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kkennedy : corruption   28

The National Interest - The Last Temptation of Risk
FTA: 'The Great Credit Crisis has cast into doubt much of what we thought we knew about economics. ... The question is how we could have been so misguided. One interpretation, understandably popular given our current plight, is that the basic economic theory informing the actions of central bankers and regulators was fatally flawed. The only course left is to throw it out and start over. But another view, considerably closer to the truth, is that the problem lay not so much with the poverty of the underlying theory as with selective reading of it—a selective reading shaped by the social milieu.
economics  finance  corruption  risk 
may 2009 by kkennedy
Lawmaker Is Said to Have Agreed to Aid Lobbyists
Ha! At least she may have been telling the truth about not talking to the DOJ: '...someone seeking help for [AIPAC] employees was recorded asking Ms. Harman to intervene with the Justice Department, but that she responded by saying she would have more influence with a White House official she did not identify.'
politics  corruption 
april 2009 by kkennedy
Robert Reich's Blog: Will Geithner Fire Corporate America?
FTA: 'I suppose it's comforting to know our government stands ready to fire corporate executives and directors whenever taxpayer money is on the line. But I suspect Geithner's new tough line is mostly designed to reassure a public that's lost all faith in the wisdom of bailing out Wall Street. For the sake of the argument, assume he's sincere. What criterion will an axe-wielding Geithner be using?' -- Boy, what a mess.
2008crash  corruption  bailout  economy 
april 2009 by kkennedy
The Fair Elections Now Act - Common Cause
FTA: 'Under the Fair Elections Now Act, federal candidates would run for office without relying on large contributions, big money bundlers, or donations from lobbyists, and would be freed from the constant fundraising in order to focus on what people in their communities want.'
elections  government  finance  corruption 
april 2009 by kkennedy
The Big Takeover : Rolling Stone
Well done! This is the kind of article that I not only like to see, but I'd love BOTH sides to respond to, with meaningful analysis (including citations). FTA: 'The best way to understand the financial crisis is to understand the meltdown at AIG. AIG is what happens when short, bald managers of otherwise boring financial bureaucracies start seeing Brad Pitt in the mirror.'
politics  economics  corruption  economy  2008crash  bailout  culture  finance  government 
march 2009 by kkennedy
LittleSis: Profiling the powers that be.
LittleSis is an endeavor to take all the great power structure research already being done, organize it, clarify it, and connect it so that grassroots efforts that challenge the powers that be will have a big and detailed map of the terrain they must navigate, and proper tools for adding to it as they move forward.
politics  corruption 
january 2009 by kkennedy
If criminal penalties are removed, what will deter lawbreaking by political officials? - Glenn Greenwald - Salon.com
FTA: "If someone wants to argue that America is too good and our Washington elite too important to allow our powerful political leaders to be subjected to the indignity of a criminal proceeding, let alone prison, they should argue that. As warped as that idea is, at least it's candid and coherent. It's the actual animating principle driving most of this."
corruption  torture  bush  gwot 
december 2008 by kkennedy
Questions Are Raised in Trader’s Massive Fraud
A $50 billion Ponzi scheme by Bernard Madoff...wow. I hope no one I know is caught in this. And the duration of the fraud appears to have been helped by a notable lack of transparency, based on how he structured his firm. Fancy that.
finance  corruption  nyt 
december 2008 by kkennedy
The Crisis & What to Do About It - George Soros
FTA:'The salient feature of the current financial crisis is that it was not caused by some external shock like OPEC raising the price of oil or a particular country or financial institution defaulting. The crisis was generated by the financial system itself. This fact—that the defect was inherent in the system —contradicts the prevailing theory, which holds that financial markets tend toward equilibrium and that deviations from the equilibrium either occur in a random manner or are caused by some sudden external event to which markets have difficulty adjusting. The severity and amplitude of the crisis provides convincing evidence that there is something fundamentally wrong with this prevailing theory and with the approach to market regulation that has gone with it.'
economics  corruption  risk  finance  economy 
november 2008 by kkennedy

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