September 2008
5 posts
Just so we're clear: CXO pay is STILL a problem
Lost in the news of WaMu’s collapse is this piece:
But the seizure and the deal with JPMorgan came as a shock to Washington Mutual’s board, which was kept completely in the dark: the company’s new chief executive, Alan H. Fishman, was in midair, flying from New York to Seattle at the time the deal was finally brokered, according to people briefed on the situation. Mr. Fishman, who has been...
“For years now, they’ve told us that we can’t afford—that the government...”
– Sen. Bernie Sanders on Democracy Now! (via glueslabs) (via toldorknown) (via tedr) (via rafer) (via bijan)
“This is when I realized how trained I was in the processes at my former...”
– Behind the scenes: Getting Real with free Campfire accounts
2 tags
Obama's Economics and his background from The...
The Libertarian Case For Obama:
3. One word: Osmosis. You couldn’t live in Hyde Park or teach at the University of Chicago with the intellectual curiosity of a Barack Obama without gaining at least some understanding of libertarian economics. That can’t be said for most of the reactionary left-liberal wing of the Democratic Party dominating Capitol Hill. But I believe Obama is...
1 tag
On the Fed's role, transparency, and risk
I’ll make it clear immediately: I think the Fed bailing out failed companies is a bad idea. It’s clear to me that until there is a real relationship between risk, reward, and failure, we’ll go nowhere fast.
If I’m a financial company, I know that I can risk it all for huge reward (big upside), and get bailed out if I fail (no downside), I’m certainly...