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Author Archives: Chris
What Goldman Really Did Wrong
Unsurprisingly, apologists for Goldman and Wall Street have been coming out of the woodwork in the last few days. Goldman CEO Loyd Blankfein himself was on Charlie Rose last week, arguing that Goldman is a “market maker” – and therefore it’s not a big deal that they were shorting the housing market while simultaneously telling people to buy. He’s actually kind of right… There are a lot of things that Goldman did during the collapse of the housing market that could be construed as immoral, insensitive, or dishonest, but might not be “against the rules”. We may think it’s disgusting, but Goldman does that sort of thing all the time, as does everyone else on Wall Street. It’s called hedging, … More >>
Tagged economic issues committee, economics, financial crisis, financial services reform, goldman sachs
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What All That Money Just Bought Goldman…
Interesting article in the Washington Post – Goldman just gave it’s lobbying team an injection of steroids… a dream team of insiders: As head of its government affairs office, Goldman has installed Michael Paese, a former top aide on the House Financial Services Committee to Chairman Barney Frank (D-Mass.) and more recently an industry lobbyist. (Frank has barred Paese from lobbying his panel for two years, longer than what ethics rules require.) Paese’s team includes Faryar Shirzad, a top adviser to President George W. Bush on economic affairs; Eric Edwards, a former staff director of a House Financial Services subcommittee; Joyce Brayboy, who worked for Rep. Mel Watt (D-N.C.); Joe Wall, aide to former vice president Dick Cheney on legislative matters; Kenneth Connolly, … More >>
The Value Added Tax
Chris is Chair of the Economic Issues Committee. To get involved, email him at econ [at] gomyd [dot] com or come to the meeting tonight (Tuesday the 27th) at 7pm at the Starbucks on 29th Street and Park Avenue. For some reason, Saturdays on C-Span seem to be Tea-Party day. Over the last few months, I’ve been idling flipping channels and suddenly Sarah Palin or Ron Paul will pop up on my screen and I’ll find myself dragged in for an hour of morbid fascination. Last week, I ran across a Tax Day protest on the mall in DC… I didn’t catch anyone particularly compelling, although I did enjoy watching former Saturday Night Live star Victoria Jackson crash and burn with a totally … More >>
The Bailywick: Super Villain
That flyer in his hand is real. Help Beat Hiram Monserrate in Next Week’s Special Election (Information on how to volunteer)
Tagged Hiram Monserrate
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