EppsNet Archive: Wall Street

See You in Hell

[See You in Hell is a feature by our guest blogger, Satan — PE] A woman was sucked out the window of a Southwest Airlines plane . . . not a black woman, fortunately, so Southwest won’t have to shut down for racial bias training. In other news, David Hogg is telling his Twitter followers to boycott the BlackRock and Vanguard investment firms. “David Hogg’s Twitter followers” . . . I’m rolling that phrase around on my tongue. “David Hogg’s Twitter followers.” Might be a good name for an improv group. When I think of all the great men — Nietzsche, Van Gogh . . . you can think of your own favorite examples — who lived as anonymous failures and died as broken-down loonies, the thought of people actively tracking the musings of David Hogg amuses me greatly. See you in Hell! Read more →

George Orwell: “I Told You So”

WASHINGTON (AP) — An Associated Press review of the official calendar Hillary Clinton kept as secretary of state identified at least 75 meetings with longtime political donors, Clinton Foundation contributors and corporate and other outside interests that were not recorded or omitted the names of those she met. — Associated Press Clinton campaign spokesman Nick Merrill said that Clinton “has always made an effort to be transparent since entering public life.” In addition to the unrecorded meetings with donors, this effort at transparency includes setting up a private email server to use as Secretary of State, and giving speeches at $200,000 per to Wall Street banks and investment firms, foreign governments and other special interest groups under a contract that prevents anyone from releasing a transcript of what she said. Merrill went on to say, “War is peace. Freedom is slavery. Ignorance is strength.” Read more →

Goldman Sachs CEO Henry Paulson Endorses Hillary Clinton

I’m seeing a lot of headlines today on Henry Paulson’s endorsement of Hillary Clinton, in all of which Paulson is identified as “President George W. Bush’s treasury chief Henry Paulson,” or “ex-GOP Treasury Secretary Henry Paulson,” or something to that effect. There are certainly other ways of identifying Henry Paulson, e.g., Former Goldman Sachs chief executive Henry Paulson Architect of TARP and “Too Big to Fail” Henry Paulson Wealthy Wall Street goon Henry Paulson Henry Paulson, who used his position as Treasury Secretary to bail out his Wall Street friends with taxpayer money It’s hard to see how an endorsement from Henry Paulson is anything but a nail in the coffin of the Clinton campaign . . . I took millions of dollars for speeches to Wall Street banks and investment firms, including $675,000 from Goldman Sachs (see New York Times), and now they’re all endorsing me! (Shocking.) Also: I… Read more →

The Most Transparent Liar in Modern Times?

I’m the most transparent public official in modern times. — Hillary Clinton “That’s why as Secretary of State I ran a shadow government from a private email server, sending and receiving communications regarding secret programs, anti-terrorist activities, drone strikes, etc., so that there would be no public record of my activities. “I also give paid speeches to Wall Street firms under a contract that prohibits anyone from releasing a transcript of what I said.” What a scream! Maybe she means she’s the most transparent liar in modern times . . . Read more →

I’m Pretty Sure Those Are Nouns

This is a real Bernie Sanders tweet, not a parody, although it has since been deleted . . . Read more →

Another Thing I Like About Donald Trump

Embed from Getty Images Democrats don’t like him and Republicans don’t like him either. The overarching theme of American politics is Democrats vs. Republicans, Team Blue vs. Team Red. It’s a freakishly expensive clown show for which we pay trillions of dollars a year to watch the Red clowns and the Blue clowns throw pies in each other’s faces. Nobody really cares about truth, substance or common sense, only whether their team is winning. When Obama replaced Bush, Democrats didn’t care that Obama kept all the same wars going and started a few new ones, kept the torture programs going, kept Guantanamo open, ramped up drone warfare, cozied up to Wall Street, etc., etc., etc. All the things they hated when Bush was doing them were okay now because their team was winning. Elect Hillary Clinton and we’ll get four to eight years of trench warfare against Republicans. Elect a… Read more →

