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40420. jexster - 11/21/2008 6:19:30 AM Obama's not a closet muzzie...he's a French sleeper cell!
CHICAGO (Reuters) – Retired Marine Gen. James Jones emerged as a leading contender for White House national security adviser as President-elect Barack Obama worked on Thursday to assemble his foreign policy team.
Democratic sources said Jones, the former top operational commander of NATO, was in the running for the job along with James Steinberg, who was deputy national security adviser in President Bill Clinton's administration.
An ABC News report said Jones was Obama's preferred candidate and the president-elect valued in particular his more-than four decades of military experience.
Jones is widely respected by both Democrats and Republicans but has avoided aligning himself with either party.
He is known to have been a strong critic of the Bush administration's handling of the Iraq war. Jones is quoted as describing the Iraq war as a "debacle," in Washington Post journalist Bob Woodward's 2006 book "State of Denial."
While refusing to confirm it publicly, Jones has not disputed the quote, published while he was still serving at NATO.
Woodward also reported that Jones believed former Defense Secretary Donald Rumsfeld had "systematically emasculated" the U.S. military's Joint Chiefs of Staff.
Jones grew up largely in Paris, France, and graduated from Georgetown University's School of Foreign Service.
The ABC News report said that Obama, who spent part of his childhood in Indonesia, feels a kinship with Jones because of his upbringing overseas.
Old cultural curmudgeon William Lind will pee. He's a big fan of Gen Jones40421. jexster - 11/21/2008 7:00:43 AM On the other hand Dr. Doom is just full of gloom
Credit markets have seized again....Dow 5500 anyone? 4500?
Ginorumus Clusterfuck:
The Latest Bear Market Sucker’s Rally Has Gone Bust as We Are Headed Towards Stag-Deflation
Nouriel Roubini
40422. arkymalarky - 11/21/2008 9:46:43 AM NCLB provides that failing schools be taken over and the supts fired and replaced. Do the same with the CEO of every troubled business that receives gvt money. I don't want to hand any money to any company, but ballooning unemployment is getting scary. 40423. thoughtful - 11/21/2008 2:56:37 PM From CNN
At Wednesday's hearing, Rep. Brad Sherman, D-California, pressed the private-jet issue, asking the three CEOs to "raise their hand if they flew here commercial."
"Let the record show, no hands went up," Sherman said. "Second, I'm going to ask you to raise your hand if you are planning to sell your jet in place now and fly back commercial. Let the record show, no hands went up." 40424. judithathome - 11/21/2008 4:12:05 PM Anyone see Rachel Maddow last night? She had a guy on whose last name I can't recal...Malcolm something. He made a good case for Obama picking people of experience for his Cabinet.
Very interesting guy...his last book was Tipping Point and the new one is Outliers. 40425. thoughtful - 11/21/2008 4:28:47 PM malcolm gladwell...he's a regular in the New Yorker mag and covers a lot of interesting topics. 40426. TheWizardOfWhimsy - 11/21/2008 5:14:03 PM 
40427. TheWizardOfWhimsy - 11/21/2008 5:37:50 PM 40428. TheWizardOfWhimsy - 11/21/2008 5:39:28 PM 40429. jexster - 11/21/2008 6:13:16 PM Sarah's Turkey Slaughter
40430. TheWizardOfWhimsy - 11/21/2008 6:21:40 PM Jexster--you're really observant! 40431. jexster - 11/21/2008 6:42:31 PM You betcha! 40432. jexster - 11/21/2008 6:44:34 PM Dr. Doom
The Deadly Dirty D-Words: “Deflation”, “Debt Deflation” and “Defaults”. And How Central Banks Will Have to Resort to “Crazy” Policies as We Have Reached Such Bermuda Triangle of a “Liquidity Trap”
Nouriel Roubini | Nov 21, 2008
Not sure whether Roubini links work..subscription only
40433. TheWizardOfWhimsy - 11/21/2008 7:13:37 PM I was being facetious! You posted the same Palin turkey video two posts after my video post. You have the patience of a Golden Retriever.
Nouriel Roubini . . .
40434. TheWizardOfWhimsy - 11/21/2008 7:18:37 PM 
40435. magoseph - 11/21/2008 7:32:54 PM AIRFORCE ONE OBAMA
40436. jexster - 11/21/2008 7:36:46 PM 40427
"You need a little levity in this deal"
Simple Sister 40437. jexster - 11/21/2008 7:43:10 PM was that Robert I saw on "Texas Air"? 40438. thoughtful - 11/21/2008 8:35:22 PM Perfect example. This is just wrong. Time for taxpayer/share owner revolt!
By Jake
Should Mack Whittle have been able to receive $18 million in "severance" when he retired from South Financial Group? You make the call (all the following bullets come from this Propublica article Bank Got Bailout, CEO Got Golden Parachute, but were rearranged to get a clearer timeline of the events):
Under Whittle, the bank grew to be the largest based in South Carolina, with $13.7 billion in total assets and 180 branch offices in Florida, North Carolina and South Carolina.
But the bursting of the housing bubble has hit the South Financial Group hard. Since the beginning of 2007, the bank's stock has fallen sharply from above $26 to about $3.50 today.
Whittle's plans to retire had been announced Sept. 5 -- before the worst of the credit crisis and a month before Congress passed the $700 billion bailout. The company said then that Whittle would retire by year's end.
The bank booked a $25 million net loss in its third quarter.
But on Oct. 24, shortly after the bank announced that it would be applying for bailout money, the bank decided that Whittle would be retiring early the next week.
Whittle's successor had yet to be named, and no reason was given for the earlier date.
The South Financial Group, South Carolina's largest bank, announced earlier this week that it had been approved to receive $347 million from the U.S. government.
Because of the timing, he's free from golden parachute limits that come with accepting bailout money.
I don't know near enough about Mack Whittle or South Financial Group to understand why he retired early. However, does it make sense that a bank that just lost more than 85% of its equity value, and is in such need for liquidity that it tapped the U.S. taxpayer for equity, reward its CEO at the height of the financial crisis when they are leaving the problems behind?
The finishing paragraph in the article from corporate governance analyst Paul Hodgson rings true:
"If you and I decided to retire, we might get what's left of our 401(k). But for some reason the rules seem to be different for executives. They get severance even though they're retiring. There's no logic to it at all."
40439. jexster - 11/21/2008 9:06:47 PM I didn't want to give those you-know-whos a bailout to begin with...to the barricades Tfilled...
preferably at Wonkers Yacht Club and Wizzers party place - The Country Club of Darien
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