8/15/2011

08-15-11 - More finance

I've gotta get off this topic soon because it's a huge distraction and also just very depressing. The sad thing is that for most of us, the most +EV life move is just to close our eyes and say "la la la" and pretend we don't know about any of this.

It's funny that Geithner was sold to us as a government technocrat who wasn't a "financial insider" when nothing could be further from the truth. While it's true he has worked in government, he is deeply connected to Citi and the whole modern bubble. He rose under Summers and Rubin, who are responsible for Gramm�Leach�Bliley that deregulated finance (as well as lots of other deregulations during that time, such as keeping derivatives off book, removing SEC oversight of many institutions and lowering reserve requirements). Geithner was offered the CEO job of Citi but turned it out. Geithner's appointment to the NY Fed was backed by Citi (the NY Fed was amusingly appointed by the banks it was supposed to regulate, it's long been corrupt by design).

Woodward -- Behind the Boom
What�s behind the ICE arrests of 30 after an immigration raid in Ellensburg, WA (Courtesy of NNIR) � El Comite Pro-Reforma M
What's Obama Doing to Your Taxes - Political Hotsheet - CBS News
What Barack Obama Needs to Know About Tim Geithner, the AIG Fiasco and Citigroup The Big Picture
U.S. Says Rendition to Continue, but With More Oversight - NYTimes.com
The Worden Report Pay No Attention to the Banker behind the Curtain
The Worden Report An Institutional Conflict of Interest at the New York Federal Reserve
The Washington Monthly
The Fed And The Treasury Had A Funny Way Of Guilt-Tripping Sheila Bair
The Big Picture 2
The Big Picture 1
TaxVox � Blog Archive � Why Nobody Noticed Obama�s Tax Cuts
Steamy History of the American Economy during the Clinton Administration
Office of U.S. Trustee vs. Harmon - Witness Timothy Geither
Long-Term Capital Management - Wikipedia, the free encyclopedia
How Citigroup Unraveled Under Geithner�s Watch - ProPublica
Goldman Connection at NY Fed Major Conflict of Interest - Seeking Alpha
F.B.I. Giving Agents New Powers in Revised Manual - NYTimes.com
Deportation of illegal immigrants increases under Obama administration
Deficit and Spending Increase Under Obama - WSJ.com
Daily Kos Taxes lowest in 60 years, thanks to Democrats and Obama

No comments:

old rants