Monthly Archives: October 2009

Guest Post: Chairman of the Department of Economics at George Mason University Says Politicians Are NOT Prostitutes … They Are Pimps

By George Washington of Washington’s Blog. Preface: My apologies if this is offensive.  As always, Yves Smith is not responsible for this content, does not necessarily agree, sponsor or endorse it. Many people have called politicians prostitutes. True, Obama has received more donations from Goldman Sachs and the rest of the financial industry than almost […]

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Links Happy Halloween!

California among 15 states suing Amgen over anemia drug Los Angeles Times Bad C’s Michael Panzner Hampton Georgia (Pop. 5,300) Attacked by FDIC, FHA, Fannie and Freddie Bruce Krasting EU competition commission foists draconian remedies on RBS Telegraph (hat tip Swedish Lex) Shock and Awe The Epicurean Dealmaker Antidote du jour: You get an antidote […]

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Guest Post: Breaking Up The Too Big to Fails Will NOT Harm America’s Ability to Compete with Foreign Banks

By George Washington of Washington’s Blog. Preface:  Please read to the end to see the humorous quote. I have previously debunked numerous false arguments used to defend the too big to fails. See this and this. But the apologists for the TBTFs are now arguing that breaking up the beached whales … er, giant banks […]

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Bank-Favoring Censorship by Congress

Harper’s Magazine has written up the lengths to which the authorities will go in censoring views that dissent with what is the unstated official policy: that no demand of the banking industry is too unreasonable not to be catered to. The object lesson is the gutting of the falsely-branded derivatives reform bill. It arrived with […]

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Guest Post: Conservatives and Liberals Agree: Proposed Bank Oversight Bill Will Make Things Worse

By George Washington of Washington’s Blog. When a liberal labor leader and a conservative financial policy analyst unite against something, you know that something is really bad (actually, I don’t believe in the whole false left-right dichotomy; I think its Americans versus those trying to steal our wallets and our rights, but that’s another story). […]

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Links 10/29/09

New Name Floated In Geithner Replacement Talks Dealbreaker (What up, bankster? I said I wouldn’t be using that word but it’s in context and I had to say it. This will be the new Treasury lyrical theme – just replace the word gangsta with the other one.) America’s Next President? YouTube (Oops. wrong link at […]

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Antidote du Jour

Your humble blogger is WAAAY behind the eight ball! Apologies! Some of you sent very nice links and some good research too, and I am sorry I am not able to take advantage of them. I am very much under the gun till next Wed, I am afraid my posts will be thin. Please bear […]

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Guest Post: Government Is Trying to Make Bailouts for the Giant Banks PERMANENT

By George Washington of Washington’s Blog. On September 25th, I wrote: Paul Volcker and senior Harvard economist Jeffrey Miron both testified to Congress this week that the government is trying to make bailouts for the giant banks permanent. Writing Wednesday in The Hill, Congressman Brad Sherman pointed out that : In my opinion, Geithner’s proposal […]

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The choice is between increasing or decreasing aggregate demand

By Edward Harrison of Credit Writedowns. DoctoRx, Rob Parenteau and Marshall Auerback have each written articles here to bring clarity to some issues I first raised at the beginning of the month in my post, “The recession is over but the depression has just begun.” As I see it, the issue we are debating has […]

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Links 10/28/09

Australia coastal living at risk BBC (hat tip reader John D) Antipsychotic Drugs in Kids Linked to Weight Gain Bloomberg These comments from DoctoRx: These drugs are wildly overprescribed because Obama’s new friends push and then push some more to get MDs to prescribe probably the single most overpriced class of drugs on the entire […]

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All Debt is Not Created Equal: Government Debt is NOT the Same as Private Debt

By Marshall Auerback, an investment strategist and analyst who writes for New Deal 2.0. A major shortcoming in an otherwise thoughtful post by DoctoRX on deficit spending is a traditional mistake in which analysts seek to analogise the expenditures of government with that of a private household or business. The government is sovereign. This fact […]

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