Our leaders evidently never saw a war to which the word "more" didn't apply. Hence the Afghan War, where impending disaster is just an invitation to fuel the flames of an already roaring fire.
If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.
Arianna recently appeared on BBC's Newsnight to discuss the economic crisis, the lack of reform, and the effects of the bailout on American society an...
The Times shows its agenda when it refers to the not-yet-existing AIG bonuses slashes as "the humbling downfall of the once-proud giants" while all those pesky citizens won't stop with the "populist animosity."
With all the interest in the damage Wall Street has done, activity that's the opposite should draw some attention. But coverage of the corporate social responsibility movement is not yet an idea whose time has come.
Now that Goldman Sachs is a regular commercial bank, it actually trades more. This makes sense: if the US Treasury covered my losses, I would also be happy to take major risks.
Hundreds of years ago the Incas would sacrifice virgins to appease their Volcano God. The Gods (the banks) and the methods (bailouts) may have changed, but the tradition remains.
A Vanity Fair piece chronicles in a very personal way what happened with the key players as the markets were melting last fall.
Today, the New York Times announced the 100th small bank failure of 2009. Don't expect any mourning. The bank isn't named "JPMorgan Chase."
Dead Peasant Policies are life insurance policies a company takes out on its employees in order to collect the payoff if and when the employee dies... The concept of peasants isn't foreign or new to me...
How can the Treasury, White House, and Congress be so tone deaf to calls to stop the massive give-away to the same people who got us into this mess?
Maybe Michael Moore's anti-capitalist screed is actually an interesting nexus where right and left converge in hatred of the system that rewards failure and lets the bad guys run the next iteration of the machine.
What, I ask, would have happened if Paulson had simply stepped aside and let Bear Stearns collapse into bankruptcy back in March 2008?
A president has only so much capital to expend, both in tax dollars and public tolerance, and Barack Obama is dangerously overdrawn.
The calculation made by Bernanke and Paulson that Lehman Brothers was expendable, especially in light of the measures taken to save AIG, Merrill Lynch and Bear Stearns, not to mention Fannie Mae and Freddie Mac, was destined to be proved fatally flawed.
Tonight, at the Venice Film Festival, I will premiere my new movie, "Capitalism: A Love Story." After 16 months of production, I am proud to present this work of mine to you. It is unlike anything you'll see this year.
Things aren't going so well outside the pale of banks too big to fail. The FDIC faces losses of $21 billion from the 84 banks that have gone under so far this year -- more than in all of last year.
Whether you believe that Paulson was was a bully or a hero, the results of the initial TARP paybacks must give him some solace.
Some observers ask whether we are in 1929 or 1932. The good news is that the world is so different today, we are probably in neither. The globe has 6 billion inhabitants with that much more potential for instability.
It's a crime story. But it's also a war story about class warfare. And a vampire movie, with the upper 1 percent feeding off the rest of us. And, of course, it's also a love story. Only it's about an abusive relationship.
David Wessel's In Fed We Trust: Ben Bernanke's War on the Great Panic contain certain key errors on the reasons why Lehman fell that need to be addressed.
|
||
