Day

October 22, 2009

"Our" New Paymasters?? Define, "Our"

Confusing “Us” and “Them” Today’s Wall Street Journal is running a house editorial decrying government wage controls on the top 175 executives at seven companies that are still using money from the Troubled Asset Relief Program (“TARP”). The title of the piece? “Our New Paymasters: wage controls are politically easier than genuine reforms.” I can...
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RICO and Goldman Sachs

“Goldman Sachs Leadership Arraigned,” Says U.S. Attorney Michael Moore, in his new movie, “Capitalism: A Love Story,” shows up in Goldman Sachs’ Wall Street lobby to make citizens’ arrests of senior Goldman officials. Puh-leeze!Here’s what Michael Moore should have demanded instead (whoever said we didn’t need new laws to clean up financial corruption . ....
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Option-ARM with 12 Zeroes?

The Mother of All Re-Financing Risks? Taking on new debt is an action that has implications for the true cost of the U.S. government’s financial rescue initiatives. This cost may have significant refinancing risk.” –Special Inspector General Neil Barofsky Let’s see . . . one of the main story lines of the housing bubble involves...
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