Oh, good.
Closure.
A Missouri bank executive who used nearly $400,000 in taxpayer-provided bailout funds to buy himself a luxury condo on Florida’s Gulf Coast pleaded guilty to charges of misleading investigators about the purchase in federal court on Tuesday. The maximum penalty Darryl Layne Woods faces is one year in prison and a fine of $100,000, according to the Justice Department.
As further condition of the plea, Woods is also not allowed to be further involved in banking or serve in "any financial institution or agency" from here on, which in hindsight we should probably have attached as condition to all the federal bailouts from the start.
Woods' problem is not that he used taxpayer money to buy a new Florida vacation home, it's that he didn't sufficiently launder the money first. They call it bonuses, Mr. Woods, and it's not like it's hard to do. Honestly, I don't know what they're even teaching people at banking school these days.
Blast from the Past. At Daily Kos on this date in 2008—Not "Yes We Can," but rather "We Have To":
As a highly partisan Dem who has been wishing and hoping and waiting for Obama to do what we in the blogosphere have been asking for for so long from our Dem leadership--draw a sharp contrast with the Republicans and bring the fight to them--I'm a satisfied customer tonight.
Barack Obama left behind some of the more squishy "post-partisan" rhetoric and did what he had to do--define McCain as Bush's third term. "Eight is enough" might be a slightly cheesy tag line, but it works. You'll remember it and you'll say "Yeah, eight IS enough," and we can't afford Republican rule any more.
This was the speech from someone who is ready to roll up his sleeves and get in the fight. Good show.
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Tweet of the Day:
If you think nobody cares if you're alive, try missing a couple of payments.
— @Marcome
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On today's
Kagro in the Morning show, a fascinating historical background for today's 50th anniversary of the March on Washington, from Chris Geidner at
BuzzFeed: "The Idea For A March On Washington Began in December 1940." A great lesson in FDR's "make me do it" style, as well as a reminder that, yes, things can take time. We explore that theme with listener comments, in the context of other reform fights, including the considerably more insidery game of filibuster reform. Paul Buchheit's "Eight Ways Privatization Has Failed America." And TNR reports "Finally, a Dictator Does Something Lanny Davis Cannot Tolerate." That thing, of course, is failing to pay him.
High Impact Posts. Top Comments.