Post Scripts

“…Obama’s approval rating plunges 15 points from the stratospheric 83% to 68% after the first week in office according to recent Gallup Polls…” (CNN)

If you have sex with a prostitute against her will, is it considered rape or shoplifting?

by Jack Lee

From Today’s News: I told you there had to be more to the story about Bank of America buying up Merrill Lynch, this was such an incredibly bad deal. When Bank of America found out the extent of Merrill’s financial condition they tried to back out, but YOUR government stepped in and said you can’t do that! You have to buy Merrill and we’ll give you the money to make it right! So B of A said, ok fine, we’ll buy it and they got bailout money to do it. Right before the deal went through Merrill ($15 billion in the hole for mismanagement) handed out tens of millions in bonuses to it’s top managers. Now you know the whole story.

by Jack Lee

According to a recent AP story, about 150 of the 300 largest companies who received bailout money, paid out $77 million for lobbying and $37 million for campaign contributions for the 2008 election. That got them TARP bailout money of $305.2 billion or a whopping return of 267,208 percent!

People, I can’t make this stuff up! It’s well beyond even the most fertile of imagination. Is it any wonder the people are so fed up? And now this parting shot: Even in the best economic times, you wont find an investment with a greater payoff than what these companies have been getting, said Sheila Krumholz, executive director, Center for Responsive Politics.
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Continue reading “It Pays to Bribe Lawmakers – 267,208% Return on Investment” »

by Jack Lee

How safe is it really in Mexico? Some of our readers have written in to assure you that its perfectly safe to vacation in Mexico. Well, lets consult with an expert. He is none other than Mexicos leading General, Mauro Enrique Tello Quinones. He has accepted the job to fight drugs in Cancun. This is a man who knows the score.

Im sorry, the General isnt available. He’s dead. He lasted two days before he was kidnapped. Police said he was then methodically tortured before he was shot dead and his body was dumped along a road littered with rubbish, very near the resort town he was supposed to protect.
Continue reading “Mexico Travel Update – Focus on Cancun” »

Brattle Group Analysis of Self-Dealing and Executive Compensation Helps Achieve Record-Setting $115 Million Settlement in Delaware Court on Behalf of AIG, 11:50a ET February 10, 2009 (PR NewsWire)

The Brattle Group announced today that economist Benjamin Sacks assisted plaintiff Teachers’ Retirement System of Louisiana (TRSL) in reaching a record settlement of $115 million on behalf of American International Group (AIG). The settlement was reached on September 11, 2008, only four days before the trial was set to begin in the six-year long litigation, and recently became final. This settlement is the largest ever for a derivative lawsuit in the Delaware Court of Chancery, and more than doubles the previous record.

Continue reading “AIG FRAUD SURFACES – CEO Gets $47M Severance” »

by Jack Lee

Were being asked to contribute $2 trillion more to mop up bad bank assets and restore credit and this is on top of the 1.2 trillion already spent on banks and eventually this will all add up to a $9 trillion bailout.

Over the last 5 years there were roughly 5 million homes sold per year for a total of about 25 million home sales. Were told that about 8% are foreclosed on each year in the worst areas and about 4% overall. That’s bad, but lets
Continue reading “BAILOUT – WORST BOONDOGGLE EVER” »

Tuesday 1100 PST, BREAKING NEWS… Just three Republicans helped pass the plan on a 61-37 vote and they’re already signaling they’ll play hardball to preserve more than $108 billion in spending cuts made last week in Senate dealmaking. Republicans said they needed to study this bill more and they wanted to halt the pork, but any notion of them acting prudently was quickly dismissed by Harry Reed and Nancy Pelosi as partsian stonewalling.

Posted by Tina

Prosecutors Want Barry Jailed Over Tax Returns, By Del Quentin Wilber – Washington Post

** Federal prosecutors today asked a federal judge to send D.C. Council member Marion Barry (D-Ward 8) to jail for not filing his most recent tax returns. Prosecutors alleged that Barry, by not filing his 2007 federal and D.C. tax returns, had violated the terms of his probation for previous tax offenses. Barry, 72, who pleaded guilty in 2005 to not filing tax returns from 1999 through 2004, has not filed his returns on time in eight of the past nine years. **