www.GregPalast.com

“What was that ol' tiltypoo said about posting from blogs?
LOLOLOLOLOLOL”

“And yet not ONE, UNO, UN confirmed or credible report of anyone being refused to vote...unless you count the military votes that were thrown out by the Gore Crowd in 2000.

Tilty...here is the question, If it is SO BAD, and there was SO MUCH corruption in Florida (not to mention some of the Blue northern states)....why has Nothing come out of it?”

“Change your diaper.”

“Anyone else even mildly curious.... Set date range to "All" and read about Rove's ass't Tim Griffin and his voter caging operations.”

“Or go ahead and GOOGLE Black helicopters....oh tilt...sorry about your bud Robert Cook.”

“If basic comprehension wasn't so difficult for you I'd think you were willfully negligent as a citizen.”

“Good and Evil at the Center of the Earth:
A Quechua Christmas Carol
by Greg Palast

December 24th, 2007

[Quito] I don't know what the hell seized me. In the middle of an hour-long interview with the President of Ecuador, I asked him about his father.

I'm not Barbara Walters. It's not the kind of question I ask.

He hesitated. Then said, "My father was unemployed.”

He paused. Then added, "He took a little drugs to the States... This is called in Spanish a mula [mule]. He passed four years in the states- in a jail.”

He continued. "I'd never talked about my father before."

Apparently he hadn't. His staff stood stone silent, eyes widened.

Correa's dad took that frightening chance in the 1960s, a time when his family, like almost all families in Ecuador, was destitute. Ecuador was the original "banana republic" - and the price of bananas had hit the floor. A million desperate Ecuadorans, probably a tenth of the entire adult population, fled to the USA anyway they could.

"My mother told us he was working in the States."

His father, released from prison, was deported back to Ecuador. Humiliated, poor, broken, his father, I learned later, committed suicide.

At the end of our formal interview, through a doorway surrounded by paintings of the pale plutocrats who once ruled this difficult land, he took me into his own Oval Office. I asked him about an odd-looking framed note he had on the wall. It was, he said, from his daughter and her grade school class at Christmas time. He translated for me.

"We are writing to remind you that in Ecuador there are a lot of very poor children in the streets and we ask you please to help these children who are cold almost every night.”

It was kind of corny. And kind of sweet. A smart display for a politician.

Or maybe there was something else to it.

Correa is one of the first dark-skinned men to win election to this Quechua and mixed-race nation. Certainly, one of the first from the streets. He'd won a surprise victory over the richest man in Ecuador, the owner of the biggest banana plantation.

Doctor Correa, I should say, with a Ph.D in economics earned in Europe. Professor Correa as he is officially called - who, until not long ago, taught at the University of Illinois.

And Professor Doctor Correa is one tough character. He told George Bush to take the US military base and stick it where the equatorial sun don't shine. He told the International Monetary Fund and the World Bank, which held Ecuador's finances by the throat, to go to hell. He ripped up the "agreements" which his predecessors had signed at financial gun point. He told the Miami bond vultures that were charging Ecuador usurious interest, to eat their bonds. He said ‘We are not going to pay off this debt with the hunger of our people. ” Food first, interest later. Much later. And he meant it.

It was a stunning performance. I'd met two years ago with his predecessor, President Alfredo Palacio, a man of good heart, who told me, looking at the secret IMF agreements I showed him, "We cannot pay this level of debt. If we do, we are DEAD. And if we are dead, how can we pay?" Palacio told me that he would explain this to George Bush and Condoleezza Rice and the World Bank, then headed by Paul Wolfowitz. He was sure they would understand. They didn't. They cut off Ecuador at the knees.

But Ecuador didn't fall to the floor. Correa, then Economics Minister, secretly went to Hugo Chavez Venezuela's president and obtained emergency financing. Ecuador survived.

And thrived. But Correa was not done.

Elected President, one of his first acts was to establish a fund for the Ecuadoran refugees in America - to give them loans to return to Ecuador with a little cash and lot of dignity. And there were other dragons to slay. He and Palacio kicked US oil giant Occidental Petroleum out of the country.

Correa STILL wasn't done.

I'd returned from a very wet visit to the rainforest - by canoe to a Cofan Indian village in the Amazon where there was an epidemic of childhood cancers. The indigenous folk related this to the hundreds of open pits of oil sludge left to them by Texaco Oil, now part of Chevron, and its partners. I met the Cofan's chief. His three year old son swam in what appeared to be contaminated water then came out vomiting blood and died.

Correa had gone there too, to the rainforest, though probably in something sturdier than a canoe. And President Correa announced that the company that left these filthy pits would pay to clean them up.

But it's not just any company he was challenging. Chevron's largest oil tanker was named after a long-serving member of its Board of Directors, the Condoleezza. Our Secretary of State.

The Cofan have sued Condi's corporation, demanding the oil company clean up the crap it left in the jungle. The cost would be roughly $12 billion. Correa won't comment on the suit itself, a private legal action. But if there's a verdict in favor of Ecuador's citizens, Correa told me, he will make sure Chevron pays up.

Is he kidding? No one has ever made an oil company pay for their slop. Even in the USA, the Exxon Valdez case drags on to its 18th year. Correa is not deterred.

He told me he would create an international tribunal to collect, if necessary. In retaliation, he could hold up payments to US companies who sue Ecuador in US courts.

This is hard core. No one - NO ONE - has made such a threat to Bush and Big Oil and lived to carry it out.

And, in an office tower looking down on Quito, the lawyers for Chevron were not amused. I met with them.

"And it’s the only case of cancer in the world? How many cases of children with cancer do you have in the States?" Rodrigo Perez, Texaco's top lawyer in Ecuador was chuckling over the legal difficulties the Indians would have in proving their case that Chevron-Texaco caused their kids' deaths. "If there is somebody with cancer there, [the Cofan parents] must prove [the deaths were] caused by crude or by petroleum industry. And, second, they have to prove that it is OUR crude – which is absolutely impossible.” He laughed again. You have to see this on film to believe it.

The oil company lawyer added, "No one has ever proved scientifically the connection between cancer and crude oil." Really? You could swim in the stuff and you'd be just fine.

The Cofan had heard this before. When Chevron's Texaco unit came to their land the the oil men said they could rub the crude oil on their arms and it would cure their ailments. Now Condi's men had told me that crude oil doesn’t cause cancer. But maybe they are right. I'm no expert. So I called one. Robert F Kennedy Jr., professor of Environmental Law at Pace University, told me that elements of crude oil production - benzene, toluene, and xylene, "are well-known carcinogens." Kennedy told me he's seen Chevron-Texaco's ugly open pits in the Amazon and said that this toxic dumping would mean jail time in the USA.

But it wasn't as much what the Chevron-Texaco lawyers said that shook me. It was the way they said it. Childhood cancer answered with a chuckle. The Chevron lawyer, a wealthy guy, Jaime Varela, with a blond bouffant hairdo, in the kind of yellow chinos you'd see on country club links, was beside himself with delight at the impossibility of the legal hurdles the Cofan would face. Especially this one: Chevron had pulled all its assets out of Ecuador. The Indians could win, but they wouldn't get a dime. "What about the chairs in this office?" I asked. Couldn't the Cofan at least get those? "No," they laughed, the chairs were held in the name of the law firm.

Well, now they might not be laughing. Correa's threat to use the power of his Presidency to protect the Indians, should they win, is a shocker. No one could have expected that. And Correa, no fool, knows that confronting Chevron means confronting the full power of the Bush Administration. But to this President, it's all about justice, fairness. "You [Americans] wouldn't do this to your own people," he told me. Oh yes we would, I was thinking to myself, remembering Alaska's Natives.

Correa's not unique. He's the latest of a new breed in Latin America. Lula, President of Brazil, Evo Morales, the first Indian ever elected President of Bolivia, Hugo Chavez of Venezuela. All "Leftists," as the press tells us. But all have something else in common: they are dark-skinned working-class or poor kids who found themselves leaders of nations of dark-skinned people who had forever been ruled by an elite of bouffant blonds.

When I was in Venezuela, the leaders of the old order liked to refer to Chavez as, "the monkey." Chavez told me proudly, "I am negro e indio" - Black and Indian, like most Venezuelans. Chavez, as a kid rising in the ranks of the blond-controlled armed forces, undoubtedly had to endure many jeers of "monkey." Now, all over Latin America, the "monkeys" are in charge.

