john s. gordon

Vermont Sen. Bernie Sanders introduces legislation that would give Treasury Sec. Timothy Geithner 90 days to compile a list of banks, funds and insurers deemed too big to fail, and then break them up within a year.

growing our own vegetables is a wonderful idea.
ripe tomatos fresh off the vine are best, unlike the styrofoam imitations that the big grocery chains offer.
mr. sanders (who i am told is not a native vermonter but is a carpetbagger from some other state) at least has his head screwed on right.
i am not a native vermonter either but my grandmother was born & raised in orwell & is buried there bless her heart.
the reason there is so little governmental corruption in vermont is there isn't very much loose money lying around, the thieves go after the easy pickins on wall st.
> jack

Consumer Credit Decline Continues

berated -

saving:
damned if you do,
damned if you don't.
> jack

Roubini: Commodities Due for a Correction

commodity futures prices will continue to grow as long as china continues to gobble up supplies for stockpile, using u.s dollars of which the have ample.
remember the planning horizon for the beijing central planners is 50 yrs. in the u.s.a our planning horizon is no longer than the next election, 12 months @ the most.
> jack

Wholesale Power: A Smart Alternative to Regulated Utilities

NRG benefits from modern low-heat-rate (higher thermal efficiency) plants compared to some of the pre-1950 dinosaurs that are still operating in various parts of the country.
since we don't know for sure what the impact of the various schemes for capntrade or carbon tax will be, we will have to keep an eye on this one.
> jack

Oversupply Issues Plague Solar Manufacturers

well we can't manufacture anything without losing money.
the installation jobs last a few days & then that's done.
maintenance jobs might pick up some of the slack for a while, if the stuff is cheaply made & breaks often enough.
in autos, we have local-content requirements which help preserve some of our industrial base (like rubber hoses & hose clamps).
should we have local content requirements in solar too?
> jack

The Prudent Banker-Self Regulation Myth Lives On

clive - i agree, break em up into chunks that are capable of being managed. we have had too much out-of-control with masters of the universe lining their pockets with loot.
it is ironic that there is a move afoot in the u.s congress today (11/06/09) to emasculate sarbox right @ the time that we need it the most.
> jack

Russians helping build Iranian Nukes

freya -

in 1945 after 4 yrs of total mobilization (something even hitler didn't do to germany, remembering the communist revolutions of 1918) the u.s voting public was in no mood for another war. lots of isolationist sentiment left over from 1939.

in england @ that time winston advocated preventive was against uncle joe immediately, the voters turned him out of office.
> jack

U.S. Government Patching the Barn Door Instead of Catching the Escaped Horses

sorry i meant to type TBTF's.
> jack

Charlie Gasparino: Another Crash 'Has to Happen Again'

charlie is spot on.
the rating agencies are public enemy #1.
phil gramm is public enemy #1.
any more on the list?
> jack

Does Anyone Actually Believe in Market Efficiency?

here we have the "lake wobegon hypothesis":
'80% of all active managers are above average'/
arbitrage to be successful depends on market inefficiency.
therefore he who controls information controls the world.
> jack

Treasury’s Handling of the Crisis: Did It Accomplish Its Goals?

afraid you're right.
pitfalls remain.
banking system remains unrepentant, and will do it again.
> jack

U.S. Government Patching the Barn Door Instead of Catching the Escaped Horses

washington you are so right.
TBIF's have not only warped the economy but through their pervasive influence and limitless campaign contributions they have corrupted the government.
> jack

Financial Regulation: How Would You Have It Work?

'closing the loopholes'.
full speed ahead please.
although the banksters are very proficient at inventing new loopholes.
eternal vigilance is the price of financial stability.
> jack

Washington Should Let Credit Card Issuers Do Their Job

'let credit card corporations do their job' means let them charge everybody 29%.
> jack

Goldman Sachs Is Printing Money

information asymmetry -

GS gets the inside poop from their agents in the federal govt @ 5pm and starts trading on it right way, the rest of the world finds out @ 930 the next morning.
insider trading always makes money except when somebody blows the whistle & somebody goes to jail.
> jack