American Madness

Intelligent Criticism in the Service of a Better Nation

The Fat Man Skips Lunch

It seems that Goldman Sachs Chief Executive Lloyd Blankfein has responded to the financial crisis by sacrificing his own bonus as a gesture of solidarity to the millions of taxpayers who bailed out his employer.
Goldman Sachs, which received a $10 billion from through the troubled relief asset program this quarter, hit a public relations quagmire [...]

Deep Pockets

Do you ever feel poor? Like you are just scraping together enough money each month to barely make it by?
Well, now you can see where you rank in terms of world salaries or as they put it on the GlobalRichList:
Every year we gaze enviously at the lists of the richest people in world.
Wondering what it [...]

Hedge fund buys iPorn.com

FinAlternatives reports:
A hedge fund dedicated to investing in the adult entertainment industry has struck a deal for iPorn, a mobile and SMS pornography provider in the works.
Beverly Hills, Calif.-based AdultVest, which claims its “online marketplace” now exceeds $7 billion in capital available for varied smutty investments, announced that its Priapus Investment Fund acquired iPorn yesterday.

I’ve [...]

Watch this if you want to understand inflation

Yesterday’s Senate hearing on commodities (Real Player).

Welcome to the Bear market

The economists and economic naval gazers at American Madness were blown away by the price JPMorgan paid for Bear Stearns this weekend. But we were more astonished at how the payment was made (with our money…yours and mine).
Well, at least the taxpayer got a good deal! Poor Jimmy Cayne walks away with about 1/100th of [...]

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