And they are unlocking the economic cages.

Maybe the mood will drift north. Far above the equator, a nation is ruled by a blond oil company executive. He never made much in oil - but every time he lost his money or his investors' money, his daddy, another oil man, would give him another oil well. And when, as a rich young man out of Philips Andover Academy, the wayward youth tooted a little blow off the bar, daddy took care of that too. Maybe young George got his powder from some guy up from Ecuador.

I know this is an incredibly simple story. Indians in white hats with their dead kids and oil millionaires in black hats laughing at kiddy cancer and playing musical chairs with oil assets.

But maybe it's just that simple. Maybe in this world there really is Good and Evil.

Maybe Santa will sort it out for us, tell us who's been good and who's been bad. Maybe Lawyer Yellow Pants will wake up on Christmas Eve staring at the ghost of Christmas Future and promise to get the oil sludge out of the Cofan's drinking water.

Or maybe we'll have to figure it out ourselves. When I met Chief Emergildo, I was reminded of an evening years back, when I was way the hell in the middle of nowhere in the Prince William Sound, Alaska, in the Chugach Native village of Chenega. I was investigating the damage done by Exxon's oil. There was oil sludge all over Chenega's beaches. It was March 1991, and I was in the home of village elder Paul Kompkoff on the island's shore, watching CNN. We stared in silence as "smart" bombs exploded in Baghdad and Basra.

Then Paul said to me, in that slow, quiet way he had, "Well, I guess we're all Natives now."

Well, maybe we are. But we don't have to be, do we?

Maybe we can take some guidance from this tiny nation at the center of the earth. I listened back through my talk with President Correa. And I can assure his daughter that she didn't have to worry that her dad would forget about "the poor children who are cold" on the streets of Quito.

Because the Professor Doctor is still one of them.

”

“

One Bush Left Behind
by Greg Palast

Here’s your question, class:

In his State of the Union, the President asked Congress for $300 million for poor kids in the inner city. As there are, officially, 15 million children in America living in poverty, how much is that per child? Correct! $20.

Here’s your second question. The President also demanded that Congress extend his tax cuts. The cost: $4.3 trillion over ten years. The big recipients are millionaires. And the number of millionaires happens, not coincidentally, to equal the number of poor kids, roughly 15 million of them. OK class: what is the cost of the tax cut per millionaire? That’s right, Richie, $287,000 apiece.

Mr. Bush said, “In neighborhoods across our country, there are boys and girls with dreams. And a decent education is their only hope of achieving them.”

So how much educational dreaming will $20 buy?

-George Bush’s alma mater, Phillips Andover Academy, tells us their annual tuition is $37,200. The $20 “Pell Grant for Kids,” as the White House calls it, will buy a poor kid about 35 minutes of this educational dream. So they’ll have to wake up quickly.

-$20 won’t cover the cost of the final book in the Harry Potter series.

If you can’t buy a book nor pay tuition with a sawbuck, what exactly can a poor kid buy with $20 in urban America? The Palast Investigative Team donned baseball caps and big pants and discovered we could obtain what local citizens call a “rock” of crack cocaine. For $20, we were guaranteed we could fulfill any kid’s dream for at least 15 minutes.

Now we could see the incontrovertible logic in what appeared to be quixotic ravings by the President about free trade with Colombia, Pell Grant for Kids and the surge in Iraq. In Iraq, General Petraeus tells us we must continue to feed in troops for another ten years. There is no way the military can recruit these freedom fighters unless our lower income youth are high, hooked and desperate. Don’t say, ‘crack vials,’ they’re, ‘Democracy Rocks’!

The plan would have been clearer if Mr. Bush had kept in his speech the line from his original draft which read, “I have ordered 30,000 additional troops to Iraq this year – and I am proud to say my military-age kids are not among them.”

Of course, there’s an effective alternative to Mr. Bush’s plan – which won’t cost a penny more. Simply turn it upside down. Let’s give each millionaire in America a $20 bill, and every poor child $287,000.

And, there’s an added benefit to this alternative. Had we turned Mr. Bush and his plan upside down, he could have spoken to Congress from his heart.

”

“Tilt...I am checking my copy but where in the Constitution are we guaranteed a college education?

I think we should demand EVERY KID get either a Heisman trophy or the Thugball (Basketball) or Baseball equivilent if they want it.

I mean say junior has spent his entire elementary, middle and high school career playing video games, but he gets to college...wouldn't it be nice if he could go to his next job with the Heisman on his record? I think there needs to be a government FREE MONEY program where they can cry to MOMMY and get it.....”

“Twenty dollars apiece.”

“I think college is irrelevant. THe money is there now through grants and loans for most anyone that wants college to get it. THe issue is that by middle school, education is largely irrelevant to large portions of the population. How do you make it relevant when it's not relevant to the parents? I don't have a clue.”

“That twenty's worth $14.87.”

“Dayhiker and XL, you seem to have missed the part about the $287,000 for the millionaires. Did you want to comment? Does it say in the Constitution that millionaires are entitled to tax reductions of $287,000?”

“I commented on neither amount. I wish there were a way to take about 50% of the prison budget, put it to education and in 20 years watch the prison population decline.”

“what exactly can a poor kid buy with $20 in urban America? - Tilt

So Bush's plan is to divvy the money out equally? Actually give $20 to each poor kid? Because if not, the author's point doesn't hold water.”

“Shoot white collar crooks and decriminalize the use of many drugs.”

“
Exxon suxx. McCain duxx
by Greg Palast
27 February 2008.

Nineteen goddamn years is enough. I’m sorry if you don’t like my language, but when I think about what they did to Paul Kompkoff, I’m in no mood to nicey-nice words.

Next month marks 19 years since the Exxon Valdez dumped its load of crude oil across the Prince William Sound, Alaska. A big gooey load of this crude spilled over the lands of the Chenega Natives. Paul Kompkoff was a seal-hunter for the village. That is, until Exxon’s ship killed the seal and poisoned the rest of Chenega’s food supply.

While cameras rolled, Exxon executives promised they’d compensate everyone. Today, before the US Supreme Court, the big oil company’s lawyers argued that they shouldn’t have to pay Paul or other fishermen the damages ordered by the courts.

They can’t pay Paul anyway. He’s dead.

That was part of Exxon’s plan. They told me that. In 1990 and 1991, I worked for the Chenega and Chugach Natives of Alaska on trying to get Exxon to pay up to save the remote villages of the Sound. Exxon’s response was, “We can hold out in court until you’re all dead.”

Nice guys. But, hell, they were right, weren’t they?

But Exxon didn’t do it alone. They had enablers. One was a failed oil driller named “Dubya.” Exxon was the largest contributor to George W. Bush’s political career after Enron. They were a team, Exxon and Enron. The Chairman of Enron, Ken Lay, prior to his felony convictions, funded a group called Texans for Law Suit Reform. The idea was to prevent Natives, consumers and defrauded stockholders from suing felonious corporations and their chiefs.

When George went to Washington, Enron and Exxon got their golden pass in the appointment of Chief Justice John Roberts. Today, as the court heard Exxon’s latest stall, Roberts said, in defense of Exxon’s behavior in Alaska, “What more can a corporation do?”

The answer, Your Honor, is plenty.

For starters, Mr. Roberts, Exxon could have turned on the radar. What? On the night the Exxon Valdez smacked into Bligh Reef, the Raycas radar system was turned off. Exxon shipping honchos decided it was too expensive to maintain it and train their navigators to use it. So, the inexperienced third mate at the wheel was driving the supertanker by eyeball, Christopher Columbus style. I kid you not.

Here’s what else this poor ‘widdle corporation could do: stop lying.

On the night of March 24, 1989, the Exxon Valdez was not even supposed to leave harbor.

If a tanker busts open, that doesn’t have to mean a thousand miles of shoreline gets slimed – so long as oil-slick containment equipment is in place.

On the night of March 24, 1989, the Exxon Valdez was not supposed have left port. No tanker can unless a spill containment barge is operating nearby. That night, the barge was in dry-dock, locked under ice. Exxon kept that fact hidden, concealing the truth even after the tanker grounded. An Exxon official radioed the emergency crew, “Barge is on its way.”

