Saturday, January 24, 2009

Saturday News Hole -- 1.24.09

Our Mainstream Media Betters at Work
Remember how Congressional Republicans touted this week's CBO report as evidence that Obama's stimulus plan wouldn't work? Yeah, the thing about that is, well, the CBO never issued a report. Didn't stop the AP from filing, though. Fill them pews, people!

Merrill's Shareholders Owe Me. And You.
Not only did Merrill Lynch shell out $4 billion in bonuses for top executives as the company was being acquired by Bank of America, the pricks also forked over half-billion stockholder divided in November, just weeks before the merger and as the company was lobbying for more of that tasty bailout coin.

But it Really Held the Room Together
Zachary Roth over at TPM has put together a monster list of former Merrill Lynch CEO John Thain's most grievous offenses. From the $1.2 million executive suite redecoration to the "Fuck you, I'm going to Davos" stance to that little chair-throwing episode, Thain appears to have actually raised the bar for Executive Malfeasance.

I See What You Did There, Ms. Guilfoyle
So... if torture works, it was a valid course of action. If it doesn't work, then it wasn't torture. For those of you scoring at home, this is the logical equivalent of claiming, "If I got her into bed, then she obviously wanted it. But if I didn't get her into bed, there's no way it was sexual assault."

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