Month: May 2011

2 Years???? 2 F%$#ing Years?!?!?!?

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Yep, it’s that misbegotten bastard child of Timothy Geithner, Larry Summers, and Barack Obama*, the Home Affordable Mortgage Program, HAMP, where the Treasury has finally decided to require a single point of contact for homeowners participating in the program:

Mortgage servicers must provide a single relationship manager to borrowers being evaluated for a Home Affordable Modification Program trial by Sept. 1, according to guidance released by the Treasury Department Wednesday.

The guideline is required of the 20 largest servicers participating in HAMP, and it is one of the largest adjustments to the program since its inception in March 2009. Since then, more than 670,000 borrowers received a permanent loan modification, and more than 1.8 million trials have been extended.

“Over the past two years, two of the biggest complaints we received from borrowers were servicers are losing documents and they can’t connect with anybody who can actually track them down. Every time they call they can’t get a hold of someone with access to their case,” Laurie Maggiano, director of policy at the Treasury’s homeownership preservation office, said in an interview with HousingWire Wednesday.

The relationship manager must be an employee of the bank and cannot be a contractor. This manager will be assigned when the servicer makes successful contact with the delinquent borrower. The borrower must meet the initial criteria of the program, such as owner-occupancy and a 31% debt-to-income ratio.

The program has been in place for about 2 years, and since day 1, the complaints have been about no one being a point of contact, meaning that you had repeatedly lost paperwork, changing conditions, dual tracking, where when you were talking with one bankster, another was in the process of foreclosing, etc.

People have been screaming about this.

The press has been screaming about this.

Congress has been screaming about this.

But nothing was done until the 2012 election loomed, because, after all, this was not a program to help people, it was a program to cheat people, and help the banks.

*Who knew that bad programs were conceived by three beings?  For the rest of nature, it’s either parthenogenesis (Amoeba, lobbyists) or some sort of sexual reproduction involving only two participants. There are echos here of the Asimov novel The Gods Themselves.

The New York Times is Called Out On What it Calls Torture

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By its own Ombudsman:

The Times should use the term “torture” more directly, using it on first reference when the discussion is about — and there’s no other word for it — torture. The debate was never whether Bin Laden was found because of brutal interrogations: it was whether he was found because of torture. More narrowly, the word is appropriate when describing techniques traditionally considered torture, waterboarding being the obvious example. Reasonable fairness can be achieved by adding caveats that acknowledge the Bush camp’s view of its narrow legal definition.

This approach avoids the appearance of mincing words and is well grounded in Americans’ understanding of torture in the historical and moral sense.

The fact that our media still consider people who think that it’s OK to crush a child’s testicles to pressure their parent (John Yoo) to be acceptable as regular editorial contributors (to be fair, in the Philly Inky, not the Gray Lady) indicates that the idea of telling the truth has left the lexicon of so-called journalism.

Is Angela Merkel the George W. Bush of the Eu?

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It appears that Ms. Merkel doesn’t realize that she’s not bailing out the Greeks, she’s bailing out the German banks who are owed the money, but she’s still being a hard-ass and virtually assuring that we will see defaults, as well as worsening social unrest:

Also at issue was the technical operation of the European Stability Mechanism (ESM), the permanent euro zone bailout fund due to come into force in mid-2013.

As ministers prepared to tackle the increasingly precarious financial situation in Greece, Dr Merkel made clear her resistance to any debt restructuring by the country.

Addressing students in Berlin, Dr Merkel said private sovereign creditors should not bear losses until the ESM starts its work.

“It would raise incredible doubts of our credibility if we simply were to change the rules in the middle of the first programme,” Dr Merkel said.

The rise in dissatisfaction with the EU, and the rise on nationalistic, and frequently xenophobic, parties in the EU is a direct result of the fact that it is being run as a support group for the banks, who, after all, were the ones who f%$#ed up everything in the first place.

I stick with my original statement on the Euro Zone: the country that needs to leave is not any of the PIIGS (Portugal, Ireland, Italy, Greece, and Spain), but Germany, which has increasingly seen the Euro as a way to artificially deflate its currency for export purposes, both within and outside of the EU.