Paul’s gone – buried with Exxon’s promises. But the oil’s still there. Go out to Chenega lands today. At Sleepy Bay, kick over some gravel and it will smell like a gas station.

What the heck does this have to do with John McCain? The Senator is what I’d call a ‘Tort Tart.’ Ken Lay’s “Law Suit Reform” posse was one of the fronts used by a gaggle of corporate lobbyists waging war on your day in court. Their rallying cry is ‘Tort Reform,’ by which they mean they want to take away the God-given right of any American, rich or poor, to sue the bastards who crush your child’s skull through product negligence, make your heart explode with a faulty medical device, siphon off your pension funds, or poison your food supply with spilled oil.

Now, all of the Democratic candidates have seen through this ‘tort reform’ con – and so did a Senator named McCain who, in 2001, for example, voted for the Patients Bill of Rights allowing claims against butchers with scalpels. Then something happened to Senator McCain: the guy who stuck his neck out for litigants got his head chopped off when he ran for President in the Republican Party in 2000 for what one lobbyists’ website called McCain’s, “his go-it-alone moralism.”

So the Senator did what I call, The McCain Hunch. Again and again he grabbed his ankles and apologized to the K Street lobbyists, reversing his positions on, well, you name it. For example, in 2001, he said of Bush’s tax cuts, “I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us at the expense of middle-class Americans.” Now, in bad conscience, the Senator vows to make these tax cuts permanent.

On “Tort Reform,” the about-face was dizzying. McCain voted to undermine his own 2001 Patients Bill of Rights with votes in 2005 to limit suits to enforce it. He then added his name to a bill that would have thrown sealhunter Kompkoff’s suit out of federal court.

In 2003, McCain voted against Bush’s Energy Plan, an industry oil-gasm. But this week, following Exxon’s report that it sucked in $40.6 billion in earnings last year, the largest profit haul in planetary history, McCain failed to join Clinton, Obama, most Democrats and some Republicans on a bill to require a teeny sliver of industry profit go to alternative energy sources. On oil independence, McCain is AWOL, missing in action.

Well, Paul, at least you were spared this.

I remember when I was on the investigation in Alaska, fishermen, bankrupted, utterly ruined – Kompkoff’s co-plaintiffs in the suit before the court – floated their soon-to-be repossessed boats into the tanker lanes with banners reading, “EXXON SUXX.” To which they could now add, about a one-time stand-up Senator: “McCain duxx.”

”

“offtopic - Tilt, what the crap computer are you using? or text editor?

Your text is different than everyone else's on this site and it's been driving me nuts for months. (not really, but it is distracting)

I know what is different about your text, but WHY is it different? Do you copy everything you post from some kind of text editor ... or worse ... are you using a MAC?

WT?
last edited: 2/27/08 8:00:11 PM”

“wtf are you talking about? it looks properly formatted to me. the font/format is the same your post and mine.”

“Most people won't see it Yogisan.”

“I don't know what you're seeing.   99% of the time I'm just typing ASCII into the text box like anyone else.   In the box it looks like Courier New.   After previewing or posting, it looks like Ariel 9 or 10.

No off-the-wall browser.....   Wintel Exploder 7.

The previous copy&paste arrived in an email as Ariel 12 and now it looks like Ariel 9...... like every other post on the site.   (?)

”

“hmmm ... I wonder if your character encoding is set to something unusual. The character set you are submitting with your posts is different than 99% of the people on here. I think I saw it a few times with people who have copied/pasted stuff, but it's rare. With you it's every post. Most people probably don't notice it (using Western encoding), but I have mine set at a non-standard set and it's noticeable. Strange that it's mostly just your posts, and the rest of the internet is fine.
last edited: 2/27/08 8:37:15 PM”

“Ghost in the machine.”

“WGASA...Exxon said they would do something aboutit....by the creed of the New Castrati (Bill Clinton) it has been solved.”

“Good post Tilt. Thanks.

_{Looks fine from here.}”

“It's the character text encoding.
I see the Unicode Replacement Glyph peppered through posts unless I change my text encoding from Unicode.
last edited: 2/28/08 9:44:05 AM”

“Hey Tilt, get with the program and change your character encoding!”

“Default seems to be unicode.

~Edit~
At least in Firefox and IE6.
last edited: 2/28/08 9:47:13 AM”

“
Did anyone else see Ecuadorian Abassador Gallegos on Washington Journal this am?


$300 MILLION FROM CHAVEZ TO FARC A FAKE

Here’s the written evidence… and - please say it ain’t so! - Obama and Hillary attack Ecuador

Note: Saturday, Bobby Kennedy hosts Greg Palast on “Ring of Fire” on Air America Radio. Sunday, catch Palast with Amy Goodman on WABC Television (New York), hosted by Gil Noble, Channel 7 at 1 pm(est).

Friday, March 7, 2008 for TomPaine.com/Ourfuture.org
By Greg Palast

Do you believe this?

This past weekend, Colombia invaded Ecuador, killed a guerrilla chief in the jungle, opened his laptop – and what did the Colombians find? A message to Hugo Chavez that he sent the FARC guerrillas $300 million – which they’re using to obtain uranium to make a dirty bomb!

That’s what George Bush tells us. And he got that from his buddy, the strange right-wing President of Colombia, Alvaro Uribe.

So: After the fact, Colombia justifies its attempt to provoke a border war as a to stop the threat of WMDs! Uh, where have we heard that before?

The US press snorted up this line about Chavez’ $300 million to “terrorists” quicker than the young Bush inhaling Colombia’s powdered export.

What the US press did not do is look at the evidence, the email in the magic laptop. (Presumably, the FARC leader’s last words were, “Listen, my password is ….”)

I read them. While you can read it all in español, here is, in translation, the one and only mention of the alleged $300 million from Chavez is this:

“… With relation to the 300, which from now on we will call “dossier,” efforts are now going forward at the instructions of the boss to the cojo [slang term for ‘cripple’], which I will explain in a separate note. Let’s call the boss Ángel, and the cripple Ernesto.”

Got that? Where is Hugo? Where’s 300 million? And 300 what? Indeed, in context, the note is all about the hostage exchange with the FARC that Chavez was working on at the time (December 23, 2007) at the request of the Colombian government.

Indeed, the entire remainder of the email is all about the mechanism of the hostage exchange. Here’s the next line: “To receive the three freed ones, Chavez proposes three options: Plan A. Do it to via of a ‘humanitarian caravan’; one that will involve Venezuela, France, the Vatican[?], Switzerland, European Union, democrats [civil society], Argentina, Red Cross, etc.”

As to the 300, I must note that the FARC’s previous prisoner exchange involved 300 prisoners. Is that what the ‘300’ refers to? ¿Quien sabe? Unlike Uribe, Bush and the US press, I won’t guess or make up a phastasmogoric story about Chavez mailing checks to the jungle.

To bolster their case, the Colombians claim, with no evidence whatsoever, that the mysterious “Angel” is the code name for Chavez. But in the memo, Chavez goes by the code name … Chavez.

Well, so what? This is what.

Colombia’s invasion into Ecuador is a rank violation of international law, condemned by every single Latin member of the Organization of American States. And George Bush just loved it. He called Uribe to back Colombia, against, “the continuing assault by narco-terrorists as well as the provocative maneuvers by the regime in Venezuela.”

Well, our President may have gotten the facts ass-backward, but Bush knows what he’s doing: shoring up his last, faltering ally in South America, Uribe, a desperate man in deep political trouble.

Uribe claims he is going to bring charges against Chavez before the International Criminal Court. If Uribe goes there in person, I suggest he take a toothbrush: it was just discovered that right-wing death squads held murder-planning sessions at Uribe’s ranch. Uribe’s associates have been called before the nation’s Supreme Court and may face prison.

In other words, it’s a good time for a desperate Uribe to use that old politico’s wheeze, the threat of war, to drown out accusations of his own criminality. Furthermore, Uribe’s attack literally killed negotiations with FARC by killing FARC’s negotiator, Raul Reyes. Reyes was in talks with both Ecuador and Chavez about another prisoner exchange. Uribe authorized the negotiations, however, he knew, should those talks have succeeded in obtaining the release of those kidnapped by the FARC, credit would have been heaped on Ecuador and Chavez, and discredit heaped on Uribe.

