Governor Sarah Palin is about to hold a press conference, and information being reported prior to the PC is stating that not only will she not run for re-election for governor of Alaska, but that she is resigning her governorship and handing over the governorship to Lt. Gov. Sean Parnell at the end of the month.
As soon as I can find video of the press conference, I will embed it, and I will update this post as more information comes in.
UPDATE: Greta is reporting that Sarah signed a letter two weeks ago looking for funding for SarahPac.
UPDATE: It looks like Sarah Palin is stepping down because Alaskans are spending money defending Governor Palin against the political smear campaign and ethics violations.
UPDATE: She is resigning because she doesn’t want to draw a paycheck as a lame duck governor.
“I am determined to take the right path for Alaska even though it is not the easiest path,” Palin said after the announcement, according to a press release from her office. “Once I decided not to run for re-election, I also felt that to embrace the conventional ‘Lame Duck’ status in this particular climate would just be another dose of ‘politics as usual,’ something I campaigned against and will always oppose.”
Matt Taibbi has part of the puzzle, but not all of the pieces. Make sure to follow the link and watch the video Rolling Stone has of Matt Taibbi, and then go over to GoldmanSachs666. Mike Morgan has been covering this tentacle of the Pilgrims Society, and just won his court case against Goldman Sachs over copyright infringement. One has to cheer David on when he beats Goliath.
Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression
In Rolling Stone Issue 1082-83, Matt Taibbi takes on “the Wall Street Bubble Mafia” — investment bank Goldman Sachs. The piece has generated controversy, with Goldman Sachs firing back that Taibbi’s piece is “an hysterical compilation of conspiracy theories” and a spokesman adding, “We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance in being a force for good.” Taibbi shot back: “Goldman has its alumni pushing its views from the pulpit of the U.S. Treasury, the NYSE, the World Bank, and numerous other important posts; it also has former players fronting major TV shows. They have the ear of the president if they want it.” Here, now, are excerpts from Matt Taibbi’s piece and video of Taibbi exploring the key issues.
The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
Any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.
They achieve this using the same playbook over and over again. The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They’ve been pulling this same stunt over and over since the 1920s — and now they’re preparing to do it again, creating what may be the biggest and most audacious bubble yet.
