What is becoming increasingly apparent and broadcasted ever more widely across all media is that the culture at the top tier US banks, hedge funds, and financial firms is an anything goes, casino gambling culture. $50B fraudster Bernie Madoff was not an isolated aberration but symptomatic of Wall Street’s greedy gambling addiction. Just one example, […]
Wall Street’s Made-off with the Money Culture Read More »
If Gizmodo and Wired are to be believed, Apple is leading the way to a new computing paradigm – lite, bright, easy to setup and use, long battery lifed computing and communication devices. Call it the Mobile Lineup made up of iPod, iPad, and iPhone currently. But Apple has is taking a risky road because
Apple Has Mobile Monopoly Momentum Read More »
Frank Rich of the NYTimes provides another update to this article in his opinion piece “After the Massachusetts Massacre”. Rich argues that the problem for President Obama has been that he failed to make jobs and financial regulation top priorities. Here is the core of what he had to say: Obama’s plight has been unchanged
Update:Finance and Economics -The Obama Achilles Heel Read More »
Conservative pundit George Will is consistently arguing in favor the myth of markets being efficient and self-correcting. Greed is a good thing because those who are too greedy will “eventually” get their come-uppance in efficient, free markets – just like monopolists will finally fail if they don’t meet their customers needs. The only thing preventing
The Supremes Vote for a Bautocracy=Bought Political Power Read More »
The Obama administration just got its wake up call. All this past weekend the various news programs were grading Obama over the past year’s presidency. If you were Democratic the grades were close to Barack’s own, a B+ average. If you were Republican, the grades were draconian – D or worse. If you were Rush,
Massachussetts Wake-up Call Read More »
Watching the Congressional Financial Crisis Commission hearing under Congressman Peter Angelides the past two days has been as enthralling as watching screeching chalk writing on a blackboard. It is so discordant. This is Kabuki Theater where all the players know their roles and the only question is who will break form or slip up. The
Wall Street Banksters Disqualify Themselves Deliberately Read More »
Given the report from the Wall Street Journal that the banks are bonusing themselves this year at $140 Billion more than 2007’s $130 Billion despite a)still being dependent on bailout money and deficit causing extremely low Fed funds interest rates; b)having lightened their staff employment by 10-30% surviving staff are getting monster bonuses; and c)yet
Capital Disaffection Read More »
The question confronting the Obama administration, Treasury Secretary Tim Geithner, and its financial regulators is whether too much of the Financial Community has gone over to the Dark Side. This notion has two possible interpretations. Information Dark Side – The first idea posits that financial institutions have now become dependent on having corners on the
Has Too Much of the Financial Community Gone Over to the Dark Side ? Read More »
We need Wall Street greed control. Why greed control ? Time after time reporters of the financial scene are telling us that unbridled greed spurred otherwise rational bankers and other financial executives to make the stupid bets that has caused the mortgage meltdown and spread a recession throughout the world while many people in developed country’s around the world
Six Sigma Compensation Read More »
Some people ask why has free Open Source software got such a broad foothold in so many markets? Because at the price of free its protected against “cut off the oxygen” zero pricing tactics by Microsoft, Oracle and other major software players while providing the decided competitive advantage of allowing customers to see and fix
Rest of the Story 3: Somali Pirates and The Economist Read More »
