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Category Archives: Invisible Hand-Job
“Skilled in the art of defending plutocrats”
Earlier I posted about the bailed-out banksters who would very much like to pin the mortgage fraud debacle on people like us, who bought their crappy mortgages and who, in many cases, got foreclosed on even when, with everything collapsing … Continue reading
Up Against the Wall, Motherfuckers
Throughout the stories I’ve read about the foreclosure fraud mishegas, the common thread has been that it’s all just a problem of improper paperwork, and that people losing their homes are just deadbeats anyway so who cares, really, as shown … Continue reading
Posted in Invisible Hand-Job, Torches and Pitchforks
2 Comments
A Tale of Two Journals
For Christmas 2008, my right-wing dad-in-law got me a subscription to the Wall Street Journal. I guess he figured that since I had been laid off, I could benefit from the wisdom of the Masters of The Universe to help … Continue reading
You Fucked It Up, cont’d.
Following up on my post from yesterday, I noticed that Digby at Hullabaloo posted a great answer to the rhetorical question, “Why the fuck aren’t any of those motherfuckers in jail?” So I’m listening to Andrea Mitchell and Jim Cramer … Continue reading
You Fucked It Up
Worries over fast-tracked foreclosures send bank stocks plummeting Stocks of major banks declined sharply Thursday amid concern that widespread corner-cutting in the foreclosure process could saddle the financial system with a costly and paralyzing mess. The sell-off was one of … Continue reading
Happy Labor Day
June 26, 1894: During the economic panic of 1893, the Pullman Palace Car Company cut wages as demands for their train cars plummeted and the company’s revenue dropped. A delegation of workers complained of the low wages and twelve-hour workdays, and … Continue reading
The Great Disconnect
Headline in today’s Wall Street Journal: Democratic Seats Vulnerable on Jobs Duh. Michelle Rena Jones cheered when candidates Barack Obama and Joe Biden visited south-central Michigan in 2008. She supported Mr. Obama that November along with a slate of Democrats, … Continue reading
The 401(k) Scam
Commenter StringonaStick, who has some expertise on the subject, explains it all for you: What I really want to rant about though is what a cynical, hollow promise the whole rise of the 401(k) thing is/was. One of my careers … Continue reading
In an ideal world, the Invisible Hand would give each of us a happy ending
Via Atrios, Kevin Drum takes Matt Yglesias to task for suggesting that we leave those poor corporations alone and that, instead, we should just raise the top marginal tax rates back to where they were under Eisenhower (yeah, that’ll happen … Continue reading