The zombie assets that falsely inflate the equity number of bank balance sheets contribute to investors' distrust in the financial system. That's part of what's causing a freezing up of credit. To overcome that fear, we need the banks to … [Read more...]
Archives for February 17, 2009
Insanity in California
This is what dysfunctional government looks like. If anyone needed a reminder that what Massachusetts needs is a more aggressive progressive wing of the Democratic Party with more contested primaries, and not more Republicans, to invigorate … [Read more...]
Why not just shoot fish in a barrel, or tied up animals? This is shameful.
The only words I have for this is "more mean-spirited cuts, more balancing the budget on the backs of the powerless who are already crawling". Here is a quote that really says it all: By reducing those eligible for shelter, Kehoe said the … [Read more...]
“We Should Be Guided by What Works”
President Obama, at the height of his powers, gave us his best shot today: a $787 billion stimulus program that delivers about $500 billion in new spending in the face of trillions of dollars of lost economic activity since last autumn, and … [Read more...]
A bizarre twist in libel law, courtesy of our local federal appeals court
The Court said, relying on a 1902 MA statute, that under MA law truth does not constitute a defense to libel if the alleged libel was made with "actual malice." And, the Court decided, "actual malice" means nothing more than, well, … [Read more...]
Obama on the signing of the American Recovery and Reinvestment Act
Below is a statement from President Obama on the signing of the American Recovery and Reinvestment Act: Today I have signed into law H.R. 1, the "American Recovery and Reinvestment Act of 2009." The Act provides a … [Read more...]
Obama signs Economic Recovery Bill, Delivers on Clean Energy
Clean Energy to Power Economic Recovery Obama Delivers on Promise to Make Clean Energy a Cornerstone of Recovery Plan Today, President Obama signed an economic recovery plan that delivers $78.6 billion in clean energy, energy efficiency, … [Read more...]
Harshbarger for U.S. Attorney?
Sooner or later, President Obama will get around to replacing the current occupants of the U.S. Attorney offices with his own people. A columnist over at Mass. Lawyers Weekly suggests that Mike Sullivan's replacement should be Scott … [Read more...]
Obama’s Latest Press Conference
This presser focused on the stimulus and economic conditions, but my favorite point he mentioned was what he had to say on health care. … [Read more...]
Internet Safety Workshop for Parents
Sorry for posting two diaries in one day... Two weeks ago I hosted Worcester District Attorney Joe Early's office here in my town to do an Internet Safety Workshop for Parents. The introduction to the workshop was... Many children received … [Read more...]