• Guests:
  • Topics:
    • The death of Herr Müller.
    • Plutonomics.
    • Is America no longer a country by and for all the people?
    • How corporate personhood is undoing democracy
    • How far is the right wing willing to go to divide and conquer?
    • "REPUBLICAN GOMORRAH: Inside the Movement that Shattered the Party"
    • Labor news update - "Activists protesting big bank 'bail out bandits'...calling for real reform to to protect working families"
  • Bumper Music:
  • Today's newsletter has details of today's guests and links to the major stories and alerts that Thom covered in the show, plus lots more. If you haven't signed up for the free newsletter yet, please do. If you missed today's newsletter, it is in the archive.
  • Article: Toxic rally set to boost banks by Aline van Duyn and Francesco Guerrera.

    "The recent rally in the markets for "toxic" securities could deliver a significant boost to US banks' third-quarter earnings if financial groups decide to book accounting gains on assets that caused them billions of dollars in losses during the crisis.

    Wall Street executives and analysts say the significant rise in the price of mortgage-backed securities and other once-battered debt offers banks the first meaningful chance to "write up" some of the value of these distressed assets."

  • Article: Goldman bucks trend with hiring spree at asset management arm by Kate Burgess.

    "Goldman Sachs has launched an aggressive recruiting drive to build its asset management business at a time when its rivals are pulling back from fund management.

    The US bank will hire up to 200 staff across all regions in an attempt to establish a dominant position as one of the world's leading asset managers. In 2007 Goldman was ranked 17th in the world in terms of assets under management.

    "We are moving back on the offensive," Marc Spilker told the Financial Times in his first interview since being appointed co-head of the bank's investment management business in June 2008.

    The move comes as several of its rivals, such as Credit Suisse and Barclays, have reined back their global asset management ambitions amid sharp falls in assets and revenues"

  • Old Wisconsin Statute:

    Political contributions by corporations.
    No corporation doing business in this state shall pay or contribute, or offer consent or agree to pay or contribute, directly or indirectly, any money, property, free service of its officers or employees or thing of value to any political party, organization, committee or individual for any political purpose whatsoever, or for the purpose of influencing legislation of any kind, or to promote or defeat the candidacy of any person for nomination, appointment or election to any political office.

    Penalty. Any officer, employee, agent or attorney or other representative of any corporation, acting for and in behalf of such corporation, who shall violate this act, shall be punished upon conviction by a fine of not less than one hundred nor more than five thousand dollars, or by imprisonment in the state prison for a period of not less than one nor more than five years, or by both such fine and imprisonment in the discretion of the court or judge before whom such conviction is had and if the corporation shall be subject to a penalty then by forfeiture in double the amount of any fine and if a domestic corporation it may be dissolved, if after a proper proceeding upon quo warranto, in either the circuit or supreme court of the state to be prosecuted by the attorney general of the state, the court shall find and give judgment that section 1 of this act has been violated as charged, and if a foreign or non-resident corporation its right to do business in this state may be declared forfeited.

  • Article: Bachmann in St. Louis: Defund the Left, Beware One-World Currency By David Weigel.

    "After the speech, Bachmann had only a few minutes to sign autographs and collect a stack of CDs and books from fans who’d followed her into the lobby. I caught up to her as she headed outside and asked if she had any response to the murder of a Kentucky census worker, having noticed that the Census, a constant target for Bachmann, did not figure into her speech. Bachmann recoiled a little at the question and turned to enter her limo.

    “Thank you so much!” she said."

  • Santa Clara County vs. Southern Pacific Railroad, 1886.
  • From the chat room. dkliman:

    "thomhartmann we never ran around the world forcing democracy on anybody at gunpoint... we ran around the world stealing countries' resources at gunpoint under the name of bringing democracy."

  • TV ad: Ad: Hold Max Baucus Accountable.

    "BING: My name is Bing Perrine and I live here in Billings, Montana, with my beautiful wife and baby boy. Last June, I collapsed because of congenital heart problems. I need open-heart surgery, but I have no insurance and no company will insure me.

    My friends and family have been a blessing. With hearts as big as a Montana sky, they have helped with bake sales and benefits. But my wife and I still owe over $100,000 in medical bills.

    None of this debt would have piled up if I had the option of buying into a public health insurance plan.

    Private insurance companies need competition. They profit by denying care to people like me.

    Senator Baucus, when you take millions of dollars from health and insurance interests that oppose reform — and oppose giving families like mine the choice of a public option — I have to ask: whose side are you on?"

  • Article: "Gaps in bombing tapes revealed" (Oklahoma City) (AP).

    "OKLAHOMA CITY - Long-secret security tapes showing the chaos immediately after the 1995 bombing of the Oklahoma City federal building are blank in the minutes before the blast and appear to have been edited, an attorney who obtained the recordings said Sunday.

    "The real story is what's missing," said Jesse Trentadue, who obtained the recordings through the federal Freedom of Information Act. "Four cameras in four different locations going blank at basically the same time on the morning of April 19, 1995. There ain't no such thing as a coincidence," Trentadue said."

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