The $400 Billion Gift

Catching up on news from earlier this week, I’m astounded to read the real reason the US stock market rallied:The US Taxpayers just lent the Biggest Banks and Hedge Funds in New York $400 Billion in exchange for ‘mark to market valued’ sub prime mortgage securities that are probably nearly worthless (being so far down on the claims chart in a bankruptcy). This is a ‘silent bailout’ of the Republican’s biggest contributors that is going to be much more expensive than the S&L Rescue package of the early 90s. At least Bush Sr proposed the S&L bailout in the sunlight. Bush Jr, Paulson and the Fed are doing the bailout without asking our permission. What does ‘pork barrel’ John McCain think of this corporate welfare?”

Why The Greens won’t win Marrickville

By all rights, The Greens’ candidate for Marrickville in the forthcoming NSW state election should be a shoe-in. This is The Greens heartland, and Fiona Byrne is a local councillor and presumably knows her patch. Labor incumbent Carmel Tebbutt, the Princess of Marrickville (so-called because her husband Anthony Albanese, the Prince of Marrickville, is the Federal ALP member for the equivalent district, Grayndler) has to dissuade us from thoughts that the NSW ALP government is rotten to the core. And environmental issues are at the top of the agenda.

But it won’t happen. And here’s why…

Earlier tonight, my post-gym dinner-and-drinks led me to the Carlisle Castle Hotel. It was a quiet night, and my gym partner and I were almost alone in the front bar until Fiona Byrne and her entourage turned up after a candidates’ forum at the Newtown Community Centre.

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