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April 20, 2010
On the big, bad federal government and the revolving door between the federal government and wall street turns again. meanwhile, across the pond, british regulators launching a formal investigation into goldman, they say a direct effect of the s.e.c. lawsuit. and back here at home, democrats saying the s.e.c. hasnt gone far enough. congressman peter defazio and elijah cummings analyzing a criminal investigation of goldman and there are indications that this could happen as early as this week. al...
April 12, 2010
Statistics like the dow over 11,000. that is all true and thats honestly a good thing. im not critical of that by any stretch. i take issue with how were getting there because i believe the use of the trillions implicit and explicit to the banks and their windfall state support are beneficial for now but not beneficial for a long time. also things that are noted again good, jobs up 162,000 in march except one-third of those obviously temporary for the census but even with that said, 110,000 jobs...
April 1, 2010
Interview this morning, geithner also asserted that without president obamas bailout, we would be much worse off. yes, he attributed it directly to the current president, even though it actually occurred under the previous president, president bush. now president obama clearly guilty of perpetuating it. that aside, geithner praised obama for deciding to quote fix the situation, even though he knew forking billions over to banks wouldnt be popular. heres a choice he could have made. claw-backs fo...
March 9, 2010
Bonuses passed out last year on wall street after receiving a -- and they still received this, a $27.7 trillion windfall state support. well, theres been an effort to create a windfalls tax. if you make a small fortune of the largess of the taxpayer, while a portion of that benefit ought to go back to the taxpayer. however, it hit a road block in the senate today. democratic senators jim webb of virginia and barbara boxer of california had introduced the most recent windfall profits tax legislat...