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Archive for the ‘capitalism’ Category

George W. Bush- The Corporate Bail-Out King

Tuesday, October 7th, 2008

If George W. Bush is looking for a legacy (or maybe just a place in the Guiness Book of World Records) he should lobby hard for his place as America's Bail-Out King, because he is far and away Numero Uno in this hardly coveted category. A look at his financial accomplishments: Airline ...

The Sinking of the USS Lehman

Monday, October 6th, 2008

Lehman Brothers' Chief Executive Crapweasel, Richard S. Fuld, testified to Congress today about the sinking of the USS Lehman while under his command. It wasn't a pretty tale, it never is when corporate giants go down and leave everyone thrashing about in the financial flotsam that surfaces. The testimony covered ...

Both Sides of the Greed Equation

Thursday, October 2nd, 2008

I have written about greed before, and I am sure that I’ll write about it again. In capitalism the central motivation is the magic belief in self-interest. I have been told by the loyalists on the right that greed is somehow magic. Greed drives the markets and those markets will be ...

The Garden Of Greed: Smoke & Mirrors & Fallen Apples

Wednesday, October 1st, 2008

In recent days, a number of parallel thoughts have led me to perpendicular roadblocks. Generally speaking, I'm struggling to identify the means to unmask the many misdirections being put forth in order to distract us from reality. If I'm to succeed, there are a number of problems to address. One, ...

Why are so many banks failing…is the government protecting the wrong folks?

Wednesday, October 1st, 2008

It's a legitimate question. I think the reasons are similar. Over at ProPublica, a great site btw, they have a good piece up entitled: Anatomy of a Bank Failure. In the writeup, they examine the failure of California's IndyMac, aka Independent National Mortgage Corporation. IndyMac was the first big bank ...

Bailout Bites the Dust, But Not in a Good Way

Monday, September 29th, 2008

The "I'm the real leader" antics are done and Bailout 2.0 is on the trash heap. In the wake of the failure there's plenty of rancor and posturing, but it misses the point. No doubt there's blame aplenty - politicians, CEOs, the voters, investors, and the people who borrowed much ...

Bailout Imbroglio: Politics, Power, Pulpits, & Profit

Monday, September 29th, 2008

We're in uncharted waters with a leaky boat and a storm on the horizon...but the GOP wants us to know that Nancy Pelosi is a mean-spirited partisan. Let me see if I can get this straight. The Republican president of the United States sends the Secretary of the Treasury and ...

2008 Election: Wall St., White Knights, White Noise, & White Light

Friday, September 26th, 2008

Best as I can tell, John McCain and the term "maverick" is simply another way of describing the "cowboy diplomacy" we've endured for nearly eight years under George W. Bush. The move by John McCain to suspend his campaign and race to Washington on his white horse is all too ...

As We See It: Economic Meltdown Edition

Wednesday, September 24th, 2008

Some graphic enjoyment of the big political stories of the day. Click them and laugh or click them and cry, but click them because truth is stranger than fiction. See more As We See It editions here. Cross posted at The Omnipotent Poobah Speaks!

A Nation of Whiners

Tuesday, September 23rd, 2008