They are a predatory exporter, only marginally better than China.

Medical Myths Exploded In a Picture

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They’ve been blaming you and laughing all the way to the bank

You know what they all say, we drink too much (not), smoke too much (not, really really not, have you seen how much Frenchmen smoke), obesity (not), malpractice (one of the great lies in history).

What does it come down too?

  • We pay more for the same services.
  • Our overhead costs dwarf those of socialized medicine.
  • Doctors get paid a lot more here.

At its core, what we are seeing is a situation where the perfect “immaculate market” that the free market mousketeers seem so enamored of simply does not work.

It doesn’t work because healthcare is not an area where you have the option of just not buying the service, and frequently, shopping is not an option.

Besides, even if it were an option to shop for the best deal, the pricing schemes are deliberately obfuscatory, because opacity suits the players in this little pseudo-market dance.

H/t DC at the Stellar Parthenon BBS for the graphic.

Links to part 1 and part 2 of the series.

John ensign

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First, his former best friend, and the husband of the woman that John Ensign f%$#ed, Doug Hampton, has been indicted for violating lobbying laws and conflict of interest laws.

The could get interesting if he decides to drop a dime on Ensign and the rest of his co-conspirators.

It does appear though that John Ensign is incredibly busted, since the normally toothless Senate Ethics committee voted to make a criminal referral to the DoJ, and the special prosecutor they appointed to investigated recommended that he be expelled from the Senate.

BTW, speaking of co-conspirators, it appears that Senator Coburn was hip deep in negotiating the specifics of the payoffs to Hampton and his wife.

Assuming that the Department of Justice has the stomach for it pulling on this string* will unravel a lot more than just a Senator boinking a staffer.

Pass the popcorn.

*I think that they don’t because of their mishandling of the Ted Stevens prosecution and because of a general Obama administration policy to let things slide when they involve Republican law breaking.

What Krugman Says

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He says what needs to be said on the debt ceiling negotiations:

According to Harry Reid, the Senate majority leader, Mr. Obama has told Democrats not to draw any “line in the sand” in debt negotiations. Well, count me among those who find this strategy completely baffling. At some point — and sooner rather than later — the president has to draw a line. Otherwise, he might as well move out of the White House, and hand the keys over to the Tea Party.

Of course, since Barack Obama seems incapable of drawing such lines, I’m thinking that the only question will be whether or not the ‘Phants use lube before having their way with the American people.

Actually, the ‘Phants won’t use lube.

Indiana Winger Judges Repeal Magna Carta

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Yes, the foundation of British civil rights, and by extension of the United States, has been ruled invalid by the Indiana state Supreme Court, who have upended the 900 year old precedent, and ruled that police have the right to Illegally enter your home:

Overturning a common law dating back to the English Magna Carta of 1215, the Indiana Supreme Court ruled Thursday that Hoosiers have no right to resist unlawful police entry into their homes.

In a 3-2 decision, Justice Steven David writing for the court said if a police officer wants to enter a home for any reason or no reason at all, a homeowner cannot do anything to block the officer’s entry.

Why? Because the cop is always right:

“We believe … a right to resist an unlawful police entry into a home is against public policy and is incompatible with modern Fourth Amendment jurisprudence,” David said. “We also find that allowing resistance unnecessarily escalates the level of violence and therefore the risk of injuries to all parties involved without preventing the arrest.”

It appears that these wankers never read the part of the Constitution that says, “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.”

So, a medieval peasant, living under King Edward I (Longshanks) in Coventry in 1300 has more civil rights than an American living in Indiannapolis.

I’m thinking that these guys got their law degree from either a Cracker Jack box, or from the Christian Broadcast Network University (now called Regency University).

Wrapping NHS Up In a Bow, and Giving It to Non-Profits

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Here’s a big surprise, the Tories intend to dismantle the National Health Service in the UK, and give it to for profit entities:

A senior adviser to David Cameron says the NHS could be improved by charging patients and will be transformed into a “state insurance provider, not a state deliverer” of care.

