Author: BooMan

Open Thread

This ought to be a bit dicey: Over objections from the U.S. intelligence community, the White House is moving to declassify—and publicly release—three internal memos that will lay out, for the first time, details of the...

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Wanker of the Day: Kent Conrad

Or, should I say, wimp of the day? Sen. Kent Conrad (D-N.D.), chairman of the Senate Budget Committee, said on Sunday that he would not support using budget rules that require a simple majority to pass major changes to...

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Serious Question

So, as you surf the intertubes trying to make sense of the financial crisis and the administration’s response to it, who are the sources that make the most sense to you, or who does the best job of describing what’s...

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Goldman Sachs and AIG

As Matt Taibbi explains in his excellent Rolling Stone piece on AIG: In theory, at least, there’s nothing wrong with buying a CDS [Credit Default Swap] to insure your investments. Investors paid a premium to AIGFP, and in...

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Obama To Go After Executive Pay

I’m just guessing, but I think this story is going to get a lot more favorable treatment in Left Blogistan than the toxic assets plan received yesterday. The Obama administration will call for increased oversight of...

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