More Votes Bought
My previous post was about the influence of money on politics. This is along the same lines but is a case of Democrats customizing the tax code to benefit their union base. Senate Finance Committee Chairman Max Baucus has been advocating taxing our health plans in order to pay for universal health care, or at [...]
New Blog Launched – Elect Chris Dodd
If I posted here every time I read something about Senator Dodd that ticked me off this blog would become all Dodd all the time. I didn’t want that. So I decided to publish another site that would be all Dodd all the time. So without further ado I’m proud to announce Elect Chris Dodd. [...]
Boiling Blood
I came across two stories in recent days that make my blood boil. One even used the term. The first was from the Planet Money blog and pointed me to Joe Nocera’s NY Times column. He talks about the AIG mess and how the company has to be kept alive: And yet — and this [...]
Citigroup Survives Management Failure
The New York Times is reporting that the government has approved a plan to “stabilize” Citigroup. MarketWatch also has some details. The plan includes a $20 billion cash injection via preferred stock with an 8% dividend. The government also gets to approve executive compensation, but I repeat, how do these folks deserve anything other than [...]
Is This What Ironic Means?
Freddie Mac and Fannie Mae have bid to manage the toxic home loans that the Treasury will buy in its bailout program. James Lockhart, the chief regulator for the companies said: They … have some skills in this area… via Planet Money
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