Looks like it's time to turn out the lights on Righthaven. The US Marshal for the District of Nevada has just been authorized by a federal court to use "reasonable force" to seize $63,720.80 in cash and/or assets from the Las Vegas copyright troll after Righthaven failed to pay a court judgment from August 15.
[NY Post] Jon Corzine, the CEO of bankrupt broker-dealer MF Global, saw his reputation tossed from the frying pan right into the regulatory fire yesterday when Sherlocks discovered as much as $700 million in customer funds missing from the firm.
Officials from two US regulators, the Commodities Futures Trading Commission and the Securities and Exchange Commission, were looking into whether the loot was diverted to support some of the firm's own trades.
As if the allegedly missing funds, which happened on Corzine's watch, are not bad enough, it was learned late yesterday that the $700 million was responsible for capsizing a potential deal between MF Global and rival Interactive Brokers Group that could have saved the firm and the jobs of the company's 2,870 employees worldwide.
Word of the possibly purloined funds came hours after MF Global was forced to filed for bankruptcy protection after its debt ratings had been downgraded to junk status on the discovery that the firm had $6.3 billion of European sovereign debt on its books -- twice as much as its larger Wall Street rivals.
Corzine pushed the firm to buy up the debt.
It was an amazing week for the one-time Goldman Sachs ...Malefactors of Great Wealth, the second most generous contributor to the 2008 Obama campaign, with a total of $1,013,091... co-CEO, US (Democrat Party) Senator from New Jersey and Garden State governor.
MF Global's Chapter 11 was the eighth-largest bankruptcy filing in US history and an embarrassing turn of events for a budding brokerage franchise that choked on too much Euro trash.
For Corzine, it was such a gut-wrenching plunge from grace that if his reputation masqueraded during Halloween as Lehman Brothers' disgraced former CEO Dick Fuld, many would have thought it less scary.
MF Global's shocking bankruptcy comes three years after Fuld's firm went bust on toxic mortgage debt during the credit crisis in 2008.
A heavyweight in both Wall Street and Washington circles, Corzine was even considered a potential cabinet member in President B.O.'s administration just last summer.
Indeed, MF creditors were so concerned that Corzine might quit to take a White House post that they demanded an "Obama clause" be inserted in a $325 million bond offering -- in which MF would shell out an extra 1 percent in interest if Corzine left for a government post by 2013.
Posted by: Fred ||
11/03/2011 00:00 ||
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Republicans on the House Energy and Commerce Committee voted Thursday to subpoena the White House for all internal communications related to the failed solar company Solyndra.
The subpoena escalates the ongoing battle between the White House and Republicans over a $535 million Energy Department loan guarantee to Solyndra, the California solar panel maker that filed for bankruptcy in early September, setting off a firestorm in Washington.
Republicans have pummeled the White House over the loan guarantee for weeks, using Solyndras bankruptcy to challenge the administrations green-energy agenda.
The committees investigative panel voted 14-9, along party lines, to subpoena the internal communications a day after the White House offered to provide documents if Republicans narrowed their request. Every Republican on the panel voted in favor of the subpoena and every Democrat voted against it.
I regret that we have reached this point, Rep. Cliff Stearns (R-Fla.), the chairman of the committees Oversight and Investigations subcommittee and the GOPs point man on the Solyndra investigation, said Thursday. At this point in time, I am not confident that we will have a good faith response from the White House without issuing a subpoena.
Sometimes, in the course of an investigation, we find ourselves unable to secure necessary evidence, full committee Chairman Fred Upton (R-Mich.) said. House Rules expressly give us the power of subpoena to compel cooperation in these instances. It is a tool we use sparingly and only as a last resort. Today, it is our last resort.
In a statement, White House spokesman Eric Schultz said that the administration had "cooperated extensively" with the committee's request for documents.
"All of the materials that have been disclosed affirm what we said on day one: this was a merit based decision made by the Department of Energy," he said.
"We'd like to see as much passion in House Republicans for creating jobs as we see in this investigation," Schultz added.
The Holder Justice Department has been using secret internal redistricting plans to try to force states, counties and cities to maximize the number of black elected officials resulting from redistricting. In the 1990′s the Department of Justice Voting Section engaged in illegal activity that was commonly referred to as Max-Black when reviewing redistricting plans in 16 states covered by Section 5 of the Voting Rights Act. In sum, it meant that DOJ Voting Section lawyers worked with groups like the NAACP to maximize the number of black elected officials in any legislative, county or city redistricting plan submitted to Justice. As I write in my book Injustice, this behavior cost the taxpayers a bundle in sanctions.
Our good friend former Assistant Attorney General Loretta King was involved in this outrage. Everything old is new again, and the Holder Department of Justice is once again imposing Max-Black on the United States through the use of secret internal Max-Black redistricting plans that are used to criticize or attack plans submitted by jurisdictions which do not Max-Black.
Tabella has this important post at ElectionLawCenter.com. These Max-Black plans are the sort roundly criticized by the Supreme Court, and often violate the Fourteenth Amendment.
Sen. Richard Blumenthal (D-Conn.) ...the guy so competently filling the Chris Dodd seat...
on Tuesday introduced legislation that would allow federal block grants that states now use to subsidize child-care services to also allow for the purchase of diapers and "diapering supplies."
The bill, S. 1778, would amend the Child Care and Development Block Grant Act of 1990 to allow diapers and related supplies to be bought with grant money provided to states. Under current law, the money is meant to subsidize child-care services to parents who are entering the labor force or are in job training and education programs. It also helps subsidize child-care services for certain eligible families.Sen. Richard Blumenthal (D-Conn.) on Tuesday introduced legislation that would allow federal block grants that states now use to subsidize child-care services to also allow for the purchase of diapers and "diapering supplies."
The bill, S. 1778, would amend the Child Care and Development Block Grant Act of 1990 to allow diapers and related supplies to be bought with grant money provided to states. Under current law, the money is meant to subsidize child-care services to parents who are entering the labor force or are in job training and education programs. It also helps subsidize child-care services for certain eligible families.
Posted by: Fred ||
11/03/2011 00:00 ||
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#1
I think the Senator wants adult diapers because he knows whats coming Nov. 6, 2012.
#2
...introduced legislation that would allow federal block grants pork that states now use to subsidize child-care services to also allow for the purchase of diapers and "diapering supplies."
#7
Why not. With them looking for funding for diapers and supplies. Just pull up the truck. Were going to takeout a whole wall. The American tax payer will be left holding the ....
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
[NY Post] Jon Corzine, the CEO of bankrupt broker-dealer MF Global, saw his reputation tossed from the frying pan right into the regulatory fire yesterday when 
Sen. Richard Blumenthal (D-Conn.) 
