Archive for 2013

THE TRUTH ABOUT BOB WOODWARD: At NRO, Conrad Black writes, “Forty years after Watergate, the myth is unraveling.”

The myth had certainly gotten inflated over the years — I did a double-take of the seventies-era photo atop Black’s article, just to make sure it actually was Woodward and Bernstein, and not Redford and Hoffman. And Victor Lasky tried 35 years ago to help bring it down to earth. But it’s telling that the people who really began the demolition job on Woodward’s rep this year were his own successors at the Washington Post.  (With Robert Redford piling on earlier this week in an effort to help finish the job.)

IN THE MAIL: River of Stars.

DON’T KNOW MUCH ABOUT HISTORY: Ed Schultz Blames ‘Right Wing’ for DOMA, Forgets it Was Signed by Clinton.

Wait ’til Ed finds about Clinton and Iraq…

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BILL WHITTLE’S VIRTUAL PRESIDENCY CONTINUES: “Imagine a country where not only are the borders secured by armed guards, but once you entered the country, if you even spoke about politics — at all — if you even mentioned anything politically, you would be deported. Imagine a country where everyone is required to be tracked all the time. Where all of these immigrants are constantly monitored. Imagine where the idea of immigrants even having a word on the internal politics of a country would be enough to get them deported.”

“I can imagine a country like that. That country is Mexico.”

Watch the whole thing.

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PRESIDENTGOLDMANSACHS

TEXAN’S PLAN PUTS WALL STREET ON EDGE:

During Jeb Hensarling’s first congressional bid, a man at a campaign stop in Athens, Texas, asked the Republican if he was “pro-business.”

“No,” the candidate replied, drawing curious stares from local business leaders who had gathered to hear him speak, a former Hensarling aide recalled. “I’m not pro-business. I’m pro-free enterprise.”

Now, more than a decade later, that distinction has Wall Street on edge. The new chairman of the House financial services committee wants to limit taxpayers’ exposure to banking, insurance and mortgage lending by unwinding government control of institutions and programs the private sector depends on, from mortgage giants Fannie Mae and Freddie Mac to flood insurance.

Banks and other large financial institutions are particularly concerned because Mr. Hensarling plans to push legislation that could require them to hold significantly more capital and establish new barriers between their federally insured deposits and other activities, including trading and investment banking.

“A great case can be made that we need greater capital and liquidity standards,” the conservative 55-year-old Texan said in a recent interview. “Certainly, we have to do a better job ring-fencing, fire-walling—whatever metaphor you want to use—between an insured depository institution and a noninsured investment bank.”

I doubt President Goldman-Sachs approves. But faster, please.

OH WELL, AT LEAST BOYS DON’T NEED TO BE TAUGHT TO DO THIS:  Mothers ‘better at reading bedtime stories’.  I’m skeptical.  My dad did voices and added interesting explanations.  All these studies should say “Some” before.  As in “Some mothers.”