Carl Bloice: If the whole, hardly-nail-biting business accomplished nothing else it momentarily diverted attention away from the big budget fight coming up, the one that will probably shape the country’s economic and social reality for decades to come.
Joseph Palermo: The massive trading and swapping of Collateralized Debt Obligations (CDOs) and other abstractions cooked up by the fertile minds of sociopathic Wall Street “traders” not only did nothing to lubricate the real economy through financial intermediation, but they helped bring down the entire system and cost taxpayers hundreds of billions of dollars.
Joseph Palermo: Peter Baker’s profile of White House Chief of Staff Rahm Emanuel in the New York Times Magazine raises some interesting questions about President Barack Obama’s top aide. For Emanuel, it seems that all politics are electoral politics. He wouldn’t know a social movement if he saw one.