Mark Britnell, who was appointed to a “kitchen cabinet” advising the prime minister on reforming the NHS, told a conference of executives from the private sector that future reforms would show “no mercy” to the NHS and offer a “big opportunity” to the for-profit sector.

The revelations come on the eve of an important speech by the prime minister on the future of the NHS, during which he is expected to try to allay widespread fears that the reforms proposed in health secretary Andrew Lansley’s health and social care bill would lead to privatisation.

So not a shocker.

Conservatives realize that when government works, it becomes popular, and they don’t, so they spend most of their times trying to throw a monkey wrench (spanner in UK-speak) into the works.

Whiskey Tango Foxtrot?!?!?!?

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Newt Gingrich is slamming Paul Ryan’s plan to eliminate Medicare:

Presidential contender Newt Gingrich took a potshot Sunday at Republican House Budget Chairman Paul D. Ryan’s proposal to reform Medicare, becoming the most prominent Republican to distance himself from the plan.

Ryan’s proposal, which was passed by the GOP-controlled House in April, would have people 54 and younger choose from a list of coverage options and have Medicare make “premium-support payments” to the plan they chose.

“I don’t think right-wing social engineering is any more desirable than left-wing social engineering,” Gingrich scoffed in an interview on NBC’s “Meet the Press.”

House Republicans, including Speaker John A. Boehner, have stood behind Ryan’s plan, which was the subject of fierce debate at town-hall meetings nationwide. Other Republican presidential contenders have praised Ryan’s political courage without going so far as to endorse the budget blueprint.

Let’s be clear here: We know just what Newt is, an opportunist, so his condemnation is not a mark of any real problem with the idea of selling seniors to insurance companies to be ground up into Soylent Green, after all, he pretty much proposed that in the 1990s.

Instead, it is an acknowledgment by Gingrich that the proposal is a complete political loser, and so he thinks that by joining its condemnation, he will be able derive political advantage.

What the IMF Has Been Doing to 3rd World Nations For Years…

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At least there is symmetry

So it should come as no surprise, that IMF President Dominique Strauss-Kahn has been arrested for raping a hotel housekeeper:

The arrest of International Monetary Fund chief Dominique Strauss-Kahn on sexual-assault charges threatened to upend French politics and weaken the IMF’s central role in resolving Europe’s deepening debt crisis.

Mr. Strauss-Kahn, 62 years old, was expected to be arraigned Sunday night on charges of attempted rape, criminal sexual assault and unlawful imprisonment of a maid in the New York City hotel where he was staying, police said. Mr. Strauss-Kahn retained prominent defense attorney Benjamin Brafman, whose clients have included singer Michael Jackson and rapper Sean Combs. Mr. Brafman said Mr. Strauss-Kahn would plead not guilty.

Mr. Strauss-Kahn’s arraignment was delayed late Sunday when police sought a search warrant to examine the IMF chief’s body for scratches or the accuser’s DNA, a law-enforcement official said.

We are living in weird times.

Obviously, rape is not something to be made light of, but the similarities in predatory nature of the IMF and the alleged crimes are striking.

Yep, The Revolving Door is Shut down

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4 Months after approving the Comcast-NBC merger, outgoing Federal Communications Commissioner Meredith Attwell Baker will go to work for them as a lobbyist:

Washington’s revolving door is spinning again this week, with Federal Communications Commissioner Meredith Attwell Baker’s announcement that she is resigning to become a lobbyist for Comcast.

Baker’s last day on the commission will be June 3, a few weeks before the end of her term, and just over four months after she voted to approve the merger of Comcast and NBC Universal.
Federal Communications Commissioner Meredith Attwell Baker, shown at a hearing on Capitol Hill in March, is resigning to become a lobbyist for Comcast.
Enlarge Chip Somodevilla/Getty Images

Federal Communications Commissioner Meredith Attwell Baker, shown at a hearing on Capitol Hill in March, is resigning to become a lobbyist for Comcast.
Federal Communications Commissioner Meredith Attwell Baker, shown at a hearing on Capitol Hill in March, is resigning to become a lobbyist for Comcast.

