Farewell. The Flying Pig Has Left The Building.

Steve Hynd, August 16, 2012

After four years on the Typepad site, eight years total blogging, Newshoggers is closing it's doors today. We've been coasting the last year or so, with many of us moving on to bigger projects (Hey, Eric!) or simply running out of blogging enthusiasm, and it's time to give the old flying pig a rest.

We've done okay over those eight years, although never being quite PC enough to gain wider acceptance from the partisan "party right or wrong" crowds. We like to think we moved political conversations a little, on the ever-present wish to rush to war with Iran, on the need for a real Left that isn't licking corporatist Dem boots every cycle, on America's foreign misadventures in Afghanistan and Iraq. We like to think we made a small difference while writing under that flying pig banner. We did pretty good for a bunch with no ties to big-party apparatuses or think tanks.

Those eight years of blogging will still exist. Because we're ending this typepad account, we've been archiving the typepad blog here. And the original blogger archive is still here. There will still be new content from the old 'hoggers crew too. Ron writes for The Moderate Voice, I post at The Agonist and Eric Martin's lucid foreign policy thoughts can be read at Democracy Arsenal.

I'd like to thank all our regular commenters, readers and the other bloggers who regularly linked to our posts over the years to agree or disagree. You all made writing for 'hoggers an amazingly fun and stimulating experience.

Thank you very much.

Note: This is an archive copy of Newshoggers. Most of the pictures are gone but the words are all here. There may be some occasional new content, John may do some posts and Ron will cross post some of his contributions to The Moderate Voice so check back.


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Saturday, October 16, 2010

I want some of what he's smoking

Commentary By Ron Beasley


CNBC's Jim Carney



Because the politicians will not let the financial stability of the largest bank in the nation be threatened by contractual rights. Not when there�s an easy fix available that won�t cost taxpayers a dime.


Here�s what is going to happen: Congress will pass a law called something like �The Financial Modernization and Stability Act of 2010� that will retroactively grant mortgage pools the rights in the underlying mortgages that people are worried about. All the screwed up paperwork, lost notes, unassigned security interests will be forgiven by a legislative act.



Don't get me wrong, this is what they would like to do but even the dumbest politician knows what would happen - the Tea Party and the Dirty F**king Hippies find some common cause and march to DC with pitchforks and torches in hand. 


Now the Federal Government is going to have to step in and do something and it probably won't be pretty.  But one thing they can't get away with is giving the banksters another get out of jail free card.


Jail


Not going to happen!



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6 comments:

  1. kgusOctober 16, 2010 at 9:07 AM

    After superficially educating myself about the issue this past week I assumed a scenario just like Carney's. It will happen -- I'll bet you. It just won't happen until after the election, most likely during the lame duck session; but a new Congress will pass it, too, counting on the legendary American short-term memory.
    You've been warned.

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  2. Ron BeasleyOctober 16, 2010 at 9:27 AM

    They will try to clean up the title mess, in fact they already did, but I'm not sure the States will let them - title law is a State issue. But that's not the banks biggest problem anyway, it's fraud. While the homeowners are relatively powerless the folks who bought those fraudulent securities are not and other than a financial bailout I don't see how legislation can help and I really don't see that happening.

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  3. anna missedOctober 16, 2010 at 9:50 AM

    If it were just a matter of screwing the little people, then sure they would make up some legislation. But since there are so many moneyed interests that will also stand to lose, then Ron is right that there will be no fix.
    Large boulder will continue rolling down hill.

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  4. KatOctober 16, 2010 at 9:55 AM

    As digby (among others) recently said, It's Time For Jail Terms.

    ReplyDelete
  5. KatOctober 16, 2010 at 10:04 AM

    Speaking of jail time for mortgage fraud, it's already happening -- though not yet for the big investment banksters, who are the ones who deserve it most.

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  6. Bill HOctober 16, 2010 at 7:20 PM

    The lame duck Congress will raise the retirement age and/or cut Social Security benefit payment rates, and it will clean up both the documentation and fraud messes in a manner that will immunize the big money interests. It will be done after the elections but before the end of the current session. Count on it.

    ReplyDelete

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