financial fiascoes

Payback on the Front Burner

Worldwide Inequality Becomes More Pronounced Both Wealth and Income continue to skew in favor of privileged 1% as seen in these reports and charts: First there is the trend of income inequlity shows three disturbing trends: First, the top 10% of the population continues to increase its disproportionate percentage of  National Income giving substance to …

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Its The Economy By The Stupidly Greedy

Make America Great Again has a half-life of about 1-2 years at most. Then disastrous economic decision making will have the  Political Fiddler on the Roof calling the End Tune. And nowhere has this become more obvious in the cobbled together, greed and revenge ridden “GOP Tax Plan”. The “Plan” is in quotes because  it …

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Hiding In Plain Sight Behind Barack Obama

Frank Bruni at the NYTimes raised 5 questions about telling  issues  in the  Hillary Clinton and Bernie Sanders debate in Brooklyn last night. As the GOP is hacking itself apart in a grisly dismemberment over who controls the perverse loyalties of its Base, Bruni notes  that the Democrats face fundamental schisms of their own. Specifically,  Bruni cites the major …

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Political Protection Money Thrives on the Street

Protection money is everywhere in society – but nowhere greater than in the relationship of Wall Street and Washington. And it all has to do with “asymmetrical payments”. For Wall Street bankers and investment houses, being able to dictate the Rule of Financial Law is priceless. Thus, just six large Wall Street banks are willing …

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The Real Obama Flaw: Wall Street Now Too Big To Jail

WhatNowCartoons The GOP has been attacking President Obama for all the Wrong Reasons: Benghazi Libyan embassy fight when the GOP had previously cut the State Departments defense funding. Or No New Taxes when there is general consensus that  tax revenues have dried up and tax reform is way overdue. Or the constant return to Obama’s birth …

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Banks as Flak Catchers for Major Corporations

Tom Wolfe’s book Radical Chic & Mau-Mauing the Flak Catchers is about  PR and Spokespersons  who seemingly can turn any criticism to the advantage of their client. But “flak catcher” had a second nuanced meaning – those who bore the brunt of public scorn diverting attention away from client and upon themselves. As well, attention …

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