Reader Critical Thinking Test! How Many Things Can You Find Wrong with Adam Davidson’s Latest Article?
As much as I thoroughly enjoy shredding Adam Davidson’s Sunday columns in the New York Times, why should I have all the fun?
Read more...Yearly Archives: 2013
Mirabile Dictu! Obama Likely to Nominate Mary Jo White to Head SEC
Obama’s likely nomination of Mary Jo White to head the SEC is such a departure from his normal picks that it is enough to make me believe in the claims that he plays 11 dimensional chess. There must be more here than meets the eye.
Read more...Links 1/19/13
All Good Democrats Applaud Republicans Rearranging Battle Lines in Austerity Phony War
As we anticipated, the Republicans have climbed down on making the debt ceiling the key battle line in their plan to impose spending cuts. Good Democrats applauded that move as a sign that Obama had displayed toughness and prevailed.
It’s not quite that simple.
Read more...What are the German Bankers Thinking?
Some readers would probably come up with less polite versions of the question above, but regardless of how one states it, policy in the Eurozone is very much driven by both the needs and the wants of German banks.
Read more...Links 1/18/13
New Ruling on Mortgage Putbacks a Potential Huge Win for Banks
Even though, for most people, the housing crisis is a thing of the past, the fight over who should bear the cost of sloppy and openly fraudulent mortgage origination and securities sales continues to grind through the courts.
Read more...Philip Pilkington: The Japanese Stimulus – Will It Work?
By Philip Pilkington, a writer and research assistant at Kingston University in London. You can follow him on Twitter @pilkingtonphil
There’s a lot of talk flying around about the Japanese stimulus. Some appears to be misguided, some appears to be sensible.
Read more...Joe Firestone: The Great Austerity Swindle!
By Joe Firestone, Ph.D., Managing Director, CEO of the Knowledge Management Consortium International (KMCI), and Director of KMCI’s CKIM Certificate program. He has taught political science as the graduate and undergraduate level and blogs regularly at Corrente, Firedoglake and Daily Kos as letsgetitdone. Cross posted from New Economic Perspectives
Our Congresspeople, corporate CEOs, tea partiers, most economists, Pete Peterson’s minions, and even our President, tell us that we’re running out of money; and that we can’t keep running huge deficits, and increasing our national debt forever, because eventually, our creditors will just cease lending us our dollars back….
Read more...Using Social Media Efficiently
This Onion talk shows how much the state of what is cool (as in what investors will pay the most for) in technology has changed since the dot-com era.
Read more...Links 1/17/13
Republicans Backing Away from Debt Ceiling Brinksmanship, to Hold Line on Sequestration and Budget
A important shift in the Republicans’ negotiating stance over the austerity fight (do we go Dem lite or Republican high test?) was duly noted in the Financial Times a day ago, but a search in Google News (“debt ceiling”) suggests a lot of other commentators have not yet digested its significance, so it seemed worthy of a short recap here.
Read more...Schadenfreude Alert: Has Departing SEC Enforcement Chief Robert Khuzami Become Damaged Goods?
Reader Mrs. G. took note of how Khuzami’s effort to defend his record in the National Law Journal backfired.
Read more...Will New Consumer Financial Protection Bureau New Rules for Struggling Homeowner Stop Predatory Servicing?
The Wall Street Journal gives a teaser, in the form of excerpts from a speech to be made later today, on new rules the Consumer Financial Protection Bureau will be implementing to regulate how servicers treat homeowners who become severely delinquent on their mortgages.
Read more...Bill Black: German Growth Goes Negative but Merkel’s Press Remains Glowing
By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Cross posted from New Economic Perspectives
It is good to be Angela Merkel.
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