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Links 5/24/13

posted to naked capitalism on Fri 24th May 13

Apologies for having fewer posts than usual today. I’m really tired and have been having trouble concentrating. No particular trigger, just seems to be a weirdly low energy day. Cheese maker warned against supplying Gloucester cheese rolling BBC (Richard
The Fed Has Painted Itself in a Corner

posted to naked capitalism on Fri 24th May 13

Bernanke managed to shoot global markets in the head the day before yesterday, and then, as has become typical when investors throw brickbats at what the Fed has said, various mouthpieces go about talking the markets back up (this case, in the form of San Francisco
Your Humble Blogger Appears on RTs Truthseeker

posted to naked capitalism on Fri 24th May 13

Readers, hope you’ll enjoy this segment. But be warned, the presentation style is a bit manic. We discuss how outsourcing and offshoring are more about transferring income from low-level workers to middle and senior level managers than cost savings.

Curious Meeting at Treasury Department

posted to naked capitalism on Tue 3rd Nov 09

The Treasury invited a small group of bloggers for a “discussion” with senior officials on Monday. Initially, the meeting was to be background, which is a sort of journalistic “FYI but you can’t use it” but we were told at the
NY Fed Under Geithner Implicated in Lehman Accounting Fraud Allegation

posted to naked capitalism on Fri 12th Mar 10

Quite a few observers, including this blogger, have been stunned and frustrated at the refusal to investigate what was almost certain accounting fraud at Lehman. Despite the bankruptcy administrator’s effort to blame the gaping hole in Lehman’s
Geithner Bank Bailout Plan: Fiasco

posted to naked capitalism on Tue 10th Feb 09

That one word assessment of the Geithner plan, as previewed in the New York Times tonight, comes from reader Scott, and is good enough to print. I am so disgusted with this entire proceeding that I am going to dispatch it quickly.Let's start with the basics.

IRS, Foreclosures, etc.

posted to Dollars & Sense Blog on Thu 23rd May 13

Protest Potatoes(1) David Cay Johnston on IRS “Scandal”: There was a very good Salon.com piece about this, The real IRS scandal: Targeting by class, quoting David Cay Johnston. Here are key nuggets:Its pretty simple, then, to figure out what took
Financialization and the Incredible Shrinking Time Horizon

posted to EconoSpeak on Sun 19th May 13

Reading this excerpt from an interview with UNCTAD economist Heiner Flassbeck posted at Naked Capitalism prompts these thoughts on how financialization has altered the way capitalism functions. Consider two ways an enterprise can be privately owned and managed.
Harry Shearer and Yves Smith transcripts

posted to Angry Bear on Sun 5th May 13

Transcript: Yves Smith Interview – Harry Shearer – Listen to the podcast here. A link to Yves IFR e-book is here. (on the fraudclosure fiasco…)