Pocket Change: 10/02/08
- Well, Bailout 2.0 has passed the senate and is trying to find a home in the house. My only question is, why hasn’t anyone on mainstream media (with the exception of NPR and the Daily Show) brought primary attention to the part of it that said that the Treasury could basically make laws without recourse (section 8)? (New York Times)
- Regarding the structure of our credit economy: “…it’s not a secret conspiracy. It’s an overt one, and playing out in full view of anyone who has time (time is money, after all) to observe it.” (Douglas Rushkoff)
- How do bloggers make money? Slate has some ideas, but this blogger makes money by working a day job and sometimes a night one. (Slate)
- How the bailout plan is like a Hedge Fund… or a slot machine, if you ask me. (Slate)
- Housing crisis? Check eBay! A Chicagoan just bought an abandoned Saginaw Michigan house for $1.75. Unfortunately, she has to pay back taxes, so that brings the price up to about $850. I bet shipping is gonna be hell, too. (Saginaw News)
- Don’t blame the financial crisis on hedge funds, irresponsible investment firms and our culture of ghost credit… blame it on the gays!!! That’s who some fundamentalists are blaming it on. Assholes. (PageOneQ)
- I think Tom Colicchio should name his new one-night-a-week restaurant, Consumatron Eats For Free Whenever He Wants. (NYT)
photo via rebelart.net
Posted by consumatron on October 2nd, 2008 filed in
October 4th, 2008 at 9:28 pm
You mentioned in your 2 October post that the mainstream media has ignored that Bailout 2.0 gives Trasure the power to make laws without recourse. But you cited a draft of the proposal from 20 September.
I loooked at the text of the final bill as passed,
https://thomas.loc.gov/home/gpoxmlc110/h1424_enr.xml
and it does not have that Section 8. The new version even has an oversight board (Sec. 104) and judicial review (Sec. 119) as well as termination of authority (Sec. 120).
[Note: pardon the duplicate posting of this comment to the wrong article. Ooops.]
October 6th, 2008 at 11:13 am
I noticed your “broken picture icon on this post, and since your blog is all about consumption, I though I might point out my blog post on the topic and how to purchase broken picture icon stickers. https://www.artifacting.com/blog/2007/01/24/broken-picture-icon/