I Thought So Too
Oct 11th, 2008 | By Mark | Category: EconomicsWhen you’re in essence dealing with pirates, their “code” is really no more than guidelines, to be broken, modified and made up as they go.
Economics
My Econ Lesson For The Day
Oct 10th, 2008 | By Mark | Category: EconomicsI found myself breathless as the stock market spanned a thousand points, bouncing up and down like a child on a pogo stick as I watched like a worried parent, knowing I couldn’t react in time if she lost her balance, unable to break her fall if she crashed to the pavement.
Bailout Has Devilish Details
Sep 29th, 2008 | By Mark | Category: EconomicsI’ve but one word for the drafters of the Emergency Economic Stabilization Act Of 2008: GO2HELL! Honestly, was this really the best we could do?
China: The First Shoe Stomps
Sep 25th, 2008 | By Mark | Category: Business, China, EconomicsThe other day, I talked about the Chinese Central banks having no choice but to start cashing in US T-Bills (about half a Trillion Bucks worth) if the credit crunch leaves them without enough liquidity to keep their hyper-growth economy burning.
Today, despite denials that there was any central order from the government in Beijing, some [...]
Cassandra Calling
Sep 20th, 2008 | By Mark | Category: Banking, Business, Corruption, EconomicsUnfortunately, while we were all dreading the Rovian October Surprise, like bomb, bomb, bombing Iran using predator drones with smart bombs and minimal collateral damage; the real thing was an attack on Wall Street using predator lending by dumb investors with minimal collateral period.
A couple of days ago I half jokingly asked if we could [...]
Grown-ups Vs. Gramps
Sep 19th, 2008 | By Mark | Category: 2008 Presidential Election, Business, EconomicsDid anyone notice the sharp difference in tone and approach between John McCain and Barack Obama’s statements this morning on solutions for our Trillion Dollar financial crisis? You should have.
McCain came out this morning, well in advance of Secretary Paulson’s press conference, guns blazing. “McCain all but blames Obama for the crisis.”
He’s a Maverick, by [...]
She’s a Witch!
Sep 19th, 2008 | By shep | Category: 2008 Presidential Election, Economics, Republicansby shep
I hope someone else caught the crowd reaction when John McCain announced at a campaign event his personal scapegoat for the utter failure of almost thirty years of “conservative” laisse faire economic policies. Do you suppose that even five of them knew what the SEC Chairman does or who Chris Cox is, as they [...]
Hey, What About McCain’s AIG Lobbyists?
Sep 17th, 2008 | By Mark | Category: Business, Economics, RepublicansOne of the first things I heard about the Freddy Mac and Fanny Mae takeover was the suspension of all lobbyist activities on behalf of the two mortgage giants.
I didn’t hear any such shutdown order on AIG lobbyist activities, like John McCain’s National Finance Committee Co-Chair Wayne Berman.
Did I miss something or was his efforts [...]
Socially Conscious Insurance Underwriting
Sep 17th, 2008 | By Mark | Category: Business, EconomicsMatt Yglesias just earned his reputation as the brightest kid in class.
In November, there’s going to be an election. And in January, there’ll be a new President. And in the interim, progressive groups will probably come up with a lot of “ten ways to make everything awesome” proposals. And it’ll take 41 conservative senators to [...]
Can We Nationalize Exxon And Health Care Too?
Sep 16th, 2008 | By Mark | Category: Economics, Lead ArticleAIG, American International Group, a DOW component I’d never heard of until it’s former CEO, Bush Pioneer Maurice R Greenberg made headlines in 2005 when the company was caught in some Enron-like accounting schenanigans to the tune of $1.7 Billion — which also implicated Warren Buffet. The scandal was quietly ignored by the SEC and [...]
