American in Paris

The Truth About Goldman and AIG Becomes Clearer

You babbling ...

AIG is private. Clinton didn't appoint any body ...


On Dec 13 12:00 PM Geezer Bela in Exile wrote:

> Investigate Goldman-SUX and AIG? It will not happen. One Goldman
> executive collected for the Obama campaign and in an article, a new
> appointee wrote that he was told that if he wanted to work there,
> he had to contribute. AIG was already investigated and its Clinton-appointed
> execs had cooked the books. The Black Caucus ran to their defense.
> Their speeches are on YouTube.
>
> What we need is not more ethics reform but more enforcement. But
> first, we need an impartial Media that will not cover up for perps,
> because they are Democrats. Republican crooks are exposed with fair
> regularity, but Democrats are allowed to slide.
>
> I favor laissez faire economics. Just so everyone knows where I am
> coming from: laissez faire does not mean let them steal, cheat and
> do fraud. The one party control of the Media is the weak link in
> our system.
>
> The attitude of bankers remind me of Sarah Palin's book: Going Rogue.
> She describes how the oil companies in Alaska came to believe that
> doing business meant that they would get their way every time. When
> her administration finished cleaning house, the oil industry came
> to see that the idea of doing business ethically was in fact in their
> interest. That is not the way the Obama regime works. These folks
> want to control the banking industry, not reform it. That leads to
> corruption and inefficiency. It's like Sparta and Athens all over
> again. Sparta concuered Athens. But, the Spartan generals became
> corrupted and Sparta's unique strength (based in its fascist sytem)
> began to wane. Between the lure of their radical ideology and the
> corrupting influence of big money, I BET ON BIG MONEY. The Obama
> regime has already been corrupted.

The Truth About Goldman and AIG Becomes Clearer

It would be better to break up Goldman Sachs.

You obviously work for them.

I have never seen a group of morally impaired gangsters in good suits ....


On Dec 13 08:35 AM jmann83 wrote:

> If Goldman has such an unfair advantage and will always come out
> on top, why don't their critics just buy their stock GS as that's
> how the top 30 executives are being compensated, it's the old saying
> ''if you can't beat them, join them'' so buy some GS stock and shut
> the hell up.

Krugman, Don't Throw the Baby Out with the Bathwater Just Yet

That is nonsense. Sweden nationalized its largest banks and then later privatised them. It worked very well.


On Mar 27 08:55 AM atavist.avatar wrote:

> Krugman is flat out wrong because he is shortsighted in his assessment
> of the consequences. Consider what happened when Lehman failed and
> ask what will happen if the USG nationalizes the banks - mass arteriosclerosis
> in the financial system would result. And the impact of that on
> the economy would be disastrous.

The Bane of Broken Balance Sheets

The easiest to make the Federal deficit worst would be to restrain spending. The economy would experience a more severe recession causing bigger deficits.

It is time to jettison the fiscal prudence religion. In a severe recession like this fiscal prodence is self defeating.

Also the claim that monetary policy is responsible for the asset inflation does not stand up to real structiny. Some Euro countries experienced huge real estate bubbles, other did not. Yet those countries had identical monetary policies.

Why Bailouts Are Not the Answer

Peter reminds of those conservatives who during the early stages of the Great Depression worried about inflation! Between Peter and Reality lies the Veil of Ideology ....