Jephthah

Murray and Cantwell both vote against a credit card interest rate limit

The bastards...I'd love to hear their justification. Roll Call

His holiness, the Bishop of San Pedro, Paraguay

Independent

It was shocking enough when the first woman stepped forward asserting that she had had a child with President Lugo, 57, who assumed power on a wave of popularity just eight months ago. It is worth bearing in mind that before running for president he was a prominent Catholic bishop.

The President not only acknowledged the truth in the startling claims of Viviana Carrillo, 26. According to local media reports, he even opened his palace to her and the child, who is now almost two. Seemingly, they are settling in well. The child has even adopted his name.

But before the country knew how to react – it is at once overwhelmingly Catholic but is also a macho society that may consider the procreational activities of its leader a sign of fortitude – two more shoes or, rather, babies, dropped. A second purported mother of a Lugo child vowed to file a paternity suit against him on Monday. And yet another woman popped up on Wednesday with more Lugo offspring.

Bet the Catholic radio stations won't be touting this story. Ah yes, his holiness and his holy rod and his holy staff. How lovely. How absolutely within the confines of the "do as I say, not as I do" crowd that tend to rise in the ranks of the large conservative denominations. I hope Paraguay is proud. I hope Bush has several meetings with his holiness/President Lugo when he visits his ranch in Paraguay. They can talk about the foundations of society and the holiness of matrimony and other such lofty matters.

What COULD Jesus Do?

I am a tiny bit of carbon...

..and I'm ok w/that:

Atheist rages at Christians then commits murder

Oh, whoops, I got the title backwards. Actually a rabid (and very apparently mentally ill) Christian himself and a woman who continually "turned down his advances" on Good Friday.


Just watch the first few minutes and you will understand the sickness.

Here is the link to the Detroit News

Apparently this story isn't getting picked up by the National Media. Imagine if it really was as the subject of this post states. I think it would get more play in the media..

Scamming Summers & Geitner

Jeffrey Sachs lays it all out. Disgusting!

Here's how. Consider a toxic asset held by Citibank with a face value of $1 million, but with zero probability of any payout and therefore with a zero market value. An outside bidder would not pay anything for such an asset. All of the previous articles consider the case of true outside bidders.

Suppose, however, that Citibank itself sets up a Citibank Public-Private Investment Fund (CPPIF) under the Geithner-Summers plan. The CPPIF will bid the full face value of $1 million for the worthless asset, because it can borrow $850K from the FDIC, and get $75K from the Treasury, to make the purchase! Citibank will only have to put in $75K of the total.

Citibank thereby receives $1 million for the worthless asset, while the CPPIF ends up with an utterly worthless asset against $850K in debt to the FDIC. The CPPIF therefore quietly declares bankruptcy, while Citibank walks away with a cool $1 million. Citibank's net profit on the transaction is $925K (remember that the bank invested $75K in the CPPIF) and the taxpayers lose $925K. Since the total of toxic assets in the banking system exceeds $1 trillion, and perhaps reaches $2-3 trillion, the amount of potential rip-off in the Geithner-Summers plan is unconscionably large.

Epic Fail.