Archive for the ‘Lawrence O’Donnell’ Tag

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Lawrence O’Donnell (MSNBC) “Just before officer Darren Wilson testified to the grand jury investigating his killing of Michael Brown the assistant District Attorney handling the case said this to the grand jurors ‘I’m going to pass out to you all, you all are going to receive a copy of a statute,It is section 563.046, and it is, it says law enforcement officers use of force in making an arrest, and it is the law on what is permissible, what force is permissible, and when in making an arrest by a police officer.’  The Assistant District Attorney Kathy Alizadeh then handed the grand jury a copy of a 1979 Missouri law that was ruled unconstitutional by the United States Supreme Court in 1985.  She was handing them something that had not been law in Missouri during her entire legal career.  But, it was very helpful to officer Darren Wilson that the Assistant District Attorney handed the grand jury an old unconstitutional law which said incorrectly that it is legal to shoot fleeing suspects, simply because they are fleeing.”


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Scott Prouty, the bartender who recorded Mitt Romney’s 47% video

Prouty “I grew up in a blue collar area of Boston, and nobody I know, can pay, can afford to pay $50,000 for dinner…..I felt an obligation for all the people who can’t afford to be there, you shouldn’t have to be able to afford $50,000 to hear what a candidate actually thinks.”

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Lawrence O’Donnell ““Harry Reid, who every day does much more than most people in the news media realize, and definitely accomplishes much more than the news media ever reports, pushed through pages and pages of nominations for President Obama yesterday when everyone was focused on what the House would do on the fiscal cliff vote. And Harry Reid did that with the active but invisible help of Mitch McConnell who did his part to make sure that no Republicans would vote against any of those nominations. And what did the United States Senate do today, that dysfunctional United States Senate? According to the news media, absolutely nothing.”

For more details, check out the video at this link:

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MATT TAIBBI, “ROLLING STONE MAGAZINE”: Private equity firms in general — this is something people generally don`t understand. When they take over companies, they borrow massive amounts of money that the company has to pay back. So you`re essentially borrowing against the assets of a company that you don`t own yet.

So when Mitt Romney talks about debt and he talks about the national debt and borrowing money that you don`t have, that`s exactly what he did for years. His model is very similar actually to those no money down mortgages, where you put down five percent, three percent and you get the house that you actually can`t pay for……

When they take over a restaurant, they can just run up massive bills on its credit, and they`ll monetize it that way. And that`s exactly what private equity firms can do. They can pay themselves massive dividends against the company`s credit when they take over companies. And
Bain has done this in a number of instances, including with K.B Toys…..

So you borrow 300 million dollars that a company like K.B. Toys has to pay back. Now they have all this debt. Now they have to fire a bunch of people to pay for that debt. And Bain Capital tells you who to fire. For the privilege of getting that advice, you have to pay them fees of up to 10 million dollars or 15 million dollars a year.

So now you have two huge burdens that you didn`t have before. You have the debt service and you have these annual fees, which can turn into massive amounts of money. “

O`DONNELL: And from all this, what has Mitt Romney learned that will be useful in the Oval Office.

TAIBBI: I guess having access to unlimited sums of money from the Fed will be a nice change Before, he just had to go to Goldman Sachs or
Citigroup to get the money. Now he`ll just have easy access to unlimited sums.”