A Quick Round Up
Posted September 25th, 2008 by quarsan
In the Guardian Timmy Garton Ash has a review of the Bush years, demonstrating how this great patriot has destroyed his own nation. From hubris to nemesis indeed.
Robert Fisk a horrifying interview with Sami al-Hajj, the al Jazeera cameraman who was imprisoned in Gitmo for six years. According to him the main aim of the interrogations was to get him to spy on al Jazeera. "How much is al Qaeda paying al Jazeera?" One of the questions repeatedly put to him.
Meanwhile St Tony's ambition to be the saviour of the Middle East is failing. A recent report on the Quartet describes it as having "a vaccuum of leadership".
Finally, on the US $700 billion bailout bill being prepared for congress. Where did the figure of $700 billion come from?
"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
The BBC Radio 4 reporter
The BBC Radio 4 reporter Jonny Dymond asked, Sir Howard Davies, former chairman of the FSA why the FSA hadn't controlled the markets some 5 years ago when these worthless trades began to appear.
Do any of you remember any BBC financial correspondent reporting any concerns at all until it was too late?
Max Keiser on the "Truth about Markets" show on Resonance FM was describing Sub-Prime as a Ponzi scheme of "toxic waste" fraudulently rated as AAA rated debt many years ago he's now on Press TV, Al Jazeera and France 24 saying I told you so.
There were a few financial analysts, like Max Keiser and Danny Schechter who had predicted what was going to happen but Auntie sat on it because the are smug pedantic hacks who are detached from the public they are paid to serve.
Here's another figure plucked from the sky: Dennis Kucinich has said on "Democracy Now" that the amount of exposure in the US could be as much as $500 trillion.
You might as well wipe your arse with dollar bills in a fortnight as it'll be cheaper than using bog roll.
I like the comment made by
I like the comment made by the Treasury spokeswoman. It's that level of incompetency that got us to this situtation.