You know, I’m such a hypocrite sometimes. I was—and I basically still am—firmly in the “give Obama some room to operate” crowd that was trying to calm people down during the transition when Obama, who was not yet president, was “fucking up.” We’re not done with the proverbial 100 days, and, well, the man deserves … Continue reading Time for Geithner to go
Looks like he’s getting confirmed, but he’s drawing a lot of Noes. I have 21 right now. Update: Some of the Noes: McCain, Feingold, Sanders, Harkin, Byrd. Update 2: 60-34
On the eve of the Democratic National Convention Nate Silver gives Mr. T about a 42% chance of becoming president. Even if the Clinton E-Mail “Scandal” and the subsequent investigation is a Nothing Burger about a Nothing Burger; even if Comey’s unusual hectoring about “carelessness” was probably an attempt to shield his own Federal branch … Continue reading Where Were You in 2016?
I fucking hate Tim Geithner. The fact that Obama promoted one of the architects of TARP is why it is not entirely unfair to make him share in the blame for it. (That, and, you know, the fact he voted for it in the Senate.) But worse, he has been a disaster both politically and … Continue reading "Sugar"
Lots of talk today about the bankster’s failure to comply with basic contract and property law when they skimmed a few trillion dollars of wealth out of the middle class may require another bailout. Politically, this is something that Democrats of the early 20th century would have benefitted from, but this kind of bank-friendly pseudo-working … Continue reading TARP II: The Empire Strikes Back
I said fuck Geithner then. They say it now. Why prevent something when you can blame after the fact, right? As I so delicately put it about a year ago: Anyway, Geithner must have a small dick that too many of these ass holes have seen in the sauna at the Harvard club or something … Continue reading Polemic March 2009=The Nation January 2010
Sure, the CATO institute isn’t going to be in favor of the government owning one share of any bank, let alone have 100% control. And technocrats know that all that would happen is that the banks would be cleaned up and spun back off. That’s not the problem. The problem is the clean up, whether … Continue reading Banks