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For the answer to this question, we need to go back to the very first decision to bail out AIG, made, we are told, by then-Treasury Secretary Henry Paulson, then-New York Fed official Timothy Geithner, Goldman Sachs CEO Lloyd Blankfein, and Fed Chairman Ben Bernanke last fall. Post-Lehman’s collapse, they feared a systemic failure could be triggered by AIG’s inability to pay the counterparties to all the sophisticated instruments AIG had sold. And who were AIG’s trading partners? No shock here: Goldman, Bank of America, Merrill Lynch, UBS, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Barclays, and on it goes. So now we know for sure what we already surmised: The AIG bailout has been a way to hide an enormous second round of cash to the same group that had received TARP money already.

It all appears, once again, to be the same insiders protecting themselves against sharing the pain and risk of their own bad adventure. The payments to AIG’s counterparties are justified with an appeal to the sanctity of contract. If AIG’s contracts turned out to be shaky, the theory goes, then the whole edifice of the financial system would collapse.

…

Some American officials say the [drone] strikes in the tribal areas have forced some leaders of the Taliban and Al Qaeda to flee south toward Quetta, making them more vulnerable. In separate reports, groups led by both Gen. David H. Petraeus, commander of American forces in the region, and Lt. Gen. Douglas E. Lute, a top White House official on Afghanistan, have recommended expanding American operations outside the tribal areas if Pakistan cannot root out the strengthening insurgency.

Both had been investigating extra-judicial assassinations by the Kenyan Police. Part of their work forms the basis of the “Cry of Blood” report Wikileaks released on November 1 last year and subsequent follow ups, including a UN indictment last month.

Since 2007 the Oscar foundation has documented 6,452 “enforced disappearances” by police and 1,721 extra-judicial killings.

Wikileaks was added to the blacklist for publishing a leaked document containing Denmark’s list of banned websites.

The move by the Australian Communications and Media Authority comes after it threatened the host of online broadband discussion forum Whirlpool last week with a $11,000-a-day fine over a link published in its forum to another page blacklisted by ACMA – an anti-abortion website.

ACMA’s blacklist does not have a significant impact on web browsing by Australians today but sites contained on it will be blocked for everyone if the Federal Government implements its mandatory internet filtering censorship scheme.

But even without the mandatory censorship scheme, as is evident in the Whirlpool case, ACMA can force sites hosted in Australia to remove “prohibited” pages and even links to prohibited pages.

Online civil liberties campaigners have seized on the move by ACMA as evidence of how casually the regulator adds to its list of blacklisted sites. It also confirmed fears that the scope of the Government’s censorship plan could easily be expanded to encompass sites that are not illegal.

“The first rule of censorship is that you cannot talk about censorship,” Wikileaks said on its website in response to the ACMA ban.

The site has also published Thailand’s internet censorship list and noted that, in both the Thai and Danish cases, the scope of the blacklist had been rapidly expanded from child porn to other material including political discussions.

“In the last six months, A.I.G. has received substantial sums from the U.S. Treasury,” Mr. Obama said. He added that he had asked Treasury Secretary Timothy F. Geithner “to use that leverage and pursue every single legal avenue to block these bonuses and make the American taxpayers whole.”

Later in the day, a White House official disclosed that the administration would use a pending $30 billion installment for A.I.G. to recoup the $165 million in retention payments to A.I.G. employees in the business unit that brought the company to the brink of collapse last year.

Florida State Senator Michael S. Bennett told Fox News host Steve Doocy on Monday that with the unemployment rate in his recession-battered state running between 10% and 11%, he worries that the Unemployment Trust Fund might be exhausted.

“I wanted to ensure that people who are qualified for unemployment — that the money would be there when they actually go down and get unemployment and that we weren’t supporting the people who were not able to go to work,” Bennett explained. “It was nothing against the people who were using the drugs as much as it was to ensure that the people who needed unemployment, it would be there when they got there.”

Bill Piper of the Drug Policy Alliance, which is dedicated to ending the “war on drugs,” responded that “to require someone to pass a drug test to get their unemployment insurance after they’ve been laid off is pretty cruel — and to require them to pay for the test themselves is even more cruel.”

“It’s a pretty degrading process,” Piper went on. “You have to urinate in front of another person. … You have to tell complete strangers if you’re on birth control or Viagra or if you’re suffering from depression.”

Experts behind the 1980s missile shield idea have helped to develop a laser that locks onto and kills airborne insects.

It is thought the device, dubbed the ‘Weapon of Mosquito Destruction’ (WMD), could be used against mosquitoes, which kill almost one million people around the world every year by spreading malaria.

The research in Seattle, reported in the Wall Street Journal, has been funded by Microsoft billionaire Bill Gates through his charitable foundation.

