Reasons for despair: Zombie Ideas Won | 51 comments (51 topical, editorial, 0 hidden)

Re: Reasons for despair: Zombie Ideas Won (none / 0)

I should have mentioned that many private equity funds and hedge funds seem to have found a common position to take---no limits on executive compensation, no regulation, or we won't play.
Blackmail, pure and simple.

This can only reinforce the perception that the Obama administration is helpless before the power of the new robber barons- and that Geithner is their tool.

Capitalism searches out the darkest corners of human potential, and mainlines them.

by geezer in Paris (risico at wanadoo(flypoop)fr) on Mon Mar 23rd, 2009 at 02:43:51 AM EST
[ Parent ]

Re: Reasons for despair: Zombie Ideas Won (none / 0)

geezer in Paris:

I should have mentioned that many private equity funds and hedge funds seem to have found a common position to take---no limits on executive compensation, no regulation, or we won't play.
Blackmail, pure and simple.

Who has the strongest hand here? I don't think it's the speculators.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Carrie (migeru at eurotrib dot com) on Mon Mar 23rd, 2009 at 04:27:33 AM EST
[ Parent ]

Re: Reasons for despair: Zombie Ideas Won (none / 0)

Isn't there in Dune a saying that goes, he who can destroy a resource, controls it ? Can the hedge funds destroy the economic system ?

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Mon Mar 23rd, 2009 at 11:47:01 AM EST
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Re: Reasons for despair: Zombie Ideas Won (none / 0)

Only if banks provide the leverage...

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Carrie (migeru at eurotrib dot com) on Tue Mar 24th, 2009 at 09:03:22 AM EST
[ Parent ]

Re: Reasons for despair: Zombie Ideas Won (none / 1)

That position seems completely insane to me.

The hedgies and privae equity locusts are helpless, as long as we have the political will to take them down.

Tell them to play ball, and if they refuse they should all be prosecuted for treason and thrown into jail until the next great depression.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Tue Mar 24th, 2009 at 08:56:06 AM EST
[ Parent ]

Reasons for despair: Zombie Ideas Won | 51 comments (51 topical, 0 editorial, 0 hidden)

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