From the Wall Street Journal…..
The legislation, introduced late Thursday by Senate Banking Committee Chairman Christopher Dodd, would temporarily allow the FDIC to borrow $500 billion to replenish the fund it uses to guarantee bank deposits, if the Federal Reserve and Treasury Department concur. Those funds would be distinct from the contentious $700 billion financial-sector bailout, which lawmakers are loathe to expand.
It would also be distinct from the stimulus plan. But who really cares? What difference one way or another will another half trillion dollars make? It is only equal to the cost of another war in Iraq.
From The San Fransisco Chronicle…….
In a 2006 ruling, Henderson said the $1.1 billion medical care system was causing the unnecessary death of one inmate per week. He said the state was incapable of repairing the system and appointed a manager to run it under his supervision.
Gov. Arnold Schwarzenegger called for a return to state control last month. He also has appealed Henderson’s order that the state pay the first $250 million of the manager’s $8 billion plan to rebuild prison hospitals.
The courts can appoint managers who are superior to the elected authorities? I can see giving people standing to sue or forcing pay outs to those deemed to have died “unnecessarily.” But it seems to me that under this reasoning the Supreme Court could decided that the Federal government was not allowing people to exercise all their constitutional rights and so they were going to appoint a new president.
I will make it semi-official on the recorded line. I tell my dispatcher that I will be more than happy to try to get airborne (that is what I get paid for…), but in my opinion, we should think about canceling the flight. He puts me on hold for a few minutes…
“We want you to try.”
I would really hate to be on a plane were the pilot said that “we should think about canceling” and was told “we want you to try.” But I imagine that it happens a lot.