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This story from Bloomberg just hit the wires this morning.  Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. What this means for you is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan.  Even worse, the total exposure is unknown because Wall Street successfully lobbied during Dodd-Frank passage so that no central exchange would exist keeping track of net derivative exposure.

ISLAM, THE RELIGION OF TERROR

The Imam of Lyon Grand Mosque, Kamel Kabtane, in eastern France revealed that he had received a letter containing death threats, pointing out that he would file a case against the sender. Imam Kabtane said that the death threat letter he received was written in four pages and included the words" personal "and" confidential" and it was sent to him at the mosque. He added that he received the day before at his home another threat letter from an unknown sender but apparently this death letter was also issued from the same person. In a copy of the death threat letter that was obtained by "Agence France Presse" the theater had written: a bomb will explode and you will not find a pig's head in front of the mosque but your head. The imam of the mosque said: we get about once a month threats from the same person but they did not include the same tone. The imam mentioned that he files a complaint every time to the Counter Terrorism Department of the police in Paris. The imam of the Grand Mosque showed his great concerns from the tone that was in the last threat letter he received.

This happened to me a couple of weeks ago while I was on my way home one early morning. I was on a jeepney, riding through Sampaloc en route to Pandacan, via Vicente Cruz street. It was around 5AM, and everybody I was riding with was either sleepy or drunk (there's a Padi's Point near SM San Lazaro, the terminal of this jeepney route), and all in all, you could say that it was a very idyllic ride. But that turned out to be a mistaken assumption.

Americans are living longer than in years past as according to the latest census, about 13% of the United States population is age 65 or older unlike in the past 1900 which is 4%. Studies show us that they are extremely vulnerable to abuse and neglect.

A large majority of the American people consistently support the following agenda: Tax the rich and corporations End the wars, bring the troops home, cut military spending Protect the social safety net, strengthen Social Security and improved Medicare for all End corporate welfare for oil companies and other big business interests Transition to a clean energy economy, reverse environmental degradation Protect worker rights including collective bargaining, create jobs and raise wages Get money out of politics

LONDON –  For 5 hundreds of years, considering that the time of the Tudors, the shipyard in Portsmouth, England, built warships that assisted Britain rule the waves and generate an empire. On Wednesday, the yard's employees learned the website will be shut.

Jeffrey Goldberg responded yesterday to my post detailing his long list of journalistic malfeasance by telling me that he and the Prime Minister of Iraqi Kuridstan would like me to travel there to hear how much the Kurds appreciate the U.S. invasion of Iraq. Leaving aside the complete non sequitur that is his response -- how does that remotely pertain to Goldberg's granting of anonymity to his friends to smear people they don't like or the serial fear-mongering fabrications he spread about the Saddam threat prior to the invasion? -- I don't need to travel to Kurdistan to know that many Kurds, probably most, are happy that the U.S. attacked Iraq. For that minority in Northern Iraq, what's not to like? They had foreign countries (the U.S. and its "partners") expend their citizens' lives and treasure to rid the Kurds of their hated enemy; they received semi-autonomy, substantial oil revenues, a thriving relationship with Israel, and real political power; the overwhelming majority of the hundreds of thousands of Iraqis whose lives were snuffed out and the millions of people displaced by the war were not Kurds, and most of the destruction took place in Central and Southern Iraq away from their towns and homes, while they remain largely free of the emergent police state tactics of the current Iraqi government. As Ali Gharib put it to Goldberg: "there are at least 600,000 Iraqis who, I imagine, are not too thrilled about the way it all turned out and with whom Greenwald will never get a meeting."

The American people are hurting. As a result of the greed, recklessness and illegal behavior on Wall Street, millions of Americans have lost their jobs, homes, life savings and their ability to get a higher education. Today, some 22 percent of our children live in poverty, and millions more have become dependent on food stamps for their food.

