Matt Taibbi nails it over at Rolling Stone:: The best way to understand the financial crisis is to understand the meltdown at AIG. AIG is what happens when short, bald managers of otherwise boring financial bureaucracies start seeing Brad Pitt in the mirror. This is a company that built a giant fortune across more than a century by betting on …
Spent all your munny, yet? Did you burn through your extra cash on the holidays War on Christmas? That triple-bypass you need? The mortgage meltdown? Gas? Groceries? Well then, you needs you some Bush Bucks®.
Damn! It’s getting harder and harder to write satire these days when Insane McCain seems so intent on pushing the envelope of self-parody. Too bad SNL doesn’t have a male version of Tina Fey to play the guy. Their scriptwriters could take the day off, and just let the script editor insert his own words. From Politico: McCain takes credit …
You ASSHOLES may run but you can’t hide This bailout’s mission is to protect the OBSCENE amount of wealth that has been accumulated in the last eight years. It’s to protect the top shareholders who own and control corporate America. It’s to make sure their yachts and mansions and “way of life” go uninterrupted while the rest of America suffers …
The way to feed rabbits is to feed hay to horses. A lovely little adage better known as trickle down economics. Unfortunately, it also describes even the modified bailout plan promoted by congressional Democrats, a plan that has no guarantee of ever working nor limits on the eventual cost. Instead of a top down approach, a bottom up strategy that …
Wall Street Closing In On $700 Billion Bailout Booty Inspired by the scene from the movie Blazing Saddles where the Johnson brothers point their guns at the black Sherriff Bart, who then holds his gun up to his own head and threatens ”Hold it! Next man makes a move, the nigger gets it, ” former Goldman Sachs CEO Henry Paulson …
