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 'Corporate Power'
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
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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 [...]
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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 [...]
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“Home Builders (You Heard That Right) Get a Gift”
November 16th, 2009 · No Comments · Bailout, Corporate Power, Economy, Policy, Taxpayers, Wall Street
The latest outrage is revealed in this New York Times article. Next to the Wall Street banks is their any group less deserving of taxpayer largess than the big homebuilders that reaped the benefits of Wall Street’s mortgage financing bonanza? I can’t think of one. Well, read it and weep. The latest handout – to [...]
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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, [...]
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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 [...]
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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. [...]
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Unemployment Claims Fall Because Benefits Exhausted
June 23rd, 2009 · No Comments · Bailout, Banks, Corporate Power, Unemployment, Wall Street
This interesting information comes from Barry Ritholz, The Big Picture: Continuing Claims “Exhaustion Rate” Posted: 22 Jun 2009 07:00 AM PDT Last week, we saw Continuing Claims decrease — proof, said the green shooters, of the imminent economic recovery. Only, not so much: Those of you (who can still afford the luxury of) a trusty [...]
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Compensation Not the Real Problem
June 11th, 2009 · No Comments · Bailout, Corporate Power, Financial, Policy, Wall Street
Barry Ritholz, the author of the very popular financial blog, The Big Picture, has recently written a book, Bailout Nation. I’ve not read the book, but I’ve followed his blog regularly. He was one of the most vocal of the critics of Obama’s bailouts of the big investment banks. He worked in this field; so [...]
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Britain’s Debt Downgrade – A Lesson for the US
May 22nd, 2009 · 1 Comment · Bailout, Banks, Corporate Power, Economy, Federal Reserve, Financial
The unrestrained efforts of the Obama administration to rescue and reinflate the financial sector of the US (at the expense of taxpayers and savers) are the most discouraging aspect of his administration. These efforts are apparently based on the belief that what is good for investment banks is good for America. Martin Wolf, a columnist [...]
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