Monthly Archives: June 2010

Huzzah to caller Bill from Waterbury, MA to make this point: “I cant believe how fickle the American people are”

Caller to Week in the News on On the Point with Tom Ashbrook: “I can’t believe how fickle the American people are. Everything that’s going on even within the last week with the oil spill, and the war in Afghanistan, … Continue reading

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Filed under Conservative politics, Crony capitalism, Crumbling economy, What liberal media

Joe Barton (dbag-TX), Peter Wallison (Liar-AEI) apologize to Morgan Stanley

I am sure the democrats, the poor owe an apology to Morgan Stanley for this Massachusetts style shakedown. Dealbook: Morgan Stanley agreed Thursday to pay $102 million to end an investigation in Massachusetts into unfair lending practices, Reuters reports. Martha … Continue reading

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Filed under Uncategorized

Amazon’s welfare program

Amazon doesn’t to compete with local firms & pay taxes. And now it wants  taxpayers to fund its cheap delivery. Via Slashdot: Online retailer giant Amazon.com has come out against a US Postal Service proposal to end Saturday service, part … Continue reading

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Filed under Corporate communism

Where I fill in the names with the “The Anosognosic’s Dilemma”

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Filed under Wankers, Wankery, Wingnut, Wingnut welfare

I found another instance of the most efficient use of capital

Imagine how many jobs are being created by just holding onto cash: Only on Wall Street, in the rarefied realm of buyout moguls, could you actually have too much money. Private equity firms, where corporate takeovers are planned and plotted, … Continue reading

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Filed under Stupid investment managers, Stupid Private Equity, Tax cuts, Tax rates, Tax revenues, Wealth divide

Regulators ask banks not to rely on rating agencies

They’re just asking. Compliance not mandatory, I presume? American Banker: The big three credit rating agencies have long made the disclaimer that investors should not use ratings as a substitute for independent judgment. Now regulators want banks to prove they … Continue reading

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Filed under Financial regulations, What rating agency?, What reform

In what world is the “Competitive Enterprise Institute” a liberatarian organization?

How does APM Marketplace get away stating that the “Competitive Enterprise Institute“, a corporate funded, far-right partisan organization is just a “libertarian” organization while the Open Network Coalition is noted as an organization funded by Google? WTF? Of course Marketplace … Continue reading

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Filed under Crony capitalism, Lobbyists, What liberal media

It’s the new Internet meme: “regulatory capture” #planetmoney #techdirt #wsj

It’s everywhere! Translation: why bother regulating anything since when the GOP comes back to power, they’ll replace competent regulators with meth-addicted, cyber porn obsessed industry insiders. Techdirt. NPR Planet Money. WSJ (via wingnut welfare outfit, Cato) Stupid regulators and Congress. … Continue reading

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Filed under Real oversight, What rating agency?, What reform, What wall street meltdown?

Fin reform update: lobbyists swarm DC, Internets

Guardian: At least 56 industry lobbyists have served on the personal staffs of the 43 Senate and House members who will have a hand in shaping the bill over the next two weeks, according to an analysis by Public Citizen … Continue reading

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Filed under ABA, Consumer protection, Crony capitalism, Crooked bankers, Lobbyists

Innovation v. regulation

According to a letter published and heartily endorsed by Friedman, regulation stifles innovation. This, of course, would explain how Apple, Intel, Oracle & Microsoft were formed during the heavily regulated environment under Carter and eBay, Yahoo, Google etc. survived the … Continue reading

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Filed under Innovation