Monthly Archives: May 2011

How corporate America works – if no one accuses you, there’s no crime

See, so easy: No Jail for Economic Crisis May Mean No Crime: Roger Lowenstein Thank you for clearing that up, Roger. Also, if you are acquitted of a crime, that means that you are innocent. Right, OJ? Roger, Roger: The … Continue reading

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Filed under Crony capitalism, Crooked bankers, Thanks Wall Street, The Corporation

SC Supreme Court hasnt been fully corporatized .. yet

Boston.com: The Supreme Court of South Carolina on Tuesday ordered lenders not to proceed with foreclosures in the state until they can demonstrate that they have given troubled homeowners a meaningful opportunity to modify their loans. Chief Justice Jean H. … Continue reading

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Filed under Courts, Crony capitalism, The Corporation

Mitch McConnell wants Dems not to campaign on their budget proposal

Because that’s what the GOP would do after all, right, Man-Turtle hybrid? McConnell and other Republicans described their 75-minute meeting with Obama as “productive,” with several urging the president to tell Democrats to stop bashing the House GOP Medicare plan, … Continue reading

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Filed under Boobs, Buffoons, GOP, GOP Buffoons, Hypocrites, Idiocracy

Miss me yet?

Yes we do: I strongly support the lone Dem in DC who can sh*t done. And she’s a grandma, fer gawdssakes.

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Filed under Nancy Pelosi

Exclusive: Meredith Atwell-Baker’s Comcast-NBC Universal merger celeberatory photo

The well connected help the better connected & get repaid for job well done. That’s the GOP, err, American way! Baker, an ebullient Houston native, needs little introduction within Washington. She is daughter-in-law of former secretary of state James A. … Continue reading

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Filed under Conservative politics, Corporate cronyism, Corrupt pigs, Corruption, Crony capitalism, Lobbyists

GOP & tax breaks for big oil

RRrrright: Democrats’ Plan Would Offset Deficit by Ending Big Oil’s Tax Breaks With high gas prices and federal deficits in the political spotlight, senior Democrats believe that Senate Republicans will support an idea they otherwise might not like. Who are … Continue reading

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Filed under Energy, Oil

“Economics historian” AmityShlaes new hero is Calvin Coolidge

Calvin Coolidge, who’s low tax on rich & spending cuts led to high-inequality and some economic event in the late 1920s. Hmm. She likes him of course ’cause he’s a republican. Let’s check his record before Amity revises history: Coolidge … Continue reading

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Filed under Boobs, Buffoons, Conservative politics, Meet the Wankers

A brief history of the impact of public and private R&D spending

Government, get out of the way, so corporations can continue to deliver great things The Economist covers it thusly: Innovation is what preoccupies Mr Obama. He worries that the next breakthroughs in energy, transport and information technology will occur elsewhere. … Continue reading

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Filed under Government, Innovation, Internet, The Corporation, The Economist

Is Cerberus the worst private equity firm in the history?

What a record! 2006: General Motors (GM), which had owned GMAC (the name I’m using throughout this column for simplicity’s sake), was thrilled to have investors led by Cerberus, the big, smart Wall Street house, fork over $7.2 billion for … Continue reading

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Filed under Capitalism, Stupid investment managers, Stupid Private Equity

Today’s round up of bankster scams: UBS, Deutsche Bank

UBS settles municipal bond bid rigging scam. UBS is busy! Thornburg Mortgage bankruptcy trustee files 4 lawsuits suing Goldman, JPMorgan Chase, Citigroup, RBS, Credit Suisse and UBS. Carpenters Pension Fund of WV sues Bank of America & UBS (really, UBS?) … Continue reading

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Filed under Bank of America, Bankers, Crooked bankers, Crooks