Oh boo hoo

Cry me a river. Furthermore, do Wall Street firms complaining that compensation ratios are at historically low levels not realize that the problem is with bankers receiving bonus compensation in the first place?

Putting the cart before the horse (manure)

I do not expect Chicago School economists to favorably review the Obama Administration’s economic policy, but to suggest that those economic policies, not only those which have been passed (The American Recovery and Reinvestment Act) but those which have yet to pass or are simply on its wish list are hindering an economic recovery –…

Tweak geeks

Was Best Buy really telling customers that their optimization program would increase processor speeds by 200% for $39.99 as this article claims?  This is an amusing story about the Geek Squad’s abilty to fuck up errr tweak PCs and the performance enhancements that result.  Best to do it yourself I think.

Don’t blame interest rate policy?

Fed Chairman Ben Bernanke gave a speech to the American Economic Association yesterday.  In it, he argued that the Fed’s interest rate policy circa 2003 played virtually no role in the financial crisis and the causes were due to regulatory failures (Speech here) What policy implications should we draw? I noted earlier that the most…

A couple of thoughts…

Brother Mark and I generally tend to agree on most constitutional matters, including his September post .  I may hold a constitutional viewpoint that tends towards a textualist or originalist interpretation but it is senseless to make those arguments when modern constitutional doctrine is anything but.  The ship known as the doctrine of enumerated powers sailed…

More Blawgging

The Legal Theory Blog takes aim at two of the most meaningless, empty and (unfortunately) frequently used terms in conservative political discourse when constitutional law is involved: strict constructionism and judicial activism.

Moody’s the whore…

Here’s an interesting article on the way Moody’s Investor Disservice Service whored itself out to Wall Street and then purged executives and employees who expressed concerns about what the firm was doing. 

on the GDP…

Via Bloomberg: The world’s largest economy expanded at a 3.5 percent pace from July through September, exceeding the median estimate of economists surveyed by Bloomberg News, after shrinking the previous four quarters, figures from the Commerce Department showed today in Washington. Household purchases climbed 3.4 percent, the most in more than two years. Policy makers…

Sounds familiar, no?

I’m referring to the first video clip: “This is one of the troubles that the liberals get into. They become so doctrinaire, so conformist that if you don’t fit their little mold right down to your little pinkies, you’re no liberal and I don’t want to see the conservatives ever get in that fix.” Barry…

Uh…

WTF? All I can say is that I’m with James Joyner on this one.  But his larger point nonetheless has merit.  The mass political debate, as evidenced by the blogs, talk radio, talk TV, townhall meetings, and various other venues certainly seems to be increasingly vitriolic, ill tempered, and divided.  Gone are the days when…

A bloody mess…

For reading up on commercial real estate, Robert Knakal’s blog is one of my favorite sites.  His topics are of interest.  He has good commenters that are knowledgable about the commercial real estate business and his writing is accessible to the layperson.  His latest post is the perfect summary of the significant problem facing commercial real estate properties,…

ACORN is NUTS

Why ACORN filed a lawsuit (complaint here) against Andrew Breitbart and the two conservative filmmakers (James O’ Keefe and Hannah Giles)  who video recorded ACORN employees giving advice as to how to classify underage prostitutes on tax forms (among other egregious acts)  is beyond me.  In an excellent post that everyone should read, Ken at Popehat blows holes through all…

general welfare

I got a bit of a kick reading Ian Millhiser’s Rally ‘Round the True Constitution.  He does a spectacular job of fearmongering by suggesting that “Tenthers”, his derogatory term for conservative politicians who, in opposition to health care reform, cite the Tenth Amendment like it’s going out of style, hold a theory of constitutional law that he considers both radical and dangerous…

Commercial real estate…

…is starting to get some additional attention from within Congress: Impending problems with commercial mortgages are making their way into the public domain and appear to be catching–finally–the attention of Congress. The latest missive comes from Federal Deposit Insurance Corp. chairperson Sheila Blair, who warned in a television interview that commercial real estate loan problems…

Why I won’t dismiss Matt Taibbi…

I want to congratulate Matt Taibbi for his First Amendment Award for Outstanding Journalism: Best Reporter award.   I think that both The Big Takeover and  The Great American Bubble Machine cover territory not ventured into if not ignored entirely by most of the financial media, and it thrills me to see people excoriate CNBC and other…

You’re surprised?

Stacy McCain: With all the humor I could muster, I’ve tried to broker peace. Now, however, the pilots have been scrambled, the jets are fueled and fully armed, and if a stand-down order is not issued soon, I cannot be responsible for the thermonuclear consequences. With all due respect, you did not try to broker…

They’re coming to get you Barbara…

Why is it that when I think of people who still continue to argue that the Community Revinvestment Act (“CRA”) played some role in the financial crisis, I think of zombie movies?  This, however, has a bit of a twist.  Any aficionado of zombie movies knows that when you shoot a zombie in the head, you kill it. …

It’s not enough…

…but a 150-year prison sentence is guaranteed to put Bernie Madoff away for the rest of his life.  Personally, I think he should spend it in the general population wing at Riker’s Island given the number of lives he destroyed, both directly and indirectly.

A Couple of Thoughts On Executive Pay

Via Politico: Treasury Secretary Timothy Geithner said Wednesday that the Obama administration will take several new steps to reform the ways executives are paid on Wall Street — and he argued that pay packages were partly to blame for the epic Wall Street crash of 2008. “There were clearly some areas of compensation that contributed…

Speaking of the DHS memo redux…

Michael Savage has filed a lawsuit against the government claiming that the memo has a chilling effect on free speech (H/T: Dispatches from the Culture Wars).   Regardless of one’s opinion of the content of the memo (I agree with Mark), Savage’s claims are ridiculous at best and given that there is absolutely no case or…