Woman Scorned Arrested for Bloomberg Ricin Letters

Kimberly Paxton

Most women just ask for a divorce when they’re unhappy in their marriages. And then there’s Shannon Richardson. The quote “Hell hath no fury like a woman scorned” has rarely been more appropriate.

Shannon Guess Richardson, a Texas woman, has been accused of sending ricin-tainted letters to Mayor Bloomberg and his anti-gun mayor buddies last month, and setting up her husband to take the fall. (Bloomberg, of course, immediately seized the opportunity to falsely accuse gun owners.)

Richardson, who is pregnant with her 6th child, called authorities and pointed the finger at her husband, Nathan Richardson. She told investigators that she had found sticky notes with the addresses of Bloomberg, his gun control group and President Obama. As well, she reported Tupperware containers and brown speckled beans.

When Nathan Richardson was questioned, he said that Shannon had wanted to leave him and that she was actually the one responsible for sending the letters. When Nathan’s car was searched, some castor beans (used to make ricin) were found rolling around in his trunk. Nathan Richardson’s attorney reported that Nathan had discussed a divorce a year previous to this incident.

Shannon’s story broke down upon closer investigation.

US Fed to release crisis bailout data

© AFP/File Karen Bleier

AFP

WASHINGTON (AFP) - The US Federal Reserve said Monday it would release data on its emergency aid to banks after the Supreme Court rejected arguments to keep it secret.

The Supreme Court declined to review a ruling that forces the Fed to publish the names of banks that borrowed from its discount window in April and May 2008, months before the industry fell into a panic.

Supreme Court Rules The Fed Has 5 Days to Release Records to Bloomberg

Dees Illustration

Zero Hedge

In a crushing blow against the Fed and the banks that own it, in this case represented by the Clearing House Association, the Supreme Court rejected an industry appeal set forth by the CHA, that sought to keep critical bailout data from going public. The lawsuit was originally started by the great and late Mark Pittman, who tragically passed away around Thanksgiving 2009: we are confident we would be delighted to learn that his unprecedented act of suing the Fed in order to generate more transparency has finally succeeded.

From Bloomberg:

The justices today left intact a court order that gives the Fed five days to release the records, sought by Bloomberg News’s parent company, Bloomberg LP. The Clearing House Association LLC, a group of the nation’s largest commercial banks, had asked the Supreme Court to intervene.

The order marks the first time a court has forced the Fed to reveal the names of banks that borrowed from its oldest lending program, the 98-year-old discount window. The disclosures, together with details of six bailout programs released by the central bank in December under a congressional mandate, would give taxpayers insight into the Fed’s unprecedented $3.5 trillion effort to stem the 2008 financial panic. 

“I can’t recall that the Fed was ever sued and forced to release information” in its 98-year history, said Allan H. Meltzer, the author of three books on the U.S central bank and a professor at Carnegie Mellon University in Pittsburgh.

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Bloomberg Files Lawsuit Against European Central Bank

UNC Biz Blog

Bloomberg LP, the parent of Bloomberg News, filed a lawsuit Wednesday that asks the European Union’s General Court in Luxembourg to overturn a decision by the European Central Bank not to disclose documents that show how Greece used derivatives to hide its fiscal deficit.

Bloomberg editor in chief Matthew Winkler appeared on Bloomberg Television on Wednesday to talk about the suit. Winkler said, “It’s very straight forward. We are seeking full disclosure of documents that show how Greece was able to finance itself into a predicament that became the European debt crisis as we know it. It’s entirely to the benefit of all the members of the EU, all of the citizens, all the taxpayers and for sure the financial markets. Transparency is something that has a way of enlightening perspective.”

Winkler also commented on the derivatives Bloomberg is seeking more information on:  “In this case, very complicated, intricate financing techniques were deployed to essentially enable Greece to put off consistently any kind of transparent reckoning of its indebtedness. That’s really at the heart of this case and that’s really why we are seeking these documents.”

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U.S. Debt Proposal Would Cut Social Security, Medicare

Heidi Przybyla and Brian Faler
Bloomberg

The co-chairmen of President Barack Obama’s debt-reduction commission will propose cuts to Social Security and Medicare, as well as reductions in income tax rates in exchange for curbing tax breaks, according to a Republican aide who attended the meeting.

The chairmen’s plan is already causing some Democrats and Republicans on the 18-member commission to balk. The plan will be announced at 1 p.m. Washington time today, said commission spokesman Fred Baldassaro.

“This is not a package that I could support,” Representative Jan Schakowsky, an Illinois Democrat, said during a break in a private meeting by the commission. She said any package able to win 14 votes on the panel would have to look “very different” from the options being discussed.

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Economists Say US Must Prepare for "Savage Austerity"

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Howard Davies, chairman of the London School of Economics, and Willem Buiter, chief economist at Citigroup Inc., talk about the potential impact of additional quantitative easing by the Federal Reserve on the U.S. economy. Davies and Buiter say "Savage Austerity" coming to America as they talk with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)


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Americans See Children's Future Dim in Poll as 50% Pessimistic

Rich Miller
Bloomberg

Americans say they have weathered the worst of the longest recession in seven decades, even as they are pessimistic about prospects for their retirement years, according to a Bloomberg National Poll.

Three in five respondents to the Oct. 7-10 poll say their economic condition has improved recently or they are confident it will get better. One in three say things have gotten worse or aren’t likely to improve anytime soon.

“I see some hope, but not a lot,” says poll respondent Brian Ridlon, 34, an out-of-work resident of Green Mountain, Arkansas, who wants to learn how to become a barber. “There are some avenues to improve yourself, but we need more.”

What optimism there is about the immediate future doesn’t carry over to the longer term. Pluralities of those polled say they’re not hopeful they will have enough money in retirement and expect they will have to keep working to make up the difference. More than 50 percent aren’t confident or are just somewhat confident their children will have better lives than they have.

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Death of the American Dream

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