What Change Looks Like 2

Run on Antigua banks as Stanford goes on the lam

Anybody called John Cornyn's office yet to see if he knows where Sir Allen is?

ST. JOHN'S, Antigua (Reuters) – Hundreds of people lined up to withdraw money from banks in Antigua and Caracas affiliated with Texas billionaire Allen Stanford, a day after the tycoon was charged with an $8 billion fraud.

The whereabouts of the brash, 58-year-old financier were unknown. CNBC television said he tried to hire a private jet to fly from Houston, the site of his U.S. headquarters, to Antigua, but the jet lessor refused to accept his credit card.

The U.S. Securities and Exchange Commission has accused Stanford of operating a fraud centered on the sale of certificates of deposit from his Antiguan affiliate, Stanford International Bank Ltd (SIB).

The scheme has drawn comparisons with the alleged $50 billion fraud by Wall Street veteran Bernard Madoff.

In the twin-island state of Antigua and Barbuda, where Stanford is the biggest private employer, Prime Minister Baldwin Spencer said the charges against him could have "catastrophic" consequences but urged the public not to panic.

Two police officers stood watch at the Bank of Antigua as at least 600 people stood in a line stretching around a street corner, despite assurances from regional monetary authorities that the bank had sufficient reserves.

John Cornyn manages to get involved in every significant Texas-based financial swindle/scandal, yet the brain-dead Texas conservatives continue sending him back to Congress to defraud us over and over again.

All was quiet on Wednesday outside Stanford's Houston office, a day after a raid by federal agents. A man who answered the phone at Stanford's Boston offices but declined to give his name said, "The office is open but we are not doing anything."

Certainly nothing like identifying yourself or closing investors' accounts and returning all their money, eh buddy?

Stanford, who holds dual U.S.-Antiguan citizenship, has donated millions of dollars to U.S. politicians and secured endorsements from sports stars, including golfer Vijay Singh and soccer player Michael Owen.

...

Stanford lived for more than 20 years in the reef-girded island of Antigua, only 9 miles wide and 12 miles long with a population of just 70,000.

He owns the country's largest newspaper, heads a local commercial bank, and is the first American to receive a knighthood from its government. He has homes sprinkled across the region, from Antigua to St. Croix in the U.S. Virgin Islands to Miami.

I would like for John Cornyn to join Roland Burris on the unemployment line ASAP.

Update: From Trail Blazers ...

Sen. John McCain of Arizona was the first major recipient to step forward (and disgorge Stanford's political contributions). An aide said this morning that he will donate his receipts -- $28,150, according to the nonpartisan Center for Responsive Politics - to a yet-to-be named charity.

McCain was the 3d biggest recipient from Stanford, his employees and his company's political action committee.

No word yet on disgorgement from the others in the top five, including two Texans: Bill Nelson, D-Fla. ($45,900); runner-up, Dallas GOP Rep. Pete Sessions ($41,375); fourth place Sen. Chris Dodd, D-Conn. ($27,500), and Texas GOP Sen. John Cornyn ($19,700).

Gov. MoFo says 'no thanks' to your money

That makes him a minority even among Republican governors, including Sarah Palin, Charlie Crist, and Arnold Schwarzeneggar.

How much more stupid can one man get?

Gov. Rick Perry said Tuesday he’s not sure the state should accept all of its projected share of federal stimulus money — $16.9 billion and counting by preliminary estimates — because of the “mile-long” strings that might be attached.

“In Texas, we actually know it is a good idea to look a gift horse in the mouth. If we don’t, we may end up with an old nag,” said Perry, who has been critical of such federal spending and voiced concern over whether the state could afford federal strings.

“One thing that concerns me is that dollars are going to come into Texas that require us to match those dollars, and then two years from now, those federal dollars won’t be there, but we will be on the hook to pay for those programs going forward,” Perry said.

According to a preliminary legislative analysis, economic stimulus provisions that affect the Texas budget could total about $16.9 billion.