Back in 2009, when the merger was proposed, Baker said on C-SPAN that the commission shouldn’t try to regulate too much.

“You shouldn’t attach conditions that are extraneous to the actual deal in front of you,” she said at the time.

And when the vote came last January, Baker complained that some extraneous conditions were there. She said that FCC rulings were too regulatory and could discourage job-creating investment. Still, she voted with the 4-1 majority for the merger.

An important point to make here is that she is not a Bush retread finishing out a term.  She was appointed by Barack Obama.

She pretty much had to be a ‘Phant, the law requires that no more than 3 members of the 5 member commission belong to the same party, but she was hip deep in Bush policy and deregulation, and she is the daughter of the smarmiest bastard ever to hit Washington, DC, James Baker.

In a sane Washington, DC, Comcast would let her go now that the proverbial cat is out of the bag, but I think that sane Washington, DC is an oxymoron.

It Isn’t Real Until They Start Convicting White Billionaires

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Yes, hedge fund manager Raj Rajaratnam was found guilty all 14 charges of which he was accused, primarily insider trading and conspiracy, and there is a lot of talk about how this presages a new era of enforcement.

It isn’t, for a couple of reasons.

First, notwithstanding his wealth and power, Rajaratnam was still very much an outsider in the rather lily white halls of high finance.  Simply put:  He was never a member of the club, he was just a guest, and so it was an easy shot for prosecutors to get.

Second, is the likelihood that this investigation, and his wiretap, likely had something to do with his extensive ties, and extensive philanthropy toward, his native Tamil community in Sri Lanka, which likely investigators to suggest that there were potential material support issues regarding the Tamil Tigers, the now defunct terrorist group.  (A caveat here, I’ve heard nothing but rumblings on this, but if I were dealing with a judge dubious about a wire tap warrant, I’d let “Tamil Tigers” slip out).

It may be the start of something bigger, but I will not believe it until we start seeing big fish with pale complexions being frog marched in handcuffs.

Republicans in Florida Bans Sex

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You see, in the process of banning bestiality, they banned any person having any sort of sexual contact with an animal outside of the norms of animal husbandry and veterinary science:

An act relating to sexual activities involving animals; creating s. 828.126, F.S.; providing definitions; prohibiting knowing sexual conduct or sexual contact with an animal; prohibiting specified related activities; providing penalties; providing that the act does not apply to certain husbandry, conformation judging, and veterinary practices; providing an effective date.

Unfortunately, it appears that none of these folks took high school biology.

To quote Mel Brooks, “Ooh, baby, you are so talented! ……… And they are so *dumb*!”

Newt or Spay Your Presidential Candidate*

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Yes, the “disgraced former Speaker of the House” Newt Gingrich is officially running for President:

Newt Gingrich is entering the 2012 presidential race as a familiar face — a 20-year veteran of Congress who served a polarizing turn as House speaker before assuming a career as a prolific political commentator and author.

But Gingrich, who officially announced his White House bid Wednesday, is bringing a decidedly different approach to this contest than he did to his previous stint in public office.

In his speeches and campaign appearances, Gingrich is expected to lay out a political vision that intertwines fiscal and social conservatism, drawing from a newfound interest in religion he has infused into his work in recent years.

It’s a message he’s expected to make Friday at the Georgia Republican Party convention in what advisors are billing as his formal announcement speech, an address that will marry the concept of American exceptionalism with an emphasis on God-endowed rights.

“American exceptionalism with an emphasis on God-endowed rights” appears to mean sleeping around on your wife and dumping her when she gets cancer, or MS, while attempting to impeach Bill Clinton for getting a blow job in the white house.

I’m beginning to think that I need to add a tag, Clown Show to my list of standard tags to descripe the ‘Phant Presidential field this year.

 *Credit goes to JR at the Stellar Parthenon BBS for coming up with this bon mot.

Do You Want Some Cheese With That Whine?

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So, after voting to abolish Medicare, the Republican freshmen have sent a letter to Obama demanding that the Democrats not beat them up over this:

Politicians usually don’t begin press conferences with an admission of guilt.

