"After 35 years in America, I never thought I would see this." So wrote Stuart Varney, English-born Fox business correspondent in the Wall Street Journal on Saturday. He was referring to the Obama administration's refusal to allow the payoff on a $1 billion TARP 'investment'. As ex-GM chief Rick Waggoner found out, getting in bed with the U.S. government can result in severe injury. Now it appears that the administration's agenda for banks is as clear: Prohibit extrication from the puppet meisters, and watch out as they whittle control from private hands. Tim Geithner warned of as much, telegraphing that bankers' heads may roll as he appeared on CBS's Face The Nation. Watch for more power plays and governmental picking of winners and losers to gain momentum as the economy loses it.
DHS Press Secretary Arrested on Child Seduction Charges
The deputy press secretary for the U.S. Department of Homeland Security was arrested Tuesday for using the Internet to seduce what he thought was a teenage girl, authorities said.
Video Claims to Show Insurgents Dragging Burning Body of U.S
A poor-quality video posted on the Internet Wednesday in the name of an extremist group claimed to show Iraqi insurgents dragging the burning body of a U.S. pilot on the ground after the crash of an Apache helicopter.
Kidnapped Brothers Killed in Venezuela
Venezuelan authorities found the bullet-ridden bodies of three Canadian boys who had been kidnapped more than a month ago in the South American country, the justice minister said.
French Unions: Repeal Labor Law in 10 Days, or Else
France's biggest trade unions set a 10-day deadline Wednesday for the government to revoke a divisive jobs law, threatening more protests and strikes that have spiraled into a national crisis.
Three Arrested, Man Shot in 'Baby Shower Gone Bad'
A baby shower erupted into a fight among guests in which one man was shot and several other people, including the seven-months-pregnant guest of honor, were beaten with a stick, police say.
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