My partner got this via Facebook and sent it on to me. George Carlin was a humorist that was often in trouble for obscenity, but obviously obscenity charges were just an excuse to harass a man who was telling too much truth. A short excerpt from the video "Life Is Worth Losing" (2005). If the [...]
Entries Tagged as 'Banks'
George Carlin Tells It Like It Is – The American Dream
August 3rd, 2010 · No Comments · Abuse of power, Banks, Corporate Power, Economy, Humor, Politics, Video
Tags:
Oh, How Long the Common People Have Suffered
August 3rd, 2010 · No Comments · Abuse of power, Banks, Corporate Power, Policy, Reform, Wall Street
Marc Faber, an investor who has been far more often right about the market than the Wall Street flacks that exist solely to peddle stocks (and nowadays, derivatives), writes a monthly newsletter. He often rails against what he sees as the disastrous course of American economic and financial policies. He began this month newsletter with [...]
Tags:
Emails Document Goldman Knowingly Selling Bad Investments
April 26th, 2010 · No Comments · Bailout, Banks, Financial, Reform, Regulation, Stock Market, Wall Street
Reading the media or listening to the talking heads on financial news stations, you might think that the SEC’s case against Goldman Sachs was concocted out of almost nothing, just for political purposes. The following article gives a good sense of the uncaring, unethical behavior of Goldman employees. Clearly, the actions of Tourre, the trader [...]
Tags:
Jon Stewart on Financial Reform
March 18th, 2010 · No Comments · Bailout, Banks, Financial, Policy, Politics, Reform
Barry Ritholz of the Big Picture posted a link to Jon Daily skewering Senator Dodd’s “reform” bill and even more funnily and accurately skewering the accepted practices of the big financial firms. If you don’t end up laughing and angry, I’ll be surprised. He so completely captures the “legal” fraudulent activities of the biggest financial [...]
Tags:
Paul Volcker’s Influence Rises
January 22nd, 2010 · No Comments · Bailout, Banks, Corporate Power, Economy, Federal Reserve, Financial, Obama, Stock Market, Treasury, Wall Street
Obama had Paul Volcker at his side when he announced his new plan to regulate the big banks. This is a big deal. It may signal the beginning of the end for the of reign of Larry Summers and Treasury Secretary Geithner over Obama’s economic and financial policies. By giving the big banks every possible [...]
Tags:
The First Good News in a Long Time – Obama Takes on Banks
January 22nd, 2010 · No Comments · Bailout, Banks, Obama, Regulation, Stock Market
Just when I despaired that Obama lacked the guts to get tough on banks, he came out with a clear, strong plan to cut down the unregulated, enormously profitable, operations of banks too-big-too-fail – and to cut these banks down to a size that won’t be too big to fail. Perhaps the best news of [...]
Tags:
The Sad State of Our Country
October 12th, 2009 · No Comments · Bailout, Banks, Corporate Power, Credit Default Swaps, Federal Reserve, Mortgages, Obama, Policy, Politics, Restructuring, Stock Market, Taxpayers, Treasury, Video, Wall Street
Last night I watch Bill Moyers Journal via the internet. The first piece interviewed David Simom, creator of “The Wire.” His realistic view of the quagmire of drugs/ghettos/crime/corruption had such a ring of Knowing that I found myself nodding and shaking my head again and again. If you are a “Wire” fan, as I am, [...]
Tags:
The Amazing World of High Frequency Trading – You Lose!
July 12th, 2009 · No Comments · Analysis, Banks, Corporate Power, Federal Reserve, Stock Market, Wall Street
I wrote last week about the high level of program trading, notably by Goldman Sachs. The details on this trading are emerging fast in the blogosphere, and it won’t be long until it hits the mainstream. There is a war going on among competing firms, using computers and inside order information, to capture the immense [...]
Tags:
Former Goldman Sachs Banker New German Ambassador
July 2nd, 2009 · No Comments · Administration, Banks, Obama, Policy, Politics
After fulminating yesterday about the influence of the investment banks in the Obama Administration, I came across the following item in Der Spiegel: Berlin Gives Green Light to Obama’s Ambassador Pick It took some time, but now it’s official. Former Goldman Sachs banker Phil Murphy is expected to become the next US ambassador to Berlin. [...]
Tags:
Why I’m Discouraged
July 1st, 2009 · 1 Comment · Bailout, Banks, Commodities, Corporate Power, Debt, Economy, Federal Reserve, Financial, Global Economy, Obama, Policy, Politics, Stock Market, Treasury, Wall Street
I’ve been discouraged for some time by Obama’s apparent reliance for advice on two of the architects of the transfer of wealth and power to the mega investment banks. Larry Summers, who is the economic adviser on whom Obama relies most heavily, led the push for repeal of the Glass-Steagall Act in the Clinton Administration. [...]
Tags: