Goldman Puts Other ACA In the News
The ACA has been in the news a lot lately. But with due modesty to the pickup our coverage of the American Cable Association got last week online and in the magazine, it is a different ACA.
The ACA that has been all over the Web, and probably wishes it hadn’t been, was ACA Capital Holdings, the now-defunct bond insurer that found itself in the middle of the Goldman Sachs story.
The definitely not-defunct ACA we are more familiar with was having a much better time of it over the past week or so as it contemplated possible FCC action on a retrans revamp it has been calling for at the FCC.
“Any similarity between ACA (cable) and ACA (alleged Goldman Sachs ally) is purely coincidental,” said American Cable Association President Matt Polka. “We at ACA (cable) are too busy reforming retransmission consent to take on something uncomplicated like the world of credit default swaps.”
Those swaps are enough to make a grown Senator swear.
Lilian commented:
I thought it was one of the bteetr interviews as Mike got to make his points, which were very good. Right now in America there seems to be two forms of justice. One for the rich and one for the poor. It is not a race issue as their are poor whites who live in just as much poverty as Blacks. It is a class issue. When I was working in Hilton Head, SC I worked security and one of the guys I worked with was Black and we were talking and he made a realy good point about it was a class issue and not a race issue. That poor Whites and Blacks need to work together as we were in the same boat. The rich keep getting richer and the rest of us are deeper into debt just to survive. Instead of us fighting each other we need to realize that it is a class struggle and work together as one so that all workers are paid a living wage. It is a sin I think for some people to make hugh profits off the backs of their workers when their workers are struggling just to make ends meat every month.I also think that all those who have broken the trust of the American people by lying, by being corrupted and doing what you are told to do instead of doing what you know is right, and those who don't care that their actions are causing this country to continue on the sucide path we are on; should be punished just as much as the large corporations who bribed them. But the reality is that they won't be punished for their crimes.