You say yes, I say no, you say why? I say I don't know

Submitted by rba on February 1, 2008 - 09:37

"SANFORD WEILL: I think that if you look to Europe or you look to Asia, organizations like ours already exist, where banks and insurance companies and investment companies are all part of what they call universal banks."
Newshour - 3 Nov 1999

Found that blurb this morning after reading the John Cassidy: The Minsky Moment in this week's New Yorker, which led me to search for information on the Glass-Steagall Act of 1933.

Why? I don't know. Other than being sick and tired of being sick and tired of writer's constructing neat little boxes from which they issue forth spew and slaughter rhetoric without once recommending solutions. Gets very, very, very old. Besides, it's a medical fact that long-term exposure to negative vibes makes people very crabby. One could go so far as to say "f*cking pissed".

Not me. I'm calm and cool these days. Yep, just a bundle of damn joy and happyness. Realizing that the majority of people so much love the mistakes of the past they crawl all over themselves to repeat it, I figure to just sit back and watch the rest of the show.

The "good" part will come back around after awhile.

daily news, Glass-Steagall, Greenspan, Minsky
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avahome

February 1, 2008 - 12:23

What in Vegas? Bush is on his way, so beat it or else … excerpt:

After seven years, it’s come to this.

When the president of the United States — the leader of the free world, the guy with the nuclear football doohickey and therefore the power to end human if not cockroach civilization — comes to town today to update Las Vegas on the war on terrorism, he will not be standing in a stadium, behind a church pulpit or in a rugged pose in front of Red Rock. Not even in a high school auditorium.

No, the president will be at the back of an office park overlooking a rock quarry and snake habitat disguised as an expensive golf course named Badlands. He’ll be giving his speech on The Global War on Terror to a conservative education think thank that was last in the news because it announced the results of a poll in which people said teachers were overpaid. (my emphasis added)

Oh, and no journalists allowed...not even in the parking lot! Our tax dollars at work for what?

Roxy

February 1, 2008 - 12:46

he is wearing his cowboy boots. Sidewinders got no respect for presidents or golf courses ...

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If it's true that our species is alone in the universe, then I'd have to say that the universe aimed rather low and settled for very little. ~ George Carlin

Roxy

February 1, 2008 - 12:49

"sick and tired" of being "sick and tired". One would almost believe that America is populated with idiots. Our politicians have done such a good job of dividing us that most of the time I can't even get along with myself.

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ePMedia ... get the scoop with us!
If it's true that our species is alone in the universe, then I'd have to say that the universe aimed rather low and settled for very little. ~ George Carlin

rba

February 1, 2008 - 13:01

. . . most of the time I can't even get along with myself.

carol white

February 1, 2008 - 20:48

WE have no idea what will come next even if we are not doing such a good job right now.

carol