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Monthly Archives: April 2010
I Thought We Were “Looking Forward”
Wait a minute. I sense some inconsistency here. What happened to “look forward, not back?”: “The Obama administration is seeking to compel a writer to testify about his confidential sources for a 2006 book about the Central Intelligence Agency, a … Continue reading
Deeper Into the Afghanistan Quagmire
Afghanistan has been off the national radar screen lately, but the fighting there goes on, and we get deeper and deeper into the quagmire. In spite of our escalation the Taliban’s strength and popularity among the civilian population is increasing, … Continue reading
Posted in Afghanistan, Politics
Tagged Afghanistan, civilian contractors, Eric Martin, escalation, insurgency, NATO, Obsidian Wings, Pentagon report, Taliban
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Incompetence and Regulatory Capture at Washington Mutual
Any questions about why financial reform legislation must have strict provisions for enforcement not left up to the discretion of the so-called “regulators” should be cleared up by David Heath’s extensive piece at the Huffington Post about incompetence, corruption, and … Continue reading
Limbaugh: Goldman Sachs is the Victim
From Cenk Uygur at The Young Turks: Unbelievable. Uygur has more at the Huffington Post.
Posted in bailout, economy, Financial Crisis, Goldman Sachs, Politics, Wall Street
Tagged Cenk Uygur, Goldman Sachs, Rush Limbaugh, Young Turks
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Houston, We Have Bi-Partisanship…
…at least on the need to audit the Fed: “As unusual a coalition as can be crafted in the Senate plans to fight for an amendment to the Wall Street reform bill that would open the Federal Reserve to a … Continue reading
Posted in bailout, Congress, economy, financial reform, financial regulation, Politics, too big to fail, Wall Street
Tagged Alan Grayson, audit, Bernie Sanders, Federal Reserve, GAO, Ron Paul, TARP
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The Growing Financial Sector and the Shrinking Middle-Class
Arianna Huffington wrote an article at Huffington Post yesterday about the loss of our manufacturing base, the coinciding shrinking of the middle-class, and how the financial sector has become an increasingly disproportionate part of our economy. In her words, “the … Continue reading
Posted in economy, Politics, Wall Street
Tagged Arianna Huffington, financial sector, Huffington Post, manufacturing base, middle-class
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Bobbing and Weaving at the Senate Hearings
Former Goldman Sachs executive Daniel Sparks put on a demonstration of bobbing, weaving, ducking, and dodging yesterday in response to Sen. Carl Levin’s questioning about Goldman’s “shitty deal” the likes of which I haven’t seen since Muhammad Ali was in … Continue reading
Posted in economy, financial reform, financial regulation, Goldman Sachs, Politics, Wall Street
Tagged Carl Levin, Daniel Sparks, Goldman Sachs, shitty deal
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Blankfein Supports Financial Reform?
OK, now I’m suspicious. Goldman CEO Lloyd Blankfein says Wall Street will be the “biggest beneficiary” of financial reform: “A financial regulatory reform bill has at least one supporter outside of Congressional Democrats, Lloyd Blankfein, the head of investment bank … Continue reading
The Orifice of Omaha and His Errand Boy Benny
“Financial weapons of mass destruction” eh, Warren? What’s up with this ? (emphasis added) : “The Senate Agriculture Committee inserted language into its derivatives bill last week [a provision pushed by Warren Buffett's Berkshire Hathaway Inc] at the request of … Continue reading
