George Washington's blog
PHYSICAL Gold is a Reasonable Investment Right Now
Submitted by George Washington on 04/29/2010 23:14 -0500Gold, now?
Congressman Miller Introduces Bill Breaking Up Big Banks
Submitted by George Washington on 04/29/2010 19:57 -0500"Too Big to Fail is Too Big to Regulate"
No Wonder the Eurozone is Imploding
Submitted by George Washington on 04/28/2010 21:23 -0500European central bankers and politicians have been as dumb as their American counterparts ...
Greek 2 Year Yields 20 Percent, Italy Up 6 Basis Points, Portugal Up 7 Basis Points, Spain Up 27 Basis Points
Submitted by George Washington on 04/28/2010 10:52 -0500Not just Greece ...
Unemployment for Those Who Earn $150,000 or More is Only 3%, While Unemployment for the Poor is 31%
Submitted by George Washington on 04/25/2010 01:27 -0500The poor are suffering Depression-level unemployment, while the well-off aren't feeling a thing ..
Mega-Banks Which Received Bailouts Slashed Lending More, Gave Higher Bonuses, and Reduced Costs Less Than Banks Which Didn't Get Bailed Out
Submitted by George Washington on 04/23/2010 18:38 -0500Yet ANOTHER reason the TBTFs should be broken up ...
No, Canada's Big Banks Don't Justify America's Too Big to Fails
Submitted by George Washington on 04/23/2010 18:37 -0500Derivatives might be useful, but when 5 American banks have most of 'em - and are insisting they not be made transparent - recipe for disaster ...
Economist James Galbraith: Economists Should Move into the Background, and "Criminologists to the Forefront"
Submitted by George Washington on 04/22/2010 19:11 -0500Forget the economists ... call in the criminologists.
Are Interest Rate Derivatives a Ticking Time Bomb?
Submitted by George Washington on 04/22/2010 11:31 -0500Interest rate derivatives certainly help many individual businesses control and hedge their costs.
But when a bunch of individuals all attempt to reduce their risks at the same time in the same way, it can increase the risk to the overall system.
Krugman: Break Up the Giant Banks to Stop Their Domination of the Political Process
Submitted by George Washington on 04/20/2010 17:32 -0500I applaud and welcome Paul Krugman's clarification ...
Dodd Financial Reform Bill: All Holes and No Cheese
Submitted by George Washington on 04/20/2010 11:09 -0500It is NOT a republican versus democratic issue ... It is a reform versus spin issue!
Goldman Cracks
Submitted by George Washington on 04/18/2010 23:01 -0500Before the SEC announced the charges, Goldman seemed unstoppable. It seemed like even countless tons of water pressure or scores of invading armies could not touch Goldman.
Now, there is a crack ...
Even if the timing of the SEC's announcement was wholly political, tons of public pressure and hordes of lawyers are probably on their way.
After Getting Bailed Out By American Taxpayers, General Electric Pays Zero U.S. Taxes, Pretending that All of Its Profits are Overseas
Submitted by George Washington on 04/17/2010 02:39 -0500But they DO provide great comic relief at CNBC ...
Goldman Sacked?
Submitted by George Washington on 04/17/2010 01:00 -0500Is someone finally standing up to the vampire squids of the world?
Or is this yet another p.r. stunt, where deals will be cut, a few low-level patsies will be convicted, and business as usual will continue?
Only time will tell ...
Yet Another Reason To Break Up The Big Banks
Submitted by George Washington on 04/15/2010 12:48 -0500Derivatives will remain a murky swamp unless we break up the too big to fails ...
