Relevant and even prescient commentary on news, politics and the economy.

Going to Washington as a financial blogger

Rdan Yves Smith describes a meeting she attended at Treasury in D.C. Read at her place or the rest under the fold. The Treasury invited a small group of bloggers for a “discussion” with senior officials on Monday. Initially, the meeting was to be background, which is a sort of journalistic “FYI but you can’t […]

The Rule of Capture and Legalized Theft

by cactus The Rule of Capture and Legalized Theft The rule of capture states that a resource belongs to the entity that, well, captured it, regardless of where that resource originated. In the US, it tends to apply to oil and natural gas development. What the rule of capture implies is that if you and […]

1204 and forever…more unitary executive?

Rdan Hat tip Naked Capitalism regarding the Financial Stabilility Improvement Act as described by Washington’s Blog concerning banks/investment companies ‘too big to fail’ actions by the US and EU countries.October 29, 2009 begins testimony on more emergency powers by the executive branch. The House Committee on Financial Services will hold a hearing on the bill […]

New look for Angry Bear

Rdan The new template is done for the most part and will be replacing the current template in November, about mid-month. It is faster and cleaner and should serve us well. There will be additional services included. Anyone who wants to take a look at the proto-type can in the near future.

Greenberg returns

rdan Greenberg is back using the same business strategies he used at AIG. (hat tip Ruthie Ackerman, assoc. ed. New Deal 2.0) To point to Marshall Auerback an investment strategist who writes at New Deal 2.0 “Happy Halloween: Pay Curbs are a Trick on the Taxpayer, Not a Treat” feels like an anti-climax…Greenberg is way […]

Report from Chicago

guest post by run 75441 While the American Banking Association held their “Roaring Twenties” party to kick off their annual meeting, people from 20 different states, as far away as California, came together to kick off “Showdown Chicago” protesting the loss of jobs and the harsh and speculative practices put in place by banks and […]