by Bruce Webb Well me neither. I read through the Tri-Committee and HELP Bills and the Senate Finance Committee’s Chairman’s Mark and then both the Pelosi and Reid versions as introduced and followed as best I could the last minute revisions introduced by the Team of Ten but as I type I have yet to […]
by cactus A Simple Explanation of How The Use of Derivatives Created The Great Recession In comments to a post by fellow Angry Bear Robert Waldman, reader Cantab writes: Nobody here has come up with a believable story on how derivatives hurt the economy or were the cause of the recession. All we really get […]
by Rebecca Wilder This morning there was an abundance of links evidencing the building anxiety over U.S.-China relations. Edward Harrison at Credit Writedowns links to a Reuters article, China vows to hit back if targeted by U.S. on yuan. Calculated Risk refers to commentary at the Financial Times and the Washington Post referencing China Losing […]
Note: This is “what I believe I said,” not“what I would have said” and is presented here solely to document the confluences that were, perhaps, clearer in my head than they were in the presentation itself. As such, several references here are echoes of earlier pieces of the presentation. (Links to same will be updated […]
by Bruce Webb Whence Teabaggery? Opponents of Health Care Reform vow to keep up their efforts and sweep Republicans to victory in November. But where do they take their stand? Up to now they have been opposing potential legislation that existed mostly in their own imagination: Socialized Medicine, Obamacare, Government Bureaucrats between You and Your […]
by cactus A Brief Review of Econned I have read the first few chapters of Econned by Yves Smith, that’s about where I re-evaluate and decide whether its worth reading through the first 80% of the book. When the answer is yes, I usually re-evaluate the 80% mark. As a result, I don’t always get […]
Robert Waldmann Was just talking to his mom and dad (Dr Waldmann and Dr Waldmann). They had CNN on. I couldn’t see my screen from where I was talking on the phone, so I heard from Dr Waldmann (Thomas) that Stupak had said yes and that someone who is very pro-choice said she had no […]
by Bruce Webb Well it has been a relatively quiet winter on the Social Security front, but we are fast coming up on what I only half-jokingly call the “Bestest Day of the Year”, the release of the Annual Report of the Trustees of Social Security. The Report has in many recent years come out […]
Robert Waldmann Yves Smith discusses how investment bankers get their sense of entitlement. Just read it.
Robert Waldmann A punk staffer is a staffer who laughs when you say “A repo man spends his life getting into tense situations.” John Boehner makes it clear. He agrees with Senator Durbin that, frankly, bankers own that place. However, he thinks that’s the way it should be. Why the constitution says right in article […]