and wondering why no public option component has been forthcoming — despite assurances that it would appear by Tuesday.
According to a source with direct knowledge of what is happening on the [...]
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