Obama IS a U.S. citizen, says exasperated White House

"We conclude that it meets all of the requirements from the State Department for proving U.S. citizenship. Our conclusion: Obama was born in the USA, just as he has always said."

Accounting Brothel Opens Doors for Banker Fiesta: Jonathan Weil

How interesting. Please read.

Obama Staff Arrives to White House Stuck in Dark Ages of Technology

..Obama team members, accustomed to working on Macintoshes, , found computers outfitted with six-year-old versions of Microsoft software. Laptops were scarce, assigned to only a few people in the West Wing. They were left struggling to close-caption online videos.

Should We Force Banks to Lend?

Why save banks if they will not lend?

Auto Manufacturers: Long-Term Contribution Trends

Though their contributions are dwarfed by those of car dealers, auto manufacturers monitor a host of legislative issues in Washington – among them, trade issues, import quotas from Japan and fuel efficiency and safety standards for the latest models of cars and SUVs.

Life insurers seek aid to stabilize investments

Life insurance companies, nervous over massive investment losses that could ultimately threaten their viability, are hoping they are next in line to get a piece of the U.S. financial bailout.

Legalize It

With a recession in sight, the case for legalizing marijuana and taxing it for government revenue seems more practical than ever.

How low can oil go? A lot lower, but it'll recover

"How low prices go is rather random: $50, $40, $35? It could be any of those numbers," said Kevin Norrish, analyst at Barclays Capital in London... As the gravity of the global recession has become clear, economists have recalibrated their views of oil demand...An Iranian oil of …

CitiGroup in talks to buy Chevy Chase Bank

Citigroup Inc is in talks to buy U.S. regional lender Chevy Chase Bank FSB, which operates in the mid-Atlantic region, the Wall Street Journal said.

Reid, Pelosi target golden parachutes

The Democratic leaders wrote Paulson on Wednesday, urging him to "seriously consider strengthening the restrictions on executive compensation," warning that Paulson risks "weaken[ing] public support" for the bailout if CEOs receive lavish compensation packages.

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