Warner: Senate could vote to reinstate Glass-Steagall The Hill By Michael O’Brien 05/01/10 Senators could approve an amendment to reestablish the separation between banks’ commercial and investment operations, Sen. Mark Warner [D-VA] suggested. Warner, a member of the Senate Banking Committee who’s been closely involved in negotiations over a Wall Street reform bill, said that […]
Buffett Backs Goldman Sachs on Abacus Trade, Praises Blankfein Bloomberg By Andrew Frye and Betty Liu May 02, 2010 Berkshire Hathaway Inc.’s Warren Buffett praised Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein and said the bank shouldn’t be blamed for losses suffered by clients who invested in mortgage bets at the center of […]
The Legion of Christ is a really big problem for the Catholic Church [see from vows of silence comes a great noise…]. Recently, the members of the Vatican Investigation reported their findings to the Pope, and he did something about it today: Pope Reins In Catholic Order Tied to Abuse New York Times By RACHEL […]
Big Money: Debunking the myth of the sophisticated investor’ Washington Post By Heidi Moore May 2, 2010 … Let’s examine what happened with Goldman and Paulson. Goldman Sachs stands accused, in part, of giving favored financial treatment to Paulson’s firm, allowing him to advise on the creation of a security, Abacus, that he wanted to […]
Have Conservatives Gone Mad? The Atlantic by Marc Ambinder Apr 23 2010 Serious thinkers on the right have finally gotten around to a full and open debate on the epistemic closure problem that’s plaguing the conservative movement. The issue, to put it in terms that even I can understand, because I didn’t study philosophy much […]