Luckily for a hemisphere on the verge of flames, the President of Ecuador, Raphael Correa, is one of the most level-headed, thoughtful men I’ve ever encountered.

Correa is now flying from Quito to Brazilia to Caracas to keep the region from blowing sky high. While moving troops to his border – no chief of state can permit foreign tanks on their sovereign soil – Correa also refuses sanctuary to the FARC . Indeed, Ecuador has routed out 47 FARC bases, a better track record than Colombia’s own, corrupt military.

For his cool, peaceable handling of the crisis, I will forgive Correa for apologizing for his calling Bush, “a dimwitted President who has done great damage to his country and the world.” (Watch an excerpt of my interview with Correa here.)

Amateur Hour in Blue

We can trust Correa to keep the peace South of the Border. But can we trust our Presidents-to-be?

The current man in the Oval Office, George Bush, simply can’t help himself: an outlaw invasion by a right-wing death-squad promoter is just fine with him.

But guess who couldn’t wait to parrot the Bush line? Hillary Clinton, still explaining that her vote to invade Iraq was not a vote to invade Iraq, issued a statement nearly identical to Bush’s, blessing the invasion of Ecuador as Colombia’s “right to defend itself.” And she added, “Hugo Chávez must stop these provoking actions.” Huh?

I assumed that Obama wouldn’t jump on this landmine – especially after he was blasted as a foreign policy amateur for suggesting he would invade across Pakistan’s border to hunt terrorists.

It’s embarrassing that Barack repeated Hillary’s line nearly verbatim, announcing, “the Colombian government has every right to defend itself.”

(I’m sure Hillary’s position wasn’t influenced by the loan of a campaign jet to her by Frank Giustra. Giustra has given over a hundred million dollars to Bill Clinton projects. Last year, Bill introduced Giustra to Colombia’s Uribe. On the spot, Giustra cut a lucrative deal with Uribe for Colombian oil.)

Then there’s Mr. War Hero. John McCain weighed in with his own idiocies, announcing that, “Hugo Chavez is establish[ing] a dictatorship,” presumably because, unlike George Bush, Chavez counts all the votes in Venezuelan elections.

But now our story gets tricky and icky.

The wise media critic Jeff Cohen told me to watch for the press naming McCain as a foreign policy expert and labeling the Democrats as amateurs. Sure enough, the New York Times, on the news pages Wednesday, called McCain, “a national security pro.”

McCain is the “pro” who said the war in Iraq would cost nearly nothing in lives or treasury dollars.

But, on the Colombian invasion of Ecuador, McCain said, “I hope that tensions will be relaxed, President Chavez will remove those troops from the borders - as well as the Ecuadorians - and relations continue to improve between the two.”

It’s not quite English, but it’s definitely not Bush. And weirdly, it’s definitely not Obama and Clinton cheerleading Colombia’s war on Ecuador.

Democrats, are you listening? The only thing worse than the media attacking Obama and Clinton as amateurs is the Democratic candidates’ frightening desire to prove them right.

- - - - - - - - - - - - - - - -

You folks remember Ecuadorian President Rafael Correa..... He's the one who sued Chevron for $12 billion for polluting the country and poisoning the people.

”

“GREAT SOURCE...(LOL)...”

“
        Lt. Dan is a hoax.

”

“I love those "news" sources tiltypoo and vile dig up from the hate filled lefties!”

“LOL..Tilty is twisting in the wind...HEY TILTY your hero the REVRAND MAYRION...be nutin now...he just be anoder raving loon must hurt to find out he was thrown out by even his own people....(LOL)”

“XL, your rats are running in circles.

Maybe because: McCain is the “pro” who said the war in Iraq would cost nearly nothing in lives or treasury dollars.

Let's ask him about the price of cocaine in phoenix?”

“
The $200 billion bail-out for predator banks and Spitzer charges are intimately linked
By Greg Palast
Reporting for Air America Radio’s Clout

Listen to Palast on Clout at www.GregPalast.com

While New York Governor Eliot Spitzer was paying an ‘escort’ $4,300 in a hotel room in Washington, just down the road, George Bush’s new Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over $200 billion in a tryst with mortgage bank industry speculators.

Both acts were wanton, wicked and lewd. But there’s a BIG difference. The Governor was using his own checkbook. Bush’s man Bernanke was using ours.

This week, Bernanke’s Fed, for the first time in its history, loaned a selected coterie of banks one-fifth of a trillion dollars to guarantee these banks’ mortgage-backed junk bonds. The deluge of public loot was an eye-popping windfall to the very banking predators who have brought two million families to the brink of foreclosure.

Up until Wednesday, there was one single, lonely politician who stood in the way of this creepy little assignation at the bankers’ bordello: Eliot Spitzer.

Who are they kidding? Spitzer’s lynching and the bankers’ enriching are intimately tied.

How? Follow the money.

The press has swallowed Wall Street’s line that millions of US families are about to lose their homes because they bought homes they couldn’t afford or took loans too big for their wallets. Ba-LON-ey. That’s blaming the victim.

Here’s what happened. Since the Bush regime came to power, a new species of loan became the norm, the ‘sub-prime’ mortgage and it’s variants including loans with teeny “introductory” interest rates. From out of nowhere, a company called ‘Countrywide’ became America’s top mortgage lender, accounting for one in five home loans, a large chuck of these ‘sub-prime.’

Here’s how it worked: The Grinning Family, with US average household income, gets a $200,000 mortgage at 4% for two years. Their $955 a month payment is 25% of their income. No problem. Their banker promises them a new mortgage, again at the cheap rate, in two years. But in two years, the promise ain’t worth a can of spam and the Grinnings are told to scram - because their house is now worth less than the mortgage. Now, the mortgage hits 9% or $1,609 plus fees to recover the “discount” they had for two years. Suddenly, payments equal 42% to 50% of pre-tax income. Grinnings move into their Toyota.

Now, what kind of American is ‘sub-prime.’ Guess. No peeking. Here’s a hint: 73% of HIGH INCOME Black and Hispanic borrowers were given sub-prime loans versus 17% of similar-income Whites. Dark-skinned borrowers aren’t stupid – they had no choice. They were ‘steered’ as it’s called in the mortgage sharking business.

‘Steering,’ sub-prime loans with usurious kickers, fake inducements to over-borrow, called ‘fraudulent conveyance’ or ‘predatory lending’ under US law, were almost completely forbidden in the olden days (Clinton Administration and earlier) by federal regulators and state laws as nothing more than fancy loan-sharking.

But when the Bush regime took over, Countrywide and its banking brethren were told to party hardy – it was OK now to steer’m, fake’m, charge’m and take’m.

But there was this annoying party-pooper. The Attorney General of New York, Eliot Spitzer, who sued these guys to a fare-thee-well. Or tried to.

Instead of regulating the banks that had run amok, Bush’s regulators went on the warpath against Spitzer and states attempting to stop predatory practices. Making an unprecedented use of the legal power of “federal pre-emption,” Bush-bots ordered the states to NOT enforce their consumer protection laws.

Indeed, the feds actually filed a lawsuit to block Spitzer’s investigation of ugly racial mortgage steering. Bush’s banking buddies were especially steamed that Spitzer hammered bank practices across the nation using New York State laws.

Spitzer not only took on Countrywide, he took on their predatory enablers in the investment banking community. Behind Countrywide was the Mother Shark, its funder and now owner, Bank of America. Others joined the sharkfest: Goldman Sachs, Merrill Lynch and Citigroup’s Citibank made mortgage usury their major profit centers. They did this through a bit of financial legerdemain called “securitization.”

What that means is that they took a bunch of junk mortgages, like the Grinnings, loans about to go down the toilet and re-packaged them into “tranches” of bonds which were stamped “AAA” - top grade - by bond rating agencies. These gold-painted turds were sold as sparkling safe investments to US school district pension funds and town governments in Finland (really).

When the housing bubble burst and the paint flaked off, investors were left with the poop and the bankers were left with bonuses. Countrywide’s top man, Angelo Mozilo, will ‘earn’ a $77 million buy-out bonus this year on top of the $656 million - over half a billion dollars – he pulled in from 1998 through 2007.

