You know what the problem is with America? The poor don’t get just how great they have it. I’ve hear this a lot lately; the basic thrust of the discussion is that all those cars, TVs, DVD players, refrigerators, and stoves that have … [Read more...]
Spitzer: Geithner has “failed” as Treasury Secretary; “not corrupt” but “just wrong” about his role
It's a shame that Eliot Spitzer so thoroughly embarrassed himself a while back. The guy really is one of the few people who can speak forcefully and knowledgeably about what went wrong in the financial markets and what is needed to … [Read more...]
140 BILLION in holiday bonuses – Wall Street sets new record – with POLL!
Wall Street to set new record with 140 BILLION in holiday bonuses The single largest bonus pool is the 23 Billion Goldman Sachs is paying out. "Given the rules, they earned it," said Peter Siris, an investment manager at Guerrilla Capital … [Read more...]
Bashful Barney
How is it that the brilliant, wisecracking, reporter-bullying Barney Frank has become such a toothless tiger on financial reform? Oct. 8 (Bloomberg) -- Legislation by Representative Barney Frank to tighten derivatives regulation contains an … [Read more...]
Following the AIG money
The company was indeed too big to fail. The money was provided to AIG in the form of loans and equity investments, contingent on the company’s winding down its AIG Financial Products Corporation and divesting itself of other … [Read more...]
Goldman Sachs, cap n trade
Cap and trade will increase the price of all commodity trades for the benefit of Goldman Sachs, a tentacle-like presence in elected government such as the Congress, through White House appointments, as well as some less transparent areas … [Read more...]
Banks, unhappy with terms of bailout loans, try to change them. Precious irony.
The hilarity never stops with these bankers. See, now that the taxpayers have bailed their sorry asses out of bankruptcy court, it turns out that they are, to use the NY Times's words, "balking at the hefty premium they agreed to pay … [Read more...]
Elliot Spitzer said – tonight, live – if they are too big to fail, break them up! With Poll
You don't have to take my word for it. Go to: http://today.msnbc.msn.com/id/... Wade through the Mea Culpa about the sex scandal, until you get to "The Sheriff of Wall Street". The funny thing is, I happen to agree. As a … [Read more...]
Obama Say it isn’t so!!!!!!!!!!!!
Now does a double standard exist? It may appear so. U.S. aims to help firms sidestep bailout rules! Link: http://www.msnbc.msn.com/id/30... If this is the case and I am hoping it is a misunderstanding by the reporter and the Washington Post … [Read more...]
Repost from 2008: Are all you Frogs boiled, yet?
Update of: Welcome to the New Gilded age - and the Big Lie (+) by: AmberPaw Sun Apr 13, 2008 at 17:05:59 PM EDT [Edited on March 23, 2009 based on the 2008 post] (The expansion that wasn't ... in MA or anywhere else. (PS -- I cannot … [Read more...]
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