Perry didn’t say which programs he was referring to, and spokeswoman Katherine Cesinger said his staff still is looking over potential allocations to Texas.

But even in Houston, people are finally starting to understand what a miserable failure the man is. One of the top comments from Chron.com readers at the story link is from "RepublicanForChange":

Texas ranks 49 out of 50 states in the number of children who do not have health insurance. Why? Governor Perry rejected billions of dollars in federal health care dollars because of a fear Texas would have to spend more money on children's health care. If Texas had committed those extra dollars, Texas would rank about 40th of 50 states in its health care spending for children, and Governor Perry thinks that is too much.

Governor Perry does not object to the University of Texas and Texas A & M spending a combined 200 million dollars per year for seven Saturday's of football entertainment, but he does object to spending even one more dollar on sick children. Rick Perry has made clear his belief that a child's "Right to Life" ends at birth.

See? Evolution isn't just a theory.

Update: Jason Embry via Phillip Martin reports that Governor 39% is already backtracking:

Gov. Rick Perry said today he will gladly accept federal stimulus dollars for one-time expenses, but he’s not anxious to embrace dollars for recurring state expenses.

“We need the freedom to pick and choose,” Perry told a group of small-business leaders in Austin. “We need the freedom to say, ‘no thanks’ if they’re trying to stick a bill on the people of the State of Texas just to expand government.”

Cornyn, Stanford, and Antigua

Zachary Roth at Josh Marshall's TPMMuckraker has it:

So we already knew that Allen Stanford -- the Texas banker charged by the SEC today with running an $8 billion "fraud of shocking magnitude" -- had some pretty impressive political contacts with both parties.

But it looks like his relationship with one of his home-state senators, Republican John Cornyn, may have been especially cozy.

According to Cornyn's Senate disclosure reports -- posted on the site Legistorm.com, which tracks privately financed trips by members of Congress -- the Stanford Financial Group paid for the Texas senator and an unnamed companion to take a November 2004 trip down to Antigua and Barbuda, the tiny Carribean nation where the company has its headquarters.

The three day trip is described by Legistorm as a "financial services industry fact-finding mission hosted by constituent company with substantial operations on site."

The site adds:

Sen. Cornyn discloses expenses for himself and a companion, but does not disclose the identity of the companion.

The total cost of the trip: $7,441.00

Stanford Financial was selling CDs with an 8.25% rate of return (not FDIC-insured, of course). Allen Stanford was a big donor to Texas Republicans, particularly John Cornyn and Pete Sessions, but as Roth notes, his contributions were bipartisan.

As for Cornyn's traveling companion, I frankly don't give a shit if he took a box turtle with him down to the Caribbean.

Cornyn is as god-damned corrupt as Tom DeLay, and to think we could have been rid of him four months ago is just too big a missed opportunity to be reminded of.

Update: Rick Dunham at Texas on the Potomac has more, including a smattering of the usual "Democrats did it too/the Chronicle has a liberal bias" reaction from the locals.

A public service reminder

... not to elect religious fundamentalists to the Texas SBOE:


And please remember this the next time Pete Sessions says that the tactics of the Taliban should be replicated in the United States Congress.

The gathering ubiquitousness of Facebook

I do it in the Facebook. Do you?

Last night I realized I have an addiction: I went through Annise Parker's Facebook group friending people I really don't know (but figured I would like to because of our shared interest in seeing her elected as Houston's next mayor). Facebook now gives me a warning when I friend someone, saying I am "abusing the system". I also acquired a conservative Bush-loving barnacle. He hasn't been blocked yet, but I'm ready with the shitscraper.

Hello, my name is Perry and I'm a Facebookaholic. But I only have three of the ten warning signs (#3, 5a, and 9 if you really must know).

