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Guernica PotPourri

March 23, 2009

“He always finds himself lost in thought – it’s an unfamiliar territory.” – Anon

Full of despair at Obama financial plan: too little too late says Krugman

AND

Won’t work says Hilzoy

AND

Lots of negative reaction to the new financial rescue plan according to Hilzoy

AND

Despair over financial policy – The Geithner plan has now been leaked in detail. It’s exactly the plan that was widely analyzed — and found wanting — a couple of weeks ago. The zombie ideas have won says Krugman

AND

Geithner’s toxic asset plan is itself toxic says Calculated Risk

AND

Terrible plan says Yves Smith

AND

Terrible plan, part deux from James Galbraith

AND

not happy says Dean Baker

BUT:

I like it says Brad Delong

BUT

I disagree with Brad says Krugman.

A Focus on the banks liabilities not their assets will solve the problem say Jeremy Bulow and Paul Klemperer.

Needed for AIG and the TARP: Silicon Valley Compensation Schemes says Brad DeLong.

Timothy Geithner: Making Countrywide Executives Rich Again says Jane Hamsher

AND

Why Can’t I Buy Big Shiptile With Taxpayer Money? Do you get a chance to make money in this “off-the-charts good” investing opportunity? Noooo, these loans that nobody has to pay back aren’t being offered to the public says Jane Hamsher.

It’s not the market at work; it is the taxpayer at work says Ezra Klein

AND

It’s the pricing, stupid says the same Ezra.

MSM articles on Employee Free Choice Act do not quote form labor sources says Media Matters.

Speaking truth to Wall Street that is Brad Sherman.

Greenspan’s Folly – The demise of the cult of self-interest from America magazine.

Rating Agencies, Discredited – Rather than face punishment, credit raters are positioned to profit from the financial mess they helped create says Zach Carter.

FDR done good says WSJ.

Needed for AIG and the TARP: Silicon Valley Compensation Schemes says Brad DeLong.

WSJ admits that card check does not get rid of secret ballots in union elections says Michael Whitney.

What an idiot this guy is – Larry Kudlow.

13 firms receiving federal bailout owe back taxes AW NOICE as Onslow would say.

It’s seems difficult, at least in theory, to characterize bank nationalization as radical socialism when so many conservatives keep endorsing the idea. Alan Greenspan recently said, “It may be necessary to temporarily nationalize some banks in order to facilitate a swift and orderly restructuring. I understand that once in a hundred years this is what you do.” Now, Doug Holtz-Eakin, a top advisor to the McCain-Palin campaign last year, has joined the club says Steve Benen.

These are the people who should be hauled in front of congressional committees says Daniel Gross.

Show Timmy and Ben the door says Chris.

What Krugman says according to Atrios.

Don’t blame me says Alan Greenspan. Bullshit says The Economist’s Greg Ip.

Franken wins in Minnesota says Norm Coleman.

AIG isn’t too big to fail says WSJ.

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