Unbelievably Bad Form

G.O.P. – Irrational Like Foxes

In nuclear arms strategy, one winning gambit is to convince your opponents that you are an irrational and unstable player. This puts your opponents on the defensive because they can’t count on you to compute and think rationally. And so therefore in all the MAD [Mutually Assured Destruction] posturings one can never be sure that …

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Dow Jones Marketwatch:Financial Reforms Maybe Too Weak

The BP disaster in the Gulf of Mexico is acting like a proof of concept on economic and financial regulation. BP has had the run of the mill on oil drilling with  a  cosy and inhouse relationship with its regulator for drilling the MMS-Mineral Management Services. Something that Wall Street has been attempting to establish …

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Is the Wall Street Banking Game Fixed ?

There is strong evidence that what has been suspected is true – the Big Banking Game is Fixed. And you thought the top US Banks had to fight to survive in one of the toughest and most coldly efficient banking markets. But diverse financial media players like China Post, Bloomberg, Iranian Financial Times,  NYTimes,  and …

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The Public Whippings of Goldman Sachs

The pillory or public whipping post went out of fashion in England and Europe by the 1830’s but non-public whippings, usually in prisons, occurred until the 1960’s in various jurisdictions including the US[see wikipedia for back-ground reference here]. However, the US has not abandoned Verbal Whippings in Congress. Congress has used its Congressional Hearings mechanisms …

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The Supremes Vote for a Bautocracy=Bought Political Power

Conservative pundit George Will is consistently arguing in favor the myth of markets being efficient and self-correcting. Greed is a good thing because those who are too greedy will “eventually” get their come-uppance in efficient, free markets – just like monopolists will finally fail if they don’t meet their customers needs. The only thing preventing …

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