Government Meddling or Necessary Regulation?

News came down last week that the President, in his haste to shift the focus away from a quickly diminishing chance at health care reform, will now re-focus on regulating the big banks in an effort to prevent them from becoming “too big to fail” again. I have already written on the fact that, despite the fact that the banks were too big to fail before TARP, they have comntinued to get even bigger. You can read about that HERE . I also shared a banker’s perspective on what regulations need to happen that I had found on the Huffington Post. You can read that HERE . So this isn’t a new subject. But the President was pretty strident in stating that he was going after these regulations, even going so far as to say if they (the big banks) are looking for a fight, he is ready and willing to give them one. Now, I know that you are all aware of where I stand on the idea of government regulation of private businesses. But I am willing to report what I am reading and keep an open mind to the fact that I could be wrong in some way.
More Populist Rhetoric Used to Consolidate Power?

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Geithner… Just Another Crook Doing What Crooks Do

A night where I almost didn’t write. I have had a full day of travel, returning from travel this afternoon to a dog that had chewed the corner of the wall in the kitchen during the six hours he was alone, drywall and all. After cleaning the mess up, and setting up his new cage for sleeping in at night, I quickly showered and headed to work. And tonight I spent a good hour lying on my back in the cold watching the Leonid meteor shower. I can never pass up the opportunity to watch a meteor shower, I just love all forms of nature. But I decided that I hadn’t written while traveling last night (I literally didn’t get to a hotel room until 4:30 am) so I was kind of obligated to do so tonight. So I left the meteor shower and came in to write about something. I was determined to not write about the Fort Hood stuff tonight or the idiotic move to bring the 9/11 conspirators to NY for a civilian trial. So the night was as much me avoiding certain subjects as finding one… then I stumbled on to this article at the top of the Huffington Post home page.
Good to Know What the SIGTARP thinks of Geithner’s Criminal Actions

Industrial Economy vs. Knowledge Economy

money-toilet-paperThis is going to stray a little bit from the regular focus on pure politics for us. But I was sitting around thinking about this tonight and I wanted to get some of you smart folks to add your thoughts on where my head is at. As many of you know I am a full time student as well as the fabulous author of this blog, which means that I split a lot of my time between here and work and schoolwork (but only for 11 more days… another degree almost finished!!!). So my head is in the world of business for school a lot. In a lot of the writing I have been doing for school I have put forth the premise that we have begun the switch away from the industrial economy that made us a world power in terms of economies…
Is the Current Shift Bad for the US Economies Future?

More of the Traveling Magic Show

aig-logoI have listened to the news for the last couple of days swirl on about the bonuses being paid to executives from troubled insurance giant AIG. I understand that many of you are upset with AIG. I do get that we are seeing a company get bailed out with Billions of dollars of US Taxpayer money. And I do get that the contracts of these executives awarded them large bonuses that you don’t think are fair. I don’t think they are fair either. Let’s get that out of the way. But, my friends it is time to put a little perspective into play here. And once we have some perspective we can ask ourselves what is the real game afoot?
The Magicians are Fooling You Again