But there were rumblings that the party would soon be over. Angry regulators, burned investors and the weight of millions of homes about to be boarded up were causing the sharks to sink. Countrywide’s stock was down 50%, and Citigroup was off 38%, not pleasing to the Gulf sheiks who now control its biggest share blocks.

Then, on Wednesday of this week, the unthinkable happened. Carlyle Capital went bankrupt. Who? That’s Carlyle as in Carlyle Group. James Baker, Senior Counsel. Notable partners, former and past: George Bush, the Bin Laden family and more dictators, potentates, pirates and presidents than you can count.

The Fed had to act. Bernanke opened the vault and dumped $200 billion on the poor little suffering bankers. They got the public treasure – and got to keep the Grinning’s house. There was no ‘quid’ of a foreclosure moratorium for the ‘pro quo’ of public bail-out. Not one family was saved – but not one banker was left behind.

Every mortgage sharking operation shot up in value. Mozilo’s Countrywide stock rose 17% in one day. The Citi sheiks saw their company’s stock rise $10 billion in an afternoon.

And that very same day the bail-out was decided – what a coinkydink! – the man called, ‘The Sheriff of Wall Street’ was cuffed. Spitzer was silenced.

Do I believe the banks called Justice and said, “Take him down today!” Naw, that’s not how the system works. But the big players knew that unless Spitzer was taken out, he would create enough ruckus to spoil the party. Headlines in the financial press – one was “Wall Street Declares War on Spitzer” - made clear to Bush’s enforcers at Justice who their number one target should be. And it wasn’t Bin Laden.

It was the night of February 13 when Spitzer made the bone-headed choice to order take-out in his Washington Hotel room. He had just finished signing these words for the Washington Post about predatory loans:

“Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which he federal government was turning a blind eye.”

Bush, said Spitzer right in the headline, was the “Predator Lenders’ Partner in Crime.” The President, said Spitzer, was a fugitive from justice. And Spitzer was in Washington to launch a campaign to take on the Bush regime and the biggest financial powers on the planet.

Spitzer wrote, “When history tells the story of the subprime lending crisis and recounts its devastating effects on the lives of so many innocent homeowners the Bush administration will not be judged favorably.”

But now, the Administration can rest assured that this love story – of Bush and his bankers - will not be told by history at all – now that the Sheriff of Wall Street has fallen on his own gun.

A note on “Prosecutorial Indiscretion.”

Back in the day when I was an investigator of racketeers for government, the federal prosecutor I was assisting was deciding whether to launch a case based on his negotiations for airtime with 60 Minutes. I’m not allowed to tell you the prosecutor’s name, but I want to mention he was recently seen shouting, “Florida is Rudi country! Florida is Rudi country!”

Not all crimes lead to federal bust or even public exposure. It’s up to something called “prosecutorial discretion.”

Funny thing, this ‘discretion.’ For example, Senator David Vitter, Republican of Louisiana, paid Washington DC prostitutes to put him in diapers (ewww!), yet the Senator was not exposed by the US prosecutors busting the pimp-ring that pampered him.
Naming and shaming and ruining Spitzer – rarely done in these cases - was made at the ‘discretion’ of Bush’s Justice Department.

Or maybe we should say, 'indiscretion.'

”

“Going up.”

“You can always count on Palast for an angle no one else is talking about ----”

““Something tells me the prostitute's real name is Fannie Mae.”
Reverend Truth V Wicked
3:34:07 PM
3/10/08

http://www.thebackpacker.com/trailtalk/thread/47517,4.php”

“
Damn that Lincoln: Abe's to blame for Jindal
by Greg Palast

Exclusive to Buzzflash.com by Greg Palast

Damn that Abe Lincoln. When Louisiana and Mississippi seceded from the Union, a sensible president would have sent them a box of chocolates with a note, "Goodbye and good riddance."

Tonight, following Barack Obama's budget presentation to Congress, effectively the president's first State of the Union Address, the Republicans have chosen to give their party's response, the governor of the state that wanted to leave the Union, Louisiana's Bobby Jindal.

Jindal's going to tell us that Barack Obama is a terrible President because Obama wants to require states like Louisiana to extend unemployment insurance to - get this - the unemployed! (Technically, the federal government would pay 100% of the cost of reforming Louisiana's and Mississippi's Scrooge-sized benefit requirements.)

Jindal, and some other Republican governors, notably Haley Barbour of Mississippi, are actually turning down millions in federal funds for their own state's unemployed out of fear that, four years from now, they may have to maintain full unemployment insurance like the rest of America.

Barbour's excuse, parroted by Jindal, is that the Obama payments to the unemployed of their states would mean, when the economy returns to expansion, that their state would have to increase unemployment insurance taxes and payments to the US average, scaring away new employers. "I mean, we want more jobs," says Barbour. Um, this is the Governor of MISSISSIPPI talking. Exactly what new "jobs" is he talking about? Is Microsoft is based in Gulfport? Is Genentech opening its new headquarters in Bogalusa?

As an economist, I can tell you that the only industry Mississippi leads in is deep-fried chicken-dog manufacturing. I will admit that Louisiana and Mississippi can boast of growing employment at several casinos and cathouses spilling across what the locals charmingly call the "Coon-ass Riviera." Jindal's Louisiana is, after all, the state that solved its unemployment problem by sending its unemployed to Texas in FEMA trailers.

And it's true that Jindal's and Barbour's states do lead the nation in a few indicators. Like poverty: Mississippi has America's highest poverty rate. Louisiana is third worst in America.

And how about their commitment to education? Louisiana ranks 5th and Mississippi 2nd worth in school kids' math scores. As Randy Newman notes about the gulf states' education policies, "good ol' boys... from LSU, went in dumb, come out dumb, too."

Jindal himself is a product of a more advanced culture: His parents are Democrats. The Jindals are Hindus who come from the Punjab in India, a state known for its welfare safety net. Jindal, turning away from the successful example of his parents' politics and culture, has gone native, becoming a born-again Christian Republican who doesn't accept Darwinian evolution nor Keynesian economics. (I hear he may complete his redneck makeover next week by marrying his cousin at a tractor pull.)

For over a century, Louisiana and Mississippi have been trying to attract employers by changing their economy from one based on involuntary servitude to one based on voluntary servitude, selling their citizens to the lowest bidder. The results are blindingly visible: Mississippi and Louisiana, under the Barbour/Jindal Republican regime, maintain the lowest per-capita incomes in the nation (50th and 46th respectively). Mississippi and Louisiana infant mortality rates (1st and 3rd in deaths in the USA) would shame Costa Rica.

Years back, when I worked as an economic consultant to New Orleans, the Louisiana State Legislature was about to require that schools teach evolution as merely a theory equal to the Bible's literal creation myth. When asked if this would harm big employers' views of the state, I said, "Not at all: most national employers think of Louisiana as a state filled with Bible-thumping, dumb-bell rednecks. You won't have to worry about changing that impression."

OK, it's easy to make jokes about America's own Third World states. And before I get a zillion complaints, I'll be the first one to note that Louisiana has birthed the extraordinary, including the greatest of America's investigative journalists, the late Ron Ridenhour, jazz, Chris Ruth's Steakhouse and gris-gris. And it was Louisiana that long ago led the nation in social reform, whose governor, in 1932, led the national fight to create a program now known as "unemployment insurance." Really.

Nevertheless, Jindal's rejection of funds for his state's own unemployed simply follows a history of local Republican plantation-mentality cruelty. After Hurricane Katrina, I met a young man, Stephen Smith, who was stranded with a family on Highway 10 for four days while George Bush photo-strafed him from overhead. An elderly man with Stephen died of dehydration after giving his grandchildren his last bottle of water. (See Stephen on Big Easy to Big Empty)

I investigated the drowning of New Orleans and the "let'm drown" rescue plans of the Bush Administration. What I found was sickening, heartless and Republican. Marie Antoinette at least offered cake.

Now, once again, the Republican party, by making Jindal the party's official spokesman, is adopting the Barbour-ous refusal to reach out a saving hand to Americans drowning in this economy.

So, let me make a suggestion for Governors Jindal and Barbour. If you cannot join America in accepting our President's call to arms against disaster, if you reject our President's State of the Union - then leave the Union.

