Archive for the 'collapse' Category
An Answer for Matt Miller
matt Miller wants to know how we can rescue capitalism from Wall Street:
At what point does the ubiquity of the undeserving rich become so corrosive in a democracy that it sparks a backlash that wrongly discredits capitalism altogether?
That’s my question for Bob Rubin and Charles Prince, both formerly of Citigroup, when they testify before the [...]
Joe Lieberman is Laughing at the Democrats
joe Lieberman, doing exactly what i said he would do a year ago:
Mr. Lieberman threatened on national television to join the Republicans in blocking the health care bill, President Obama’s chief domestic initiative. Within hours, he was in a meeting at the Capitol with top White House officials.
And on Monday night, Democratic senators emerged from [...]
Galloway on Obama
A must read:
Who stole our change?
Who hijacked a popular uprising that was going to put a stop to business as usual in Washington, D.C.?
What happened to Barack Obama on his way to the White House? …
There was one thing Obama absolutely had to do, even before tackling an economic meltdown and the Wall [...]
William Black on Young Turks and William Black on Geithner
Who is William K. Black?
Bill Black is an Associate Professor of Economics and Law at the University of Missouri – Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of [...]
As I Was Saying About the Bailout…
No one could have SOMEONE Predicted:
Repealing Glass-Steagal was an incredibly stupid move. I wonder if anyone will ever call out Chuckles Schumer, Larry Summers, and the rest of the corporate cocksucking caucus for their role in destroying our economy.
I will make a call later and see what Chuckles’ office has to say.
A Trip Back in Time
Wondering how it is that the banks lost everything?
Via daily Kos, a trip back in time to when the Republicans and the Democrats, in spectacular bipartisan agreement (which truly brings to mind george carlin’s quip), eased banking regulations, namely tearing down Glass Steagal.
The bill will now be sent to the president, who is expected to [...]
More to the Point
It’s not so much that I don’t care anymore, it’s that I don’t BELIEVE anymore.
I do not believe Tim Geithner.
I do not believe Barack Obama, because he backs Tim Geithner.
I do not believe our Senators and Representatives.
I do not believe the corporate media.
With a few notable exceptions, I do not believe most bloggers either.
Frankly, I [...]
Poor Little Rich Boys: AIG, Merrill Executives Harrassed at Home
At least they have homes to go to.
The A.I.G. executive who was nicknamed “Jackpot Jimmy” by a New York tabloid walked up the driveway toward his bay-windowed house in Fairfield, Conn., on Thursday afternoon. “How do I feel?” said the executive, James Haas, repeating the question he had just been asked. “I feel horrible. This [...]
A Clarification
i just want to make one thing perfectly clear.
I’m upset about the AIG bonuses, and everything else entailed by the whole mismanaged, ill-conceived bailout. And I’m really upset about what looks very much like the Administration throwing a vulnerable member of their own party under the bus.
But what I am actually outraged about is [...]
AIG Contracts Not So Sacred in 2003
Well color me surprised! While today AIG is claiming that they have to pay hefty bonuses to loser exeuctives, it wasn’t necessarily so just a few years ago:
That may or may not be a legitimate argument (most experts seem to be saying “not”). But it’s worth noting that just a few short years ago, there [...]
