It was hard today, even to find the item in the news. Geithner says that he will not regulate foreign exchange derivatives. It is even harder to find out that Representative Marci Kaptur has put forward a bill that would reinstate Glass-Steagall. Representative Maria Cantwell, who failed previously to reinstate Glass-Steagall commented on Geithner's pronunciamento:
“I can’t believe the first decision the administration would make to carry out Dodd-Frank would be an anti-transparency decision. The idea that the foreign-exchange markets are not at risk is preposterous — we now know that they required multitrillion-dollar bailouts. Anytime you have a lack of transparency, there is potential for abuse.”
Here is Marci Kaptur grilling Geithner on his abject subservience to Goldman Sachs:
Meanwhile, we are regaled everywhere by the usual grinning idiots in the media...
Eratosthenes first measured the circumference of the earth from the shadows cast by the sun. Today, humanity's fitness to survive will be measured by our ability to conquer that same thermonuclear fusion that casts those shadows. Thus, Prometheus will truly be unbound.
Sunday, May 01, 2011
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May
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- What Cusa Could Teach Us
- Krugman Misses the Boat Again
- The Angels of Retrodictive Functional Time
- Wherein a Spectator Mentality is Roundly Vituperated
- Anthropology Wastes Time
- The Ironic Fate of Dominique Strauss-Kahn
- Happy Days ...Er Meals Are Here Again
- Monstrous moonshine at work?
- Geithner Exposes Obama's Fraud
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