Tag Archive | economy
Overturning Montana Law Facilitates Decline In Economic Opportunity
Although we are in the full swing of an election year and all focus is on who will win, please remember that the influence of money in politics is about something far more important than who wins the next election. Yes, in fact, there is something more important than who wins in November – the […]
Housing Crisis – Can We Do Something Already?
As an update to an earlier post that is continued below, there are more minds examining eminent domain and our real estate collective action problem. It has been shown that when the value of a home falls below the value of the mortgage debt — when it is underwater — a person is much more […]
Earmark Pigs Are Not Flying But Breeding Oligarchy
UPDATE: The ban on earmarks by the House in 2010 is proving difficult to uphold. Apparently the ban applied to passing legislation with earmarks and did not in any way apply to existing earmarks. Representative Harold Rogers, a Republican who is now the chairman of the House Appropriations Committee, added an earmark to a 2009 […]
Other 99% vs. 1%: All Banks vs. Wall St’s Biggest Banks
Guest post by Better Markets Originally published at Better Markets It’s always amazing how the 99% of banks put up with the 1% of biggest banks, their oligopoly, their subsidies, and their favored treatment. It’s clear and visible everywhere and it directly hurts the other 99% of banks, yet the 99% just takes it. For […]
The Wall Street-Washington Financial Complex
Guest post by Jeff Harding. Originally published at The Daily Capitalist Larry Summers worked for hedge fund D. E. Shaw for one day a week for a year and received $5,200,000. Assuming they gave him a couple weeks off, that’s 50 days of work. $104,000 per day is pretty good work if you can get […]
Capitalism Died & We Got TBTF – Regulation Version
The Volcker Rule of the Dodd-Frank bill is scheduled to go into effect on July 21,2012, although almost no one believes that the federal agencies will have finalized the necessary rules prior to that time. This much debated legislation still hasn’t been finalized over two and a half years after a public endorsement by President […]
Greg Smith Calls Out Goldman Sachs
Greg Smith wrote a scathing resignation letter describing how the corporate culture within Goldman Sachs had declined from one of “putting the customer first” to one of “make as much as you can today-no matter what” over the last decade. I wonder if everyone who is working in a publicly-traded corporation, in any industry, might […]
