Politics

Below is the latest Bloomberg News video on the Geithner-AIG cover-up. Congressman Darrell Issa (R-CA), who learned by investigation that the NY Fed asked AIG to withhold information about payment to its counterparties, is now asking…

This is a post which originally appeared at New Deal 2.0 by Randall Wray on why President Obama needs a new economic team, starting with Tim Geithner. L. Randall Wray, Ph.D. is Professor of Economics at the University of Missouri-Kansas…

Reading the news today, I came across an NPR article that I believe captured the political mood in the U.S. rather well.  While the stress of the article is on disillusionment from Obama’s base of supporters, I believe much the same…

The White House Stands Behind Geithner, Says Tim Was Not Involved In AIG Email Fiasco is the headline of a recent post at Zero Hedge. Barack Obama is standing behind Tim Geithner. I remain unconvinced. This is the second time Secretary…

Bond king Bill Gross has gone populist. He starts his latest monthly investment outlook with an indictment of capitalism as practiced today in the United States that is a frontal assault on the corruption we are witnessing in Washington. As…

In handwriting: Note that there should be no discussion or suggestion that AIG and the NY Fed are asking to structure anything else at this point. It will be enlightening to hear him explain what this statement means. See…

Damaging e-mails have revealed that Treasury Secretary Timothy Geithner urged AIG to withhold crucial information about the deterioration of its financial condition in the lead up to its demise.  This will put further political…

For those of you who want specifics. Kleptocracy as defined in Wikipedia: Kleptocracy, alternatively cleptocracy or kleptarchy, from Greek kleptes (thieve) and kratos (rule), is a term applied to a government that takes advantage of…

I want to talk about the drubbing the Democrats are going to take in this year’s elections and what it means, if anything.  As a sort of pre-amble, I will lead into this with some thoughts on tax cut propaganda and today’s piece by the…

I wrote a post earlier today on kleptocracy and the one-party system of government that I thought was pretty explicit.  But, judging from the comments, particularly at Naked capitalism, apparently I have to spell it out – tell readers…