The WMD laser works by detecting the audio frequency created by the beating of mosquito wings. A computer triggers the laser beam which burns the wings off the mosquito and kills it.

Among those working on the research project are astrophysicists Dr Lowell Wood and Dr Jordin Kare who both worked on the original Star Wars plan to shield America from nuclear attack.

Dr Kare said: “We like to think back then we made some contribution to the ending of the cold war. Now we’re just trying to make a dent in a war that’s actually gone on a lot longer and claimed a lot more lives.”

The laser missile defence system was proposed in the 1980s to knock Soviet missiles from the skies with beams. It was greeted with enthusiasm by President Ronald Reagan but mocked as “Star Wars” by Senator Edward Kennedy and never got off the ground.

Nope. All they have to do is limit the amount of ammunition available to the civilian market, and when bullets dry up, guns will be useless.

Think we jest?

Here are copies of two letters sent to Georgia Arms just Thursday evening–effectively cancelling a contract he had to purchase 30,000 pounds of expended military brass in .223, 7.62mm, and .50 caliber:

Dear Valued Customer:

Please take a moment to note important changes set forth by the Defense Logistics Agency:

Recently it has been determined that fired munitions of all calibers, shapes and sizes have been designated to be Demil code B. As a result and in conjunction with DLA’s current Demil code B policy, this notice will serve as official notification which requires Scrap Venture (SV) to implement mutilation as a condition of sale for all sales of fired munitions effective immediately. This notice also requires SV to immediately cease delivery of any fired munitions that have been recently sold or on active term contracts, unless the material has been mutilated prior to sale or SV personnel can attest to the mutilation after delivery. A certificate of destruction is required in either case.

Thank you,

DOD Surplus
15051 N Kierland Blvd # 300
Scottsdale, AZ 85254

March 12, 2009

Larry Haynie
Georgia Arms
PO Box 238
Villa Rica, GA 30180

Re: Event 7084-6200:

Dear Larry Haynie,

Effective immediately DOD Surplus, LLC, will be implementing new requirements for mutilation of fired shell casings. The new DRMS requirement calls for DOD Surplus personnel to witness the mutilation of the property and sign the Certificate of Destruction. Mutilation of the property can be done at the DRMO, if permitted by the Government, or it may be mutilated at a site chosen by the buyer. Mutilation means that the property will be destroyed to the extent prevents its reuse or reconstruction. DOD Surplus personnel will determine when property has been sufficiently mutilated to meet the requirements of the Government.

If you do not agree with the new conditions of your spot sale, please sign the appropriate box provided below stating that you do not agree to the new terms and would like to cancel your purchase effective immediately. If you do agree to the new terms please sign in the appropriate box provided below to acknowledge your understanding and agreement with the new requirements relating to your purchase. Fax the signed document back to (480) 367-1450, emailed responses are not acceptable.

Please respond to this request no later than close of business Monday, March 16th, 2009.

Sincerely,

Government Liquidation.

Got that? From now on, remanufacturers of military brass will not be able to buy surplus brass from DOD–actually from Government Liquidators, llc.–the corporation that sells surplus materials for the U.S. government. At least, not in any form recognizable as once-fired brass ammunition.

Now all brass ammunition will have to be shredded, and sold as scrap.

Georgia Arms, who brought this to our attention, is the 5th largest ammunition manufacturer of centerfire pistol and rifle ammunition in the U.S.

“We’re right up there behind Hornady,” Larry Haynie told me.

He also told me with the cancellation of his contract to purchase this brass, and the ending of his ability to purchase any more expended military ammunition, he will have to severely curtail his operation–laying off approximately half his 60-person work force.

Haynie further pointed out this move is a stupendous waste of taxpayer money–reducing the worth of the brass some 80%–from casings, to shredded bulk brass.

He stated most of this will now go to foundries where it will be melted down, cast in shippable forms, and likely be sold to China, one of the largest purchasers of U.S. metals on the open market.

Haynie was manufacturing over 1 million rounds of .223 ammunition every month, which he sold on the civilian market to resellers, and to law enforcement agencies across the country.

He will start tomorrow sending cancellations of orders for .223 to law enforcement agencies all over the country.

…

Goldman Sachs led beneficiaries, with $12.9 billion, followed by SocGen, France’s No. 3 bank, with $11.9 billion, and Deutsche Bank, Germany’s biggest lender, with $11.8 billion. New York-based AIG and the Fed had previously refused to reveal the counterparties, saying the contracts were confidential and that the information could damage AIG’s business prospects.

“I was happy to see that AIG finally handed over the counterparty information we’ve been requesting for months,” said Representative Elijah Cummings, a Maryland Democrat on the House Oversight Committee. “However, I am deeply concerned that Goldman Sachs received so much money from AIG considering the relationships between the two companies. We will certainly be investigating this further to ensure that this is merely a coincidence.”