Politics, Religion and Terrorism | Bill Maher | September 19, 2008

Andrew Sullivan, Broadcatching, Naomi Klein, Politics, Real Time, Religion, Religulous, Shock Doctrine, terrorism, Tullycast

What is John McCain Really Thinking? | Bill Maher Translates

Barack Obama, Comedy, Election 2008, Hillary Clinton, John McCain, Politics, Racism, Tullycast

"California Knows How to Party" New Rules From Bill Maher | September 19, 2008

AIG, Andrew Sullivan, Goldman Sachs, Iraq, Morgan Stanley, Naomi Klein, Politics, Real Time, Shock Doctrine, Tullycast, Wall Street

Real Time w/ Bill Maher | Naomi Klein and The Shock Doctrine

AIG, Andrew Sullivan, Goldman Sachs, Iraq, Morgan Stanley, Naomi Klein, Politics, Real Time, Shock Doctrine, Tullycast, Wall Street

"The Splurge is Working" | Bill Maher | September 19, 2008

AIG, Andrew Sullivan, Barack Obama, Goldman Sachs, Iraq, Joe Biden, John McCain, Morgan Stanley, Naomi Klein, Politics, Real Time, Sarah Palin, Shock Doctrine, Tullycast, Wall Street

The Sarah Palin Way | Bill Maher, Naomi Klein, Andrew Sullivan and will i am

9/11, Barack Obama, Bin Laden, Broadcatching, Election 2008, George W. Bush, Lehman Brothers, Merrill Lynch, Morgan Stanley, Obama, Politics, Real Time, Tullycast, Youtube

add to del.icio.us :: Add to Blinkslist :: add to furl :: Digg it :: add to ma.gnolia :: Stumble It! :: add to simpy :: seed the vine :: :: ::

Paul Krugman With Bill Maher : "We Need Better Government"

AIG, Barack Obama, J.P. Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, Mortgage Crisis, Politics, Subprime, Tullycast, Wall Street

Andrew Sullivan Just Can't Believe It | Bill Maher | September 19, 2008

9/11, Afghanistan, Banking, Barack Obama, Bin Laden, Election 2008, Mortgage Crisis, Osama Bin Laden, Politics, Real Time, Sarah Palin, terrorism, Tullycast, Video, Wall Street, Youtube

Senator, Target of Anthrax Letter, Challenges F.B.I. Finding

Stories

NEW YORK TIMES

WASHINGTON — Senator Patrick J. Leahy,
chairman of the Senate Judiciary Committee and a target of the anthrax
letters of 2001, said Wednesday that he did not believe the F.B.I.’s contention that an Army scientist conducted the attacks alone.

At a hearing of his committee, Mr. Leahy told the F.B.I. director, Robert S. Mueller III, that even if the bureau was right about the involvement of the scientist, Bruce E. Ivins, who killed himself in July before ever being charged, he thought there were accomplices.

“If he is the one who sent the letter, I do not believe in any
way, shape or manner that he is the only person involved in this attack
on Congress and the American people,” said Mr. Leahy, Democrat of
Vermont.

“I believe there are others involved, either as accessories
before or accessories after the fact,” he added. “I believe
there are others who can be charged with murder.”

Mr. Leahy, who has received special briefings on the investigation
because one of the anthrax-laced letters was addressed to him, later
declined to elaborate. “Sorry,” said an aide, David Carle,
“but he said his piece and does not intend to comment further
today.”

Mr. Leahy was one of several senators at the hearing who raised
questions about the bureau’s case. But Mr. Mueller said he stood
by the conclusion that Dr. Ivins, who worked at the Army biodefense
laboratory at Fort Detrick, Md., was solely responsible for the attacks.

Even after the anthrax case is formally closed, a step that
officials say is likely in three to six months, “if we receive
additional evidence indicating the participation of any additional
person, we certainly would pursue that,” Mr. Mueller said.

On Tuesday, Mr. Mueller said he had asked the National Academy of Sciences to convene an expert panel to review the bureau’s scientific work on the case.

But Senator Charles E. Grassley,
Republican of Iowa, said Wednesday that he did not think that was
adequate. Mr. Grassley said the academy “would only be reviewing
the science and not the detective work,” and added, “I
believe we need an independent review of both.”

The hearing underscored the challenge the bureau faces in persuading
Congress and the public that the case is resolved. In the audience was Steven J. Hatfill,
another former Army biodefense scientist, whom the F.B.I. pursued as a
suspect for several years before the Justice Department cleared him
this summer and paid $4.6 million to settle a lawsuit he had filed
against the government.