But that’s exactly what happened Wednesday, when freshman Rep. Adam Kinzinger (R-Ill.) called on the president to condemn the scare tactics Democrats have used against Republicans on Medicare — the same type of attacks Republicans used against Democrats throughout the 2010 campaign that helped put many of the GOP freshmen in office.

“We’ve all been guilty at one time or another of playing partisan politics with key issues facing our country, but now is the time to hit the reset button,” Kinzinger said, as if to pre-empt accusations of hypocrisy coming from Democrats. “As a freshman class, we have the opportunity to wipe the slate clean and … not continue the petty politics we’ve seen in the past.”

Last year, as a candidate, Kinzinger sang a different tune: He criticized the Democratic health care overhaul, saying it would amount to $500 billion in cuts over 10 years, removing 4 million patients from Medicare and putting 15 million on Medicaid, according to local news reports.

I’m sorry, but if these guys are not strong enough to defend themselves from a 72 year old constituent with blue hair, how can they be expected to protect us from bin Laden Saddam Hussein Fidel Castro anyone more threatening than the Easter Bunny?

You know the attacks against the rat f%$#s are different from the death panels, because they are true, which has counted for something in the United States since the days of John Peter Zenger.

Why do House Republicans hate America?

Schadenfraude Alert

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It looks like a lot of big anonymous donors to political advcocy groups are facing a tough choice, pay a 35% gift tax, or contest the rules in open court, where your anonymous donations to Karl Rove will become a matter of public record:

The Internal Revenue Service appears to have begun to enforce a tax on gifts to the non-profit organizations that were a key vehicle for anonymous politics in the last five years and had promised to play a large role in the presidential cycle, a move which could reshape the place of money in politics in 2012.

“It appears that the IRS Estate and Gift Tax team has also started paying attention to 501(c)(4) organizations,” a Los Angeles tax lawyer who has followed the issue closely, Ofer Lion, wrote in a memo to clients today.

Gifts to other political organizations are not taxable under federal law, and lawyers informally say many donors do not typically pay the gift tax — which may run as high as 35%, mirroring income tax rates — for contributions to 501(c)4s.

The IRS focus would only apply to quite large donors: the first $13,000 annually are exempt. The rest of the contributions, however, reduce a donor’s lifetime tax exemption, which stands currently at $5 million but stands to drop to $1 million in 2013, a fact which would mean a donor’s heirs lose substantially more to estate taxes, including potentially a “clawback” of money that’s already been given away back into the taxable estate.

………

“[C]ontributors wishing to remain anonymous may feel the need to pay sizable gift tax assessments rather than challenge the tax in open court, and on the public record,” Lion wrote.

My heart bleeds borscht for the Koch suckers who now face Morton’s Fork.

Can Someone Please Primary Steny Hoyer

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The moron is talking about means testing Medicare:

House Minority Whip Steny Hoyer (D-MD) offered cautious support Tuesday for the idea of adopting further means-testing of Medicare and Social Security to help shore up the finances of both programs. But the devil, he said, will be in the details.

“I don’t want to get into means testing until we look at specific proposals,” Hoyer said at his weekly Capitol briefing in response to a question from TPM. “Generally speaking, we do, as you know, have certain means testing in both Medicare and SS at this point in time. … I think clearly we’re going to have to make both of those programs sustainable over the long run, and I think to some degree it would be clearly appropriate to look at — without endorsing any specific proposal — the insuring that the least well off are protected and to do that look at the best off … in terms of what level of support they get.”

First, if you cut off the top ½%, you don’t save any money, and if you cut off any more than that, and you destroy the program, which makes it bad policy.

Then you have to follow that up with the fact that the Republicans are killing themselves with this, but good old Steny feels the need to give them an opportunity to point at the Dems and say, “See, they are trying to cut your Medicare!”

Is he trying to lose?

Actually, considering him, he might be.  I think that he figures that he becomes the Dem leader in the House if Pelosi does not get back the House in 2012, so he wins by the country losing.