The Original DailySkew

It occurred to me again that the feeling of reading the many headlines on Drudge and other headlines is the equivalent of the Watchmen character Ozymandias watching all channels at once on a wall of TV screens.

I can’t wait to see how that will be depicted in the Watchmen movie.

Anyway … in honor of that insight, I thought I’d create a pastiche of quotes, videos, and pics culled from recent news headlines:

The U.S. government will invest about $250 billion in possibly thousands of banks as part of a far-reaching effort to shore up the U.S. financial sector, with the U.S. Treasury unveiling the plans Tuesday, sources have told CNBC.
The planned equity investments are part of a U.S. Treasury, Federal Reserve and Federal Deposit Insurance Corp. program. As part of the deal, the FDIC will insure all non-interest paying bank deposits and new preferred debt issued by banks. The Treasury will provide a three-year guarantee of bank-to-bank lending.

Corporate liberals have done their share in shutting down anti-liberal speech, too. “Saturday Night Live” ran a spoof of the financial crisis that skewered Democrats like House Financial Services Chairman Barney Frank and liberal contributors Herbert and Marion Sandler, who sold toxic-waste-filled Golden West to Wachovia Bank for $24 billion. Kind of surprising, but not for long. The tape of the broadcast disappeared from NBC’s Web site and was replaced with another that omitted the references to Mr. Frank and the Sandlers. Evidently NBC and its parent, General Electric, don’t want people to hear speech that attacks liberals.

Viewers of Jim Cramer’s “Mad Money” TV show probably expected words of optimism after Monday’s historic 926-point rally. Instead they received only words of caution.
“This stock market still cannot be trusted,” Cramer told viewers bluntly. He called the meteoric market rise just a logical response to what had become incredibly oversold conditions.

Speaker Nancy Pelosi today issued the following statement on Congressman Tim Mahoney of Florida:
“I just learned today about the serious allegations concerning Congressman Tim Mahoney. These charges must be immediately and thoroughly investigated by the House Ethics Committee.”

Stop watching the Dow.

Morgan Stanley surged 87 percent after changing terms of its $9 billion investment from Mitsubishi UFJ Financial Group Inc. UBS AG and ING Groep NV jumped more than 12 percent in Europe after the region’s leaders said they would guarantee bank debt. The euro rose the most in three weeks against the dollar and yen on speculation the bailout may prevent more bank failures.