Mumford & Sons – The Cave

An evening pause:

So come out of your cave walking on your hands
And see the world hanging upside down
You can understand dependence
When you know the maker’s hand.

So make your sirens call
And sing all you want.
I will not hear what you have to say.
Cause I need freedom now
And I still know how
To live my life as it’s meant to be.

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House Democrats are not paying their dues to the party’s central committee.

Indicating the trends: House Democrats are not paying their dues to the party’s central committee.

As of June 30, 64 Democrats β€” around one-third of the entire caucus β€” hadn’t paid anything to the DCCC, according to a party document provided to POLITICO. Another 109 members had paid only a portion of what they owe in dues, which are calculated based on seniority and committee assignments.

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Because of a new federal regulation, passengers who use US Airways for only part of their flight will have to check their bags and go through security again when they switch airlines.

Thank you DOT and US Airways: Because of a new federal regulation, passengers who use US Airways for only part of their flight will have to check their bags and go through security again when they switch airlines.

It appears that US Airways is at much at fault here as the DOT. Read the article.

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The Obama administration has approved a deal between Space Systems/Loral and a Chinese satellite company, even though this is the same company that leaked crucial satellite technology to China in the past.

Here we go again: The Obama administration has approved a deal between Space Systems/Loral and a Chinese satellite company, even though this is the same company that leaked crucial satellite technology to China in the past.

Loral is the same company that gave big donations to Bill Clinton and the Democratic Party back in the 1990s, then got permission to make a launch deal with the Chinese. Shortly thereafter it was learned that the Chinese had obtained restricted and crucial military satellite technology from the arrangement.

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β€œThe suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true.”

From the man whose job it was to police the $700 billion TARP bailout:

The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true.

The regulatory culture of the banking industry that this book describes possibiy explains why Jon Corzine has not yet been prosecuted. Regulators and prosecutors are afraid to proceed out of fear of hurting their careers.

Worse, Barofsky describes a banking regulatory system that is still in place, and is therefore ripe for another collapse. No wonder the tea party movement was born out of outrage over TARP and the bank bailout, and is still growing.

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