Jon Stewart: Clusterf#@k to the Poor House – Wall Street Bonuses
Companies that American taxpayers had to bail out with billions of dollars use that money to reward their employees with bonuses.
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David Letterman’s Top Ten Signs There’s Trouble at NBC
David Letterman is having a field day with the uproar over at NBC. Below are four videos of him poking fun. Enjoy. Top Ten Opening Monologue More Fun for Letterman Leno Victims Unit
Links: 2010-01-13
Op-Ed Contributors - Questions for the Big Bankers - NYTimes.com Enough With The Government Cover-Ups - Forbes.com interfluidity - Links on inequality and the macroeconomy Demand overwhelms program to prevent homelessness |…
Revisiting the sectoral balances model in Japan
On a number of occasions, I have pointed to the sectoral balances model of finance to help demonstrate what happens when the government sector runs a deficit or a surplus. A recent article in the Financial Times by Martin Wolf on Japan’s…
FDIC looks to reign in compensation via insurance levy
FDIC Chairperson Sheila Bair has released her own proposal to compete with a recently floated proposal for a tax on bank compensation. Her proposal calls for linking compensation with FDIC insurance levies as a means of aligning…
Graphic: Unemployment – State by State
This comes from Kiplinger (click to enlarge). Not only does this graphic break down where the trouble spots are for jobs today, it gives you a historical perspective as well. It looks like the Southeastern seaboard and the west coast are…
SEC may limit disclosure on AIG until 2018
Reuters reporter Matthew Goldstein has this breaking story: It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group because of an action taken last year by the…
Links: 2010-01-12
More links are available in the news feed (also available as an RSS feed). Feature Link: A New Tax on Banks and Bankers? – NYTimes.com Simon Johnson, Bert Ely, Judy Samuelson and I each gave our view on a proposed banker tax for the…
Black and the AIG cover-up of the cover-up of the cover-up
I had originally looked to add this video to the last post on Black about the federal reserve. But the video here showing Black speaking to Bloomberg News about the recent AIG scandal and financial regulation deserves a post of its own.…
China takes steps to prevent overheating
China has been very successful in maintaining GDP growth in the midst of one of the worst global downturns on record. In 2009, the concern was how an export collapse would trigger slow growth and unemployment. But as 2010 begins, for…