Archive for November, 2009

30
Nov
09

great reflection on anniversary of Seattle WTO protests

funny how banking was central to the whole WTO debate….kinda like our gov’t banking debates today…

note good ol Bob Rubin’s shout outs in the movie….

from : http://www.gregpalast.com/

Advertisements
30
Nov
09

more proof obama’s economic foundation is flawed…

here’s obama praising bob rubin’s hamilton project, a think tank that promoted lots of the CRAP phony-financing ideas that led to the 2008 collapse.

the more i follow this bob rubin-as-obama-economic figurehead…the more i think of bush getting tag-teamed by dick cheney, don rumsfield, and the other asshole neoconservatives that erronously took USA into Iraq….

the goldman sachs, crony-banking ties to obama will sink him in 2010 if he doesn’t drastically change course.

from : http://www.tinyrevolution.com/mt/archives/000867.html

27
Nov
09

great video on how dubai maybe the ‘case study’ on how derivatives go nuclear…

27
Nov
09

taibbi’s latest goldman/gov’t story

Vodpod videos no longer available.

more about “Morning Meeting:Obama’s big sellout?“, posted with vodpod

 

24
Nov
09

geithner gone by january?

Here is what Geithner had to say about financial markets in a speech in Atlanta in May 2007, just about a year before the crisis really ignited:

“Changes in financial markets, including those that are the subject of your conference, have improved the efficiency of financial intermediation and improved our confidence in the ability of markets to absorb stress.”

Later he added, “The larger global financial institutions are generally stronger in terms of capital relative to risk. Technology and innovation in financial instruments have made it easier for institutions to manage risk.”

That rosy description by a Fed president kind of makes you want to run out and buy stock in Lehman Brothers Holdings Inc., doesn’t it? No wonder the Fed failed to press the industry harder. It thought that financial innovations had worked a miracle.

Geithner used to be asleep at the wheel in New York. Now he is asleep at the wheel in Washington.

 

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1B7Cs1f.TO8

24
Nov
09

potential keystone in gov’t-banking complex arch

excerpt:

Jamie Dimon

The New York Post reported this morning that lawmakers are discussing JPMorgan Chase CEO Jamie Dimon as a potential replacement for current Treasury Secretary Timothy Geithner.

Leaving aside concerns that appointing a Wall Street CEO to the Treasury’s top position would draw heavy criticism over Wall Street’s coziness with Washington, it’s not clear that Dimon would be a natural fit in the Obama administration. According to the Wall Street Journal, Dimon departs from White House policy on a handful of key issues.

http://www.huffingtonpost.com/2009/11/23/jamie-dimon-treasury-secr_n_368218.html

23
Nov
09

snl’s spot-on take on obama in china

Vodpod videos no longer available.

more about “SNL: China & Obama’s Economic Policies“, posted with vodpod

 




rss feed (click icon below)