The strange and consequential case of Bradley Manning, Adrian Lamo and WikiLeaks Glenn Greenwald. Salon
Hands Across the Sands (hat tip reader Tim S)
BP chief quits role in oil leak response Financial Times. The company is utterly incapable of telling the truth. The chairman said 2/3 of the leak was now being captured. The Coast Guard puts it at 25,000, with a “probable 35,000” still leaking. Do the math. 25,000/60,000 ain’t very close to 2/3.
BP Used Cheaper Design for More Wells Than Most Peers Wall Street Journal
Alan Simpson: Cutting Social Security Benefits to “Take Care of the Lesser People in Society” Jane Hamsher. The video has a lot of entertainment value, in a sick way.
Ridleyed With Errors George Monbiot
New Bank Fees: How to Fight Back Wall Street Journal
Peddling Relief, Industry Puts Debtors in a Deeper Hole New York Times
Clearing up misinformation about Section 716 Economics of Contempt
Study to stir dollar-renminbi debate Financial Times
MAD MEAT! How Securitized Lending Collapsed the Financial System, Eric Von Berg (a commercial property mortgage banker and was the President of the California Mortgage Bankers Association during the heat of the market who has been watching “Regulatory Reform” as a member of the Commercial Board of Governors of the Mortgage Bankers Association of America). This is an absolutely must read! It has a few pages of set up to a fable of sorts, but when you get to page 6 of the slide presentation, it becomes laser sharp and funny. To wit:
The disclosures were typically so numerous and far fetched that the real risks were overlooked…
Sponsor Disclosure. Sponsor has various conflicts of interest. Not printed: We set up a book making operation taking bets on whether you will get sick and die from this product. Are we also making bets? “You betcha!” Which side are we betting on? According to the SEC, we are allowed to tell you, “None of your business!”
Antidote du jour (hat tip reader furzy mouse):