This will surprise no one: In many ways, however, Mr. Madoff seemed unchanged. He spoke with great intensity and fluency about his dealings with various banks and hedge funds, pointing to their “willful blindness” and their failure to examine discrepancies between his regulatory filings and other information available to them. “They had to know,” Mr. …
C.R.E.A.M.
Open Thread: We’re Doomed
(Tim Eagan’s website) __ Can’t embed it, but it’s well worth listening to Jeffrey Sachs ask the Bloomberg kiddies “Do we really have to have our own Egypt, right here in the U.S.?” (h/t Washington Monthly, via commentor Oscarbob) __ Which leaves only the homely consolations of bad music and worse animation:
The investor class
Felix Salmon has a fascinating piece about the decline of publicly traded stocks: [T]he Germans aren’t buying the New York Stock Exchange for its commoditized, highly competitive and ultra-low-margin stock business, but rather for its lucrative derivatives operations. The stock market is still huge, of course: the companies listed on American exchanges are valued at …
You Aren’t Paranoid, They are Out to Get You!
This is both irritating and sad at the same time: Now aside from the predictable, but nevertheless rather shocking detail, that these security firms believed the best way to take WikiLeaks out was to push Glenn to stop supporting them, what the fuck are they thinking by claiming that Glenn weighs “professional preservation” against “cause”? …
You Aren’t Paranoid, They are Out to Get You!Post + Comments (322)
Things done changed
A fascinating tidbit from Harry’s Music: Back in December of last year, the auction house Sotheby’s sold Bob Dylan’s original handwritten lyrics for The Times They Are A-Changin’ to a hedge fund manager for $422,500 (full story here).
Christine O’Donnell: S.C.R.E.A.M. (Socialist Cash Rules Everything Around Me)
The only happy trail she’s concerned about is the money trail OMG, you guyz!! The Virgin Saint of Financial Mismanagement is going to investigate leftist socialistlibrulists groups because GEORGE SOROS and JEWS, that’s why: Failed GOP Senate candidate Christine O’Donnell is back, and she’s telling supporters she wants her newly formed political action committee ChristinePAC …
Christine O’Donnell: S.C.R.E.A.M. (Socialist Cash Rules Everything Around Me)Post + Comments (56)
Late Night Open Thread: Winning the Evening
Via Dave Weigel at Slate, Michael Kinsley at… Politico: Determined to be the website with the most and fastest coverage of presidential politics and in responding to reports, such as one in The New York Times on Sunday that said the 2012 election may be the most over-covered presidential contest yet, POLITICO announced that it …
Late Night Open Thread: Winning the EveningPost + Comments (47)