Goldman means never saying sorry
Goldman Sachs sent out a press release to announce it came to its senses and exercised “restraint” with its 2009 bonus pool. The so-called commercial bank “limited” its $16.2 billion bonus pool to 35.8% of revenue, down from 48% in 2008. Excuse me while I reach for my airsick bag.
This fake mea culpa should in [...]
Why do they insist on keeping Leno on TV?
I’ve been paying a bit of attention to the war going on at NBC between Conan O’Brien and the executives and Jay Leno, etc. I think it’s pretty crappy what the network has done to Conan. Perhaps I feel that way because I’ve always thought Leno was a terrible comedian who destroyed The Tonight Show. [...]
Our Nomination for the idiot of the week: Rev. Pat Robertson
This is a partial transcript of comments made by Rev. Pat Robertson after learning of the tragic earthquakes in Haiti:
“[S]omething happened a long time ago in Haiti, and people might not want to talk about it. They were under the heel of the French. You know, Napoleon the third, or whatever. And they got together [...]
What if everyone used their gifts to benefit others?
Today the N.Y. Times editorializes about taxing the high earners at Goldman Sachs. Is that really the problem with such intelligent people devoting themselves purely to the accumulation of lucre.
If all of the mathematical investment geniuses at Goldman Sachs and the other investment banks and hedge funds had devoted their talents to serving the [...]
Cash for gamblers: Government bankrolls hedge fund bets
The Wall Street Journal reports today that large banks have resumed lending money to hedge funds and other institutional investors. A closer look at this at this development reveals painful conflicts and new depths of fraud perpetrated against taxpayers.
The Wall Street lending machine, also known as the prime brokerage business, exists because commercial banks that [...]
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As with Anna Karina, we prefer to remember the U.S.A as she was in the 1960s.
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