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Monthly Archives: March 2010
Elizabeth Warren on CNBC
In an interview with Maria Bartiromo yesterday on CNBC, TARP Oversight Panel chairperson Elizabeth Warren commented on a wide range of topics from the alleged “profit” the government will receive from the sale of shares of Citigroup, to “pulling the … Continue reading
Posted in bailout, economy, Financial Crisis, financial reform, financial regulation, Politics, Wall Street
Tagged Citigroup, CNBC, commercial real estate, Elizabeth Warren, Fannie, Freddie, TARP
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Too Big To Fail is Too Big–Break ‘Em Up
The chorus of those calling for breaking up the big banks is growing larger and louder by the day. Senator Ted Kaufman (D-DE) in a speech on the floor of the Senate last Friday: “These mega-banks are too big to … Continue reading
Too Big To Jail?
Only in the bizarro world of high finance can one be named as a co-conspirator and not subject to criminal charges: “March 26 (Bloomberg) — JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and UBS AG were among more than … Continue reading
Regulatory Capture and the Washington/Wall Street Revolving Door
Regulatory capture: a term used to refer to situations in which a state regulatory agency created to act in the public interest instead acts in favor of the commercial or special interests that dominate in the industry or sector it … Continue reading
President Obama to Indonesians: Look Backward, Not Forward
From the Department of ‘Do As I Say, Not As I Do’ comes this from Glenn Greenwald at Salon: “President Obama gave an interview earlier this week to an Indonesian television station in lieu of the scheduled trip to that … Continue reading
Posted in Obama, Politics, torture, war on terror
Tagged Glenn Greenwald, human rights, Indonesia, look backwards, President Obama, Salon
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The Charade of Financial Reform
Simon Johnson at Baseline Scenario sheds light on Sen. Dodd’s proposed financial reform legislation, and it’s more of the same old, same old we’ve come to expect from Washington—the appearance of doing something while actually doing nothing: “…officials are lining … Continue reading
Pre-Existing Condition Loophole?
When Speaker Pelosi said of health care reform legislation on March 9 that “we have to pass the bill so that you can find out what is in it, away from the fog of the controversy,” I would guess she … Continue reading
Posted in Congress, health care, lobbyists, Politics
Tagged America's Health Insurance Plans, Baucus, Blue Cross Blue Shield, health care reform, Kaiser, Liz Fowler, lobbyists, pass the bill to find out what's in it, pre-existing conditions, Senate Finance Committee, Speaker Pelosi, WellPoint
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Where Are the Deficit Hawks on Pentagon Spending?
Think of what the reaction of the self-anointed deficit hawks in Washington would be to this headline in relation to any government spending not affiliated with the Pentagon: “Cost of (insert name of program here) Will Be Double the Original … Continue reading
Posted in Afghanistan, budget, economy, Iraq, Pentagon, Politics, war on terror
Tagged cost overruns, F-35 Joint Strike Fighter, government spending, Pentagon
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White House Set to “Overrule” Justice Department on Civilian Trials for Gitmo Detainees
One “change” I had hoped to see on January 20, 2009 was the end of the politicization of the Justice Department. Judging from this report at Newsweek by Michael Isikoff that isn’t going to be the case, as the Obama … Continue reading
Let’s Move On From Health Care. Please.
Now that health care reform, such as it is, has been signed, sealed, and set to be delivered in varying stages between now and 2014, can we please move on to other things. Believe it or not there are some … Continue reading
Posted in bailout, Congress, Financial Crisis, financial reform, financial regulation, health care, Obama, Politics, Wall Street
Tagged big business, commercial real estate, economic recovery, existing home sales, foreclosure prevention program, health care reform, housing crisis, ticking time bomb, Wall Street
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