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mudvillegazette.com - 2/24/2009

A New Twist

— mudvillegazette.com — Stop me if you've heard this one before. (But you haven't. So hear me out.) Three retired... military senior officers walk into a bar an editorial page - a USAF Colonel and General and an Army General, and ask President Obama to right the wrongs of the Bush administration... Our rules of ... (more) A New Twist

General David Petraeus

Comments vote downundo vote up Greyhawk posted 2/24/2009posted this

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talkingpointsmemo.com - 3/5/2009

Back To AIG

— talkingpointsmemo.com — As reported earlier today, AIG -- which is already 80% owned by the US government -- is... poised to go back to the government trough for more money. (Remember, we've already committed roughly $150 billion to AIG.) So I want to come back again ... (more) Back To AIG

Comments vote downundo vote up TPMMuckraker found this 3/5/2009found this

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corner.nationalreview.com - 2/24/2009

Who Sues?

— corner.nationalreview.com — It certainly seems clear to me that giving D.C. voting rights in Congress by statute is unconstitutional,... but if Congress and the president permit it, who can sue to stop it? I'm not asking rhetorically; who has standing? Given the clear language of ... (more) Who Sues?

Washington, D.C

Comments vote downundo vote up Whiskey Fire found this 2/24/2009found this

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AIG To Sue Federal Government.
RedState: Conservative News and Community — (Via AoSHQ) I have a suggestion for the Federal government. Find whoever it is that made this decision: In Twist, AIG Sues Its Benefactor Over Taxes In the midst of its negotiation with the federal government over revised terms of its bailout, American International Group Inc. sued the U.S. on Friday over a disputed $306 million in taxes, interest and penalties. The suit steps up a battle with the Internal Revenue Service largely over AIG’s use of a controversial type of “tax arbitrage” transaction that authorities ...

Now We're Paying Their Defense Costs
Agitprop: Or How I Learned to Stop Worrying and Love the Propaganda — ... .  AIG is also suing us over a tax matter, so we’re paying to sue ourselves.  And now we’re going to pay for AIG to defend itself from … ...

Trade Secrets
Talking Points Memo — ... is that it`s not a bailout of AIG. It`s a bailout of the counterparties. Now, who are these counterparties? In fact, we don`t know precisely, because the government won`t tell us. And AIG views this information as a trade secret. Why AIG has any standing to have trade secrets at this point escapes me since the US taxpayer has already shelled out many times the companies worth to keep the company from going belly up. And in case you missed it, AIG just sued the IRS over $300 million in unpaid taxes stemming from its "tax arbitrage" operations. ...