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Dayen’s News Roundup from October 17, 2011

Early roundups were done by switchboard operators (photo: nix-pix)

I think I’m done for Monday. More exciting blog fights tomorrow!

• Maybe a partial deal on the Catfood Commission II to wipe out some of the trigger is expected in Washington, but I’m still going with no agreement. It’s been where the smart money is for the last year.

• Matt Taibbi says Occupy Wall Street is a transpartisan movement. Maybe for now, but somehow the tribal tendency will get involved. It did begin as a transnational movement, says Mother Jones. And it has the kind of decentralized structure where ideas can zip 3,000 miles from a blog into the center of Times Square in a matter of hours.

• Nick Kristof calls OWS America’s primal scream. And what we have learned is that primal screams come at a pitch too high for the Wall Street Journal to hear. Despite the silence from that New York-area paper, New York City approves of OWS.

• The CLASS Act’s demise could strengthen the case for the individual mandate, according to Jon Cohn, because it shows that a voluntary program on long-term care insurance wasn’t actuarially sound. That does little for the crisis in long-term care, of course. And if the Prevention Fund is next, that would be a true disaster.

• It’s worth putting the demands of Wall Street financiers on their legislators to “protect” them in some context, but given the destructive capacity of Wall Street, it’s a little like saying Illinois’ Senators should have protected the likes of Al Capone in the 1920s, especially if he paid his proper rate of tax.

• A great piece on what right-wing government is doing in the Midwest, from Mac McClelland. [cont’d]

• Now a House Republican chairman is directing his staff to look into fraud from mortgage bankers. Of course, this has to do with defrauded veterans, the main bright line the banks aren’t allowed to cross without a political reaction.

• Bernie Sanders wants you to boycott the big banks.

• A deep-dive from Michael Hastings into the Administration’s thinking on Libya, one whole humanitarian intervention ago.

• Paul Krugman nailed it, film at 11.

• We may get some kind of compromise to save the postal service, but that doesn’t mean it will be at all optimal for postal carriers or customers.

• Those state’s rights types should welcome the innovative laboratories of democracy in the states tinkering with the health care law. They should want to accelerate the waiver process that would facilitate it.

• Koch Brothers cat’s paw Herman Cain is still in very good position to win the GOP nomination. Imagine there’s no pizza.

• Jim DeMint either will or will not endorse Mitt Romney. That is all.

• Wow, Kinde Durkee got DiFi for $4.7 million, and other California legislators for hundreds of thousands more. Total malpractice by virtually everyone in the California Democratic establishment that this went on for this long.

• Corporate boards of directors pretty much go along with the CEO almost all of the time. I don’t know that you needed a study to figure that out, but now you have one.

• The US may have to pull out of UNESCO thanks to a couple bad laws from Congress and Palestine’s looming inclusion into the world body.

• Interesting that, just after the new trade deals are passed by Congress, the Gap and Banana Republic pick Panama and Colombia for expansion of their stores.

• Only cutting five cabinet-level departments? Ron Paul’s going soft in his old age.

• Great analysis of the end of the Iraq war from Juan Cole. John McCain is angry again about all of this, of course, and for no good reason.

• Prepare for a civil war in Syria, according to one UN official. Meanwhile, the Arab League did not suspend Syria, which was the first step to intervention in Libya.

• Just 13 working days until Thanksgiving for the House of Representatives. Good work if you can fundraise from millionaires to get it!

• The banks are doing fine, or at least a few of them are, if you account for phony accounting. Wait until BofA’s earnings report.

• BP settles with one of its contractors on the Deepwater Horizon well, getting $4 billion out of them.

• Research in Motion offers Blackberry apps for free to those affected by last week’s outages. That’ll do it! Incidentally, my Blackberry never had a problem.

Show us on the trilogy where George hurt you.

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David Dayen

David Dayen