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

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Define rich!!!!!!!!

…sectors of the economy. Yes, they are talking wealth. However, as I noted, this is after the rich bought their stuff to make them happy. Now they are just accumulating…

Dean Baker, Wall Street and the Economy

…assets from banks. The larger the subsidy, the better the news for Wall Street. It’s not clear that most of the public should be happy about seeing more of their…

What about the OCC ruling?

…estate developers? I would understand, it was a 2006 ruling making it a little more fresh in the mind. Needless to say, the National Association of Realtors was not happy….

No Pi for You!

…1897 the Indiana House of Representatives unanimously passed a measure redefining the area of a circle and the value of pi….The bill died in the state Senate. Happy Pi Day!…

This Makes More Sense–or Does It?

…It doesn’t make anyone happy, but the option is worth keeping open. Then we get to the meat of the deal: AIG will also give the U.S. Federal Reserve a…