Author: rootless2

Texas Insurrectionary Governor Rick Perrysupported rebellion against the duly elected US government today in the name of a small government Republicanism that he apparently managed to hide during the term of office of George W....

In a previous note I unfairly sneered that Left Blogistan’s Progressive Intellectuals had failed to come up with a progressive plan for bank reform. But, be still my  heart, OpenLeft and Jane and others have produced...

The very question of “trusting” the President illustrates the childish and shallow nature of the supposed “progressive” blogs. The Presidency is not a “reality TV” show or WWWF contest. The...

Via TPM http://www.ritholtz.com/blog/2009/04/aig-before-cds-there-was-reinsurance/ Short sell Berkshire Hathaway.

In the 1940s, the physicists created hydrogen bombs. Since that did not destroy the world, they eventually migrated into finance, where they created risk and valuation models which have now broken the world economy. Before they...