As the prescient Phil Ochs sang,

And here's to the government of Mississippi
In the swamp of their bureaucracy they're always bogging down…
…And the speeches of the governor are the ravings of a clown
Oh, here's to the land you've torn out the heart of
Mississippi find yourself another country to be part of

Amen.

”

“Go suck treebeard's dick......

Y2
8:26:35 PM
2/25/09


LOLOLOLOLOLOLOL”

“
Here’s to the state of Mississippi,
For underneath her borders, the devil draws no lines,
If you drag her muddy river, nameless bodies you will find.
Whoa the fat trees of the forest have hid a thousand crimes,
The calendar is lyin' when it reads the present time.
Whoa here's to the land you've torn out the heart of,
Mississippi find yourself another country to be part of

Here's to the people of Mississippi
Who say the folks up north, they just don't understand
And they tremble in their shadows at the thunder of the Klan
The sweating of their souls can't wash the blood from off their hands
They smile and shrug their shoulders at the murder of a man
Oh, here's to the land you've torn out the heart of
Mississippi find yourself another country to be part of

Here's to the schools of Mississippi
Where they're teaching all the children that they don't have to care
All of rudiments of hatred are present everywhere
And every single classroom is a factory of despair
There's nobody learning such a foreign word as fair
Oh, here's to the land you've torn out the heart of
Mississippi find yourself another country to be part of

Here's to the cops of Mississippi
They're chewing their tobacco as they lock the prison door
Their bellies bounce inside them as they knock you to the floor
No they don't like taking prisoners in their private little war
Behind their broken badges there are murderers and more
Oh, here's to the land you've torn out the heart of
Mississippi find yourself another country to be part of

And, here's to the judges of Mississippi
Who wear the robe of honor as they crawl into the court
They're guarding all the bastions with their phony legal fort
Oh, justice is a stranger when the prisoners report
When the black man stands accused the trial is always short
Oh, here's to the land you've torn out the heart of
Mississippi find yourself another country to be part of

And here's to the government of Mississippi
In the swamp of their bureaucracy they're always bogging down
And criminals are posing as the mayors of the towns
They're hoping that no one sees the sights and hears the sounds
And the speeches of the governor are the ravings of a clown
Oh, here's to the land you've torn out the heart of
Mississippi find yourself another country to be part of

And here's to the laws of Mississippi
Congressmen will gather in a circus of delay
While the Constitution is drowning in an ocean of decay
Unwed mothers should be sterilized, I've even heard them say
Yes, corruption can be classic in the Mississippi way
Oh, here's to the land you've torn out the heart of
Mississippi find yourself another country to be part of

And here's to the churches of Mississippi
Where the cross, once made of silver, now is caked with rust
And the Sunday morning sermons pander to their lust
The fallen face of Jesus is choking in the dust
Heaven only knows in which God they can trust
Oh, here's to the land you've torn out the heart of
Mississippi find yourself another country to be part of







“Here's to the State of Mississippi”
  I Ain't Marching Anymore (1965)
  Phil Ochs

”

“Georgia boy, t*ltypoo, LOLOLOLOLOL”

“Ain't that where the Rio Sewersippi goes into the Gulfo de Sanatacione?”

“It's really only famous for two things: hate crimes and the music produced by the survivors of those crimes.”

“Georgia goober t*lt

T*lt runs toward banjo music, LOL.
last edited: 2/25/09 7:29:48 PM”

“The Right Testicle of Hell:
History of a Haitian Holocaust

Blackwater before drinking water

by Greg Palast for The Huffington Post
Sunday 17 January 2010

1. Bless the President for having rescue teams in the air almost immediately. That was President Olafur Grimsson of Iceland. On Wednesday, the AP reported that the President of the United States promised, "The initial contingent of 2,000 Marines could be deployed to the quake-ravaged country within the next few days." "In a few days," Mr. Obama?

2. There's no such thing as a 'natural' disaster. 200,000 Haitians have been slaughtered by slum housing and IMF "austerity" plans.

3. A friend of mine called. Do I know a journalist who could get medicine to her father? And she added, trying to hold her voice together, "My sister, she's under the rubble. Is anyone going who can help, anyone?" Should I tell her, "Obama will have Marines there in 'a few days'"?

4. China deployed rescuers with sniffer dogs within 48 hours. China, Mr. President. China: 8,000 miles distant. Miami: 700 miles close. US bases in Puerto Rico: right there.

5. Obama's Defense Secretary Robert Gates said, "I don't know how this government could have responded faster or more comprehensively than it has." We know Gates doesn't know.

6. From my own work in the field, I know that FEMA has access to ready-to-go potable water, generators, mobile medical equipment and more for hurricane relief on the Gulf Coast. It's all still there. Army Lt. Gen. Russel Honoré, who served as the task force commander for emergency response after Hurricane Katrina, told the Christian Science Monitor, "I thought we had learned that from Katrina, take food and water and start evacuating people." Maybe we learned but, apparently, Gates and the Defense Department missed school that day.

7. Send in the Marines. That's America's response. That's what we're good at. The aircraft carrier USS Carl Vinson finally showed up after three days. With what? It was dramatically deployed — without any emergency relief supplies. It has sidewinder missiles and 19 helicopters.

8. But don't worry, the International Search and Rescue Team, fully equipped and self-sufficient for up to seven days in the field, deployed immediately with ten metric tons of tools and equipment, three tons of water, tents, advanced communication equipment and water purifying capability. They're from Iceland.

9. Gates wouldn't send in food and water because, he said, there was no "structure ... to provide security." For Gates, appointed by Bush and allowed to hang around by Obama, it's security first. That was his lesson from Hurricane Katrina. Blackwater before drinking water.

10. Previous US presidents have acted far more swiftly in getting troops on the ground on that island. Haiti is the right half of the island of Hispaniola. It's treated like the right testicle of Hell. The Dominican Republic the left. In 1965, when Dominicans demanded the return of Juan Bosch, their elected President, deposed by a junta, Lyndon Johnson reacted to this crisis rapidly, landing 45,000 US Marines on the beaches to prevent the return of the elected president.

11. How did Haiti end up so economically weakened, with infrastructure, from hospitals to water systems, busted or non-existent - there are two fire stations in the entire nation - and infrastructure so frail that the nation was simply waiting for "nature" to finish it off?


Don't blame Mother Nature for all this death and destruction. That dishonor goes to Papa Doc and Baby Doc, the Duvalier dictatorship, which looted the nation for 28 years. Papa and his Baby put an estimated 80% of world aid into their own pockets - with the complicity of the US government happy to have the Duvaliers and their voodoo militia, Tonton Macoutes, as allies in the Cold War. (The war was easily won: the Duvaliers' death squads murdered as many as 60,000 opponents of the regime.)

12. What Papa and Baby didn't run off with, the IMF finished off through its "austerity" plans. An austerity plan is a form of voodoo orchestrated by economists zomby-fied by an irrational belief that cutting government services will somehow help a nation prosper.

13. In 1991, five years after the murderous Baby fled, Haitians elected a priest, Jean-Bertrand Aristide, who resisted the IMF's austerity diktats. Within months, the military, to the applause of Papa George HW Bush, deposed him. History repeats itself, first as tragedy, then as farce. The farce was George W. Bush. In 2004, after the priest Aristide was re-elected President, he was kidnapped and removed again, to the applause of Baby Bush.

14. Haiti was once a wealthy nation, the wealthiest in the hemisphere, worth more, wrote Voltaire in the 18th century, than that rocky, cold colony known as New England. Haiti's wealth was in black gold: slaves. But then the slaves rebelled - and have been paying for it ever since.


From 1825 to 1947, France forced Haiti to pay an annual fee to reimburse the profits lost by French slaveholders caused by their slaves' successful uprising. Rather than enslave individual Haitians, France thought it more efficient to simply enslave the entire nation.

15. Secretary Gates tells us, "There are just some certain facts of life that affect how quickly you can do some of these things." The Navy's hospital boat will be there in, oh, a week or so. Heckuva job, Brownie!

16. Note just received from my friend. Her sister was found, dead; and her other sister had to bury her. Her father needs his anti-seizure medicines. That's a fact of life too, Mr. President.”

