Thursday, April 29, 2010

An interpretation of the Tea Party Movement

One I actually have sympathy for.

Wednesday, April 28, 2010

Haiti - the first country governed by non-profits...

...as opposed to countries governed by dictators and for-profit companies.

http://aidwatchers.com/2010/04/are-aid-donors-now-running-haiti/

Tuesday, April 27, 2010

Just burn down Wall Street already

The security, named Timberwolf I, a collateralized debt obligation of other collateralized debt obligations that were based not on actual home mortgage bonds but instead on those bonds' movements, was referenced in a June 22, 2007, email from a Goldman senior executive, Tom Montag, to another, Dan Sparks. Sparks is testifying today before Levin's panel.

http://www.huffingtonpost.com/2010/04/27/goldman-sachs-hearings-li_n_553318.html#s85332

Thursday, April 22, 2010

Pretty much sums up the financial situation.

"The combination of state insurance (which protects creditors) with limited liability (which protects shareholders) creates a financial doomsday machine... A large part of the activity of the financial sector seems to be a machine to transfer income and wealth from outsiders to insiders, while increasing the fragility of the economy as a whole," - Martin Wolf.