Why Facebook is for (Us) Old Fogies:

1. Facebook is about finding people you've lost track of. And, son, we've lost track of more people than you've ever met. Remember who you went to prom with junior year? See, we don't. We've gone through multiple schools, jobs and marriages. Each one of those came with a complete cast of characters, most of whom we have forgotten existed. But Facebook never forgets.

2. We're no longer bitter about high school. You're probably still hung up on any number of petty slights, but when that person who used to call us that thing we're not going to mention here, because it really stuck, asks us to be friends on Facebook, we happily friend that person. Because we're all grown up now. We're bigger than that. Or some of us are, anyway. We're in therapy, and it's going really well. These are just broad generalizations. Next reason.

3. We never get drunk at parties and get photographed holding beer bottles in suggestive positions. We wish we still did that. But we don't.

4. Facebook isn't just a social network; it's a business network. And unlike, say, college students, we actually have jobs. What's the point of networking with people who can't hire you? Not that we'd want to work with anyone your age anyway. Given the recession -- and the amount of time we spend on Facebook -- a bunch of hungry, motivated young guns is the last thing we need around here.

5. We're lazy. We have jobs and children and houses and substance-abuse problems to deal with. At our age, we don't want to do anything. What we want is to hear about other people doing things and then judge them for it. Which is what news feeds are for.

6. We're old enough that pictures from grade school or summer camp look nothing like us. These days, the only way to identify us is with Facebook tags.

7. We have children. There is very little that old people enjoy more than forcing others to pay attention to pictures of their children. Facebook is the most efficient engine ever devised for this.

8. We're too old to remember e-mail addresses. You have to understand: we have spent decades drinking diet soda out of aluminum cans. That stuff catches up with you. We can't remember friends' e-mail addresses. We can barely remember their names.

9. We don't understand Twitter. Literally. It makes no sense to us.

10. We're not cool, and we don't care. There was a time when it was cool to be on Facebook. That time has passed. Facebook now has 150 million members, and its fastest-growing demographic is 30 and up. At this point, it's way cooler not to be on Facebook. We've ruined it for good, just like we ruined Twilight and skateboarding. So git! And while you're at it, you damn kids better get off our lawn too.

Update: They heard you. Dwight ...

Usually, I don't think businesses like Facebook have anything nefarious in mind when something like this happens, but ToS documents are complicated things. What may seem like innocent legal jargon to the corporate attorneys can easily become a public relations bombshell.

Just ask AT&T.

In this case, users were telling Facebook, "Hey, it's MY information, and when I say DELETE, it had better be gone." Facebook gets props for listening to the complaints and doing the right thing in the end, but it was a mistake that probably could have been avoided in the first place if its executives had read the ToS from their customers' point of view.

Cheney's mad at Bush now

Is that popcorn ready yet?!?

In the waning days of the Bush administration, Vice President Dick Cheney launched a last-ditch campaign to persuade his boss to pardon Lewis (Scooter) Libby -- and was furious when President George W. Bush wouldn't budge.

Sources close to Cheney told the Daily News the former vice president repeatedly pressed Bush to pardon Libby, arguing his ex-chief of staff and longtime alter ego deserved a full exoneration - even though Bush had already kept Libby out of jail by commuting his 30-month prison sentence.

"He tried to make it happen right up until the very end," one Cheney associate said.

In multiple conversations, both in person and over the telephone, Cheney tried to get Bush to change his mind. Libby was convicted of perjury and obstruction of justice in the federal probe of who leaked covert CIA operative Valerie Plame's identity to the press.

Several sources confirmed Cheney refused to take no for an answer. "He went to the mat and came back and back and back at Bush," a Cheney defender said. "He was still trying the day before Obama was sworn in."

After repeatedly telling Cheney his mind was made up, Bush became so exasperated with Cheney's persistence he told aides he didn't want to discuss the matter any further.

The unsuccessful full-court press left Cheney bitter. "He's furious with Bush," a Cheney source told The News. "He's really angry about it and decided he's going to say what he believes."

Update: Herr General Turd Blossom says the feud is "overblown". I suppose if anyone knows anything about blowing ...