“
BBC America Tonight 7pm EST: Palast Hunts the Vulture
Tuesday, March 2, 2010
by Greg Palast

Special Report for BBC World News America
Broadcasting TONIGHT at 7pm EST on BBC America

Some vultures have feathers, but some have fancy offices and huge homes. Tonight, BBC investigative reporter Greg Palast follows the trail of one "vulture fund" chief, from a locked office door in New York to mud-brick houses in Africa.


How strange. When I arrive at the offices of Eric Hermann at hedge fund FH International, just outside New York City, the company's corporate sign is unbolted from the wall and the suite number removed from the door.

But wait ... I hear noises inside the office. Huh? I knock on the locked door and out steps the office building's security manager.

"Guys, they don't want to be interviewed. They don't want to be seen. So we are going to have to ask you to leave the building."

"And do you know why they took the sign off?"

His reply to our cameras, "I have no clue."

But we do.

Mr. Hermann is the principle owner of a so-called "vulture fund" which attempted to seize more than $20 million from the war-wounded nation of Liberia.

Mr. Hermann is known in the finance business as a debt "vulture." He and his associates buy up the debt of the poorest nations on the planet, usually for pennies on the dollar, then sue or use other means to squeeze the nations to pay ten times, even a hundred times, what the vulture fund paid for the debt.

The effect of Hermann's financial maneuvers earns little applause in Liberia. In that African democracy, diplomat Winston Tubman tells us what he would say to vulture fund operators, "'Do you know you are causing babies to die all over Liberia?'"

That's strong language, but in Liberia, we see the effects of the threat of losing over $20 million from this desperately poor nation's budget. In the village of Demeh, I meet Howa Murvee. During Liberia's recent civil war, her grandfather was beaten to death in front of her. Every home in the village was destroyed. Now, with money from selling donuts at a rural bus stop, she has raised the $100 needed for materials to rebuild her mud-and-thatch home.

The sums sought by Hermann and the vulture funds equals the cost of rebuilding a quarter million homes for displaced war refugees like Howa.

Back in New York, I located court documents which show that Hermann and associates sued Liberia for nearly $20 million for the debts which cost Hermann's firms a fraction of that sum. Hermann sued in February 2002, Liberia's capital had neither electricity nor water. It was under siege from warlords and under UN sanctions and had no functioning government. Not surprisingly, Liberia failed to appear in court and lost automatically. The poor nation was ordered to pay Hermann and associates the millions he demanded.

Hans Humes, CEO of Greylock Capital, a major player in the foreign debt speculation business, was willing to speak to us about how the industry operates. At his Park Avenue, New York, office, he explains how his own firm got hold of Liberia's debt, dirt cheap during the civil war:

"I ended up buying a lot of the loans that we had in Liberia. When I called one of the banks that was going through a merger 13,14 years ago, I said, "Hey, by the way, you're a lender to this African country.' And the guy said, 'No I'm not; and a couple days later he said, 'You know what, you're right. We found this box in this warehouse that had files for all these loans. Do you want to buy all of them?'"

But Humes is no "vulture." When peace and democracy came to Liberia, he accepted Liberia's offer of 3 cents on the dollar for the debt the nation owed. So did every other creditor — except for Hermann and associates. In the middle of the negotiations with Liberia, Hermann transferred a portion of his Liberia holdings to a hedge fund called "Hamsah."

Hermann's firm would have received only $1 million under the 3-cent deal accepted by Humes and others. But this firm called "Hamsah" and associates ended up across the Atlantic, suing Liberia in a London court for $28 million.

Humes is infuriated by such manipulation. Without naming Hermann nor Hamsah, he says, "All they're trying to do is to exploit the system, hold the system hostage, to get some sort of excessive returns."

Nor was the President of Liberia too pleased with this new legal attack by the vultures. At her home in the capital, she has a message for the vulture funds. President Ellen Johnson Sirleaf is Africa's first elected female head of state. She pleaded with the vulture fund, "Here's a country having two decades of turmoil, death and destruction, trying to find its way back trying to give its young people a future. You should not be the one to become an obstacle. Have a conscience and give this country a break."

The British Parliament heard her. Last Friday, the day after our London broadcast, Parliament voted to bar vulture funds, like Hamsah, from using the British courts.

President Sirleaf is thrilled by Britain's swift action. "Bravo! We've been waiting for a parliament or an assembly to take this kind of hard decision to be able to bring these funds into reason."

Now she is asking America to act on similar legislation before the US Congress. "Maybe the US Congress ... will pick up this gauntlet and will follow the example of Britain and move that — because it's just so unfair to poor countries."

”

“
Getting into Massa's Drawers:
Truly Creepy Details about the Congressman

Exclusive for Buzzflash.com

by Greg Palast
March 23, 2010


For the two weeks before tickle-and-grope charges busted open on him, and before his resignation from Congress, our BBC Television investigations team was hunting for Representative Eric Massa.

We wanted to know what he had hidden in his drawers. Not his knickers, which have captivated America's peep-show media, but Massa's file drawers where he keeps his dirtier secrets.

Frankly, I don't give a rat's ass about Massa's creepy little peccadilloes. But I care an awful lot about creeps that quietly backed him.

Massa plays himself as a two-fisted Progressive Democrat, telling the President to jam his fake health care bill where the Rahm don't shine, and he gave the Iraq war his middle finger. I mean, the guy was on Rachel Maddow.

That's the television Massa. But what about the Congressman Massa? And why was he ducking us?

I specifically wanted to ask the New York Congressman about Paul Singer: "Swift Boat" Singer, the guy who funded the vile attacks on Presidential Candidate John Kerry. "Swift Boat" Singer — reportedly the biggest funder of the Republican Party in New York. Our information was that the demi-billionaire Singer was backing Massa.

Singer's nickname isn't really Swift Boat. It's "The Vulture."

Singer is a speculator, the predator-in-chief of the flock of financiers, collectively known as "vultures," who buy up the right to collect on old loans made to the world's poorest nations. Vultures use law suits, political muscle, and in some cases, bribery, to get nations like Congo and Liberia to pay these hedge funds up to 100 times what the vulture originally paid for the debt.

As you can imagine, vultures don't have lots of friends; and those they have they must purchase.

The vultures had been looking for some morally challenged congressperson to front a bill to help them crank billions from the budgets of Third World nations. The law that could make demi-billionaire Singer a billionaire is called, "The Judgment Evading Foreign States Accountability Act" (H.R. 2493).

In effect, the bill says that if Argentina (and other Third World nations) don't pay Mr. Singer and his vulture buddies the billions they demand, then the US government will act as Singer's enforcement arm, hanging out Argentina to dry, cutting off trade between our countries.

Now, as Mr. Singer became Mr. Checkbook to the Republican Party in New York, you'd assume that his make-me-richer bill would be sponsored by some right-wing GOP troglodyte. Wrong: the rent-boy, the chief sponsor of Singer's bill, was, to our amazement, the "liberal" Democrat Eric Massa.

Two sources tell us that Secretary of State Hillary Clinton was not amused at Massa's weirdo attack on the financial lifeblood of US allies, nor does the White House favor a law which would provoke seizures of US assets abroad.

Our information was that Massa, crazy-desperate for campaign cash, was now getting juice from Singer and other vultures. I wanted to ask the Republican-turned-Democrat about his funding and about how he ended up in a political tryst with vultures.

The normally television-hungry Congressman refused our every attempt to get him on camera. And Singer's PR flack told me his own boss would speak to me "never, ever."

But we do know the cover story. Massa's bill was promoted by a benign-sounding group called, "The American Task Force Argentina." The ATFA website says their goal is, "Pursuing a Fair Reconciliation of the Argentine Debt Default."

There are some very progressive folk on ATFA's payroll. Its masthead lists "Ambassador Nancy Soderberg." Nancy's not actually an ambassador, but she did hold that title a decade ago under Bill Clinton, and she even worked for Ted Kennedy. The other co-Chair is listed as "The Honorable Dr. Robert J. Shapiro." Shapiro's no longer an "Honorable," but, back in the day, he held that title under Clinton as Undersecretary of Commerce. Now he's a lobbyist.


Liberian under vulture attack These good liberals charge mucho bucks per hour for their influence. Who picked up the tab? Well, there was FH International and Montreux Capital, vulture funds that tormented West Africa's poorest nation, Liberia.

