- BIG NEWS:
- Financial Crisis
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- Airlines
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- Housing Crisis
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- AIG
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As we had our holiday dinner together, my kids asked me why billions can be spent on an expanding war, bailing out the auto industry and the banks, but when it comes to health care, people are afraid of a "government takeover."
After the passage of historic health care reform there will still remain very tough questions on the direction of our economy and the steps to take. But good will - charity - does exist.
Although it has survived the credit crisis, paid back the treasury in short order, and continues to make money, Goldman's future looks to be very rocky.
We can call the 2000s the "Worse Than Zero" decade or the "Big Zero," or anything we wish, but what characterized it most for me was the near total control of corporations, especially over our civic institutions.
Taxing or reducing this year's Wall Street bonuses is but an irritant for bankers if they can safely hold on to the hundred's of billions paid out over the past few years of fraudulent "banking".
I give David Paterson an "A" for honesty. He's possibly the only liberal politician willing to admit publicly that the greed merchants on Wall Street are a necessary evil for big government liberalism to survive.
The threat of severe derivatives losses this year is on the horizon, stemming from what one analyst sees as the inevitability of higher interest rates, which could trigger a new crisis.
If Wall Street -- and especially Goldman Sachs -- had not manufactured value-destroying securities and related credit derivatives, the money supply for bad loans would have been choked off years earlier.
Time for my annual tradition of getting gifts for my favorite -- and not so favorite -- public figures, including Larry Summers whom I'm getting a Goldman Sachs pension (after all, he's earned it). READ MORE Newsmakers Roasting on an Open Fire: Your Gift Ideas for 2009's Naughty and Nice Here are your gift suggestions, including a GPS for Barack Obama, to show him the way from Wall Street to Main Street (submitted by manx). READ MORE The Senate Health Care Bill: Leave No Special Interest Behind There are many reasons for hoping the Senate health care bill doesn't become the law of the land. But the biggest reason of all is the desperate need for a DC pattern interrupt. READ MORE
The games that have been legalized market to those on the "wrong side of the economic table." There have been few, if any, moves by states to monitor the losing of their lottery customers.
In March 2008, Goldman Sachs announced a significant new initiative called 10,000 Women that has two goals: To increase the number of underserved wo...
Goldman paid mega bonuses in past years subsidized by selling hot air. Now it proposes to again pay billions in bonuses based on earnings made possible by taxpayer dollars.
Wall Street firms such as AIG, which received $90 billion in government funds, and sports teams such as the Dallas Cowboys, who received $325 million to build the Cowboys Stadium, have more in common than being run by white males.
I met "Orphans Hero" Andeisha Farid this fall when she was in town as part of Goldman Sachs' 10,000 Women Program. Then I saw her on Brian Williams' ...
For some people, the assent of the Obama Doctrine will be uncomfortable: it's designed for a world rendered in shades of gray, not the black and white of easy demagoguery. Nevertheless, subtle should not be confused with weak.
Of all the possibilities this storied bastion of testosterone production might have selected, educating women entrepreneurs surely qualifies as one of the more astounding.
As the left positions itself to fight for a public option will the health care reform baby go down with the bathwater? And what about those fat cat bankers who Obama scolded?
Never mind Barack Obama's Audacity of Hope. It's the audacity of the banks that takes your breath away.
Was the president signaling that it was time for progressives to form a visible protest movement against "fat cat bankers"?
It's estimated that the bonus pool of just one of these big banks would have been enough money to prevent or significantly delay foreclosure for all 2.3 million people who lost their homes last year.