More about the big foreclosure settlement

From Matt Taibbi:

In advance of that notorious settlement, the government ordered banks to hire "independent" consultants to examine their loan files to see just exactly how corrupt they were. Now it comes out that not only were these consultants not so independent, not only did they very likely skew the numbers seriously in favor of the banks, and not only were these few consultants paid over $2 billion (over 20 percent of the entire settlement amount) while the average homeowner only received $300 in the deal – in addition to all of that, it appears that federal regulators will not turn over the evidence of impropriety they discovered during these reviews to homeowners who may want to sue the banks. In other words, the government not only ordered the banks to hire consultants who may have gamed the foreclosure settlement in favor of the banks, but the regulators themselves are hiding the information from the public in order to shield the banks from further lawsuits."
You owe it to yourself to click the link to Rolling Stone. Taibbi's article features Senator Warren grilling the corrupt government agencies who are protecting the corrupt banks. This is unbelievable stuff, except that it's real.

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Democracy in action–American style–in Afghanistan

"Democracy" in action in Afghanistan is described in the NYT:

KABUL, Afghanistan — For more than a decade, wads of American dollars packed into suitcases, backpacks and, on occasion, plastic shopping bags have been dropped off every month or so at the offices of Afghanistan’s president — courtesy of the Central Intelligence Agency. All told, tens of millions of dollars have flowed from the C.I.A. to the office of President Hamid Karzai, according to current and former advisers to the Afghan leader.
How has this cash benefited anyone?
[T]here is little evidence that the payments bought the influence the C.I.A. sought. Instead, some American officials said, the cash has fueled corruption and empowered warlords, undermining Washington’s exit strategy from Afghanistan.
Yes, this is democracy in action, American Style, complete with large amount of secret cash being transferred. And this is in addition to the two billion dollars per week that we have been wasting in Afghanistan for a decade. All of this occurring at a time when American politicians claim that they don't have enough money to provide the basics for Americans.

Continue ReadingDemocracy in action–American style–in Afghanistan

Congress foists weapons on army

The army says it doesn't need new Abrams tanks, but Congress is buying them anyway. What more proof would one need that the political system is corrupt, that it is broken, that it is not responding to the needs of the American people, that we have pervasive corporate welfare?

Lawmakers from both parties have devoted nearly half a billion dollars in taxpayer money over the past two years to build improved versions of the 70-ton Abrams. But senior Army officials have said repeatedly, "No thanks." It's the inverse of the federal budget world these days, in which automatic spending cuts are leaving sought-after pet programs struggling or unpaid altogether. Republicans and Democrats for years have fought so bitterly that lawmaking in Washington ground to a near-halt. Yet in the case of the Abrams tank, there's a bipartisan push to spend an extra $436 million on a weapon the experts explicitly say is not needed.

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Bradley Manning barred as S.F. Gay Pride Grand Marshal; abusive corporations welcomed.

Glen Greenwald reports that Bradley Manning may not be honored at this year's San Francisco Gay Pride Parade, though corrupt and abusive corporations are welcome:

So apparently, the very high-minded ethical standards of Lisa L Williams and the SF Pride Board apply only to young and powerless Army Privates who engage in an act of conscience against the US war machine, but instantly disappear for large corporations and banks that hand over cash. What we really see here is how the largest and most corrupt corporations own not just the government but also the culture. Even at the San Francisco Gay Pride Parade, once an iconic symbol of cultural dissent and disregard for stifling pieties, nothing can happen that might offend AT&T and the Bank of America. The minute something even a bit deviant takes place (as defined by standards imposed by America's political and corporate class), even the SF Gay Pride Parade must scamper, capitulate, apologize, and take an oath of fealty to their orthodoxies (we adore the military, the state, and your laws). And, as usual, the largest corporate factions are completely exempt from the strictures and standards applied to the marginalized and powerless. Thus, while Bradley Manning is persona non grata at SF Pride, illegal eavesdropping telecoms, scheming banks, and hedge-fund purveryors of the nation's worst right-wing agitprop are more than welcome.

Greenwald also points out the flaw in Ms. Williams' thinking, which is a conflation I often hear, even among many folks who think of themselves as progressive:
Equating illegal behavior with ignominious behavior is the defining mentality of an authoritarian - and is particularly notable coming from what was once viewed as a bastion of liberal dissent.
And how should one now characterize the Gay Pride parade?
Yet another edgy, interesting, creative, independent event has been degraded and neutered into a meek and subservient ritual that must pay homage to the nation's most powerful entities and at all costs avoid offending them in any way.

Continue ReadingBradley Manning barred as S.F. Gay Pride Grand Marshal; abusive corporations welcomed.

Inventing gods to control the things that scare us

Why would someone invent a god? There are lots of conceivable reasons. One might be lonely, scared or feeling lost, and belief in could provide comfort. Two books I’m reading have provided a different but consistent perspective on this question of why people invent gods. One of the books, Thinking,…

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