Calif. Senator Charged in Big Corruption

February 22, 2014

Democrats have been in control of California legislature for over 40 years. When you think of all the problems in this state (are we not the laughingstock of the country?) then keep this in mind.

LOS ANGELES –  A California state senator was charged Friday with accepting $100,000 in bribes, lavish trips and no-show jobs for his children in exchange for pushing legislation to benefit a hospital engaged in billing fraud and participating in a film industry tax scheme that actually was an FBI sting.

The 24-count federal indictment against Sen. Ron Calderon, a Democrat from a politically prominent family in Los Angeles’ blue-collar suburbs, depicts a rogue legislator eager to trade his clout at the state Capitol to enrich himself and his family. His brother Tom, a former state lawmaker-turned-lobbyist, was charged with money-laundering for funneling bribes through a tax-exempt group he controlled, prosecutors said.

via Calif. senator charged in big corruption case | Fox News.

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The Destruction of Economic Facts – BusinessWeek

April 29, 2011

The Destruction of Economic Facts – BusinessWeek

This is huge and well worth reading… titled “The Destruction of Economic Fact”, this article is about how financial rules have been changed to circumnavigate the truth in order to gain short term profit. The end result is not just uncertainty, but an erosion of stability that previously attracted so much worldwide investment into the US economy.

Money quote:

…businesses are left to figure out reality on the basis of connections, influence, and private information. Just like we do in developing and former communist countries.


MSM and John Edwards – Both Guilty

March 4, 2011

Instapundit » Blog Archive » MICKEY KAUS: Here is the problem I have with indicting John Edwards. I just want to point out th…

More fuel for my rage against the press… bastards. Again, this was one of the press’ favorites and he was so close to a presidential nomination.


Cause of the Financial Crisis

March 2, 2011

Zombie » Outside Job: Using the Oscars to legitimize a political theory

Good stuff shedding light on liberal advocates pushing lenders to make bad loans, then decrying efforts by those banks to turn bad money into good, and all while proudly twisting the truth in an Oscar winning movie.

Yup – sounds like a liberal.

The meltdown was not caused by the bankers who mislabeled their risky debt; the economy would have collapsed no matter who was holding the bag when it all went sour. The only crime committed by the villains depicted in Inside Job was to make sure they weren’t personally liable when all those bad investments went kablooey.

And I like this description of big business… because this is what a large company that’s trying to attract investors is SUPPOSED to be like:

It’s clever to stir up populist outrage against the fatcats who tried to enrich themselves when everyone else went broke. Who doesn’t hate devious fatcats? Even I hate them. But in this case I know that they didn’t cause the recession: they merely tried to profit from it. Because that’s what fatcats do: They try to profit from anything, in any financial climate. That’s what makes them fatcats.

And finally the bit about fooling a TV audience that’s more interested in entertainment than politics… but maybe took the bait as well:

But most Americans will never know any of this. Inside Job dominates the headlines, and the thesis it puts forth is the accepted wisdom of an angry nation. Only the few of you reading this essay, plus a handful of researchers and analysts, are aware that there’s a different side to the story. I concede my likely defeat in this particular battle from the War of Ideas. But all I can do is call it like I see it, a tiny voice in a hurricane of disinformation blowing in the other direction.


Chicago and California – One and the Same

February 27, 2011

Rahm Emanuel transition team member resigns after questions on state ethics violations – chicagotribune.com

Where oh where to start…

Let’s begin with Judy Erwin, former IL lawmaker busted last year for conducting campaign business while on the governement clock. In other words, during Barak Obama’s campaign in 2008 she was getting paid by non-partisan taxpayers to work on a partisan campaign. A big no-no, which not only got her fined and fired but she also was made to promise never again to work for the state of IL.

All of this came to light last summer.

But things get busy and it’s easy to forget promises made in the bliss of summer, especially those that come with a fine and losing your job. Why should we wonder at her paid position on newly elected Rahm Emanuel’s transition team? This was a political explosion that even Rahm recognized needed swift attention.

Next we’ll move to Rahm’s campaign theme of ethical reform… Rahm Emanuel… the guy who needed a state supreme court decision to calculate just how much he bent the residency law to legally make the Chicago ballot.

Put it this way – Rahm Emanuel is to ethics like Hollywood is to Christianity. Any attempt to even pretend there’s a connection will only convince those who are either incredibly foolish or who truly want to be fooled.

Which brings me and my battered California ego to ask the question, “Who the hell voted for this guy… based on ETHICS?!!” And the only reason I mention California is because the rest of the nation wonders at why we still vote the same incumbents into office despite the obvious disaster that sticks to their hands (see 2nd time gov Jerry Brown and Sen. Barbara Boxer, teacher and public employee unions).

So the only explanation I can see is it really is the same in Chicago as California. Gerrymandered voting districts, voter rolls filled with dead people, and media bias willing to turn a blind eye.

No wonder Chicago looks so familiar to this California native.


Rules of a Liberal Media

February 20, 2011

Caroline Glick :: Lara Logan and the media rules

Choice selections:

Identity politics revolve around the narrative of victimization. For adherents to identity politics, the victim is not a person, but a member of a privileged victim group. That is, the status of victimhood is not determined by facts, but by membership in an identity group. Stories about victims are not dictated by facts. Victim stories are tailored to fit the victim. Facts, values and individual responsibility are all irrelevant.

In light of this, a person’s membership in specific victim groups is far more important than his behavior. And there is a clear pecking order of victimhood in identity politics.

Anti-American Third World national, religious and ethnic groups are at the top of the victim food chain. They out-victim everyone else.

After them come the Western victims: Racial minorities, women, homosexuals, children and animals. [Editorial Note: I would add the environment to this list.]

Israelis, Jews, Americans, white males and rich people are the predetermined perpetrators. No matter how badly they are victimized, brave reporters will go to heroic lengths to ignore, underplay or explain away their suffering.

Towards the end the truth is summarized:

Identity politics are nothing more than socially acceptable bigotry. Those who practice them are racist bigots who have replaced liberal values that hold everyone to the same moral and criminal standards with illiberal values that judge people’s morality and criminality by the identity group with which they are most readily associated.

When we understand identity politics, we understand how it is that the wholesale assaults against foreign journalists have received so little analysis. Lara Logan and the other hundred reporters attacked in Tahrir Square are real victims, not because of who they are, but because of what happened to them. The Egyptians who attacked them are real criminals, not because of who they are, but because of what they did.


SEC Laws For The Little People

November 20, 2010

Capitol Hill’s Stock Trading: What the Academic Research Concludes – Deal Journal – WSJ

Did you know Congress is exempt from stock insider trading laws?

As the Journal points out, a piece of legislation called the STOCK Act proposes to bar members of Congress from trading securities based on nonpublic information they obtain. The bill so far has languished.

“Is it really surprising that this has gotten stuck?” Bainbridge said in an interview. “Until there is a very big scandal, it’s one of those classic good government reforms that will go nowhere.”

Bastards.