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masaccio

About Me:
I read a lot of books.
About Me:
I read a lot of books.

Goldman Sachs: God’s Work is Chasing Money

By: masaccio Monday November 16, 2009 2:10 pm

Goldman Sachs CEO says he's doing God's work by making huge amounts of money. The company Pastor says we have to accept inequality as the price of prosperity. They'll get right through the camel's eye with that kind of thinking.

Don’t Mess With John Galt’s Right to Get a Sub-Prime Loan

By: masaccio Sunday November 15, 2009 10:30 am

Todd Zywicki argues that consumers who took out foolish loans and predatory credit cards were acting rationally. Maybe in Atlas Shrugged that might explain something, but it's always good to remember that Ayn Rand wrote fiction. Tedious fiction at that.

American Workers are Overpaid Says New York Times

By: masaccio Thursday November 12, 2009 4:50 pm

The NYT tells us that manufacturing workers are overpaid, and due for substantial wage cuts. This from the same paper that wants to help us understand the financial problems of the rich.

Dear Trade Associations, Why do You Despise the Workers?

By: masaccio Monday November 9, 2009 8:43 am

Trade associations are leeches and parasites, but it's the productive workers who get screwed.

In Goldman, Sachs We Trust

By: masaccio Sunday November 8, 2009 10:30 am

When history repeats for Goldman Sachs, it means profit for them and bad things for the rest of us.

Wasted Talent and Corruption

By: masaccio Sunday November 1, 2009 10:30 am

It's a sorry, standing joke in certain quarters that the A-students become professors, the Bs become judges, and the Cs become millionaires. The third-raters -- who couldn't comprehend risk and loved buttloads of moolah -- ended up trashing the financial industry and the economy.

WellPoint Policyholders Can Expect Double Digit Increases

By: masaccio Saturday October 31, 2009 5:00 pm

WellPoint is making plenty of money. Why not spend some on some kind of study to crush reform?

Raising Their Rates, Health Insurance Companies Put Themselves in a Box

By: masaccio Monday October 26, 2009 7:33 am

Health insurance companies have a problem. Wall Street wants bigger profits, which means higher rates. People don't really want to pay more. What's a Republican to do?

The Consumer Financial Protection Agency: A Small Victory for the Good Guys

By: masaccio Sunday October 25, 2009 10:30 am

The Consumer Financial Protection Agency is a big win for our side. It's academic enemies inhabit some parallel universe where prohibiting predatory practices is "behaviorial control".

Entrenched Interests Are Safe from the Obama Administration

By: masaccio Saturday October 24, 2009 5:00 pm

The Obama administration hasn't been willing to change any of the fundamentals that make it possible for entrenched corporate interests to skin the American people. Health care is an obvious example.
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Sunday, November 22, 2009 5:00pm Eastern

Chat with Barbara Ehrenreich about her new book.

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Monday, November 23, 2009 8:00pm Eastern

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