Comments on: Stiglitz: ‘The Too-big-to-fail Institutions Have Succeeded in Managing Their Risk’

By: selise

selise — Wed, 22 Apr 2009 14:23:28 +0000

oh, and p.s. i tried listening to the cop hearing, but had to stop. i love warren, but that was a horrible hearing. all kissy up to geithner who took control of the hearing - actually insisting on taking more than twice the amount of time he was allotted for his opening statement, and then doing what he always does: distract, delay and obscure. unless something changed after i quit listening, it was another hearing that sucked. we need a prosecutor type. i remember listening to the hours of fitz questioning libby - THAT is what i’m talking about. calm, polite, in control and devastating.

By: selise

selise — Wed, 22 Apr 2009 14:17:49 +0000

the one issue i thought we had a (very small) chance on was healthcare reform – but with so many willing to, or worse actually insisting on, pre-compromise for insurance centered reform (that we all know will be gamed and not for us), i am tending towards despair.

By: selise

selise — Wed, 22 Apr 2009 14:13:02 +0000

i was thinking of the (possibly) cultural change where people learned to prioritize gaming the “measures” instead of doing a good job as recognized by one’s co-workers, customers, etc.

By: montanamaven

montanamaven — Wed, 22 Apr 2009 14:05:37 +0000

Goodee. I’m making a composite of moronic bankster quotes and this is a gooder.

By: ubetchaiam

ubetchaiam — Wed, 22 Apr 2009 00:43:34 +0000

Isn’t going to happen; and what better ’smokescreen’ than the issue of torture investigations and healthcare to hide the financial games.

Apologies for being such a ‘downer’ but I agree -it’s in my experience- with David Simon; it will take something like the Haymarket to bring about institutional change.

Oh, and in case you missed this http://www.talkingpointsmemo.c…..banks.php “The government’s “stress tests” of 19 large banks take a harsher view of loans than of other troubled assets, according to a Federal Reserve document obtained by the Associated Press. That approach favors a few Wall Street banks while potentially threatening major regional players.”

~~~ModNote: Link repaired.~~~

By: ubetchaiam

ubetchaiam — Wed, 22 Apr 2009 00:40:32 +0000

Actually one has to go back to 1969 when Nixon got elected. China dependency, outsourcing, HMO’s, prolongation of ‘Nam, many other things were the seeds for the current situation (including the impetus by defeating Goldwater for the nomination of the usage of the religious fundamentalists in the political process).

By: ubetchaiam

ubetchaiam — Wed, 22 Apr 2009 00:36:26 +0000

No trouble and much thanks.

By: selise

selise — Wed, 22 Apr 2009 00:31:51 +0000

fire geithner now. summers too.

By: selise

selise — Wed, 22 Apr 2009 00:31:18 +0000

i don’t know about obama, so far i’m not impressed. but then, i guess i don’t see electoral politics as the source of all political change.

By: selise

selise — Wed, 22 Apr 2009 00:25:43 +0000

i agree. but i don’t remember it always being that way (~30 years ago) – am i misremembering or was i just not paying enough attention?