It’s hard to know exactly what to think of this: …[T]he private-sector worries about the plans being cooked up by Geithner and Summers extend into countless corporate suites, start-ups, and small businesses far beyond Wall Street””and that until recently, the … Continue reading →
There’s an awful lot of outrage going around. The American people are outraged that their hard-earned money has been taken from their pockets and doled out by Congress and the administrations (Bush’s first, and now especially Obama’s) with virtually no … Continue reading →
When it’s a contractual obligation. Not having a lot of experience in the corporate world myself (my only stint having been a summer job in college) I always thought the word “bonus” meant something extra, a special payment given for … Continue reading →
…that the law is an ass. Is there no way for the Obama administration to stop huge amounts of taxpayer money from getting to the very executives responsible (or irresponsible) for making such lousy and self-serving decisions, and bringing us … Continue reading →
I hadn’t previously been aware of these facts about controversial Harvard ex-President and current National Economic Council head Larry Summers: Born in New Haven, Connecticut, on November 30, 1954, Summers is the son of two economists, Robert Summers and Anita … Continue reading →
There’s a lengthy and heated argument going on today about what caused the recession. Not surprisingly, people are inclined to see what fits in with their worldview. Conservatives and libertarians tend to be on the “it’s the fault of too … Continue reading →
Here’s a link to Madoff’s confession in full. It’s a fascinating document, both for what it says and what it doesn’t say. Madoff is very careful to implicate only himself in the fraud. In his description of how it was … Continue reading →
In breaking news, Bernard Madoff admits his crimes, and apologizes. No, not this apology (starting at 00:40): This one. I’m watching on cable news, and the description of Madoff in court is that his affect was flat and bland as … Continue reading →
Sometimes a seemingly random word or two can be very instructive, if you want to know what a person really thinks. That is the reason I (and so many others) paid quite a bit of attention to a couple of … Continue reading →
I’ve been wanting to write about other things besides Obama. Truly, I have. But I keep coming back to that topic because it seems vital to get it right—and now, before things slide out of control. Speaking of sliding out … Continue reading →
If you ever had any doubt, it’s becoming more and more clear every day that Obama meant every single radical thing he ever said. Including that one about bankrupting the coal companies. Don’t recall it? Well, let me refresh your … Continue reading →
…nobody knows. I’ve been polling some of my liberal friends who voted for Obama, asking their opinion about what’s been happening lately in the financial sector and his effect on the economy. Every one of them has responded in much … Continue reading →