David Souter has announced that he will retire from the Supreme Court at the end of the term. This came as news to the other members of the Supreme Court, who were pretty sure David left sometime in mid-1995. It gives Obama the chance to make his first nomination, so in the spirit of providing [...]
Archive for April, 2009
Sullivan for Supreme Court
Posted in Obama on April 30, 2009 | Leave a Comment »
Please Explain This to Me
Posted in Finance, Industrial Policy, Obama on April 30, 2009 | 2 Comments »
So GM has presented its lenders with a plan to restructure the company to the following shareholdings: 89.9% (54.4bn shares) US Treasury and United Auto Workers 9.1% (5.5bn shares) current bond holders 1.0% (610mm shares) current equity holders GM shares closed at $1.81. Notice anything strange?
Self-awareness
Posted in Military, Miscellaneous on April 28, 2009 | Leave a Comment »
At what point in the preparation of a memo that is going to be distributed to the FAA, Secret Service, and NYPD requiring secrecy for an Air Force photo op over Manhattan do you catch yourself typing: the possibility of public concern regarding DOD (Department of Defense) aircraft flying at low altitudes and think to [...]
Mindset
Posted in Miscellaneous, Politics on April 27, 2009 | 4 Comments »
James Kwak has his best post yet at Baseline, pointing out that Tim Geithner is the poster child for the soft power of regulatory capture: we meant that one of the primary means by which Wall Street got its way in Washington was by creating and propagating the understanding – among sophisticated, educated, cultured people, [...]
Benjamin N. Dover III
Posted in Miscellaneous on April 27, 2009 | Leave a Comment »
Courtesy of Zero Hedge, our favorite public commenter strikes again: Ben on the uptick rule. Ben on PPIP.
Summers
Posted in Meltdown on April 27, 2009 | Leave a Comment »
Based on Simon Johnson’s account of a conversation with him, Larry Summers seems even more delusional in person than in the media: LS: We will get out of the crisis by encouraging exactly the kind of behaviors that “previously we wanted to discourage” two years ago. It is “this insight, this view” particularly with regard [...]
In Support of Usury
Posted in Meltdown, Obama on April 26, 2009 | Leave a Comment »
Crossposted at DailyKos Credit cards are in the news today – the White House summit, Carolyn Maloney’s Credit Card Bill of Rights, the Dodd/Schumer call for card issuers to freeze rates – and it is understandably a topic of great relevance for most people. The Maloney bill is a good bill. It focuses on disclosure [...]
Stay Out of the Lane
Posted in Energy Policy on April 24, 2009 | 1 Comment »
Marsha Blackburn (R-crazy town) woke up in the morning and decided to pick a fight with Al Gore on green energy. Her wedge issue: Al Gore has invested in green energy. Apparently no one on her staff told her to have a cocktail, put on the fuzzy slippers, and stay home, because she went ahead [...]
Nationalization versus Receivership
Posted in Meltdown on April 24, 2009 | Leave a Comment »
Crossposted on Daily Kos I was going through the comments in Bobswern’s post on the BofA developments and came across this comment from Lying Eyes: The audience on this blog is very intelligent but there are numerous levels of knowledge on how the financial system works. Some don’t have a clue beyond their own finances [...]
Cenac Attack
Posted in Television on April 22, 2009 | Leave a Comment »
Good reminder of the dangers facing the nation if the Democrats turn us into some European outpost…
