in honour of Geithner's end of the week press conference
Crimson Permanent Assurance:
The song is at the end of part 2...
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We hear a lot about 'too big to fail' and how future regulation should be designed, at least in the financial sector, to prevent growth to that size. Apparently, Treasury Secretary Geithner hasn't heard about this:
Even worse is Geithner's notion of designating certain banks as too big to fail and…
The report by Prof. Elizabeth Warren heading the Congressional Oversight Panel for the TARP loans to large US banks is out.
Report is at cop.senate.gov (151 p. pdf)]
It makes interesting reading.
Section C has a discussion of European handling of the current crisis, with C.1 providing a succinct…
It's very hard to squeeze a president and his entourage, plus visitors, into Back Bay. It's not too crowded for some links though. Science:
The Earth Microbiome Project
Human Ancestors Hunted by Prehistoric Beasts
The unconscious expert
14 amazingly cool research facilities
Other:
DCCC Abandoning…
Yves Smith lays out just how stupid Treasury Secretary Geithner's proposal is. I think these are the key points (italics mine):
Let's start with the basics. The US banking system is insolvent. Got that? Insolvent. That does not mean every bank in the US is toast, in fact quite a few are probably…
Thank you for this.
I don't think I've seen it since it was first shown in theaters.
Never would've made the connection if not for you.
Thanks again.