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By Brenda Wineapple
$18.45
by Juan Cole
$35.00
$18
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news.bbc.co.uk
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In an apparent contradiction of the official Washington line, U.S. special envoy Frank Wisner has publicly stated that beleaguered Egyptian President Hosni Mubarak should stay in power in order to oversee a transition to democratic rule.
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By E.J. Dionne, Jr. — We are at the beginning of a great popular rebellion against those who showed no self-restraint when it came to lining their own pockets.
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AP photo / Mark Lennihan
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In a letter to House Financial Services Committee Chairman Barney Frank, reprinted here, New York Attorney General Andrew Cuomo shares what his office has discovered so far about AIG’s scandalous bonuses, which “made more than 73 millionaires in the unit which lost so much money that it brought the firm to its knees, forcing a taxpayer bailout.”
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Flickr / respres
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After pumping hundreds of billions into the banking system with not much to show for it, Fed chief Ben Bernanke says he will try to reduce the number of foreclosures. As he put it to Rep. Barney Frank: “The goal of the policy is to avoid preventable foreclosures on residential mortgage assets that are held, owned or controlled by a Federal Reserve Bank.”
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Rep. Barney Frank, the first openly gay member of Congress, isn’t happy about the “high honor” Barack Obama has bestowed on the Rev. Rick Warren, who recently likened gay marriage to incest and pedophilia. This isn’t a speech at a forum, the congressman points out, but a role that is “traditionally given as a mark of great respect.”
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house.gov
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Just a day after negotiations seemed to break down, House Speaker Nancy Pelosi struck a confident tone. So did Rep. Barney Frank, who threw in some of his patented sass: “Now that Sen. McCain is safely in Mississippi, we can get to serious work.”
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AP photo / Charles Dharapak
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It seems that some key officials involved in the negotiations with the Bush administration over the terms of Treasury Secretary Henry Paulson’s $700-billion bailout proposal for Wall Street aren’t about to make a deal unless it includes specific plans for congressional oversight and help for homeowners on the brink of foreclosure.
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commons.wikimedia.org
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There’s a lot the president doesn’t like about the new housing bill, just passed by the House, but he’ll hold his nose and sign it. The package includes huge guarantees for Freddie Mac and Fannie Mae—the national debt ceiling had to be lifted by about $800 billion, just in case—but also rescue for hundreds of thousands of homeowners at risk of foreclosure.
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Though he referred specifically to the gay non-discrimination bill, Rep. Barney Frank made an impassioned plea for realism among activists that could be applied to the war, the environment or any other major issue of the day. He warned that imperfect legislation can help millions of people, unless “ideologically committed single-issue groups” are given a veto.
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One thing we love about Rep. Barney Frank is his total unwillingness to allow an interviewer to step on his answer, misrepresent his argument and then slither away. Neil Cavuto practices the dark arts for Fox News in this particular interview, as Frank steadfastly defends his position on exorbitant CEO pay against an avalanche of nasal smugness.
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The Democratic congressman from Massachusetts slams the GOP for its attempt to legislate morality in the realm of online poker (while Republicans hypocritically protect other forms of gambling). Money quote: “If we were to outlaw for adults everything that college students abuse we would all just sit at home and do nothing!”
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The Democratic congressman from Massachusetts puts the GOP representative from Arizona in his place while debating the N.Y. Times censure issue.
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The fiery N.Y. Times columnist returns from book leave with an attack on the real “traitors” in America: a White House that has compounded lies with incompetence to spy on Americans, run “black site” Eastern European prisons and prosecute an unjust war.
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Real American Boy: How Our Byzantine Immigration System and Failed Economy May Have Made a Terrorist
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