Tag Archives: gubernatorial

Republicans Stand by Their Man: Fat Cat The Banker

Posted by: LibbyShaw

Meet Fat Cat the Banker

Meet Fat Cat the Banker

Who would have thought? In its true and hypocritical form The Party of No and Obstruction opposes President Obama’s proposed fees on banks.

Dick Cheney must be hard at work at that printing press in his undisclosed basement.

Prominent Republicans are coming out in opposition to President Barack Obama’s proposal for a $90-billion fee on large banks that took bailout money, a move that political observers say could force the GOP to choose between their traditional anti-tax position and populist anger over the bailout.

On Thursday, GOP Chairman Michael Steele declared that the bank fee — which would be levied only on banks that took bailout money and have more than $50 billion in assets — is “another tax on the American public.”

The GOP is standing by fat cat the banker in yet another effort to oppose President Obama. Republicans demonstrate time and time again that they are willing to put politics ahead of working on solutions to solve the daunting challenges that we face on local, state and national levels.

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All of the Republican’s ranting and raving about the federal bailout is nothing but ginned up rhetoric. Apparently GOP lawmakers hate the bailout and yet they love the banks so much that they do not believe Wall St., aka gambling casinos that put Las Vegas to shame, should have to make reparations to the taxpayers for squandering and stealing our money. God forbid should the big banks have to pay fines for its appallingly irresponsible and over the top reckless behavior that annihilated the U.S. and global economy.

The financial services industry lobbied for the repeal of the Glass Steagall Act in 1999. That allowed banks to use their custodial power over your money to assume huge risks in investment markets.

They also lobbied for the Commodity Futures Modernization Act of 2000, which allowed banks to trade their crooked insurance in secret and exempted from all supervisory authority.

And to help grow the hurricane, then CEO of Goldman Sachs Hank Paulson made a personal plea to the SEC to allow banks to leverage more money against their capital. As much as $4,000 for every $100 in capital they held.

Wall Street may claim this was caused by a perfect storm, but the only thing perfect about it was their ability to line their pockets at the expense of our country.

Republicans apparently think it is a good idea for the banks to return to its wild, careless and out of control gambling practices that all but destroyed our financial security.

The proposed tax would apply to bank, thrift and insurance companies with more than $50 billion in assets and would start after June 30. It would not apply to certain holdings, like customers’ insured savings, but to assets in risk-taking operations. The levy would raise an estimated $90 billion over 10 years, according to the White House.

But it would remain in force longer if all losses to the bailout fund, the Troubled Asset Relief Program, were not recovered after a decade. The Treasury now projects that the losses from the $700 billion loan program, which was created in October 2008, could reach $117 billion, about a third of the loss that it projected last summer — an improved forecast that reflected the renewed strength on Wall Street.

After all, last week during the Texas Republican gubernatorial debate Senator Kay Bailey Hutchison said she and John Cornyn hated voting for the bank bail out. But, alas, they did so only because then President G.W. Bush instructed them to do so in order to save the U.S. and global economy from a complete melt down.

A glimpse at a Texas Republican clown show.

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In their twisted logic Republican politicians insist they hated saving the banks but now they hate imposing punitive fees on the banks’ biggest gamblers.

I suppose now that Sarah Palin has been hired as a professional analyst by FOX, the Propaganda Arm for the RNC, all of the GOP’s verbal inconsistencies and contradictions will soon be fully explained.

Republican lawmakers will howl like possessed banshees about terrorism and the profound urgency for our national security. They also routinely cry for border fences, racial profiling and full body scanners at all airports. And yet when it comes to safeguarding our financial and economic security, Republicans, it appears, are not in the least bit concerned. For them Fat Cat the Banker can do no wrong.

According to an article written by Mr. Frank Rich of the New York Times:

The Other Plot to Wreck America

Americans might be fluent in global terror and the horrors of terrorism but we are woefully uninformed about our domestic financial weapons of mass destruction.

