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One of the advantages

 of reading TPM was  being exposed to people who actually knew what they were talking about..

The collapse of the housing market in 2008 was much less of a surprise to any of us who had for years been reading Dean Baker’s  repeated  explanations that housing had become a bubble which would go the way of all bubbles For example , in 2006.

Rajaratnam's down ,yawn.

Raj's conviction , will change nothing, is a waste of money and effort and is completely divorced from the  sub prime / CDO financial crisis. With respect to that  I agree with Des and others who complain about the fact no legal action has been taken against anyone- despite acknowledging Gillian Tett's (FT) theory that lhe brilliant people on Wall Street particularly use their billiance to find a way to just avoid acting illegally.

Meanwhile in the rest of the world

here's part of what bitterlemons was debating this week.

http://www.bitterlemons.net/     

 Members of the Hamas leadership also publicly mourned and eulogized assassinated al-Qaeda leader Osama Bin Laden, in sharp contrast to statements made by Palestinian Authority Prime Minister Salam Fayyad and others in the West Bank. 

Bring him back alive.

                                   Capture Team Stood

                                      By for Bin Laden


...............senior officials also said that two teams of specialists were on stand by:One to bury Bin Laden if he was killed, and a second composed of lawyers,interrogators and translaters in case he was captured alive. That team was set to meet aboard a Navy ship........

Pakistan agreed

it's true even tho Juan Cole says it,kgb.

 

 

http://www.juancole.com/

Juan Cole on OBL's "illegitimate" end

http://www.juancole.com/

the United Nations Charter ......... recognizes the right of a state to defend itself from attack. Bin Laden had demonstrated that he............. would attack the United States. He was ......... having US troops ..................................................... attacked  .............. every day............ wouldn’t the US have the same right to defend itself as everyone else?

Torture Is Us

Let's review the bidding.

o Around 8 years ago torture produced some facts  which did not lead to Osama.

o Last year without torture we learned some things which did.

o We don't know the decisiveness of  those   8 year old facts.Maybe they were crucial in causing us to focus  on something we might have overlooked.  Or merely interesting :"oh, there's that guy again".

o We won't be told by the Govt. We'll learn from a leak. 

Eyeless in Abbotabad

From Juan Cole today.

It turns out that the US military has to share the humiliation of Bin Laden’s having been right under their noses in Abbotabad. State Department cables revealed by Wikileaks confirm that there were 100 US military trainers at the Pakistan Military Academy in Abbotabad sometime in or after 2008.

Wanna fight?

Over at Brad Delong's there has been some fervent expressions of opinions about this. Tar and Feathers were mentioned.

Savanarola and the Oilogopoly

"In Australia , the RX 201 , 935 dollars"

Pause. Then a different voice

"In South Africa , the landesmeer goes to 2080 rand"

Pause. Another voice

"Germany. The fixed compressor operated XYZ. 5010 deutschmarks"

Long pause. Last voice

"United States. The hand held nut runner. 425 dollars."

Pause. "Got to get a plane."

"Safe trip"

"See you next time".

You've just attended a price fixing session.courtesy of The  Voice of Flavandia.

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