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Week of March 8, 2009 - March 14, 2009

REMEMBER WHEN? Accountability in Financial Markets


In honor of Bernie Madoff and Jim Cramer, I thought I would reprise the following which was previously published in this blog on TPM:

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In a photo taken during the pre-Reagan era when banking activities were closely monitored and regulated, we see Banking Industry mogul Jesse James auditing accounts receivable in his inbox under the watchful eyes of the regulators.



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SleepinJeezus

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  • Location Junction of Principles and Opinions, somewhere in Wisconsin
  • Party Democrat
  • Politics Progressive Liberal - Clarence Darrow; Bob LaFollette; Saul Alinsky; FDR New Deal; Henry Wallace; James Groppi; Catonsville 9; Harold Washington; Tip O'Neill; Ann Richards; Studs Terkel; Molly Ivins; Mahatma Ghandi; Mother Jones

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  • Favorite Blogs www.fightingbob.com
  • Favorite Books The Jungle - Sinclair; Grapes of Wrath - Steinbeck; Reveille for Radicals - Alinsky; Darrow for the Defense - Stone; Trout Fishing in America / Revenge of the Lawn - Brautigan;
  • Favorite Quotes

    "Is this a private fight, or can anyone join?" - Old Irish saying

    "Just because that Union Driver is making more money than you doesn't necessarily mean he's overpaid." - My Father, a tavernkeeper, responding to a customer's complaint about a fellow tradesman.

    We Can Be Together - Jefferson Airplane

    Misery's the river of the world - everybody row! Tom Waits

    "When a true genius appears in the world, you may know him by this sign, that the dunces are all in confederacy against him." Jonathan Swift

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I slept with the lions

and Marilyn Monroe

had breakfast in the eye

of a hurricane

fought Rocky Marciano,

played Minnesota Fats

burned hundred-dollar bills,

I've eaten Mulligan stew

got drunk with Louis Armstrong

what's that old song?

I taught Mickey Mantle

everything that he knows

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