The FBI recently released 10 videos of 9-11 footage to my client, Scott Bingham. The videos can be seen here.
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“This is slavery, not to speak one's thought.” ― Euripides, The Phoenician Women
The FBI recently released 10 videos of 9-11 footage to my client, Scott Bingham. The videos can be seen here.
The funny thing, looking back on it, is how long it took for even someone who predicted the disaster to grasp its root causes. They were learning about this on the fly, shorting the bonds and then trying to figure out what they had done. Eisman knew subprime lenders could be scumbags. What he underestimated was the total unabashed complicity of the upper class of American capitalism. For instance, he knew that the big Wall Street investment banks took huge piles of loans that in and of themselves might be rated BBB, threw them into a trust, carved the trust into tranches, and wound up with 60 percent of the new total being rated AAA.
But he couldn’t figure out exactly how the rating agencies justified turning BBB loans into AAA-rated bonds. “I didn’t understand how they were turning all this garbage into gold,” he says. He brought some of the bond people from Goldman Sachs, Lehman Brothers, and UBS over for a visit. “We always asked the same question,” says Eisman. “Where are the rating agencies in all of this? And I’d always get the same reaction. It was a smirk.” He called Standard & Poor’s and asked what would happen to default rates if real estate prices fell. The man at S&P couldn’t say; its model for home prices had no ability to accept a negative number. “They were just assuming home prices would keep going up,” Eisman says.
As an investor, Eisman was allowed on the quarterly conference calls held by Moody’s but not allowed to ask questions. The people at Moody’s were polite about their brush-off, however. The C.E.O. even invited Eisman and his team to his office for a visit in June 2007. By then, Eisman was so certain that the world had been turned upside down that he just assumed this guy must know it too. “But we’re sitting there,” Daniel recalls, “and he says to us, like he actually means it, ‘I truly believe that our rating will prove accurate.’ And Steve shoots up in his chair and asks, ‘What did you just say?’ as if the guy had just uttered the most preposterous statement in the history of finance. He repeated it. And Eisman just laughed at him.”
“With all due respect, sir,” Daniel told the C.E.O. deferentially as they left the meeting, “you’re delusional.”
This wasn’t Fitch or even S&P. This was Moody’s, the aristocrats of the rating business, 20 percent owned by Warren Buffett. And the company’s C.E.O. was being told he was either a fool or a crook by one Vincent Daniel, from Queens.
popular 3D map tool, Google Earth, offering millions of users the chance to visit a virtual ancient Rome.Here's the link to Google Earth for Ancient Rome.
Google has reconstructed the sprawling city - inhabited by more than one million people as long ago as AD320.
Users can zoom around the map to visit the Forum of Julius Caesar, stand in the centre of the Colosseum or swoop over the Basilica.
Researchers behind the project say it adds to five centuries of knowledge.
"This is another step in creating a virtual time machine," said Bernard Frischer of Virginia University, which worked with Google on the Roman reconstruction.
Historically, Democratic Presidents (Carter, Clinton) have been much more pro-disclosure than Republican Presidents (Ford, Reagan, Bush, and Bush II). I would expect the Obama administration to be more like the Clinton and Carter FOIA model than that of the current administration.
Initially, I look for the Ashcroft memorandum to be stricken. This memorandum which came out in the Fall of 2001 said that any properly used FOIA exemption would be defended by the Justice Department. It superseded (without expressly stating that it did) the Reno memorandum of 1993 which said even if something could be withheld under a FOIA exemption, agencies should look to make discretionary disclosures of material as long as there was no foreseeable harm in government activities in releasing the material. For instance, privileged material in a document that could be withheld under FOIA exemption 5 should be looked at to see if the material could be released even though legally it could be withheld under FOIA exemption 5--the test was would the release do any foreseeable harm to the government. If the answer was no, the material went. Under current policy agencies don't have to ask, they just defend the withholding. Under the Obama administration I look for a similar foreseeable harm test to return.
I also look for an increased awareness in FOIA programs. FOIA Operations will get greatersupportt from those in charge of agencies. While money will be tight in the new administration, I look for investments in the use of new technology to streamline FOIA Operations making them more efficient and answerable to requesters. Additionally, I think the Department of Justice will provide more guidance in FOIA operations, both legally and procedurally.
Finally, I think agencies will overall be more pro-disclosure. I don't know how to quantify that idea, but I think there is a feeling in many FOIA Offices that they can't release information because the current administration doesn't want them to. I think this will slowly change and some agencies will release information they are now withholding. Again, I can't quantify it nor give specific examples.
TO: Obama Foreign Policy ExpertsA reminder of the Washington truism not to write anything that you don't want to see in the Washington Post the next day...
FROM: Tony Lake and Susan Rice
DATE: November 7, 2008
RE: Thank You
We want to thank you, and thank you again, for all that you have done to help elect Barack Obama President of the United States. Your wisdom and expertise have been invaluable. We will remain extremely grateful for your incredibly hard work and for your many personal and collective contributions.
We are obviously entering a new phase now with the transition. The transition will be a separate operation from the campaign, which is now disbanding. So too must our foreign policy expert teams disband.
