American Madness

Intelligent Criticism in the Service of a Better Nation

Disgusting Self Promotion: The Bailout T-Shirt

I hereby present “The Bailout T,” the latest in Wall Street casual wear.
If you need cash, there’s no need to go sniveling to the Fed directly when you can wear this passive aggressive T-shirt.
Hey, everyone you know borrowed 30 times their capital and bought impossible-to-value securities. If all the kids skinned their knees they’d [...]

An Open Letter to McCain and Obama

Dear John and Barack,
I have one simple question for each of you (answer seperately, please): What exactly are you going to do for ME?
I’m 28 years-old, I’m white, I come from a comfortable middle-class background, and like a lot of people my age, I’m trying to find a career and chart my own course in [...]

So great…

Jason Flores-Williams at The Nation:
Investment bankers are some people’s ideal New Yorkers. They work twelve to fourteen hours a day. Their lives are completely centered around work. They rarely engage in political dissent, don’t raise hell and question very little, unless it affects their money. They earn on average $280,000 a year, so they can [...]

Selective favoritism in action

Stocks Surge as U.S. Acts to Shore Up Money Funds and Limits Short Selling
If the government is going to bailout the private banks without taking them over, this is the greatest departure from capitalism the country has ever seen. The government has been lauding the virtues of unfettered capitalism for about 30 years now, but [...]

LehManLove

(via Matt)
With markets this crazy, you’ve got to take it where you can get it. I keep reading that collateralized NAMBLAs are the next to go.

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