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Brains! Brains! Brains! Or, why is there no finance "summit"?

Krugman:

When it comes to dealing with the banks, the Obama administration is dithering. Policy is stuck in a holding pattern.

Here’s how the pattern works: first, administration officials, usually speaking off the record, float a plan for rescuing the banks in the press. This trial balloon is quickly shot down by informed commentators.

Read below the fold...
Sarah's picture

Let the Numbers Players Go

Thread: 

Excuse me.
I'm trying to see what, exactly, the difference between corporate executives and Wall Street futures traders, and one-armed-bandit addicts is. Can somebody tell me?

It isn't the three-piece suits and hired drivers, is it? 'Cause the syndicate guys who own the casinos have those.

How is it more legitimate to engage in "futures trading" than throwing dice? I mean, I understand that it doesn't happen in Vegas, but apparently it does happen in alleys and break rooms -- and that instead of having some squirrelly kid watching for the cops, the Wall Street moguls have the media telling them what's happening not just in the game in NYC or Chicago but in London and Tokyo and Singapore. Read below the fold...

No, Obama's teleprompter doesn't remind me of FDR's wheelchair

Remember how photographers always tried to avoid taking pictures that showed FDR's wheelchair? Today's photographers are facing the same kind of technical problem. Politico (sigh, but a lot of people are covering this, so):

[Obama's] use of the teleprompter makes work tricky for the television crews and photographers trying to capture an image of the president announcing a new Cabinet secretary or housing plan without a pane of glass blocking his face. ...

Read below the fold...

Volcker: "There’s something wrong with the system"

Bloomberg:

“In this world I don’t see how we can avoid international consistency” on securities regulations going forward, [Volcker] said. “The U.S. is no longer in a position to dictate that the world does it according to the way we’ve done it.”

Read below the fold...
connecticut man1's picture

Republicans are Failing their Constituents

Friday Morning Lo-Fi Blogging

Try mentally recasting this as if the mind of the Village -- and their masters -- were singing to the American people, instead of America to the rest of the world.

Why not clawback and confiscate?

I know, because capital will flee to someplace safe, like Russia. Still, this is beyond ridiculous:

U.S. to Invite The Wealthy To Invest in The Bailout
The government is seeking to resuscitate the nation's crippled financial system by forging an alliance with the very outfits that most benefited from the bonanza preceding the collapse of the credit markets: hedge funds and private-equity firms.

Read below the fold...

It's the economy, stupid

David Corn:

I spotted a senior administration official who handles economic issues. He, too, was heading to the East Wing, and he was holding a collection of thick briefing books.

"Having fun?" I asked.

"Any time I'm not working on AIG and Citibank, it's a good day," he said. "Health care is fun compared to that. Believe me, I'm glad to be out of the office doing this."
How encouraging, I thought.

"You know what makes everything so hard?" he asked me. Before I could answer, he stepped closer to me.

Read below the fold...

Sure, trashing Rush Limbaugh is good, clean fun...

.. but if the goal is to destroy the Republican brand, wouldn't televised hearings into Republican crimes, followed by indictments, be a whole lot more effective?

Because, after all...

Republicans really want to be dominated.

So why not give Republicans what they want, instead of the pissant approach we've been taking? Read below the fold...

Sarah's picture

About that biofuels revolution -- the suppliers are failing

The Hereford plant, which is about an hour from me, went under six days after the new President took office.
Looks like this is another victim of the banksters: Read below the fold...

Progress is our most important product

Sanjay Gupta dives under the bus

What a shame.

Maybe somebody at the health "reform" "summit" got Obama's ear and showed him why Gupta was box office poison? Especially since, at Pravda points out, Gupta wasn't even invited to it. Haw. Read below the fold...

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