Dr. Hatfill did not speak. But Senator Grassley asked Mr. Mueller:
“Should not the F.B.I. apologize to Dr. Hatfill? Please explain
how chasing an innocent man for four years was not a mistake.”

Mr. Mueller replied that investigators had done nothing
“inappropriate.” The settlement, he said, was not for
scrutinizing Dr. Hatfill but for leaking information about him to the
news media. “I abhor those leaks,” he said.

Mr. Leahy pressed Mr. Mueller to say what laboratories in the United
States were capable of producing dry powder anthrax like that used in
the attacks, specifically asking about the Dugway Proving Ground, an
Army center in Utah, and the Battelle Memorial Institute, a government
contractor in Ohio, both of which have made such powder in small
quantities in the past.

But Mr. Mueller said he could answer the question only in a closed
session because the matter involved classified information. The secrecy
appeared likely to fuel rumors, circulating on the Internet and denied
by the F.B.I., that the attacks had some link to a secret government
bioweapons program.

Mr. Mueller, F.B.I. director since just before the terrorist attacks
of Sept. 11, 2001, was criticized at the hearing by Mr. Leahy and
others for what they described as his record of failing to answer in a
timely manner the committee’s questions on a broad range of
subjects.

But he was praised for what senators characterized as his courage
in resisting some Bush administration counterterrorism tactics,
including harsh interrogation methods and elements of the National Security Agency’s domestic surveillance program.

“Against intense and hostile pressure from the highest offices
in the land,” said Senator Sheldon Whitehouse, Democrat of Rhode
Island, “you stood for the principle that all public offices have
public duties and responsibilities.”

The World Banks Get Together and Pump $180 Billion Into Financial System

Stories

Central banks pump up the dollars

As banks hoard cash and lending dries up, Fed plus 5 to pump $180 billion into system.

By Chris Isidore, CNNMoney.com senior writer

NEW YORK (CNNMoney.com) — The Federal Reserve and five other central banks around the globe announced joint efforts early Thursday to try to pump an additional $180 billion into the battered global financial system.

The Fed joined with the European Central Bank, the Swiss National Bank, the Bank of Japan, Bank of England and Bank of Canada in the coordinated effort.

“These measures, together with other actions taken in the last few days by individual central banks, are designed to improve the liquidity conditions in global financial markets,” said the Fed’s statement. “The central banks continue to work together closely and will take appropriate steps to address the ongoing pressures.”

The bankruptcy of Lehman Brothers and the Fed rescue of insurance giant American International Group (AIG, Fortune 500) this week has led to a tightening of credit in global markets.

Major banks have become even more reluctant to lend to each other on an overnight basis because of worries about unknown financial problems with other institutions and a desire to hoard cash to protect themselves.

Even money market managers are reluctant to loan money to banks, preferring to buy short-term Treasurys instead. That demand has driven up the price of Treasurys and driven down the yield, or interest rate, that those government instruments pay.

The yield on the 3-month Treasury bill fell briefly into negative territory for the first time since 1940 and closed Wednesday at 0.04%.

“Liquidity has never been in shorter supply in the credit markets during this painful episode,” said Kevin Giddis, managing director and head of fixed income for investment bank Morgan Keegan.

Bond prices slipped narrowly, lifting yields only slightly. The three-month had a yield of 0.105% in early trading. Giddis said the markets are looking for a more permanent solution than the one announced by the central banks Thursday.

“Based on nearly every metric that’s used in our business, a clear message has emerged over the last couple of days’ of trading activity: those with capital are reluctant to lend until the near term visibility becomes a little more certain,” he added.

The New York Federal Reserve Bank Thursday also pumped $55 billion into the nation’s financial system. That comes on top of $70 billion that it pumped into the system Tuesday.

The announcement of coordinated action Thursday helps provide dollars to foreign banks that needed the U.S. currency to transact business, but had been unable to access the Fed directly the way U.S. banks can. While the Bank of England and European Central had pumped money into their own financial systems earlier this week, that had been in the own currency, not dollars.

The ECB will get a $55 billion increase in the dollars it can loan out, doubling what it had already received under an earlier swap program, while the Swiss National Bank will receive an additional $15 billion on top of an earlier $12 billion program.

The Bank of Japan, Bank of England and Bank of Canada set up new swap programs with the Fed, with Japan getting $60 billion, England getting $50 billion and Canada getting $10 billion.

The swap program provides essentially no risk for the Fed since the U.S. central bank is receiving the same amount of cash back from its foreign counterparts.  To top of page