RJ Eskow: We’ve been saying for years that JPMorgan Chase is fundamentally a criminal enterprise, that “Obama’s favorite banker” Jamie Dimon is a fraud, and that “America’s best bank” is a nest of venality and criminality.
Individuals and Collectives
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Steve Hochstadt: The individualist quest for personal benefit is not in itself admirable. Individualism must be judged by its relation to the collective or it is just selfishness.
Sacramento County’s General Plan, Part Deux
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Mark Dempsey: Besides the history of local development, recent lapses by our politicians, who regularly bow to speculation and greed, don’t exactly inspire confidence. Wall Street speculators absconded with 40% of the world’s wealth, and only Bernie Madoff is in jail.
Spinning the Truth
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Steve Hochstadt: We have learned to expect our political leaders to adopt partisan positions on every possible issue, subordinating facts to ideology, truth to political advantage. We can no longer believe even the basic biographical “facts” that they claim qualify them for office.
Bah Humbug! Holiday Movies So Cute I Could Puke
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I turn on television and the words “John Hughes,” “Chevy Chase,” “Tim Allen” and “Dan Aykroyd” pop up on the screen, my blood runs cold, my temples throb and I switch over to Fat Boy Hackeysack on ESPN2, or faux history shows like Ancestors in the Attic and Ice Road Truckers. I’d rather watch more bad news from Afghanistan on BBC World, or even Céline Dion on Ice.
The Italian Job: Border Police Seize $134 Billion in US Government Securities
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Although the story is being widely reported across Europe and Asia, it’s received scant media coverage in the US. AsiaNews along with other major media outlets outside the US are reporting that Italy’s financial police, the Guardia Italiana di Finanza, seized US government bonds worth $134.5 billion from two Japanese nationals at Chiasso, located less [...]
Madoff, Stanford, Ponzi and the Media
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Few had heard the name Bernard (Bernie) Madoff, as recently as two months ago. An equally small group was familiar with the term “Ponzi Scheme” when the Madoff scandal broke. And now there is the Sir R. Allen Stanford scandal. Now, in this era of keen observance to rules of fiscal prudence where the public [...]
Thoughts on the End of a Hell of a Year
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The biggest thing to happen to me this year was the birth of my first grandchild, a little girl named Ella. I know this kind of thing happens all the time and frankly I get bored with people who go all gushy about the birth of kids or grandkids.
The 10 Worst People Of The Year; Wait, Actually There’s Only One
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by Charley James – I detest the Top 10 lists sprouting up daily: Newspapers, magazines, television, cable, blogs, whatever. One acquaintance in New Mexico sent a mass e-mail to everyone in her Outlook directory asking each of us to submit our own Top 10 list of whatever we want to rank.
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