Archive for March, 2009

“The first thing that would make me feel a little bit better towards them if they’d follow the Japanese model and come before the American people and take that deep bow and say I’m sorry, and then either do one of two things — resign, or go commit suicide.” – Sen. Charles Grassley (R-Iowa) on AIG bonuses.

Mea Culpa

Posted: March 13, 2009 in Economy
Tags: , , ,

madoff

As expected, Bernard Madoff pleaded guilty to all 11 criminal counts during his hearing and went to jail immediately after it was over.

But to get a sense of how vast and deliberate his scheme was, read his statement to the court. Absolutely mind-boggling stuff.

Sen. David Vitter (R-La.) last week:

According to an HOH tipster who witnessed the scene, the Louisiana Republican arrived Thursday evening at his United Airlines gate 20 minutes before the plane was scheduled to depart, only to find the gate had already been closed. Undeterred, Vitter opened the door, setting off a security alarm and prompting an airline worker to warn him that entering the gate was forbidden.

Vitter, our spy said, gave the airline worker an earful, employing the timeworn “do-you-know-who-I-am” tirade that apparently grew quite heated.

Sen. Larry Craig (R-Idaho) in 2007:

After he was arrested, Craig, who is married, was taken to the Airport Police Operations Center to be interviewed about the lewd conduct incident, according to the police report. At one point during the interview, Craig handed the plainclothes sergeant who arrested him a business card that identified him as a U.S. Senator and said, “What do you think about that?” the report states.

Curiously enough, Roll Call broke both stories.

Not a good sign… Soon we will probably have at least one, if not several major cities, without a daily newspaper. Sad state of the economy and the industry.

Madoff expected to plead guilty for running a $50 billion Ponzi scheme in court today. He could spend the rest of his life in prison.

Dr. Gupta stays at CNN and Emory Hospital.

queenofhearts

The Hill is reporting that one RNC member is calling on Michael Steele to step down as chairman barely a month into his tenure.

Josh Marshall has a few background details on the RNC member, who is one out of only three African Americans on the national committee.

From a PR standpoint, the past few weeks have been a series of self-inflicted gaffes for Michael Steele, culminating with his apology to Rush Limbaugh, which was politically embarrassing for him and the party at large. Add to this the fact that his campaign expenses from the 2006 Maryland Senate race are now in question, and you have some nervous Republicans with preliminary stages of buyer’s remorse.