by Robert Reich
Washington is paralyzed by snow and partisanship. Nothing is getting done – even as the Great Recession pulls more Americans into its maw.
In the midst of this paralysis, the President was asked about the giant pay packages of Jamie Dimon, CEO of JP Morgan Chase & Co. ($17 mullion for 2009) and Lloyd [...]
Tag | bankruptcy
One Free Market System for Wall Street, Another Free Market System for Main Street
Posted on 15 February 2010 by Robert Reich | Comments (0) | Tags: $700 billion bailout of Wall Street, Bank of America, bankruptcy, Citigroup, free market system, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Lloyd Blankfein, Main Street, Morgan Stanley, President Obama, Robert Reich, Wall Street, Wells Fargo
The Week+ in Political Limericks
Posted on 16 June 2009 by Madeleine Begun Kane | Comments (0) | Tags: 9/11 Sympathizers, Al Qaeda, Alternate Reality, Automobiles, bankruptcy, Bilingual Education, Blame, Cars, democrats, Dick Polman, economy, Finance, FOX News, General Motors, GM, GOP, Immigrants, Judiciary Satire, Krauthammer, Latina, Law Satire, Leonard Bernstein, lies, Liz Cheney, Maria, Mark Krikorian, Media, Media Lies, Mike Huckabee, money, Names, National Review, news, Newt Gingrich, obama, Obama Nominees, Pronunciation, racism, Republicans Humor, Sean Hannity, smears, Song Parody, Sonia Sotomayor, Speaker, Supreme Court, Talk Show Hosts, Terrorism, Twitter, Values
by Madeleine Begun Kane
Hannity Insanity
Few people are better at creating a Krauthammer-lauded “alternate reality” than Fox’s Sean Hannity. Columnist Dick Polman provides an excellent example:
On his Fox show one week ago, Sean Hannity told his credulous fans that President Obama had made a deliberate effort during his Cairo speech “to give 9/11 sympathizers a voice [...]
Grand Theft Auto Bankruptcy Pension Grab - Bankers Win Again
Posted on 01 June 2009 by Denis Campbell | Comments (0) | Tags: auto czar, bankruptcy, Citibank, ERISA, Geithner, General Moters, Grand Theft Auto, JP Morgan Chase, Nixon, pension, Robert Rubin, Steve Rattner, TARP
By Denis Campbell
Steve Rattner is President Obama’s Car Czar. This morning he essentially forces General Motors into a “quick and painless” bankruptcy and the President will announce it from the White House. I love oxy-morons (two words that do not go together). In this case there are three: quick, painless and bankruptcy.
While we’re all grateful [...]
Are Ike, AIG, Merrill and Lehman Good News?
Posted on 15 September 2008 by Denis Campbell | Comments (0) | Tags: 9-figure earning fund managers and bankers, AIG, bank stocks have fallen 20%, bankruptcy, Barclays, behaviours became more sinister, best of all worlds, Black Monday, BofA, Bush Administration turned a blind eye, could make money however they wished, dodgy instruments, Dow losing 700-800 points, extradition treaties, Federal Reserve Chairman Alan Greenspan, financial world markets 6% off, frog-marching of those responsible to jail, fund managers, Hong Kong fund managers and bankers, Ike, keep the party going, leaving someone else to hold the bag, Lehman, London, make room in The Hague, managers would then retire in mock shame, Markets fell precipitously, Merrill, new brand of global criminal, New York, non-financial world, party is over, repackaging horrifically bad home mortgage loans as sec, rest of us have to pay the bill, safe in the knowledge government(s) would always bail t, said no, seizure of their ill-gotten gains (assets), shotgun wedding without Bear Stearns like bailouts, stability and sensibility, The City, their millions already safely invested, thumbed their noses, ticking bomb of AIG Insurance Group, transparency and sensible regulation, unbridled optimism and irrational exuberance, Wall Street, wiping smug “greed is good” grins, worldwide
Am I smoking something?
There is a perfect storm in financial world markets… 6% off by noon London time – equivalent of the Dow losing 700-800 points. This could be a Black Monday in New York with the bankruptcy of Lehman and worldwide, bank stocks have fallen 20% or more. And perhaps, finally, transparency and sensible [...]
Sunday, 21st March 2010
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