Illinois Threat to Bank of America Is Dangerous, Critics Say

[don]

http://www.bloomberg.com/apps/news?p...d=agOFtufX.FXQ

"Illinois Governor Rod Blagojevich’s threat to halt the state’s dealings with Bank of America Corp. over a shut-down factory in Chicago extends a “dangerous” trend of politicians meddling with commerce, a former general counsel of the Federal Deposit Insurance Corp. said."

Besides "you can't make this level of hubris up" together with an airing of America's class conflict free environment , it will be interesting to see how this is "contained". I expect some serious damage control is going on around erasing this response by fed up working people to the too obvious class disparities endlessly in play.

This is a classic class-grounded Black Swan event.

[FRED]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

http://www.bloomberg.com/apps/news?p...d=agOFtufX.FXQ

"Illinois Governor Rod Blagojevich’s threat to halt the state’s dealings with Bank of America Corp. over a shut-down factory in Chicago extends a “dangerous” trend of politicians meddling with commerce, a former general counsel of the Federal Deposit Insurance Corp. said."

Besides "you can't make this level of hubris up" together with an airing of America's class conflict free environment , it will be interesting to see how this is "contained". I expect some serious damage control is going on around erasing this response by fed up working people to the too obvious class disparities endlessly in play.

This is a classic class-grounded Black Swan event.

Welcome to the United States of Argentina. It all starts with too much debt.

[don]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

Things are moving quickly.

Illinois Gov. Blagojevich taken into federal custody: report

By MarketWatch
Last update: 9:36 a.m. EST Dec. 9, 2008

NEW YORK (MarketWatch) -- Illinois Gov. Rod Blagojevich has been taken into federal custody at his Chicago home Tuesday morning, according to a report from the Chicago Tribune, which cited an unnamed source. The newspaper said that the action comes amid allegations that pay-to-play politics could affect his pending choice of a Senate replacement for President-elect Barack Obama.

Spitzer'd ?

[Sapiens]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

Illinois Governor Rod Blagojevich arrested

http://www.chicagotribune.com/news/c...,1537801.story

Gov. Rod Blagojevich and his chief of staff John Harris were arrested today by FBI agents on federal corruption charges.

Tribune staff report
9:00 AM CST, December 9, 2008

Updated at 9:08 a.m.: Blagojevich and Harris were arrested simultaneously at their homes at about 6:15 a.m., according to the FBI. They were transported to FBI headquarters in Chicago, where they remained at 9 a.m.

Updated at 9 a.m.: Blagojevich is slated to appear before U.S. Magistrate Judge Nan Nolan today at a time that has not yet been scheduled, according to Randall Samborn of the U.S. attorney's office.

Updated at 8:57 a.m.: On the issue of the U.S. Senate selection, federal prosecutors alleged Blagojevich sought appointment as Secretary of Health and Human Services in the new Obama administration, or a lucrative job with a union in exchange for appointing a union-preferred candidate.

Blagojevich and Harris conspired to demand the firing of Chicago Tribune editorial board members responsible for editorials critical of Blagojevich in exchange for state help with the sale of Wrigley Field, the Chicago Cubs baseball stadium owned by Tribune Co.

Blagojevich and Harris, along with others, obtained and sought to gain financial benefits for the governor, members of his family and his campaign fund in exchange for appointments to state boards and commissions, state jobs and state contracts.

"The breadth of corruption laid out in these charges is staggering," U.S. Attorney Patrick Fitzgerald said in a statement. "They allege that Blagojevich put a 'for sale' sign on the naming of a United States senator; involved himself personally in pay-to-play schemes with the urgency of a salesman meeting his annual sales target; and corruptly used his office in an effort to trample editorial voices of criticism."

...

[Jay]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

Is he going to share a cell with Elliot Spitzer?

[metalman]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

Illinois Governor Rod Blagojevich arrested

http://www.chicagotribune.com/news/c...,1537801.story

could have been worse. at least he wasn't assassinated... Huey Long, Upton Sinclair, Ham and Eggs… What Almost Was

wonder how long ej's got before the fire econ boyz come after him? charges...

-failing to file the proper papers to get the necessary permissions from the proper authorities to run a blog
-contributing to the intellectual stimulation of adults without a license
-viewing images of nude underage horses and cows

throw the book at him!!!

seriously, this guy Blagojevich is a special kind of bad pol...

http://blagosblunders.blogspot.com/

http://www.impeachblago.com/

so... how does such a crooked guy get elected in the first place? and what does that say about chicago politics? and what does that say about our president who succeeded in chicago politics?

[Sapiens]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

It is good to know the Fed's are keeping the scum in line, cannot have them thinking they can get too big for their britches...

[metalman]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

It is good to know the Fed's are keeping the scum in line, cannot have them thinking they can get too big for their britches...

the fire econ masters practice selective prosecution of scum...

[Sapiens]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

the fire econ masters practice selective prosecution of scum...

And that's the way it should be. Can't control an honest man, that is, if there is such thing...

[mikedev10]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

nobody likes blago, i think his approval ratings are at like 12%. even his own party hates him. he can rot in jail with our last governor!

[WDCRob]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

http://www.bloomberg.com/apps/news?p...d=agOFtufX.FXQ

"Illinois Governor Rod Blagojevich’s threat to halt the state’s dealings with Bank of America Corp. over a shut-down factory in Chicago extends a “dangerous” trend of politicians meddling with commerce, a former general counsel of the Federal Deposit Insurance Corp. said."

Good god. How much simpler could it get? Bank makes promises to employees. Bank gets itself into trouble and is bailed out using workers' taxes. Bank breaks promises to employees. FDIC says evil workers and their misguided supporters are messing things up.

This is the kind of thing that leads to flaming pieces of cloth being stuck in the top of gas-filled bottles. The FIRE economy pigs have gotten so fat, dumb and comfortable in the last 25 years they can't imagine that the rest of the country might not go along forever.

[don]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

Hubris appears to still reign. Regardless of how corrupt the Gov may be, the timing is a dead-on warning. The gloves are coming slowly but steadily off.

(Does anyone believe there's not a dossier on every elite politician in America? A basic ticket of admission, double pun intended. )

[tree]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

Now I've seen almost everything -- the feds defending freedom of the press! ahahahahahah!

[tsetsefly]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

Updated at 8:57 a.m.: On the issue of the U.S. Senate selection, federal prosecutors alleged Blagojevich sought appointment as Secretary of Health and Human Services in the new Obama administration, or a lucrative job with a union in exchange for appointing a union-preferred candidate.

.... How ironic

[don]

Re: Illinois Threat to Bank of America Is Dangerous, Critics Say

Come with us now to the area between dawn and dusk, between sunshine and the darkness. Come with now to the Gray Area....

"Ever since the country’s founding, prosecutors, defense lawyers and juries have been trying to define the difference between criminality and political deal-making. They have never established a clear-cut line between the offensive and the illegal, and the hours of wiretapped conversations involving Mr. Blagojevich, filled with crass, profane talk about benefiting from the Senate vacancy, may fall into a legal gray area."

The Gray Area, where the real deals are cut and the real money is made....

http://www.nytimes.com/2008/12/16/us...ef=todayspaper