Enough Blame To Go Around

Pointing that fickle finger of blame, some from the conservative side of the blogosphere just may be painting themselves into a philosophical corner.

Making Things Up, One Day At A Time

Malkin has quite a doozy up at memeorandum right now: On Nov. 4, after Barack Obama clinched the White House, the market closed at 9,625.28. In mid-morning trading today, the day President Obama signs his massive Generational Theft Act into law and a day before he unveils a massive new mortgage entitlement, the Dow dropped to to [...]

Wall Street, Stock Market

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Something For Saturday

Image via Wikipedia

Lots of sunshine and marvelously warm temperatures around these parts today, so I'm going to be getting a few things done.  Taking time for a cup of coffee (or two) and skimming through blog posts, I found one to pass along. Also, note the inclusion of additional related information, thanks to a handy Firefox add-on called Zemanta. It goes out and finds pictures and related articles, as you type a blog post or email. Pretty cool! The picture on the left? The Wall Street crash of 1929, the beginning of the Great Depression.

Goldman Sachs and Morgan Stanley to repay TARP early

Yes, it's so they can avoid the pay restrictions. See, for them, it's all about them. Whatever is convenient for Wall Street, right? Goldman specifically was the subject of intense rumors last fall and many questioned their ability to survive the credit crisis that had taken down Lehman. They received assistance from [...]

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• Take this TARP and shove it? Not so fast. (money.cnn.com)

An Angry President

Oh, my. Obama went off on the Wall Street honchos who took home huge bonuses after asking for a federal bailout! Gotta say this got my blood pressure rising, too...

Wall Street pays out more than $18 billion in year-end bonuses

Ugh: By almost any measure, 2008 was a complete disaster for Wall Street — except, that is, when the bonuses arrived. Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion [...]

And, here's how NBC Nightly News reported on the President's Wall Street reaction and the overall economic situation.

Visit msnbc.com for Breaking News, World News, and News about the Economy

Make My Day

What's wrong with this picture? If anybody is managing this big bailout, they need to do something about this. Really.  Try to enjoy your Saturday.

No curbs on Wall Street pay despite meltdown

Despite the Wall Street meltdown, the nation's biggest banks are preparing to pay their workers as much as last year or more, including bonuses tied to personal and company performance.So far this year, nine of the largest U.S. banks, including some that have cut thousands of jobs, have seen total costs for salaries, benefits and bonuses grow by [...]