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avivajazz  jazzaviva

Pigs at the Trough: How Corporate Greed and Political Corruption Are Undermining America - 0 views

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    CEOs and others at the top of the corporate ladder engaging in rampant-though often legal-corruption to improve the bottom line and line their own pockets. They gamble with relative abandon on the chance for that "one big one," that "perfect kill." Unfortunately, they're gambling with your money and mine -- without our knowledge or permission.
avivajazz  jazzaviva

Senator Levin: "Your Clients Lost. Goldman Profits" | Kris Broughton | Big Think - 0 views

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    I was tooling around the internet for awhile yesterday, looking for a transcript of the Congressional hearings that featured Goldman Sachs executives and traders as the star witnesses, before I realized that nowhere in print was there any real sense of what had gone on. Congressional hearings may have been effective at some point in the past, but these days, the witnesses are usually far too polished and used to dissembling for hours at a time to be of any real value, and the senators and congressmen who are asking the questions are usually too polite to do more than ask questions of little or no value. Senator Carl Levin tried to deviate from that formula on Tuesday. He was harsh, unyielding and relentless. "Your clients lost. Goldman profits" rang out several times during his opening address. But Senator Levin didn't have enough of an understanding of the business to really pin back the ears of any of the witnesses, including Lloyd Blankfein, Goldman Sachs chairman. I couldn't figure out for the life of me why his staffers didn't line up a few disgruntled traders and insiders to give the senator a three or four day crash course on the business. His gambling analogies were something that might appeal to my grandmother, who puts gambling of any kind up there with the cardinal sins, but missed the mark when it came to characterizing Wall Street's shenanigans.
avivajazz  jazzaviva

BP And Goldman Sachs: Gambling With Your Money | Media Matters Action Network - 0 views

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    "Both companies gambled, both companies lost, and both companies expect the taxpayer to clean up their mess."
avivajazz  jazzaviva

How the Democratic Party Works, and Doesn't Work | Not a Sentimental Piece | Open Left - 0 views

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    The reason why Democrats so often ignore and betray progressives is that we haven't given them incentives not to. Money, votes, and publicity are what count, and so far progressives have not leveraged these incentives effectively. Also, Democrats really need some leaders who are functional in the worlds of bluffing, bargaining, gambling, and fighting.
avivajazz  jazzaviva

t r u t h o u t | Slick Operator: The BP I've Known Too Well - 0 views

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    Americans want government off our backs ... that is, until a folding crib crushes the skull of our baby, Toyota accelerators speed us to our death, banks blow our savings on gambling sprees and crude oil smothers the Mississippi. Then, suddenly, it's, "Where was hell was the government? Why didn't the government do something to stop it?"
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