Americans must be told the full story of how Wall Street gamed and inflated the housing bubble, made out like bandits, and then left millions of households in ruin. Without that reckoning, there will be no public clamor for serious reform of a financial system that was as cunningly breached as airline security at the Amsterdam airport. And without reform, another massive attack on our economic security is guaranteed. Now that it can count on government bailouts, Wall Street has more incentive than ever to pump up its risks — secure that it can keep the bonanzas while we get stuck with the losses.

The Director of the Financial Crisis Commission intends to shed some light on the big banks and its financial practices (greed, hubris, stupidity – gosh, why this sounds like a typical old home week of the W. Administration of arrogance and incompetence) over the last several years.

He wants to examine the financial sector’s “greed, stupidity, hubris and outright corruption” — from traders on the ground to the board room. “It’s important that we deliver new information,” he said. “We can’t just rehash what we’ve known to date.” He understands that if he fails to make news or to tell the story in a way that is comprehensible and compelling enough to arouse Americans to demand action, Wall Street and Washington will both keep moving on, unchallenged and unchastened.

Maybe the W. Administration and all of its lackeys including Senators John Cornyn and Kay Bailey Hutchison were far too distracted by non-existent WMD’s in Iraq and no bid contracts to the military/industrial complex to worry much about Wall St.

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Filed under Bailout, Banking, Barack Obama, Capitalism, Creepy right-wing antics, Economy, Greed, Media and Entertainment, Money, Mortgages, MSNBC, News, Partisan Politics, Politics, Presidents, Republicans, RNC, Small Business, The Morning Meeting w/Dylan Ratagan, Video/YouTube, Washington, DC

Texas Governor Perry May Have Put a Lid on Arson Report

Posted by Libby Shaw

Republican Governor Rick Perry

Republican Governor Rick Perry

According to the Houston Chronicle Perry received an arson report from an expert in 2004 but he won’t reveal if he read it before Todd Willingham was executed.

In a letter sent Feb. 14, three days before Willingham was scheduled to die, Perry had been asked to postpone the execution. The condemned man’s attorney argued that the newly obtained expert evidence showed Willingham had not set the house fire that killed his daughters, 2-year-old Amber and 1-year-old twins Karmon and Kameron, two days before Christmas in 1991.

On Feb. 17, the day of the execution, Perry’s office got the five-page faxed report at 4:52 p.m., according to documents the Houston Chronicle obtained in response to a public records request.

But it’s unclear from the records whether he read it that day. Perry’s office has declined to release any of his or his staff’s comments or analysis of the reprieve request.

A statement from Perry spokesman Chris Cutrone, sent to the Chronicle late Friday, said that “given the brevity of (the) report and the general counsel’s familiarity with all the other facts in the case, there was ample time for the general counsel to read and analyze the report and to brief the governor on its content.”

A few minutes after 5 p.m., defense lawyer Walter M. Reaves Jr. said he received word that the governor would not intervene. At 6:20 p.m. Willingham was executed after declaring: “I am an innocent man, convicted of a crime I did not commit.”

Cameron Todd Willingham, executed in Texas

Cameron Todd Willingham, executed in Texas

In the past, as recently as during George W. Bush’s term, gubernatorial reviews were made public. Rick Perry, however, does not believe any of his or his staff reviews should be.

A Forensic Science Commission was about to disclose a report that seriously questions the arson evidence in the Willingham case. But Perry had immediately fired three of the Commission’s members, including the Chairman. The meeting at which the report would have been revealed was canceled.

His 2004 execution gained renewed prominence this year after the newly formed Texas Forensic Science Commission, created by the Legislature to explore and fix forensic flaws, released a report that criticized the arson evidence. Two days before the panel was to review that report, Perry abruptly replaced three members, including the chairman, and the meeting was canceled. The governor also attacked the report, according to other media reports.

The report reveals that the investigators in Willingham’s case made serious errors and had relied on junk science.

The five-page opinion faxed to Perry’s office on Willingham’s execution day in 2004 was the first. It said investigators made “major errors” and relied on discredited techniques akin to an “old wives tale.”

It was authored by Dr. Gerald Hurst, an Austin-based arson expert who holds a doctorate in chemistry from Cambridge University.

