Submitted by lambert on Wed, 03/25/2009 - 9:41am
Submitted by lambert on Wed, 03/25/2009 - 9:14am
Submitted by lambert on Tue, 03/24/2009 - 10:58pm
Submitted by lambert on Tue, 03/24/2009 - 10:05pm
Submitted by lambert on Tue, 03/24/2009 - 4:32pm
P.O.S. Politico:
Obama himself plans to meet soon with liberal bloggers, according to an administration official.
Nothing in 2009, nothing in 2008.... Obama's going to have to catch up on his reading!
One question though:
Would Obama read any blogs that say Fuck? Read below the fold...
Submitted by lambert on Tue, 03/24/2009 - 3:42pm
AP:
Insurers offer to stop charging sick people more
For the first time, the health insurance industry is offering to curb its controversial practice of charging higher premiums to sick people.
Insurers are trying to head off creation of a government insurance plan that would compete with them.
What next? Not denying coverage to people who've already paid for it? Read below the fold...
Submitted by lambert on Mon, 03/23/2009 - 10:02pm
Even Josh gets it:
[I]n a WSJ op-ed today, Geithner looks to rebrand "toxic assets" as "legacy securities" (bad mortgages are dubbed "legacy loans").
[pounds head on desk]
Nice talking point. Axelrod's? Read below the fold...
Submitted by lambert on Mon, 03/23/2009 - 9:33pm
No greater sin, if all you care about is who wears what jersey. Nancy Kruh of the Dallas Morning News on "Why I'm not taking a bath in the market":
The only economic expert I follow religiously is New York Times columnist Paul Krugman, and he is the sole reason I did something back in March 2008 that millions of people now wish they had done. I yanked every last penny I had invested out of the stock market.
Read below the fold...
Submitted by lambert on Mon, 03/23/2009 - 7:14pm
Submitted by lambert on Mon, 03/23/2009 - 4:29pm
Booman, bien sur. Hamsher can take care of her arguments and herself, so I'll focus on this delicious morsel:
There is a limited universe of people with both the experience and the capital to buy up and manage the toxic assets. The more money people made off creating this misery, the more likely they are to be flush enough with cash to take risks on fixing it.
Read below the fold...
Submitted by lambert on Mon, 03/23/2009 - 1:47pm
Submitted by lambert on Mon, 03/23/2009 - 9:10am
Submitted by lambert on Mon, 03/23/2009 - 7:48am
Bite me, Timmy:
No crisis like this has a simple or single cause, but as a nation we borrowed too much and let our financial system take on irresponsible levels of risk.
How are "we" responsible for creating trillions of dollars in toxic derivatives?
How are "we" responsible for the missing and fraudulent loan documentation? Read below the fold...
Submitted by lambert on Mon, 03/23/2009 - 1:54am
DeLong writes:
The government, however, is the agent of society at large.
No, it isn't. The goverment -- not entirely, but surely largely -- is the agent of the banksters; of the financial class. You've only got to look at who gets the money and how:
1. Manufacturing sector, unions: Nada.
2. States and localities: Bailout billions, with fingerwagging on not wasting a dime of it. Read below the fold...
Submitted by lambert on Sun, 03/22/2009 - 5:00pm
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