krebscycle

  • Progressive finance hysteria from 2011

    Published in People’s View in 2011. Bank of America moved some derivatives from its Merrill-Lynch subsidiary to its depository bank and the so-called “progressive” blogs became very upset. One problem with their reporting is that apparently none of the “Progressive” financial experts understands what"notional" means so they really over-state how…

  • Who speaks for progressives?

    Congresswoman Barbara Lee and David Sirota on the health care bill Sirota this is a telling indictment of the health care law itself, strongly suggesting that it was constructed by the Obama administration – as some progressives argued – as a massive taxpayer-financed giveaway to private insurers like Wellpoint. Congresswoman…

  • The Supreme Court versus the Constitution: again

    The Constitution says that there is a process to  amend the Constitution and the amendments passed according to this process then “shall be valid to all Intents and Purposes, as Part of this Constitution”. Article. V. The Congress, whenever two thirds of both Houses shall deem it necessary, shall propose…

  • Confessions of an ex-leftist who became a mindless Obot

    Confessions of an ex-leftist who became a mindless Obot

    Years ago I heard Professor Cornel West speak in New York. It was a virtuoso performance,  drawing on Sartre, Marx, Dubois, Douglas, and Dewey and many others I am too ignorant to cite, and in a spectacular style that swung from AME preacher testifying to Malcom X’s cold precision to…

  • The Supreme Court’s Campaign for the Republican Party

    In 2000, the Democrats win a decisive victory in the Presidential popular election and clearly were the intended choice of a majority of voters in Florida. The GOP majority on the Supreme Court violates all precedent and invokes the 14th Amendment which was intended to protect the rights of black…

  • All that’s left melts into air: How the left became part of the right

    This post has been incorporated into an even better one ! Who could have expected Revolutionary Marxist Professor Cornel West, a brilliant scholar who combined hip-hop with Marx and Sartre, to say of President Obama “He has a certain rootlessness, a deracination”?  DERACINATION?!! Comrade Brother West went on to  lament…

  • Why do we need private depository banks? II

     During the fiscal crisis, the Federal Reserve Bank and the Treasury stepped in to take over many of the functions of the banking system. They showed they could do the job cheaper, better, and at less risk to the public. Extending this service would free up the rest of the…

  • Geithner and his pseudo liberal critics

    Gretchen Morgenstern of the NYTimes joins the list of people writing critical summations of Geithner’s term at Treasury as if the economy consisted only of Wall Street banks and as if the major proposition of  neoclassical economics was self-evidently true instead of being clearly false: For everyday Americans, his major…

  • Were the Savings and Loan Prosecutions all of that?

    Were the Savings and Loan Prosecutions all of that?

    1982 ’‘All in all I think we hit the jackpot.“ Ronald Reagan in the Rose Garden after signing the bill deregulating Thrifts and Savings and Loans and 2010 If you go back to the savings and loan debacle, we got more than a thousand felony convictions of the elite. These…

  • In defense of Goldman-Sachs, sort of: PBS Frontline II

    The Frontline PBS “expose” of the financial crisis has an indignation set-piece on everyone’s favorite villain Goldman Sachs and their cartoon bad guy CEO Lloyd Blankfein. It’s worth a look just to see why so many of the “obvious” fraud prosecutions that journalists, pundits, and grandstanding politicians yell about are…