Archive for May 16th, 2009

The Coutry’s In the Best Hands: Biden Reveals Location of Hidden Bunker

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inthebesthands

According to an account in Newsweek, Biden did give up one of the country’s  secrets at another dinner where journalists and politicians make fun of Republicans (and occasionally laugh at each other). Biden told his dinnermates about the existence of a secret bunker under the Vice President’s Residence at the U.S. Naval Observatory.
Eleanor Clift writes:

Ever wonder about that secure, undisclosed location where Dick Cheney secreted himself after the 9/11 attacks? Joe Biden reveals the bunker-like room is at the Naval Observatory in Washington, where Cheney lived for eight years and which is now home to Biden. The veep related the story to his head-table dinner mates when he filled in for President Obama at the Gridiron Club earlier this year. He said the young naval officer giving him a tour of the residence showed him the hideaway, which is behind a massive steel door secured by an elaborate lock with a narrow connecting hallway lined with shelves filled with communications equipment. The officer explained that when Cheney was in lock down, this was where his most trusted aides were stationed, an image that Biden conveyed in a way that suggested we shouldn’t be surprised that the policies that emerged were off the wall.

From Gateway Pundit


Obama “I Don’t Want to Run the Banks”… Fail

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Gov’t pressuring Bank of America board change

Quote:

A report Friday said federal officials are pressuring Bank of America Corp. to revamp its board and bring in directors with more banking experience.The story in The Wall Street Journal called the regulators’ move “unusual” as the government does not own a stake in the company, and most of the bank’s problems are the result of its purchase of Merrill Lynch & Co., which was advised by regulators.

Bank of America said last week it was looking for new directors, but gave little detail. The announcement came as the government, after completing its stress test of the bank and 18 other financial companies, said Bank of America needed to raise nearly $34 billion. The bank has received $45 billion in government funds as part of the Treasury Department’s $700 billion financial rescue package.

The Journal said regulators including the Federal Reserve and the Office of the Comptroller of the Currency had previously signaled to the bank’s leadership that changes in the board would be well received by the federal government, the Journal report said.

Bank of America spokesman Scott Silvestri declined to comment on the report, but said every bank that participated in the recent U.S. stress tests was advised to review its board and management.


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