Get Rich Making Dumb Decisions

The people on the short side of the subprime mortgage market had gambled with the odds in their favor. The people on the other side — the entire financial system, essentially — had gambled with the odds against them. Up to this point, the story of the big short could not be simpler. What’s strange and complicated about it, however, is that pretty much all the important people on both sides of the gamble left the table rich. . . . The CEOs of every major Wall Street firm were also on the wrong end of the gamble. All of them, without exception, either ran their public corporations into bankruptcy or were saved from bankruptcy by the United States government. They all got rich, too. What are the odds that people will make smart decisions about money if they don’t need to make smart decisions — if they can get… Read more →

You Say Anarchy, Sir, Like It’s a Bad Thing

Frankly, one of our political parties is insane, and we all know which one it is. They have descended from the realm of reasonableness that was the mark of conservatism. They dream of anarchy, of ending government. — Bruce Bartlett My fellow Americans — I’ll tell you who’s insane: anyone who’s not dreaming of anarchy at this moment in history is insane. People forget that this great nation was founded by anarchists, born out of an armed revolution against a corrupt government. As I said at the time, “Whenever any Form of Government becomes destructive, it is the Right of the People to alter or to abolish it.” I assure you, though, that regrettably neither current political party dreams of anarchy. They both dream of exactly the same things: self-aggrandizement and rewarding their most powerful supporters with political spoils. The well-known liberal cartoonist Ted Rall wrote a book a couple… Read more →

The Lives of Julia and Paul

David Henderson says — accurately, I think — that Mitt Romney’s “47 percent” remarks can be paraphrased as “People who are dependent on government will vote for the candidate who credibly (to them, at least) promises to keep the programs that have created that dependence.” Do you think President Obama disagrees with that? He doesn’t. If you think he does, please see The Life of Julia on the president’s web site. It lays out a “typical” woman’s cradle-to-grave dependence on government assistance and describes how Obama will keep those programs going while Mitt Romney won’t. The most insulting thing about it is that as you read about Obama funding this and Obama funding that, it sounds like he’s doing it all out of his own goddamn pocket. What a prince! There’s no acknowledgement that Obama is taking from some and giving to others, and that all of Julia’s “free” stuff… Read more →

I Am the 99 Percent

But I’m not clear on what constitutes a win with regard to the Top 1 Percent? What if we take away everything they have and leave them with nothing? Then the Top 2 Percent roll up to become the Top 1 Percent and we’d have to stage another round of protests against them, right? Why can’t we just count our blessings and enjoy what we have? You think you’d be happier with a lot of money? You wouldn’t. Where’s the evidence? The guy making a million a year wants to make 2 million a year. The guy making 2 million wants to make 10 million. The guy making 10 million is in jail for trying to steal an extra 10 million. As Epictetus used to say, “None of these objects that men admire and set their hearts on is of any use to those who get them, though those who… Read more →

We Don’t Keep Our Money in Banks

Security fears dog online banking — Yahoo! News Now that’s what I call lazy reporting. If they’d bothered to interview an actual dog, they would have found out that we don’t keep our money in banks because banks are run by Wall Street fat cats and we don’t trust Wall Street fat cats. Actually, we don’t trust any kind of cats. There may be dogs online barking but there are no dogs online banking. — Lightning Read more →

Depression 2.0

Mr. Obama is proposing to raise taxes on capital gains and dividends by a staggering two-thirds, moving the rate up 10 percentage points to 25%, which could curtail investment and business on Wall Street, a backbone of the city’s and state’s economy. — New York Sun OK, let me get this straight . . . the stock market’s dropping, banks are failing from lack of liquidity, no one wants to invest in American companies, and Obama’s solution is to raise the capital gains tax?! In the event of an Obama presidency, I will taking a long position in blankets, canned goods and shotgun shells . . . Read more →