It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
Frontline did a documentary on all of the sleazy backroom deals done to pass Obama's Health Care bill.
The White House encouraged Baucus to quietly negotiate deals with the insurance lobby, drug companies and other special interest groups, despite promises to run a different kind of White House.
A Senate hearing on the credit rating agencies, Wall Street and the Financial Crisis: The Role of Credit Rating Agencies, exposed Moody's and Standard & Poors for being complicit in fictional credit ratings. Market share, or who pays the ratings agencies, was more important than objectivity. AAA credit ratings were slapped on a host of Credit Default Obligations, enabling Banksters to peddle their worthless crud to unsuspecting investors, all the while betting against them (see here also).
William Black, former S&L crisis regulator, is referencing the Flim-Flam man, never ending scam, coming out over the Financial collapse. The entire financial meltdown didn't need to happen if our government and regulators and especially the Federal Reserve had been doing their jobs. He calls the SEC criminally negligent. The below video clip is from the Lehman Brothers hearing in the House Financial Services Committee yesterday. The hearing is specifically the Lehman Brothers Holdings, Inc. bankruptcy examiner's report.
As what happens in our Congress, things change, get confusing and obscured. Last we left off on Financial reform, we noted the Dodd bill was a Dud and things have degenerated into political circus.
Now, Senator Lincoln has introduced a new bill which will be voted on in the The Senate agriculture committee. The current guesses are it will be voted out of committee and onto the Senate floor by April 26th. Here is the actual bill text and here is her press release:
The Wall Street Transparency and Accountability Act of 2010
Senate Committee on Agriculture, Nutrition, and Forestry, Chairman Blanche Lincoln
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did. This week has damning posts on tax avoidance through offshore outsourcing.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
Tonight's documentary is a 3 part film by BBC's Evan Davis, The City Uncovered, which explores the roots of the financial crisis, U.K. style. Davis goes into hedge funds, risk management & derivatives. He also describes how prices (who sets the prices?) operate in the global financial system.
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read Post #1
The Atlanta Fed blog looked deeper into the inventory question after wholesale inventories came up plus the fact most of Q4 2009 GDP was inventories.
A new Congressional Oversight Panel report states what we and others have been writing for months, the Treasury's HAMP program to keep people out of foreclosures isn't working.
The crisis is not yet showing signs of abating. - Elizabeth Warren
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
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