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Week of August 23, 2009 - August 29, 2009

OMG If You Tell People What We Did The World Will End


Bloomberg has sued the Fed to disclose documents describing how the TARP money (and that infused into various affiliated programs) was actually used by the banks that signed up for it.  A federal district court has done what Congress could not do: order the Fed to turn this information over under the FOIA.  The banks, it turns out, have taken the position that the release of accurate information will cause the spread of rumors that will undermine the capitalist system.  Because, you know, in the system right now, BoA is a magic pony that exists due to its superb financial management (of unlimited taxpayer largesse.)

Why Don't They Like Us?


There is a jaw-dropping article in Time in which the CEO of Goldman (this year's comp: 68.5 million) expresses his consternation that people hate Goldman Sachs despite the fact that they're making sh---loads of money.  I just don't understand these people.
(I was going to write about TK.  Ironically, it feels like the country lost someone who understands how folks like Goldman play the game (and, indeed, could have easily played on that side), but yet decided to use those talents and privileges for those who did not have them because, as he figured out, the game is if not rigged, very difficult to play.)

So Much for Health Care


Now that Jacko got whacked.
« August 16, 2009 - August 22, 2009 | Home | August 30, 2009 - September 5, 2009 »

rumpole

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