Monthly Archives: February 2009
The Swedish Solution (or not)
When talking about nationalizing banks Sweden is often mentioned as a model for success. The problem is, this isn’t exactly true. Planet Money talked to the vice chairman of the Swedish Central Bank. The high points:
1. Sweden had only 4 to 6 big banks (big relative to their economy)
2. The government owned 80% of one [...]
Investors Lose – Politicians Win
The Connecticut Post reports that Senator Dodd received $27,500 in campaign contributions from the Stanford Financial Group which was recently accused of ripping off investors to the tune of $8 Billion.
Of course, Stanford made sure to spread the money around so Dodd can hardly be singled out. But, since he’s my Senator (well, not “my” [...]
Chris Dodd To Write Book?
There’s been reports that Senator Dodd might write a book about the financial crisis. An insider’s guide? A tell-all? Sure, someone says he plans to donate the proceeds to charity. Even if that’s true it’s not without benefit to him. He gets to put a spin on his contributions to the meltdown while on Senate [...]
Great Theater
I know politicians usually have an agenda for everything they do and that agenda may not match their words. But still, this is great and if I could I’d vote for Rep. Ackerman.
via
Senator Dodd Disappoints
That’s according to the Hartford Courant editorial page. At least one paper understands that the Senator’s recent dog and pony show doesn’t prove he didn’t get favorable treatment from a company he regulated at the time that company was doing the type of business that greatly contributed to our current financial mess.
As the Courant editoral [...]
Memo To Senator Dodd – Please Shut Up