Category Archives: financial crisis

Ron Paul Triangulates Shelby

This ad has started showing up all over Huffington Post lately. Click it and you’ll visit Ron Paul’s Campaign For Liberty, otherwise known as C4L, where a set of Frank Luntz and Paulite talking points contains the following call to … Continue reading

Posted in Financial Reform, Gold Standard, Republicans Meet The Teabag Terror, Senator Shelby, financial crisis, financial regulation, firebaggers, ron paul | Leave a comment

A Thank You Note To Mitch McConnell

Senator, Thank you so much for achieving your 41-vote filibustering minority. You have reminded all of America which side you are on at the very instant the Obama administration has begun an offensive against Wall Street — starting with Goldman … Continue reading

Posted in Financial Derivatives, Financial Reform, financial crisis, financial regulation | 3 Comments

Trembling Titans Of Wall Street?

It seems the banks are suddenly rethinking their approach to the mortgage crisis. BOA and Citigroup now agree that judges should be able to fix a mortgage in bankruptcy court. Nasiripour reports: In December, the House failed to pass an … Continue reading

Posted in Financial Derivatives, fiasco, financial crisis, financial meltdown, mortgage crisis | 1 Comment

Now Would Be A Good Moment For Tim Geithner to Crave More Time With His Family

The attempted rescue of Lehman Bros. apparently amounted to the Fed buying shit securities: “The Fed legally is forbidden from taking such assets. There’s a legal requirement that the Fed’s assets be investment grade,” Rep. Alan Grayson (D-Fla.) told HuffPost. … Continue reading

Posted in Timothy Geithner, financial crisis, financial meltdown | Leave a comment

Consumer Financial Protection Bureau

Yes, firebaggers, Dodd has killed the CFPA after all…and replaced it with a CFPB that has authority to rewrite all lending rules. Elizabeth Warren loves it, but I’m sure someone can explain to me how it’s still a sellout because … Continue reading

Posted in 11-Dimensional Chess, Financial Reform, financial crisis, financial meltdown, financial regulation | Leave a comment

Failure to Disclose

Via Shahien Nasiripour at HuffPo: The examiner in charge of investigating the bankruptcy of venerable Wall Street investment house Lehman Brothers, the most expensive bankruptcy in U.S. history, said in a report publicly released Thursday that senior officials failed to … Continue reading

Posted in Financial Reform, financial crisis, financial meltdown, financial regulation | Leave a comment

Blame The Geeks

Blame it on the math geniuses with the fancy computers. You know those fancy computer models! I mean, Al Gore and his climate “scientists” use computer models too, and that should tell you how awful they are. That’s my summation … Continue reading

Posted in fiasco, financial crisis, financial meltdown | Leave a comment

CIT Didn’t Lend TARP Money

The taxpayer is out $2.3 billion with the failure of CIT. Huffington Post notes that CIT didn’t even lend the TARP money: In the fiscal year ending on Sept. 30, CIT made just 142 loans backed by the Small Business … Continue reading

Posted in credit crunch, financial crisis | Leave a comment

Sachs Socialism, Mind Bullets

Compelled by a headline about Goldman Sachs CEO Lloyd Blankfein saying that he does “God’s work,” I pored through this article from UK TimesOnline and discovered a scheme to horrify the Ayn Rand set: collective rewards! The idea of teamwork … Continue reading

Posted in Financial Derivatives, Financial Reform, Goldman Sachs, financial crisis, financial meltdown, financial regulation | 1 Comment

Show Me The Paperwork

The homeowner tactic of fighting foreclosure by requiring banks to present mortgage documents to a court is gaining traction. The New York Times reports that a $461,263 mortgage debt has been wiped out by a judge. But why are the … Continue reading

Posted in financial crisis, mortgage crisis | 1 Comment

Economy, Prosperity Divorce

The Dow Jones Industrial Average hit 10,000 yesterday even as unemployment closed on ten percent. Countless economists have explained why jobs will lag the economy as a whole.

Posted in Economy and Prosperity, financial crisis | Leave a comment