By 2004, Hurst already had received national media coverage for helping to obtain a string of high-profile exonerations by debunking arson evidence in other criminal cases. Hurst said in an interview that his previous analysis of flaws in another Texas arson-murder case had helped prompt the Board of Pardons and Paroles in 1998 to free a woman convicted of setting a fire that killed her infant son. She had served six years of a 99-year sentence.

By his actions one can only assume that Governor Rick Perry is attempting to cover up his negligence. Otherwise, he would admit if he did nor or did not read the report. For a man with 20 executions on his watch, one would think Governor Perry should, at the very least, want to know if the state has executed an innocent man. A person’s life is far, far more important than an election outcome.

Please call Rick Perry’s office and demand that he release all reports at 512 463 1782. Please also check Scott Cobb’s post over at the The Burnt Orange Report and Daily Kos. He provides links to a petition and the site to send an email to Perry.

Texas must immediately declare a moratorium on all executions until a complete and thorough review of all procedures on all levels is done by an outside, non-partisan board of experts. One innocent death is one too many.

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Filed under Crime, Death Penalty, Elections, Law, Partisan Politics, Politics, Republicans, True Crime, Uncategorized, Violence

Nunn Charged In Murder Of Ex-Fiancée

Steve Nunn, booking photo

Steve Nunn, booking photo

TPMMuckraker—Steve Nunn, the Kentucky Republican former gubernatorial candidate and state lawmaker, has been charged in the murder of his former fiancée Amanda Ross.

As we told you Friday, Nunn was found with a gun and slit wrists in the cemetery where his parents are buried, hours after Ross — with whom he had had a tumultuous and violent relationship — was found shot to death in the parking lot of her Lexington apartment.

Nunn had spent the weekend in the hospital, before being taken yesterday morning to the Hart County jail. He had earlier been charged with violating the terms of a protective order obtained by Ross by carrying the gun, and with endangering a police officer by firing it after cops showed up at the cemetery.

The murder charges are contained in an arrest warrant obtained by Lexington police yesterday evening.

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To view our previous coverage:

Kentucky GOP Pol Found With Slit Wrists After Shooting Death Of Ex-Fiancée

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Kentucky GOP Pol Found With Slit Wrists After Shooting Death Of Ex-Fiancée

Kentucky Herald Leader

Lexington Herald Leader—After months of trying to use the legal system to protect herself from her former fiancée, 29-year-old Amanda Ross was found shot to death early Friday outside her home in downtown Lexington.
Hours later, the man she feared, former state representative and one-time gubernatorial candidate Steve Nunn, was taken into police custody at the edge of the Hart County cemetery where his parents are buried.

Nunn had slit his wrists after placing mementos on his parents’ graves, officers said.

Nunn and Ross attended the governor's Kentucky Derby party in 2008.

Nunn and Ross attended the governor's Kentucky Derby party in 2008.


Nunn was charged with six counts of wanton endangerment of a police officer after police say he fired a .38-caliber handgun when officers began arriving at the cemetery. Nunn, 56, was listed in fair condition in a Bowling Green hospital late Friday.

Lt. Douglas Pape, Lexington police spokesman, said Nunn was a person that detectives “would like to talk to” in relation to Ross’s death.

No charges had been filed in the slaying as of late Friday.

There were no witnesses to the early-morning shooting, though neighbors in Ross’s gated townhome complex said they heard five shots fired and heard Ross scream.

Lexington police received a call about the shooting at Opera House Square Townhomes at 6:34 a.m. Officers arrived at 541 West Short Street minutes later and found Ross lying in the back corner of the parking lot.

After finding Ross, police had issued an alert to other police agencies for Nunn, who is the son of the late Gov. Louie B. Nunn and was a candidate for governor in 2003.

Cont’d

Profile of Steve Nunn
Profile of Amanda Ross
Statement from Amanda Ross’s family
Audio clip of Nunn in court in August
Nunn’s citation
Summary of complaint against Nunn
Original EPO order against Nunn
Extended EPO order against Nunn
Contempt of court order
Amended domestic violence order
Nunn’s pre-trial order
Nunn pleads not guilty to domestic-violence charges
Former gov. candidate Nunn to face arraignment
Nunn resigns cabinet position

More coverage from TPM

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