The Wonk Monkey has been ill the last few days. No amount of bannana’s or scratching could get him to play close attention to the news. That said, he is feeling better today so he is back to work. Good Monkey.
The Fed is starting to subpoena Hedge Funds on suspicions of insider trading.
The bombings of a South Korean island by North Korea is an attempt to better position themselves for the upcoming peace negotiations.
There are 860 banks that are on the Federal Governments list of problematic financial companies in danger of being shut down.
Joseph Lieberman will need to either retire or run as a Republican in 2012.
It is Half True that Thomas Jefferson called regulations and “endemic weakness.”
Scott accurately quoted Jefferson, but he took the line out of context to advance his own argument against government regulation. Jefferson was no big-government liberal (He once lauded the "suppression of unnecessary offices (and) useless establishments and expenses."). But in this case he was more upset about King George than he was about government intervention. We rate Scott’s statement Half True.
It is Mostly True that free trade has brought about a 2 billion trade deficit.
Yet even if we were to put those numbers aside and only use the Commerce Department numbers, Brown’s figures were close to the mark before the recession. This year is not the best year to measure the normal effects of trade, and no one can predict the future; perhaps the trade deficit will stabilize at a lower number such as $500 billion a year, or $1.36 billion a day. Perhaps it won’t.
But based on the historical trends, regardless of which data source is used, we say Brown’s claim is Mostly True.
An Executive has been arrested for Insider Trading, and more are expected in the future.
Elizabeth Warren was instrumental in getting President Obama to veto a bill that would have sped up foreclosures. In light of the robo signing problem that banks are now facing, it looks like she was correct in opposing this bill.
The bill, which passed both houses of Congress and awaited President Obama's signature to become law, essentially would have compelled notaries to accept out-of-state notarizations, regardless of the rules in those states.
State officials across the country--who have been pursuing probes looking into wrongdoing within the foreclosure process-- feared that those jurisdictions with lax standards could have become hotbeds for foreclosure documentation fraud. Lenders and mortgage companies could have used those states as central clearing houses to produce bogus foreclosure paperwork, and then export those documents to other states with more stringent regulations--an expedient bypass around the strictures.
WikiLeaks is about to strike again.
Classified U.S. diplomatic cables reporting corruption allegations against foreign governments and leaders are expected in official documents that WikiLeaks plans to release soon, sources said on Wednesday.
So much for the vow to stop Pork Barrel Spending.
Only three days after GOP senators and senators-elect renounced earmarks, Arizona Sen. Jon Kyl, the No. 2 Senate Republican, got himself a whopping $200 million to settle an Arizona Indian tribe's water rights claim against the government.
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