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Michele Bachmann did an interview posted yesterday at the right-wing blog Atlas Shrugs, where she talked about the danger of a global currency and other Obama economic policies. And she made this bold declaration: "And so we need to once again decide, do we want to be free, or do we want to be slaves? We have to make that decision. And I know I've made my choice, you've made your choice. And we have to act in concert if we want to make sure that we can hold on to what we have."

On the plus side, there was a point in the interview where Bachmann continued hearkening back to the American Revolution -- as she did during her fiery interview with Sean Hannity last week, when she said America was reaching the point of "orderly revolution" against Obama's Marxism -- but this time she was abundantly clear that she meant people needed to organize against Obama in elections:

The best thing that we can do, I believe, is to inform the American people what's at risk and what's at stake, and a better way forward. And if we can convince them -- because all we have right now is we can do that -- then perhaps we can turn this around in 2010, and at least stop the progress President Obama has made, continue to inform the American people, and make sure that his first term is his last term. And then we have to be extremely bold, if we are fortunate enough to win the presidency in 2012.

(Via Dump Bachmann.)

Nice guy, that Hank Greenberg.

Here, Rep. Jason Chaffetz (R-UT) asks the former AIG CEO whether he'd be willing to use a separate company that Greenberg has stocks in to pay back taxpayers for AIG's bailout.

And Greenberg pretty much tells him to shove it.


It's hard to tell if Eric Cantor's testing a new message, or if this is the new Republican line on the Democrats and the state of affairs in the country, but Politico reports that, at the Christian Science Monitor breakfast this morning, the House GOP whip, said Democrats are "overreacting, as they often will, to crisis."

But back to this morning. Cantor told participants that "Doing too much has huge, huge pitfalls," better, in other words, to err on the side of doing too little.

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We're a little late to this, thanks to some developments in other areas, but Fairfield Greenwich, the feeder fund that placed much of its assets with Bernie Madoff, was sued Tuesday by the state of Massachusetts, for defrauding its customers.

Secretary of State William Galvin claims that Fairfield, the largest of several feeder funds that funnelled investors to Madoff, failed to conduct due diligence as it promised. For instance, Galvin alleges, Fairfield didn't question Madoff about his unusual trading strategy, or about the fact that he hadn't hired an outside firm to handle record-keeping.

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Arlen Specter isn't waiting for Pat Toomey, the former GOP Congressman who nearly defeated him in the 2004 primary, to officially enter the race this time -- he's already going on the air with an attack ad.

The ad blasts Toomey as a credit-default swap trader who favored less oversight of Wall St. and putting Social Security in the stock market, and now wants a "bonus" in the form of a U.S. Senate seat:

Toomey has said he's "very likely" to run, but hasn't officially launched his campaign. That said, he's been speaking to conservative activists -- even appearing with Joe The Plumber against the Employee Free Choice Act -- and a candidacy really appears to be a foregone conclusion. So Specter isn't waiting.

The DSCC is moving out a new publicity push in the never-ending Minnesota Senate race, with a new Web petition: "It's time to give it up, Norm."

(Click image to enlarge.)

The DSCC has also sent out an e-mail promoting the petition to its supporter list, authored by Paul Begala:

But Norm Coleman didn't like that result, so he took it to court. And now when even his own lawyers are predicting he'll lose, Coleman's threatening to keep appealing to more and more courts.

How many more recounts does Norm Coleman want? How many more delays? How much longer will the Republican Party hold Minnesota's Senate seat hostage?


You don't have control, and you don't have management oversight, things can go wrong. And they did.


I think they got greedy. I think they wrote considerably more business than they should have.

Hard to argue with that. But it only happened after Greenberg left, of course.

Also: this is coming from the man whose net worth was rated by Forbes at $3.6 billion in 2004.

From Hank Greenberg's testimony in front of Congress, which just started:

AIG's business model did not fail. Its managers did.

In 2005, Greenberg stepped down after a 37-year run as AIG's CEO.

We'll be following his testimony closely.

As I reported last night, the Senate went on record yesterday against using the reconciliation process to pass climate change legislation. Most high-profile Democrats say they had no plans to do that anyhow, but yesterday's vote (67-31) almost certainly forecloses on the option altogether. The roll call just went up belatedly on the Senate website (owing, perhaps, to a backlog of votes) and I want to highlight the 26 Democrats who voted with the Republicans. With this vote they committed themselves to the idea that climate change legislation should be subject to a filibuster, and their large numbers suggests, perhaps, significant opposition to passing any major reform legislation (read: health care) through reconciliation.

Full list below the fold.

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