The Hollywood Liberal

George W. Bush’s Cousin George H. Walker (those two families have been in an incestous relationship for close to 100 years) was one of the beneificiaries of the multi million dollar payouts to the execs of Lehman Bros. Lehman was not one of the companies covered by the bailouts. Makes sense Bush’s cousin got his loot, why should be bother helping the rest of “those people” becuase as you can see Bush is only concerened with his family and freinds and screw everyone else.

Do you think it’s fair?” Waxman demanded of Fuld as he outlined his exorbitant pay packages and noted that shareholders ended up with nothing.

Fuld said he is haunted nightly wondering what he might have done to avert Lehman’s bankruptcy, the largest in U.S. history.

“This is a pain that will stay with me for the rest of my life,” he said.

Also haunting him, Fuld said, is the question of why Lehman didn’t get a federal rescue while others did: Bear Stearns, the mortgage giants Fannie Mae and Freddie Mac, and insurance giant American International Group Inc.

“Until the day they put me in the ground, I will wonder,” Fuld told the committee.

But the committee’s investigation painted Fuld as anything but a victim.

Waxman released e-mail correspondence from June 2008 in which Fuld dismissed the suggestion from executives at a Lehman subsidiary that the company’s top people forgo bonuses to “send a strong message to both employees and investors that management is not shirking accountability for recent performance.”

Fuld wrote, “Don’t worry — they are only people who think about their own pockets.”

The suggestion came from executives at Lehman’s money management subsidiary, Neuberger Berman, who also were recommending that Lehman spin off its business to insulate its employees — and their bonuses — from Lehman’s sagging stock price and from “management mistakes.”

George H. Walker, President Bush’s cousin and a member of Lehman’s executive committee, breezily shot down the ideas, according to the e-mails.

“Sorry team. I am not sure what’s in the water at” Neuberger Berman, Walker wrote to the rest of the executive committee. “I’m embarrassed and I apologize.”

HL’s Take:
20 years ago Neil Bush walked away with millions from the Silverado Savings and Loan scandal. The Bush family always profit handsomely while everyone else loses his shirt. Buy as usual the Democrats give Bush everything he wants while everyone else gets screwed. Business as usual.

Truthdig.org

The passing of the $850-billion bailout pulled the plug on the New Deal. The Great Society is now gasping for air, mortally wounded, coughing up blood. It will not recover. It was murdered by the Democratic Party.

We are on our own. And don’t expect any help from Barack Obama and Joe Biden, who lobbied hard for the bill and voted for it. Ignore their rhetoric. Look coldly at the ballots they cast against us. We, as citizens, have only a handful of representatives left in Washington, most of whom were left sputtering in rage and frustration on the House floor. The sad irony is that some of them were Republican.

“This was the largest single act of class warfare in the modern history of this country,” Rep. Dennis Kucinich, D-Ohio, who led the fight in the House against the bailout, told me by phone from Cleveland. “It is a direct attack on the American people’s ability to be able to stabilize their homes and their neighborhoods. This single vote will define the careers of everyone. We are back to taxation without representation, to markets that are openly rigged.”

Read the rest of the story

HL’s Take:
Dennis is one of the only honest politician out there, I voted for him in the primary; I trust him and after reading this story I am having serious doubts about voting for Obama. Cynthia McKinney is looking better and better. I have already ruled out voting for my house representative Henry Waxman for several reasons many of which come from the interview I did with him about a year ago. It is true, in some respects the Democrats are even more corporate sellouts then the Republicans. The Democrats are selling this country into facism in a New York Minute

Late Late Nite FDL: Adieu False Heart
Gently entering the new week with Cincinnati-based, Wild Carrot, performing Linda Ronstadt’s, Adieu False Heart.

Wild Carrot “Adieu False Heart”

Gently entering the new week with Cincinnati-based, Wild Carrot, performing Linda Ronstadt’s, Adieu False Heart.

What’s on your mind tonight?

Overnight
Crazy month coming.

We Are One President Away From a Future of Fossil Fuel Addiction
America’s energy and climate future will be determined by what the nation decides to do with its deposits of oil shale.

What I Learned at the Sarah Palin Rally Before They Threw Me out
20,000 Christian zealots, anti-abortion fanatics, and mostly white suburbanites reconnected with their high school past at the Palin rally.

Pentagon Confirms That It Told Obama He Couldn’t Visit Army Base With Campaign Staff
I’ve just gotten clarification from the Pentagon on what really happened with regard to Barack Obama’s canceled visit to an Army base in Germany, something the McCain campaign has been using to hit Obama since yesterday. A Pentagon spokesperson confirms…

Walking a Fine Line
The Pentagon confirms to TPM Election Central that military officials told the Obama campaign he could not visit Landstuhl Regional Medical Center in Germany yesterday with campaign aides in tow because that would violate DOD regs. “We informed the Obama…

Gut Check Time

Last week I wrote:

At this point, it’s practically become a given that Obama is the superior candidate on economic matters.

And for those voters uncomfortable with the notion of a president who isn’t white, but unable to tolerate four more years of this economy, it’s a real gut check moment:

What, in the end, is really the most important thing to better the lives of you, your family and your fellow Americans?

Lest you thought I was crazy, I submit to you this post from Politico’s Ben Smith:

An Obama supporter, who canvassed for the candidate in the working-class, white Philadelphia neighborhood of Fishtown recently, sends over an account that, in various forms, I’ve heard a lot in recent weeks.

“What’s crazy is this,” he writes. “I was blown away by the outright racism, but these folks are f***ing undecided. They would call him a n—-r and mention how they don’t know what to do because of the economy.”