Week-End Reading

June 9, 2012

Whose side is Eric Holder on?

Imagine a football game where the referee decided to stop whistling penalties. Imagine a school where administrators imposed different standards of conduct on different students. Imagine hiring a babysitter who disregarded every household rule, and created brand new ones as he saw fit. Now, pretend for a minute that the highest law enforcement officer in the country approached his job with the same reckless disregard for fair play that our hypothetical referee or school principal or babysitter approached theirs

Romney Critical of Government Aid That Helped Bain Profit (Bloomberg Business Week)

Mitt Romney likes to say that “government does not create prosperity.”

His record in the private equity industry shows otherwise.

During Romney’s years as chief executive of Bain Capital LLC, companies owned by the firm received millions of dollars in benefits from a variety of state and local government economic development programs.

Romney Benefited From a $10 Million Federal Bailout 

It wasn’t really a TARP style bailout — worse — Romney‘s Bain placed a $10 million dollar liability with the taxpayers. All this while he benefited $4 million dollars directly.

The way the company was rescued was with a federal bailout of $10 million. “The rest of us had to absorb the loss … Romney? He and others made $4 million in this deal. … Mitt Romney: Maybe he’s just against government when it helps working men and women.  But this flip flopping moderate who also claimed to be progressive was for and against Obama’s wall street bailouts.  Make up your mind, jeese!

Meet the JOBS Act’s Jobs-Free Companies

The JOBS Act was supposed to be about clearing away regulation to help young companies create jobs.

Just eight weeks after its passage, however, more than a dozen of the companies seeking to use its looser rules for going public aren’t the type of high-tech growth companies lawmakers had in mind.

“Special-purpose acquisition companies” and “blank check” companies, basically empty shells with almost no employees that are used in mergers or as a backdoor route to U.S. stock listings, have been quick to identify themselves in regulatory filings as “emerging growth companies.”

TSA delays background checks for new hires

ATLANTA —In a move that could affect security at airports around the nation, the Transportation Security Administration confirmed Wednesday it had such a backlog of background security checks, airport employers were allowed to hire any employee needed

On Wednesday, Channel 2 obtained a Hartsfield-Jackson International airport internal security memo detailing the policy shift, but the TSA said the policy affects airports across the country.

Before the change, any new employee was required to undergo both a TSA criminal background check and a security threat analysis because of access to certain security areas off limits to civilians.

This entry was posted in CORRUPTION, Cyber Security, DEFENCE, Economy, Fast & Furious, Post America and tagged , , , , . Bookmark the permalink.

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