Class Warfare American Style
5 January 2010Jesse (aka Arthur Cutten) on learning of the recent GSE bailouts from Matt Taibbi on the criminal nature of the US financial services community. Hilarious rant, close to the truth or has Arthur spent too much time in a less class divided Europe?
Extract:
For me the basic dynamic of the mortgage bubble is some Ivy League [...]
The bankers who wouldn’t say sorry: a cautionary tale
29 December 2009There was a time when naughty boys
Would have to forfeit all their toys,
And go to bed without their food
To force a new, repentant mood
Upon the wretched little toads,
Who flouted our great social codes.
But there’s a price we all will pay If politicians won’t display A little courage and crack down Upon these unsafe, grasping clowns: [...]
An Open Letter to the Board of Directors
5 May 2009From NPR and KPLU Radio:
Corporate CEOs are getting a lot of the blame for the economic meltdown. But what about the people who hire and fire them? Strategic News Service publisher Mark Anderson shares his Open Letter to the Board of Directors with KPLU’s Dave Meyer.
Listen Now
Shorting the Shorts
20 November 2008Today, Citigroup begged the U.S. government to reinstate the ban on short selling in the financial sector. CNBC ran an interview piece on shorts yesterday, with experts generally agreeing that drops of over 15-20% per day in a stock was not because of value, but could only be because of shorting.
A day earlier, a US [...]
Reason vs. “Vampire Investing”
20 September 2008Tim Coldwell, who comments below on bank shares going up without reason, is right as usual. In fact, I think he may be the first person to have even used the word “reason” in this situation.
If there is any reasoning going on on the Street, it is a switch from a day earlier, when The Pack thought [...]