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Fatster’s Roundup

Lorraine O. Brown, the only “individual singled out for actual jail time for her role in the massive mortgage document fraud that plagued this nation”

Good morning!

International Developments

? “America’s promise of democracy is anything but . . . for Iraqi women; Iraq’s jailers learned their abuses from the allied occupiers.  And under today’s sectarian regime, women are under assault”.

? Leaflets [signed by a new Shiite militant group] are “turning up at Sunni households in the Iraqi capital’s Jihad neighborhood . . . bearing a chilling message: Get out now or face ‘great agony’ soon.”

? “Lebanon’s president and prime minister urged Syria . . .  to stop shelling Lebanese territory after four Lebanese were killed by gunfire from the Syrian side of the border”.

? “Italian election results: gridlock”

? Centre-right leader Nicos Anastasiades elected President of Cyprus.

? “US Caught in Awkward Embrace of Myanmar ‘Crony'”.

? “Scotland’s Roman Catholic archbishop, Cardinal Keith O’Brien, has resigned amid allegations that he abused four men studying to be priests in the 1980s.”

International Finance

? Dead horses everywhere, including in Ikea’s frozen meatballs, in Europe.

? “How Austerity Stifled The British Economy (And The Rest of Europe) In Three Charts.”

? Grounding  the F-35 fleet “will complicate a push this week by Lockheed and U.S. officials to convince Australian lawmakers and generals . . . to buy 100 of the jets.”

? “5 Reasons the World Is Catching on to the Financial Transaction Tax“, including increased revenues and encouragement for “real growth”.

? As Italy’s Mario Monti departs, the Financial Times takes on Krugman.

Money Matters USA

? Telling comparisons between the US and Norway along with key economic variables–Average CEO Compensation, Employment Protections, Hourly Wages, Unemployment, Poverty, etc.

? “White House releases state-by-state breakdown of sequester’s effects.”

? “How Eric Cantor Gave Us an Endless Series of Fiscal Crises“–including the looming sequester, a “horrible monster”.  (PS:  he’s got a 27% favorable rating in VA.)

? Bill Black:  “President Obama has revealed his real preferences in the current blame game by not calling for a clean bill eliminating the Sequester. . ..  The only logical inference . . . is that Obama remains committed to inflicting the ‘Grand Bargain’ . . . on the nation”.

Krugman: Republicans “don’t care about the deficit.  They care about exploiting the deficit to pursue their goal of dismantling the social insurance system. They want a fiscal crisis; they need it; they’re enjoying it.”

? DDay on the only “individual singled out for actual jail time for her role in the massive mortgage document fraud that plagued this nation. . . . she stands alone among the multitudes of fraudsters, including those at the highest reaches of the financial industry.”

? Much lip service for closing the “carried interest loophole” which hugely benefits “private equity and hedge fund managers . . . venture capitalists and partners in real estate investment trusts”.  Little action because “of the financial lobby’s clout”.

? 58% of Hill Poll respondents say the “Pentagon should bear the brunt of deficit cuts”.

? Deficits are the number one concern of 87% of the wealthy.  “In contrast, only 7 percent of the general public mentions deficits or the national debt as the most important problem facing the country; more than 50 percent cite the economy and jobs.” [cont’d.]

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Dan Wright

Dan Wright

Daniel Wright is a longtime blogger and currently writes for Shadowproof. He lives in New Jersey, by choice.