wall street
OMG how cool are Ed Henry’s parents at CNN! They so signed his permission slip for the NYSE floor field trip, where all the money is! SO JEALOUS. He probably met so many awesome brokers and stuff and got their autographs. OMG HE MET JIM MAGUIRE! Seriously? Seriously? We have his rookie card, BUT ONLY [...]
It’s been a great time for all, watching the political responses to the SEC’s decision to sue Goldman Sachs for fraud. Both Democrats and Republicans are searching for mischievous PROOF that rich people on Wall Street have donated money to the other party. And it might surprise you to learn that this proof is readily [...]
MASSIVE COMMUNISM: “Goldman Sachs, which emerged relatively unscathed from the financial crisis, was accused of securities fraud in a civil suit filed Friday by the Securities and Exchange Commission, which claims the bank created and sold a mortgage investment that was secretly devised to fail.” Silly SEC, you’re not allowed to do that. You all [...]
Let’s scroll down the Google Reader for more post ideas… Alec Baldwin HuffPo thing… 100 more HuffPo things… government official/tranny porn something something… that real estate economics blog we never ended up reading… WAIT SCROLL BACK UP, the government/tranny thing, let’s post that! (Yes, your editor does indeed read his running monologue aloud while looking [...]
Because he is a Maverick and changes his opinions, like a Maverick, whenever America needs John McCain to save it, John McCain is now against John McCain’s sterling leadership (I WILL SUSPEND MY CAMPAIGN etc. etc.) in the wake of September 2008′s Wall Street meltdown. (Also, he has a primary coming up against some teabagger [...]
Let’s start calling developments in the Senate “anti-news,” right? In fact someone should just write the history of every future legislative proposal now, and patent it: “A proposal by former Federal Reserve Chairman Paul Volcker to limit bank’s proprietary trading will be either be dropped or significantly modified in the Senate, lawmakers and staffers told [...]
ANOTHER IDEA THE SENATE CAN CONVERT INTO A 100% CAP GAINS TAX CUT! “WASHINGTON — President Obama is likely to propose a fee on financial institutions to help reduce the federal deficit when he releases his budget plans in February, although the details remain unresolved, according to administration officials.” The likely resolved details will be [...]
HOUSE PASSES BILL TO PRETEND-REGULATE WALL STREET! Oh look, the House finally passed a financial regulation bill, its third major legislative feat of the year. Now, as usual, it will go to the Senate to die. Not that this bill has anything even resembling teeth in it at all: “In preliminary votes ahead of the [...]
Love is in the air! Famous first daughter Chelsea Clinton is getting married to some guy she’s shacked up with, in Manhattan. He’s a Wall Street hotshot, and everybody loves those guys. And his dad is a convicted felon who recently got out of FEDERAL PRISON. The Clintons: Still making everybody else look better. [Chicago [...]
WHAT HE NEEDS TO DO IS WRITE ANOTHER NYT OP-ED DESCRIBING THE INS-AND-OUTS OF RESOLVING A COMMODITY BUSINESS: Jake DeSantis, the AIG executive who recently penned a very nuanced take in the New York Times about why he deserves a publicly funded $750,000 bonus that otherwise would’ve been laughed out of bankruptcy court, is still [...]
by Jim Newell
THIS SINGLE COMMENT FROM SOME FREE REPUBLIC THREAD DESERVES ITS OWN POST: “reaganaut1,” upon hearing that Barack Obama wants to impose a small tax on banks to recoup bailout funds, warns: “If Wall Street doesn’t grow a pair of nads now, they are forever doomed.” Text “HAITI” to 90999 to help the powerless Wall Street. [...]