"I'm mad as hell, and I'm not going to take it anymore!"  Who among us has not wanted to open their window and shout that at the top of their lungs?  Seriously, who?  Because we're looking for those people. We're looking for the people who think shouting is annoying, counterproductive, and terrible for your throat; who feel that the loudest voices shouldn't be the only ones that get heard; and who believe that the only time it's appropriate to draw a Hitler mustache on someone is when that person is actually Hitler. Or Charlie Chaplin in certain roles.  Are you one of those people? Excellent. Then we'd like you to join us in Washington, DC on October 30 -- a date of no significance whatsoever -- at the Daily Show's "Rally to Restore Sanity." Ours is a rally for the people who've been too busy to go to rallies, who actually have lives and families and jobs (or are looking for jobs) -- not so much the Silent Majority as the Busy Majority. If we had to sum up the political view of our participants in a single sentence... we couldn't. That's sort of the point.  Think of our event as Woodstock, but with the nudity and drugs replaced by respectful disagreement; the Million Man March, only a lot smaller, and a bit less of a sausage fest; or the Gathering of the Juggalos, but instead of throwing our feces at Tila Tequila, we'll be actively *not* throwing our feces at Tila Tequila. Join us in the shadow of the Washington Monument. And bring your indoor voice. Or don't. If you'd rather stay home, go to work, or drive your kids to soccer practice... Actually, please come anyway. Ask the sitter if she can stay a few extra hours, just this once. We'll make it worth your while.

Are these people in Washington there for you and I or is it every man for himself. They adjourned without voting on extending the Bush tax cuts so that they can go home to campaign to try and earn the right to go back to Washington and do nothing all over again.

This is a re-imagined Donald Duck cartoon remix constructed using 50 classic Walt Disney cartoons from the 1930s to 1960s. Donald's life is turned upside-down by the current economic crisis and he finds himself unemployed and falling behind on his house payments. As his frustration turns into despair Donald discovers a seemingly sympathetic voice coming from his radio named Glenn Beck.   Will Donald's feelings of disenfranchisement lead him to be persuaded by his radio's increasingly paranoid and divisive rhetoric? Or will our favorite Disney duck decide that this voice is not actually on his side after all? Watch and find out!   * Listen to Glenn Beck's response on his radio show to this remix video: YouTube via stopbeck.org - http://www.youtube.com/watch?v=FHHByFFSh54  * Better yet check out ikat381's remix of Beck's response using Mickey Mouse: http://www.youtube.com/watch?v=dbjjTLVrkKA  This transformative remix work constitutes a fair-use of any copyrighted material as provided for in section 107 of the US copyright law. "Right Wing Radio Duck" by Jonathan McIntosh is licensed under a Creative Commons BY-NC-SA 3.0 License - permitting non-commercial sharing with attribution.  * Please link back to my website: http://www.rebelliouspixels.com * English captions are now working in case you're not fluent in duck-speak  * Learn about fair-use at the Center for Social Media: http://centerforsocialmedia.org * Learn about transformative works at the OTW: http://transformativeworks.org * Useful Media Matters archive of Glenn Beck clips: http://mediamatters.org/mmtv/  * * * * * * * * * * * * * * * * * * * * Jonathan McIntosh http://www.rebelliouspixels.com * * * * * * * * * * * * * * * * * * * *  List of Cartoons used:  * Window Cleaner - 1940 * Lucky Number - 1951 * Symphony Hour - 1942 (Mickey Mouse Cartoon)  * Put-Put Troubles - 1940 * Donald's Dilemma -19

Obama is at it again, this time in Rolling Stone: The president told Democrats that making change happen is hard and "if people now want to take their ball and go home, that tells me folks weren't serious in the first place.

On the night he won, I too shed a little tear; but the people weeping today are those having their homes repossessed

The daughter of a man who crashed his small plane into a building housing offices of the Internal Revenue Service called her father a hero for his anti-government views but said his actions, which killed an IRS employee, were "inappropriate."

SACRAMENTO - In another indication of how frustrated voters have grown with politics as usual, California - home of initiative-happy democracy - is considering a radical overhaul.

The time for presidential rhetoric is over. It is time for some action. This performance makes Katrina look like a home run!

The £4.5bn national identity card scheme is to be scrapped within 100 days, the home secretary, Theresa May, announced today.

Go read this Glenn Greenwald post and this followup from Nick Baumann about Gulet Mohamed, an American citizen who was recently arrested in Kuwait, brutally tortured (I think it's OK to use the word since it's someone else's police we're talking about), and then put on a no-fly list so he can't return to America. This is not the first time this has happened, and if you're really worried about an increasingly tyrannical government, this is the kind of thing to worry about. If a crime has been committed, then let him come home and charge him. If not, then he's an American citizen, and no American government should be allowed to unilaterally strand its own citizens overseas. This whole affair is revolting.