U.S. President Obama has nominated another one of his major fundraisers as ambassador to Canada. Like David Jacobson, the current ambassador, nominee Bruce Heyman was a “mega-bundler” for Obama’s presidential campaigns, helping to raise millions of dollars. Unlike Jacobson, a lawyer, Heyman is Wall Street all the way, having toiled at Goldman Sachs for the last 33 years, ultimately becoming a
Richard Hughes PoliticalBlogger
As a retired guy from time to time I think that it would be nice to bring in a few extra bucks.
Problem is that generally people actually want you to produce something of benefit to them, provide a service or some other such time consuming sacrifice.
Well that is a mugs game really. I mean why don’t I just park my conscience and principles and start up a hedge fund?
Here is a look at a world foreign to 99 percent of us.
It’s a common belief that people are compensated more or less in proportion
. . . → Read More: Cowichan Conversations: So You Want To Make Few Extra Bucks? Simple-Start Up A Hedge Fund!
This is the first in a new (ir)regular installment summing up last week’s news headlines using a ‘remix’ style — a quirky restless glance into the wreckless feckless immediate past. (Inspired by Harpers Magazine’s ‘Scientific Summary’.)
Aerial photo of tsunami debris from Japan
US peacekeeping forces joined with Congolese army troops to attack rebel militants hiding in the northern Congo, including remnant’s of Joseph Kony’s Lords Resistance Army. Ethiopia has sent troops into Eritrea. A Goldman Sachs insider says his former employer refers to its clients as “muppets”. The European court of human rights has declared ‘kettling’
. . . → Read More: Art Threat: News Remix: March 15-22, 2012 – Bricolage of (some of) last week’s headlines
In Jim Flaherty’s first budget, he announced that his government was opening up the housing market to private insurers. “These changes will result in greater choice and innovation in the market for mortgage insurance, benefiting consumers and promoting home ownership.”
Loosely translated, the sub-prime mortgage industry was heading north, and so was AIG. On May 2, 2006, in his first budget, Mr. Flaherty announced that not only would Ottawa guarantee the business of U.S. insurers, it was doubling the guarantee to $200-billion.
And despite repeated warnings that Canada’s financial system was being exposed to far too
. . . → Read More: Pushed to the Left and Loving It: Will the Flaherty-Harper Ticking Time Bomb be Detonated?
The Organization for Economic Co-operation and Development (OECD) released a report yesterday, showing that Canada’s income disparity is growing faster even than that of the U.S. Low paying jobs and a diminishing middle class, are partly to blame, but also deregulation, that allowed the wealthy to become even wealthier, is a huge factor.
Jim Flaherty was on the defensive in the House yesterday, suggesting that his government has been creating good jobs, but all they created was a marketing strategy: The Economic Action Plan. They had no real economic plan, other than to move lobbyists and Goldman Sachs
. . . → Read More: Pushed to the Left and Loving It: Even Canadian Bankers are Hoping that the "Occupy" Movement is a Success
For those who can stomach hypocrisy, I highly recommend this video in which we are told by a wealthy banker that the true source of our troubles is socialism:
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Even if you only have time to watch the opening statements by Chris Hedges and philosopher, activist and professor Cornell West, this video, a mock trial of Goldman Sachs by members of Occupy Wall Street, is well-worth watching. The array of ‘crimes’ … . . . → Read More: Politics and its Discontents: The Trial of Goldman Sachs
That is the title of Chris Hedges’ latest column at truthdig.org, written after his arrest for sitting on the sidewalk in front of Goldman Sachs in New York. It is a powerful indictment of the immorality that pervades the ethos of unfettered capitalism… . . . → Read More: Politics and its Discontents: Finding Freedom in Handcuffs
Prior to his arrest the other day for sitting on the sidewalk in front of Goldman Sachs, Chris Hedges issued the following indictment of the investment banking and securities firm:Goldman Sachs, which received more subsidies and bailout-related funds t… . . . → Read More: Politics and its Discontents: Chris Hedges’ Indictment of Goldman Sachs
In the 1960s, college and university campuses, known for their apathy, began to erupt into political activism. Rosa Parks, the black woman who refused to move to the back of the bus, inspired many to stand up, or perhaps more appropriately, “sit-in”, f… . . . → Read More: Pushed to the Left and Loving It: It’s Not About Occupying Wall Street But How Best to "Occupy" Ourselves
A friend left a comment on my blog yesterday, reminding me of a book I had read several months ago, Swindlers. She was just in the process of reading it herself. Timely, given the current protests against Wall Street greed.Anyone questionin… . . . → Read More: Pushed to the Left and Loving It: Swindlers Revisited: Why Canada’s Occupy Wall (Bay) Steet Movement is Important
Chris Hedges, Pulitzer Prize-winning war correspondent and author, had this to say about the “Occupy Wall Street” movement last week: “The only word that these corporations know is ‘more’…There is no way within the A… . . . → Read More: 350 or bust: Chris Hedges: At This Moment In History, Either You Are A Rebel Or A Slave
I mentioned the musician Tom Morello, who had appeared on Bill Maher recently, discussing social issues. I was so impressed with his genuine concern for societal imbalance and dedication to several causes.Morello spoke of the “occupation of Wa… . . . → Read More: Pushed to the Left and Loving It: Will Canadians Finally Rise Up Against the Evils of Neoconservatism?
Well, here’s something rather unusual… Appearing earlier today on BBC, Alessio Rastani, an independent stock trader, confessed to a stunned interviewer that, like most of his colleagues on Wall Street (or in the City of London), they “don’t really care … Continue reading → . . . → Read More: Red Tory v.3.0.3: Dreaming of Recession
I don’t usually repost other people’s writings, but this article is too hard-hitting and important to pass up. If we want to understand better what is wrong with the economy and politics, this sheds more than a little light, and confirms th… . . . → Read More: Writings of J. Todd Ring: Why isn’t Wall St. in jail? And come to think of it, why isn’t Obama?
Will justice ever be done? This is a question U.S Investors have been asking about the recent financial crisis. Specifically, they have queried why no criminal charges have been laid against Goldman Sachs or any other investment bank whose greed and r… . . . → Read More: Bill Longstaff: Goldman Sachs boss lawyers up
It is becoming increasingly evident that the so-called “Economic Crisis” was carefully engineered to force governments to tear down their welfare states.The 153.6 million fine for JP Morgan is a drop in the bucket, when we look at the billions of dolla… . . . → Read More: Pushed to the Left and Loving It: JP Morgan Fined $153.6M For Doing God’s Work
The Young Turks have ran a number of stories on how major investment banks have gamed the US and global economic systems. In the video presented below, they discuss how major investment bankers (e.g., Goldman Sachs) have effectively triple penetrated their investors and the global oil market, which affects all of us by driving up [...] . . . → Read More: Death By Trolley: The Wall Street Triple-Penetration