Those are the vulture funds that, when I came to question them in their New York offices last month, unbolted their name plaque from the building wall and locked their employees inside to hide from our camera crew. Also behind ATFA: Elliot Associates -- Paul Singer, proprietor.

I wanted to ask Bob Shapiro what he and these other good Democrats were doing with vulture feathers in their wallets. (The Honorable Bob leaped at the chance to appear on BBC TV ... until he was told that the reporter would be Greg Palast. Instantly, Dr. Shapiro became unavailable.)

I'm sure Shapiro would have told me that, unlike Republicans, you can't buy Democrats. True, but apparently, you can rent them.

So, that's the cover. A "liberal" group funded by a right-wing Republican fronting for those trying to shake down Argentina to pay on bogus "loans" that Singer and FH International bought for next to nothing,

If Bob Shapiro will front for predators for cash, that's his business. But if Massa took campaign loot in a quid pro quo for legislation, that's our business.

I don't know the answer. But Massa does. And he won't talk to me. Nor will he talk to the House Ethics Committee.

On March 5, Massa abruptly resigned from Congress - which put an immediate end to the Ethics investigation of his activities.

At first, he said he was quitting Congress because he has cancer. Then he said he resigned because a buck-naked Rahm Emanuel bullied him in the Congressional shower-room and then threatened him over his health care vote. (Foxhole wing-nut Glenn Beck fell for that canard.) Then Massa said he resigned because of an aide's accusation that the Congressman tickled the aide in an "inappropriate" manner. (The mainstream press swallowed that one whole.)

I don't believe any of it. (Senator David Vitter (R-LA), known as "Vitter The hitter," was caught getting diapered by the Washington Madame, and still remains in the Senate voting against what he calls Obama's "immoral" program.)

Would the real Eric Massa please step forward and tell us the real reason he's resigning? Eric, my door's open and my microphone's on.

I don't want to talk about your zipper. I do want to ask you about any connection between speculator money and your save-the-vultures bill.

Unfortunately, despite our many pleas, Mr. Massa, you won't speak to us on camera or off. Apparently the subject of your financier buddies is a little too ticklish.

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Greg Palast's investigative reports for BBC Television on vulture funds can be viewed at http://www.GregPalast.com.

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Slick Operator: The BP I've known too well

by Greg Palast for Truthout.org
May 5, 2010


I've seen this movie before. In 1989, I was a fraud investigator hired to dig into the cause of the Exxon Valdez disaster. Despite Exxon's name on that boat, I found the party most to blame for the destruction was ... British Petroleum. That's important to know, because the way BP caused devastation in Alaska is exactly the way BP is now sliming the entire Gulf Coast.

Deepwater Horizon in flames before sinking. Photo provided by D.BecnelTankers run aground, wells blow out, pipes burst. It shouldn't happen but it does. And when it does, the name of the game is containment. Both in Alaska, when the Exxon Valdez grounded, and in the Gulf over a week ago, when the Deepwater Horizon platform blew, it was British Petroleum that was charged with carrying out the Oil Spill Response Plans ("OSRP") which the company itself drafted and filed with the government.

What's so insane, when I look over that sickening slick moving toward the Delta, is that containing spilled oil is really quite simple and easy. And from my investigation, BP has figured out a very low cost way to prepare for this task: BP lies. BP prevaricates, BP fabricates and BP obfuscates.

That's because responding to a spill may be easy and simple, but not at all cheap. And BP is cheap. Deadly cheap.

To contain a spill, the main thing you need is a lot of rubber, long skirts of it called "boom." Quickly surround a spill or leak or burst, then pump it out into skimmers or disperse it, sink it or burn it. Simple.

But there's one thing about the rubber skirts: you've got to have lots of it at the ready, with crews on standby in helicopters and on containment barges ready to roll. They have to be in place round the clock, all the time, just like a fire department; even when all is operating A-OK. Because rapid response is the key. In Alaska, that was BP's job, as principal owner of the pipeline consortium Alyeska. It is, as well, BP's job in the Gulf, as principal lessee of the deepwater oil concession.

Chugach Natives of Alaska clean Exxon Valdez oil off their beach, five years after the spill. 1994©James McAlpine for Palast FundBefore the Exxon Valdez grounding, BP's Alyeska group claimed it had these full-time oil spill response crews. Alyeska had hired Alaskan Natives, trained them to drop from helicopters into the freezing water and set boom in case of emergency. Alyeska also certified in writing that a containment barge with equipment was within five hours sailing of any point in the Prince William Sound. Alyeska also told the state and federal government it had plenty of boom and equipment cached on Bligh Island.

But it was all a lie. On that March night in 1989 when the Exxon Valdez hit Bligh Reef in the Prince William Sound, the BP group had, in fact, not a lick of boom there. And Alyeska had fired the Natives who had manned the full-time response teams, replacing them with phantom crews, lists of untrained employees with no idea how to control a spill. And that containment barge at the ready was, in fact, laid up in a drydock in Cordova, locked under ice, 12 hours away.

As a result, the oil from the Exxon Valdez, which could have and should have been contained around the ship, spread out in a sludge tide that wrecked 1,200 miles of shoreline.

And here we go again. Valdez goes Cajun.

BP's CEO Tony Hayward reportedly asked, "What the hell did we do to deserve this?"

It's what you didn't do, Mr. Hayward. Where was BP's containment barge and response crew? Why was the containment boom laid so damn late, too late and too little? Why is it that the US Navy is hauling in 12 miles of rubber boom and fielding seven skimmers, instead of BP?

Last year, CEO Hayward boasted that, despite increased oil production in exotic deep waters, he had cut BP's costs by an extra one billion dollars a year. Now we know how he did it.

As chance would have it, I was meeting last week with Louisiana lawyer Daniel Becnel Jr. when word came in of the platform explosion. Daniel represents oil workers on those platforms; now he'll represent their bereaved families. The Coast Guard called him. They had found the emergency evacuation capsule floating in the sea and were afraid to open it and disturb the cooked bodies.

I wonder if BP painted the capsule green, like they paint their gas stations.

Becnel, yesterday by phone from his office from the town of Reserve, LA, said the spill response crews were told they weren't needed because the company had already sealed the well. Like everything else from BP mouthpieces, it was a lie.

In the end, this is bigger than BP and its policy of cheaping-out and skiving the rules. This is about the anti-regulatory mania which has infected the American body politic. While the "tea baggers" are simply its extreme expression, US politicians of all stripes love to attack "the little bureaucrat with the fat rule book." It began with Ronald Reagan and was promoted, most vociferously, by Bill Clinton and the head of Clinton's de-regulation committee, one Al Gore.

Americans want government off our backs ... that is, until a folding crib crushes the skull of our baby; Toyota accelerators speed us to our death; banks blow our savings on gambling sprees; and crude oil smothers the Mississippi.

Then, suddenly, it's, "where was hell was the Government!" Why didn't the government do something to stop it?

The answer is, because government took you at your word they should get out of the way of business, that business could be trusted to police itself. It was only last month that BP, lobbying for new deepwater drilling, testified to Congress that additional equipment and inspection wasn't needed.

You should meet some of these little bureaucrats with the fat rulebooks. Like Dan Lawn, the inspector from the Alaska Department of Environmental Conservation who warned and warned and warned, before the Exxon Valdez grounding, that BP and Alyeska were courting disaster in their arrogant disregard of the rulebook. In 2006, I printed his latest warnings about BP's culture of negligence.

When the choice is between Dan Lawn's rule book and a bag of tea, Dan's my man.

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This just in: Becnel tells me that one of the platform workers has informed him that the BP well was apparently deeper than the 18,000 feet depth reported. BP failed to communicate that additional depth to Halliburton crews who therefore poured in too small a cement cap for the additional pressure caused by the extra depth. So it blew.

Why didn't Halliburton check? "Gross negligence on everyone's part," says Becnel. Negligence driven by penny-pinching bottom-line squeezing. BP says its worker is lying. Someone's lying here: the man on the platform - or the company that has practiced prevarication from Alaska to Louisiana?



Greg Palast investigated the Exxon Valdez disaster for the Chucagh Native villages of Alaska's Prince William Sound. An expert on corporate regulation, Palast, now a journalist, authored the New York Times bestseller, The Best Democracy Money Can Buy.

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