Tag Archive | "Wall Street"

Krugman: “OWS Has Done A Great Service”, Wall St Committed Crimes

   A few months ago, I spent 5-6 hours interviewing Paul Krugman for Playboy magazine. It’s now on-line here. He speaks candidly–surprise–about the economic misdeeds of Wall Street, the foolishness of the current austerity obsession and focus on the non-existent debt crisis, and a whole range of topics including his view that the Obama Administration […]

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Wall Street, We Can Hold YOU Hostage

    In some ways, the worst phenomena in political and public life is the way in which we–the people–give over power to the financial and corporate elite partly because we internalize marketing phrases and economic nonsense beaten into our brains over 30 years by the brain-dead traditional media and a capitulation by the political leaders […]

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And What Do The People Get For This?

   On the face of it, it’s a good thing when the labor movement leverages the trillions of dollars–yes, that’s TRILLIONS–that sit in pension funds. It’s been a topic of debate for a long time. The question is: what do we get? Here is the example, via The Wall Street Journal: New York Gov. Andrew […]

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Little Fish, Big Fish: The Illusion of the Prosecution of Wall Street

Gupta. Rajaratnam. Blaring headlines are a potentially dangerous distraction from the truth: the bankers responsible for the economic catastrophe that wiped out millions of jobs and trillions of dollars in wealth are still free and clear, reaping tens of millions of dollars more and laughing all the way to next purchase of a yacht or […]

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Wall Street Turning On Obama–Showing The World How Greedy They Truly Are

   It is always a good thing to start the morning with a strong cup of black coffee (no milk, no sugar, thank you) and a good, loud belly laugh. Absurdity is often the root of a good laugh. Exhibit #1 today: Wall Street is now unhappy with the president and some of those characters […]

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Can’t We Put A Sock in This Guy’s Mouth Already?

   Oh, no. Here we go again. We’ll have to endure yet another round of Clinton nostalgia: In the book, titled “Back to Work,” Mr. Clinton will make the case for why government matters, explaining his ideas on energy, job creation and financial responsibility, his publisher said Thursday.    You mean we’re going to get […]

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Coddle Wall St, Lose Elections

   People sometimes repeat certain phrases because they’ve heard them used repeatedly when they actually want to say something else, even if they aren’t conscious. Or, put another way–if you want to know why Democrats lost the special election in New York, I’d argue it has a lot to do with the Obama Administration’s failure […]

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The Filthy Rich Shout “Greed Is Good” and Party With The Politicians

   When I wrote the "The Audacity of Greed" in 2008, I had a chapter called "Vodka and Penises" which detailed a rather unique birthday party thrown in Sardinia, Italy, in 2000 by Tyko CEO Dennis Kozlowski in honor of his wife–it featured vodka spraying from the penis of a replica of Michelangelo’s David. Kozlowski, […]

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Wall Street Just Doesn’t Give Up–While 25 MILLION Have No Work

   I find myself laughing at this–part in disgust and part in admiration for a group of people who have no shame and just do not care what happens to regular people in the country. On the one hand, we have a monumental jobs catastrophe underway. And, on the other hand, you have the people […]

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Three Grand Myths

Last week, I posted a piece, suggesting that the current crisis was really about us and the lack of a movement, not about Obama. A number of people reacted, in emails to me, particularly about the Three Grand Myths–and, over the weekend, I heard yet more nonsense on the Three Grand Myths theme. So, I […]

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