Last week’s Politico Magazine ran a story quoting Wall Street executives who have become saddened and bewildered by how little pull they have in Washington:
Both Naked Capitalism and New Economic Perspectives among many others have posted this video. It's fast paced, wide ranging, packed with visuals, and has several guests. Here it is with a transcript, packed with some of the visuals for us visual learners: Read more about RT video - The Truthseeker: Looting of America
A few days ago, Goldman Sux CEO Lloyd Blankfein was "interviewed" by a CBS tool, giving him an opportunity to explain that entitlements like Social Security, Medicare, and Medicaid are just too expensive to continue. Yes, it's old news, already reported earlier here and here. But what I totally missed is that Blankfein's math is waaaaaay off, creating an opening for some LTEs. Read more about Blankfein's Bad Math and an LTE Opportunity
BLANKFEIN: You're going to have to undoubtedly do something to lower people's expectations -- the entitlements and what people think that they're going to get, because it's not going to -- they're not going to get it.
PELLEY: Social Security, Medicare, Medicaid?
People are flawed, in fact pretty much everybody is completely fucked up in one way or another. It's human nature, it's always been that way, and it will always be that way - not a goddamn thing we can do to change it. But there are things that, as a society we can do to make lives better. For example, I'm all for a broad social safety net, and I think that Social Security and Medicare are, for the most part good programs. Read more about Of Bananas and Oligarchs: It's a Mad, Mad, Mad, Mad, World
[Welcome, C&L readers! -- lambert]
Charles Wilson, the President of General Motors once famously said during congressional hearings that, as Secretary of Defense, he would be able to make a decision adverse to the interests of GM but that such a situation was virtually inconceivable "because for years I thought what was good for the country was good for General Motors and vice versa". For decades, Charles Wilson has stood alone as the Platonic ideal of corporate whores and douchebags who have no compunction about plundering the public and the Treasury to serve their corporate ends, because, well, hey if it's good for us, it's good for the America. Read more about Lloyd, You're Confusing "America" And "Goldman Sachs" Again