Can JPMorgan Bear The Load?
JPMorgan Chase appears close to closing the deal to acquire Bear Stearns. The arrangement, just 2 days after Bear Stearns stock price dropped 46% in a single trading session, would value the teetering financial services company at about $236 million ($2 per share)....DSM Register: Spitzer’s Privacy Invaded by Feds
There is little need to retrace the Eliot Spitzer story except to say: he got caught with a prostitute and apparently was using a form of structuring (attempting to get around federal bank reporting rules) in an attempt to hide the source and/or use of funds. ...Time to Clean Up the Senate
I’ve said it a number of times here in the past: the real power is in the US Congress. Presidents can negotiate with foreign leaders, take military action (to an extent), and manage the administration as approved (more or less) by Congress. And then a little...GOP Has Its Problems Too
Christopher J. Ward, former treasurer for the National Republican Congressional Committee, is under investigation for allegedly embezzling as much as a million dollars of the organization’s money. When our people mess up, we do it Texas-style. Of course,...
Resign Yourself to This #2
Geraldine Ferraro is the next contestant on “Who Wants The Most Media Attention?”. Today she resigned from Hillary’s Finance Committee because of remarks considered racist regarding Obama. She had essentially said that Obama’s campaign was...Resign Yourself to This #1
Not surprisingly, Eliot Spitzer did resign today as Governor of New York, ,effective Monday. There is lots and lots of pundit commentary on this today (see Memeorandum). I’m sorry for his family, and I’m glad he did the right thing. A coworker of mine made...Veto is Solid on Torture Bill
House Republicans made the right choice today when they helped hold the line on Bush’s veto of the bill intended to ban waterboarding. Democrats are resting on the wrong principle here in trying to protect the rights of terrorists. They are convinced they are on...Spitzer Disappoints
New York Governor Eliot Spitzer today confirmed he met with a prostitute in a Washington hotel room. He apologized for his actions and said little more. He did not say if he planned to resign. “I apologize first and most importantly to my family. I apologize...
Silver Star Goes To Woman Serving In Afghanistan
For shielding her injured comrades and treating them while under fire, a woman medic in the 82nd Army Airborne Division will be awarded the Silver Star. Spc. Monica Lin Brown, a 19-year-old from Texas, is will receive the award for showing valor by saving the lives of...Stay in Touch
