Paying AIG Counterparties 2X For Same Toxic Trash?

This morning, Frank Rich asks us in his weekly NY Times column:  "Has a 'Katrina Moment' Arrived?" There's a diary on the Daily Kos Rec List about this article as I write this. But, this diary is about a bit of new information relating to compensation received to date, and going forward, by entities such as AIG.

For the record, however, I would answer, "Yes," to Frank Rich's question.

But, I say that knowing that there may be an even bigger outrage behind the AIG story than just executive compensation issues. It may be somewhat of a scoop, too. Then again, maybe not. You tell me?

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Rich on Obama: Future Shock Manager-In-Chief

Frank Rich hits it out of the park in his column in this Sunday's New York Times. His own observations, combined with references to the under-acknowledged prescience of Nouriel Roubini and the steeped-in-history thinking of Richard Florida, are nothing short of spot-on poignancy in:  "What We Don't Know Will Hurt Us ."

I can't tell you how many times and how many ways I've tried (and somewhat failed) on these blogs to communicate what Rich so eloquently succeeds at today, but it is gospel, at least to me. So, with Mr. Rich's wonderful template in today's NY Times, here goes...

As Rich so concisely tells us, the truth is, it's not what we don't know, it's: "Do we really want to know?"

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Frank Rich slices and dices McCain

If you haven't gotten around to reading the Times today, take a time out and read Frank Rich's column: Truthiness Stages a Comeback

Rich has written a series of scathing pieces on McCain and Palin in the last few weeks, but today's column actually puts the Keating 5 on the table, which has been virtually verboten elsewhere.

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The Real McCain

Cross posted at The Forvm

Frank Rich has an op-ed in yesterday's New York Times that answers the question, "Why isn't Obama leading in the polls by double digits?". LINK

So why isn't Obama romping? The obvious answer -- and both the excessively genteel Obama campaign and a too-compliant press bear responsibility for it -- is that the public doesn't know who on earth John McCain is. The most revealing poll this month by far is the Pew Research Center survey finding that 48 percent of Americans feel they're "hearing too much" about Obama. Pew found that only 26 percent feel that way about McCain, and that nearly 4 in 10 Americans feel they hear too little about him. It's past time for that pressing educational need to be met.

What is widely known is the skin-deep, out-of-date McCain image. As this fairy tale has it, the hero who survived the Hanoi Hilton has stood up as rebelliously in Washington as he did to his Vietnamese captors. He strenuously opposed the execution of the Iraq war; he slammed the president's response to Katrina; he fought the "agents of intolerance" of the religious right; he crusaded against the G.O.P. House leader Tom DeLay, the criminal lobbyist Jack Abramoff and their coterie of influence-peddlers.

With the exception of McCain's imprisonment in Vietnam, every aspect of this profile in courage is inaccurate or defunct.

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Frank Rich On ABC's "Tawdry" Debate

As usual Frank Rich doesn't mince words in looking at ABC's Debate:

Shoddy! Tawdry! A Televised Train Wreck!

Of course, Obama fans were angry because of the barrage of McCarthyesque guilt-by-association charges against their candidate, portraying him as a fellow traveler of bomb-throwing, America-hating, flag-denigrating terrorists.

This line of attack trys to ignore the fact that America's most dammaging traitors now occupy our White House.

Ludicrous as the whole spectacle was, ABC would not have been so widely pilloried had it not tapped into a larger national discontent with news media fatuousness. The debate didn't happen in a vacuum; it was the culmination of the orgy of press hysteria over Mr. Obama's remarks about "bitter" small-town voters. For nearly a week, you couldn't change channels without hearing how Mr. Obama had destroyed his campaign with this single slip at a San Francisco fund-raiser. By Wednesday night, the public was overdosing.

I agree that Americans are fed up with this kind of hysterical trivia reaching a saturation point in the media.

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