The transition operation will be brief and comparatively lean. Given the need to complete this work expeditiously and efficiently, please understand that only a limited number of people will be able to support those activities. But, please also be assured that participation in the transition is in no way a prerequisite to, nor an assurance of, being offered any position in the Obama-Biden administration.
For those of you interested in applying for a position in the future administration, a transition website has been set up where you can (and, in fact, must) apply by filling out a form and submitting your resume. It is: www.change.gov. We hope very much that you will apply. You should follow the instructions to indicate your interest in being considered for a position in the government. This is a real website, which will be used to fill important positions in the government below the cabinet level. There will be no other channel through which applications will be accepted. Please also feel free to copy Mona Sutphen who will be tracking your applications at: REDACTED, with any resumes and materials you submit in the official channel.
Finally, and importantly, we ask each of you please do not under any circumstances speak to the press, any foreign officials, or embassies on behalf of the transition or President-elect Obama. Please also do not encourage solicitation of such contacts. We cannot emphasize enough the importance of this request. It would be highly damaging for foreign governments or media to receive information that they believe falsely to represent the views of the President-Elect.
If you receive any inquiries, please refer them to:
Dan Pfeiffer, REDACTED (for press inquiries)
Denis McDonough REDACTED or Mark Lippert REDACTED (for any inquiries from foreign officials and embassies)
Their new email accounts should be active by next week.
Thank you again for all that you have done to help make this historic moment possible.
Susan and Tony
The Goldendoodle gets its name from its mixed heritage - golden retriever and poodle. Goldendoodles are a hybrid dog, a first generation cross, and as such they exhibit "hybrid vigour". the term used to describe the burst of fertility, good health and growth that is seen in the progeny when two unrelated breeds are mated.
Goldendoodles were first deliberately bred in North America as a larger version of the popular Cockapoo around the mid 1990s. Their non/light shedding coats and ability to live with families with allergies has made them very popular companions.
With the aid of the Hispanic vote in Colorado, New Mexico, and Nevada, Barack Obama becomes the 44th President of the United States. He is also the first African American who will reside in the White House on Pennsyvania Avenue come 20 January 2009. Election 2008 was far from being a repeat of the 2000 and 2004 elections that were stained by controversies about hanging chads and insinuations of corrupt voting practices in Florida in 2000 and Ohio four years later.
Barack Obama began to build a commanding lead of electoral votes soon after polls began to close on the east coast and never faltered. Once Pennsylvania turned a dark shade of blue, a hotly contested state along with Ohio and Florida, a win for Barack Obama had become a near certainty. And then Florida and Ohio gave up their electoral votes to the popular democratic candidate, two states that had put current President George Bush over the top in 2000 and 2004 respectively.
Change has occurred. Young voters below the age of thirty turned out to vote in large numbers. Hence, the face of the voting public has also changed. No longer do the faces resemble over thirty, white, middle and upper middle class faces that have essentially lived in a vacuum of among their own kind. Young voters of today have been and are constantly exposed to, and intermingle with varied groups of people of varied races, ethnic and religious groups. They exchange thoughts and ideas about the current state of global affairs. They are far from being nationalistic by any stretch of the imagination. What has empowered the youth of today to be more curious, informed and eager to participate in order to make a difference, a change, is access to the internet. It is a fast and efficient way of accumulating information. Some of it not all that accurate. Still their faith in what they read and visualized online never caused them to waiver in their support of the man who they believed could and would bring about the kind of change they want to see. They genuinely care about quality of life they desire to live in the next four years and possibly beyond.
For now, the "I Voted" sticker remains gloriously the same. Oh, some jurisdictions may dress it up -- Prince William's sticker is much jazzier than the District's simple white circle with the red "X" in the box -- but the message is clearer than ever: I kick it old school. I waited in line with everyone else on the appointed day, because "everyone" is the whole idea. The "I Voted" sticker has been around a long time, at least five election cycles. (A Florida manufacturer claims to have been making "the original" version since 1986, but it probably goes back further.)
The District of Columbia Voter's Guide showed up several days ago in our mail, and on the front cover was a cartoon of a ballot and a pencil holding hands and jumping happily. There was something rudimentary and childlike, almost Hello Kitty about them. It made it feel like social studies class. It's dorky cool, more cool than watching Kirsten Dunst vote early. "You complete us," read the cute words beneath the Pencil and the Ballot, in a retro '70s-style italic. What followed was 57 sober pages of instructions, rules, sample ballots, statements from candidates and long lists of potential advisory neighborhood commissioners.
There's so much to love about the standing part today, amid all the drab beige, taking in the smell of someone else's coffee, rereading the entire newspaper, stuck in the line of voters that doesn't seem to move but, in fact, does. Then comes the sticker.
What a wonderful and boring thing, voting together.
From Chicago Barack Obama Tour |
From Chicago Barack Obama Tour |
From Chicago Barack Obama Tour |
From Chicago Barack Obama Tour |
From Chicago Barack Obama Tour |
From Chicago Barack Obama Tour |
From Chicago Barack Obama Tour |
From Chicago Barack Obama Tour |
From Chicago Barack Obama Tour |