Stick with us! We got ya this far

The Weekly Wrangle

Monday morning means it's time for another edition of the Texas Progressive Alliance's Weekly Round-Up.

Off the Kuff takes a look at the early possibilities for the Democratic nomination for Governor in 2010.

Vince at Capitol Annex takes a serious look at Speaker Straus' committee assignments.

CouldBeTrue of South Texas Chisme wants to know how police officers can mistake a 12-year-old black girl standing in her own yard for 3 white prostitutes?

WCNews at Eye On Williamson has noticed there's been plenty of misinformation about the the New Deal during the stimulus debate. This week was no different: Another misleading GOP talking point on the New Deal.

McBlogger takes a look at the current economic situation in light of renewed attacks on the stimulus plan. His conclusion is that you really shouldn't listen to those on the right since they don't, you know, understand what's going on or have an accurate read on historical analogues.

Are you terrorized by Barnett Shale gas well compressor noise? If so, you aren't the only one. TXsharon knows about a recent court case that might be helpful. Learn about it on Bluedaze then help us get OGAP here so we can rein in out-of-control drilling.

Possible KBH replacement state senator Florence Shapiro does some political posturing with the new "MySpace bill".The Texas Cloverleaf reports.

Neil at Texas Liberal reviewed structural causes of longterm poverty. Neil also determined that the song running through his mind for the past 20 years was Bring Me Edelweiss. It's a song from an Austrian techno-dance group. Check out the video.

John Coby at Bay Area Houston thinks the leadership at the University of Texas is a bunch of Rotten Teasip Bastards and the student government leaders are a bunch of Teasip wusses.

DosCentavos opines on Senate Bill 320; a bill to require any justice of the peace in a county of 200,000+ to be a licensed attorney. And Stace is not happy at all about it.

jobsanger expresses his disappointment in a Panhandle state legislator in "Chisum's Law Is Abject Failure" and celebrates his fall from his powerful chairmanship of the appropriations committee in "Chisum And Swinford Are Out".

Xanthippas at Three Wise Men examines the claim that groups on the left are in the pocket for the Obama administration, and have sacrificed their credibility on issues like the stimulus package.

The two front-runners for the Democratic nomination for Texas Governor in 2010 are Kinky Friedman and Tom Schieffer. Seriously. PDiddie at Brains and Eggs has the details.

BossKitty at TruthHugger is is angry at the sloppy traffic cops we call the US Strategic Command. They oversee our Space Surveillance Network, tracking thousands of pieces of space junk orbiting over our heads every day. So is this just a movie to them? Shouldn't they sound some kind of alarm when a collision is imminent? There is some Serious Space Debris -- US Command Fails Role As Traffic Cop.

WhosPlayin wonders why roadside puppy sales continue despite a new ordinance banning it in Lewisville.

No obstruction too great or too small

... for John Cornyn and his merry band of naysayers:

Having just seen what President Barack Obama can do with 58 Democrats in the Senate, Republicans are more determined than ever to keep him from getting a 59th.

Especially if the 59th is Al Franken.

Franken, the former comedian, leads Republican Norm Coleman by 225 votes in a “Groundhog Day” of an election that dawned more than three months ago and shows no signs of ending soon.

Which is exactly how Senate Republicans want it. The National Republican Senatorial Committee held a ritzy fundraiser for Coleman in Washington this week, helping him raise the money he needs to keep his legal challenges alive through a trial and then a lengthy legal process if he loses.

How long should Coleman hold out?

“However long it takes,” says Texas Sen. John Cornyn, who chairs the NRSC.

“I encourage him to see it through the end,” Cornyn said Thursday. “He feels like he owes it to the voters of Minnesota and his colleagues here. He realizes how important retaining that seat is to us.”

Six more long years of John Cornyn's daily bullshit.

How about a protest in front of his office with bottles of laxative for him to drink? We're all going to need some relief from him soon, that's for sure.