Working Life

It is great that JP Morgan has been sued–and congrats to NY Attorney General Eric Schneiderman. But, we’ve seen this picture before: suits are filed and the executives who committed fraud or financial crimes or misconduct are NEVER–NEVER–held accountable. If we want real change–not phony, uplifting change–these people must go to jail. NO DEALS.

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Really, I can’t tell whether people who work at the major banks moonlight as comedy writers for The Daily Show, or they are so immune to public shame or punishment that they just don’t give a damn.

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Hey, Bank of America shareholder, how does it feel to have the executives deceive investors (in other words, lie), escape any personal responsibility for the lies, cause huge losses and, then, stick YOU with a bill for over $2 BILLION? Well, probably not a great feeling but, screw you, you are just an investor, not a coddled, overpaid executive who just got handed a stay-out-of-jail card.

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This isn’t a stop-the-presses new piece of information to people paying attention — the capital gains tax preferences benefit only the very rich, like Mitt Romney. But, here is a simple way to argue it.

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Oh, I had this free time to think about something to write about and I was going to write about the question “why any Jew would vote Republican” and, then, found myself at the Republican Party’s platform. This is some really wacky stuff.

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Maybe you missed it but you got a great example of the absolute failure of the transcribers of press releases (formerly known as “journalists”) to do their job– and it was a failure by the vaunted crowd at 60 Minutes.

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All you need to know about what the elite are doing to the people is to understand what people in Spain are doing to feed themselves.

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People watching politics are truly ADD, with stunningly short attention spans and even shorter memories. Here’s my very brief argument why this presidential race was over in March– and, ironically, Mitt Romney will have to blame the very conservative billionaires who are shoveling money down the rat hole of his losing campaign.

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Yeah, yeah, CEOs, you are all Gods and indispensable to the success of your company. You’ve made that argument year after year, no matter how your companies failed — and the transcribers of press releases (formerly known as “journalists”) and the people you buy to do your bidding (we call them “politicians”) have bought this malarkey for so long that it’s allowed you to rob the treasuries of your companies. Problem is, a lot of the reasons lathered with bullshit about why you get paid obscene amounts of money are just plain false.

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You could not cook up a better farce in the world of transcribers of press releases (formerly known as “journalists”) than the one that’s all the rage right now: the hand-wringing about the practice of so-called “quote approval”. In a nutshell, a transcriber of press releases talks to a source under the condition that the source can review the quotes before publication. But, as usual, much of the debate is missing the bigger point.

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