I want you to take a look at:
THE WORLD’S WOES By Andy Rooney | iHaveNet.com
As you may have read, I read the newspaper every day and I think of myself as someone who knows what’s going on in the world, but who am I kidding?
Just look at some of the headlines and decide for yourself whether either you or the newspaper know what they’re talking about
I want you to take a look at:
Here’s a Switch: Some Good News About Banking Arianna Huffington | iHaveNet.com
And now for something completely different: some good news about banking.
Yes, I know that an upcoming analysis by the IMF reportedly says that toxic debts on the balance sheets of banks and insurers could go as high as $4 trillion.
And I realize that last weekend saw the FDIC take over two more banks, but it’s not all doom & gloom.
Full Article:
Here’s a Switch: Some Good News About Banking Arianna Huffington | iHaveNet.com
I want you to take a look at:
Roving Towards Irrelevancy: GOP in the Obama Era – Chris Thomas | iHaveNet.com
Self-audit is a positive driver in the cycle of decay and regeneration that affects all societies and institutions. After all, if we can’t learn from our mistakes, then we usually find a way to go nowhere fast.
Which brings us to current state of the Republican Party in 2009.
I want you to take a look at: Larry Summers: Brilliant Mind, Toxic Ideas
I want you to take a look at: Tim Geithner, CNBC & the Second Coming of Known Unknowns | Huffington
A formerly famous and now mostly forgotten poet of nonsense verse once said:
“There are known knowns. There are things we know that we know. There are known unknowns . . . there are also unknown unknowns.”
That was, of course, Donald Rumsfeld.
But it doesn’t sound too different from your average briefing/Congressional testimony/interview by Timothy Geithner.
I want you to take a look at: Team Obama Flaw: Still Believing Universe Revolves around Banks | iHaveNet.com
A series of recent meetings with members of Barack Obama’s economic team (including running into Larry Summers on my way to an appointment in the West Wing, leading to a spirited back-and-forth that made me feel like I was back at Cambridge, debating the smartest kid in the class), left me with a pair of indelible impressions:
1) These are all good people, many of them brilliant, working incredibly hard with the best of intentions to solve the country’s financial crisis.
2) They are operating on the basis of an outdated cosmology that places banks at the center of the economic universe.
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