Barney Frank

How To Survive The Winter

"...this is a gigantic problem that won't magically go away... the Potemkin village of inflated stock and real estate prices cannot continue indefinitely."

Government By Goldman

"...now Cohn’s in charge of the economy and talking about eliminating financial reform and basically putting the country back to where it was in 2005, as if 2008 didn’t happen. I’ve started the countdown clock to the next financial crash, which will make the last one look mild."

How To Make The Financial System Radically Safer

The best way to regulate banks is to turn over regulatory control to the very exacting, and unsympathetic, order of the market. That is to have little to no regulations and one very specific and uncompromising provision: "There will be absolutely, unconditionally, categorically, no government funded bailouts."

The Absurdity Of Political Correctness Has Reached New Heights

...some bureaucrats in New York City think that it is sexual harassment for a professor to base grades in part on effort and classroom behavior. It appears that the bureaucrats decided that “effort” could be interpreted as an invitation for female students to trade sex for higher grades.

Why The Fed Destroyed The Market Economy

But after 100-years of mismanagement, the last eight being in the radically extreme, the Fed has scored a big fat rotten tomato.  The data still stinks – GDP’s still anemic.  But the downside of their actions is downright putrid.

Politicians Admit The System Is Corrupt; Controlled By Special Interests

Politicians are all corrupt; those few who do initially join to "help the people" either soon get corrupted, or are mulched out of the system. None are more corrupt than those who are at the very top of American politics; the so-called "survivors." Some politicians made the mistake of admitting their own wrong-doings, and others have "whistleblow"-ed on the corrupt nature of American politics.

In NYT Op-Ed, Hillary Lays Out How She'd "Rein In Wall Street" (And No, Not By Demanding Even More Donations)

Overnight Hillary Clinton, in her latest populist push to present herself as "one of the people" wrote a NYT op-ed explaining "How I'd Rein In Wall Street", we were wondering if it would include draining Wall Street balance sheets with mandatory and far greater donations to her campaign by Wall Street firms - a strategy that may actually work as it hits banks where it hurts the most: their money. To our disappointment, this was not included.

Frontrunning: August 31

  • Hilsenrath: Fed Appears to Hold Line on Rate Plan (WSJ)
  • Europe, Asia stocks set for worst monthly drop in three years on China, Fed (Reuters)
  • Beijing abandons large-scale share purchases (FT), if only for a few hours
  • China’s Next Problem: Paying for Its Stock-Market Bailout (WSJ)
  • Crises Put First Dents in Xi Jinping’s Power (WSJ)
  • Man Group’s China Chief Said to Assist Police in Probe (BBG)