Daily Flog: Heads roll on Wall Street, in Texas; houses, jobs whacked across U.S.
Big noose in Texas this month: The hangingest state in the nation is celebrating 10 executions in 30 days.
Tuesday's lethal injection of Joseph Ray Ries kicked off the bloodfest. Read the Agence France Presse preview.
You'd think that Wall Street's investment bankers and lawyers could use a shot in the arm. If an injection of $700 billion hasn't done the trick, and constant needling by the press seems futile, maybe the only thing left to do is invoke the death penalty.
By coincidence, I just happen to be reading Ronan Bennett's Havoc, in Its Third Year. Because I haven't finished it, I'll let the Washington Post's Carolyn See describe it in her 2004 review:
One more glimpse, this one from Ian Thompson in the Spectator (U.K.):
You'd think that George W. Bush, the hangingest governor in U.S. history, should have read it. But we already know that Bush doesn't read.
And he obviously no longer cares. Returning to the lazy-faire days of its pre-9/11 activities, the Bush administration is focused on shaping its legacy — not to mention the pardons list it's now compiling. But Americans will remember the Bush regime for its mania to control Iraq and its refusal to control Wall Street.
Deregulation, rather than the Bremer Rules, might have worked well as a policy for the former; deregulation is a disaster when applied to the U.S. economy. Unless you think it's a good thing that foreclosure filings have risen 71 percent and that more and more people are losing their jobs.
We should have invaded Wall Street instead of Iraq. But it's the Dow of Bush. Try to stay calm.
By the way, don't watch this morning's webcast of another of the Waxman Committee hearings on the meltdown. Usually it's good entertainment. But today's hearing, "The Role of Federal Regulators," stars Alan Greenspan, SEC Chairman Christopher Cox, and former Treasury Secretary John Snow. You won't see their blood on the floor.
Maybe something else will click . . .
NO PARTICULAR ORDER:
Village Voice: 'Mayor Mugabe: Bloomberg's Velvet Coup' (Tom Robbins)
The Age (Australia): 'US stocks wilt'
Register (U.K.): 'Ohio elections website hacked as vote scuffle gets ugly'
Wall Street Journal: 'Plans to Aid Borrowers Gain Steam'
Register (U.K.): 'Greenpeace on fusion: Whatever it is, we're against it'
Uruknet (Italy): 'Mutant Seeds for Mesopotamia'
Wall Street Journal: 'Bernanke Endorses Obama'
Register (U.K.): 'Dutch court convicts teens for stealing pixels'
Washington Post: 'Job Losses Accelerate, Signaling Deeper Distress'
Wall Street Journal: 'Poll Shows Opposition to Gay Marriage Ban'
Wall Street Journal: 'Goldman to Cut 10% of Jobs as Downsizing Wave Grows'
Dawn (Pakistan): 'Kabul admits holding talks with Taliban'
IRIN (UN): 'Medical mission denied entry into Gaza'
Register (U.K.): 'One billion unwanted opinions in real-time: Now SHOUTED at you'