Posted on 13 April 2009. Tags: Bailout, Banks, Gretchen Morgenson, Money Managers, TARP
People behave badly. Well, duh. I tend to be a forgiving sort in most individual cases. But, it’s the people who behave badly who hurt lots of people who can’t be allowed to just quietly slip into the night. I’m reminded of that because of two things I read, one yesterday and the other […]
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Posted in General Interest
Posted on 16 September 2008. Tags: Fannie Mae, Freddie Mac, Gretchen Morgenson, Henry Paulson, Housing Bubble, Markets
Would you buy anything from this man, even an opinion?: “I know Americans are concerned about the adjustments that are taking place in our financial markets,” Mr. Bush said at a ceremony to welcome the president of Ghana. He added: “In the short run, adjustments in the financial markets can be painful — both […]
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Posted in General Interest
Posted on 22 July 2008. Tags: Banks, Debt, Financial Crisis, Gretchen Morgenson, Wachovia
I don’t want to be negative all the time but, folks, I just don’t see a way out of the economic mess without some more serious pain being inflicted. And this pain might last a long, long time. Note that I say MORE serious pain because, unlike the talking heads and the economists who […]
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Posted in General Interest
Posted on 29 January 2008. Tags: Angelo Mozilo, Class Warfare, Countrywide, Delphi, Greed, Gretchen Morgenson, Robert Miller, UAW
One of the things that has clearly outraged Americans everywhere is the disgusting spectacle of CEOs legally looting their companies with pay and pensions that are absolutely outrageous. For a long time, a collective Marie Antoinette cry from the CEO suites spilled out that, while a few CEOs pocket massive amounts of money, workers […]
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Posted in General Interest
Posted on 29 January 2008. Tags: Angelo Mozilo, Class Warfare, Countrywide, Delphi, Greed, Gretchen Morgenson, Robert Miller, UAW
One of the things that has clearly outraged Americans everywhere is the disgusting spectacle of CEOs legally looting their companies with pay and pensions that are absolutely outrageous. For a long time, a collective Marie Antoinette cry from the CEO suites spilled out that, while a few CEOs pocket massive amounts of money, workers […]
Read the full story
Posted in General Interest