13 Bankers, Baseline Scenario, Debt Disaster Ahead, How Washington Abetted the Bank Job, Jamie Dimon, Market Oracle, McClatchy, Moody's board, New York Times, Politico, Reuters, Robert Reich, Simon Johnson, Sniveling Scamster, The Fed in Hot Water, The Most Dangerous Man in America, Thomas Hoenig, Timothy Geithner, Wall Street cabal, Zero Hedge
The constraints of time, due in large part to my newly-arrived copy of 13 Bankers, doesn’t allow extensive commentary on any of these posts from around the financial blogosphere, but all are deserving of a closer look:
Speaking of 13 Bankers, co-author Simon Johnson has a piece at Baseline Scenario on how a combination of political savvy and public relations acumen make JPMorgan Chase CEO Jamie Dimon “The Most Dangerous Man in America.”
Mike Whitney’s “Timothy Geithner is a Sniveling Scamster” at The Market Oracle describes how President Obama’s new mortgage modification program is “just another stealth bailout” for the banksters.
Tyler Durden at Zero Hedge comments on Kansas City Fed President Thomas Hoenig’s extensive interview with Shahien Narisirpour of the Huffington Post.
Robert Reich’s “The Fed in Hot Water” on the belated admission of its taking tens of millions of bad loans off Bear Stearn’s books in order to facilitate their takeover by JPMorgan Chase.
Susan P. Koniak, George M. Cohen, David A. Dana and Thomas Ross in a New York Times op-ed entitled “How Washington Abetted the Bank Job” on the D.C buck-passing in regards to the regulators who were either incompetent or complicit (I choose the latter) in the Lehman Brothers Enron-like bookkeeping scam.
Speaking of inept, incompetent, or complicit so-called regulators, a McClatchy article asks, “Where was Moody’s board when top-rated bonds blew up?”
Herbert Lash at Reuters on the “Wall Street cabal” blocking derivative reform.
Finally, Rick Berman at Politico on the “Debt Disaster Dead Ahead.”
Simon Johnson, MIT professor, Huffington Post contributor, co-founder of Baseline Scenario, and author of the new book 13 Bankers, on why it is imperative that “Too Big To Fail” becomes a thing of the past:
“You can’t have a market economy if some people have get out of jail free cards.”Vodpod videos no longer available.