Category: financial fiascoes

Apple, Google, Microsoft Now Dominate Computing

The Big 3 in Consumer Computing for the next 3-8 years have declared themselves.  With Microsoft and Google now committing to hardware as well as  software they have joined Apple as  all-in in Consumer Computing. In effect the Apple Model,…

On Financial Meltdown Prosecutions

Matt Taibbi at Rolling Stone is noted for his investigations of the Financial Community particulary since the Financial Meltdown of 2007 to 2009. In an article in Rolling Stone for February 2011 Matt asked the question Why Isn’t Wall Street…

Sign of the Banking Times

Well I saw the Jamie Dimon performance on Meet The Press on Sunday Morning and he looked good in a Black Swan motif. Here is what some commentary had to say: LATimes –  What Jamie Dimon Didn’t Tell You on Meet the Press…

The Culture of Finance

The following letter of resignation by Greg Smith from Goldman Sachs published at the NYTimes appears to provide proof that the Finance Vulture Culture has survived despite the onslaught of Bush and Obama administration legal prosecution cases against the financiers responsible for…

The Housing “Settlement” Stinks Badly

If the Republicans want a bona fide issue  to tar and feather President Obama on, its his kowtowing to the banks exemplified most recently by the Housing Settlement. Once again, “for the sake of the economy”, banks get away with major white…

5 Major Wicked Problems and US Election Politics

The five major problems facing not just the US but almost all developed countries are the following: 1)Jobs are going to the developing countries with very favorable rates of exchange and wage level relative  to prosperous developed countries. Wages in…

Occupy Wall Street’s Enduring Message

Nicholas Kristoff at the NYTimes, has a very telling piece about the Bankers who brought about the 2007-2008 Financial meltdown. Recent disclosures by Bloomberg and others have made it clear that the $0.70 Trillion TARP bailout was just the tip…

Occupy Wall Street Moves to TV?

Harry’s Law, in yesterday’s episode called Head Games, takes up the Occupy Wall Street Message in full form.The episode deals with a woman whose home is foreclosed; so in desperation she goes and robs one of the bank’s branches. The…

Wall Street as a High Risk Gambling Den

In options market trading ye Editor has always wondered why Naked Puts are allowed as transactions. Naked Puts mean I don’t own the underlying stock but I am guaranteed being able to sell it at a fixed price up to…