Tag Archives for wall street
Special Kind of Asshole
Mark Krikorian is clearly trying to exceed his intellectual capacity (and failing): But we’re in this mess, ultimately, because our political elites thought it was good social policy to encourage banks to give mortgages to uncreditworthy people, resulting in what … Continue reading
Someone’s Diary, Updated
Didn’t think the entry would be from the Chairman of the Fed. Him: “We have lost control. We cannot stabilize the dollar. We cannot control commodity prices.” Me: We lost control. Then the dampening factors in the global system gave … Continue reading
Responsibility
On one note – it’s about time. (Snipping Fannie/Freddie golden parachutes was a good move.) On another – this school of thought – that its your responsibility to keep your bank running – is way off. Get out while you … Continue reading