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  • Political Theatre
    became the guy everyone was going to blame Reuters Kristin Ridley Reuters 08 03 15 The dream of financial traders is no longer merely to have the houses the cars the bling and enough money to live like royalty it s to be promoted high enough never to have to fear prosecution DW Permalink Posted at 3 29 PM Tagged libor ubs citigroup citibank corruption regulation middle managers 2008 financial

    Original URL path: http://politicaltheatre.net/tagged/citibank (2016-05-02)
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  • Political Theatre
    our fault We of course couldn t imagine taking credit for the series of scandals plaguing the Obama administration this past month If we re being honest we don t even want them to last We have enough problems and for the most part these scandals aren t even very entertaining The deaths of four Americans not to mention a whole lot of Libyans in Benghazi Libya last September were tragic and they were most certainly avoidable They were also the fault of everyone in the federal government not just the one man congressional Republicans want to hurt Whatever lessons could be taken from the incident lessons that could save lives in Syria for instance have been set aside in the reckless pursuit of traction Even their own email scandal has failed to put the brakes on yet another round of subpoenas Perhaps that s because of the remarkably uninteresting IRS scandal which seems a whole lot less scandalous if you know anything about how the federal government is supposed to work And the ones making the biggest stink just happen to be the ones who should and do know better Surely we can all agree profiling is wrong but where was the outrage when progressive groups were audited by the Bush administration Oh yeah For all of those feigning outrage at what the President knew and when he knew it Worse than Nixon Really the one leading the charge may have known it even sooner That of course makes sense considering House Oversight is supposed to know more about what the IRS is doing than the White House Which makes this whole thing kind of embarrassing If anyone currently at the IRS learns a lesson from this let s hope they at least find a way to keep their jobs We may not like paying taxes but these guys are on the front lines of enforcing regulations and we need them So then with two late spring blockbusters flopping that leaves the Justice Department s fixation on leaks to save the Republican s summer This is actually more than one scandal first they seized Associated Press phone records second they named a FOX NEWS reporter a co conspiritor in a leak about North Korea That they targeted journalists sadly is the true reason it became newsworthy The Obama administration of course has been going after leaks for years And they ve been aggressive For the most part we ve never heard their names or read their stories in the paper or online And we won t They weren t journalists They were whistleblowers civil servants and government contractors who believed that they were doing their jobs who were trying to save American lives The Obama administration has prosecuted them in record numbers and now it threatens to undermine civil service protections allowing whistleblowers to be fired without recourse We don t see the Republicans complaining about that We won t It doesn t help them They need something that points away from the damage they ve been doing not towards it So determined have Republicans and their sponsors been to distract everyone from the economic inequality pollution and workplace safety deregulation and the lingering hatred spawned by the invasion of Iraq that they ve done nothing but try to make Obama fail even when Obama agrees with them Doing that has accomplished nothing but drawing attention to themselves for trying And lying In doing this they helped Obama win reelection In denying it they ve made themselves not Obama the focus of America s attention So long as Republicans threaten filibusters on serious issues while staging ceremonial non binding votes on frivolous ones they ll continue to take our attention away from President Obama And don t think he doesn t appreciate it So long as Republicans are content to obsess over scandals likely forgotten by Labor Day Obama won t have to talk about tax breaks for massive corporations He won t have to talk about why his Attorney General hasn t thrown half of Wall Street in jail He won t have to talk about drone strikes and amendments the right wing cares a bit less about and punishing whistleblowers and fracking and the Keystone XL pipeline Obama has indeed been very lucky in his enemies Daniel Ward Permalink Posted at 7 07 PM Tagged barack obama republicans eric cantor John Boehner Mitch McConnell Paul Ryan Lyin Ryan libya benghazi syria eric holder drones whistle blowing darrell issa regulation enemies politics 2012 presidential election Driven To Distraction May 27 Robert Reich Why Democrats Can t be Trusted to Control Wall Street robertreich Who needs Republicans when Wall Street has the Democrats With the help of congressional Democrats the Street is rolling back financial reforms enacted after its near meltdown According to the New York Times a bill that s already moved through the House Financial Services Committee Reblogged from robertreich 179 notes Permalink Posted at 9 01 AM Tagged wall street citigroup robert rubin bill clinton peter orszag barack obama jack lew democrats regulation tim geithner derivatives lobbying Political Theatre May 13 This Video Of One Half Second Of High Frequency Trading Is Insane Terrifying Mark Gongloff Huffington Post 05 09 13 Permalink Posted at 5 09 PM Tagged wall street regulation savage inequalities Political Theatre Mar 16 JPMorgan bullied bank regulators report says The documents and testimonies show a dynamic Executives at the nation s largest bank at times bullied federal examiners The examiners at times gave in Danielle Douglas Washington Post 03 15 13 Also JPMorgan Chase CEO Jamie Dimon is accused of hiding information about big losses And if you can stand a little more Jamie Dimon Email Directly Ties JPMorgan CEO To 6 2 Billion Fiasco Bonnie Kavoussi Huffington Post 03 15 13 What did Jamie Dimon know and when did he know it I think we have our answer DW Permalink Posted at 1 39 PM Tagged jamie dimon JPMorganChase wall street

    Original URL path: http://politicaltheatre.net/tagged/regulation (2016-05-02)
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  • Political Theatre
    became the guy everyone was going to blame Reuters Kristin Ridley Reuters 08 03 15 The dream of financial traders is no longer merely to have the houses the cars the bling and enough money to live like royalty it s to be promoted high enough never to have to fear prosecution DW Permalink Posted at 3 29 PM Tagged libor ubs citigroup citibank corruption regulation middle managers 2008 financial

    Original URL path: http://politicaltheatre.net/tagged/middle-managers (2016-05-02)
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  • Political Theatre
    Man became the guy everyone was going to blame Reuters Kristin Ridley Reuters 08 03 15 The dream of financial traders is no longer merely to have the houses the cars the bling and enough money to live like royalty it s to be promoted high enough never to have to fear prosecution DW Permalink Posted at 3 29 PM Tagged libor ubs citigroup citibank corruption regulation middle managers 2008

    Original URL path: http://politicaltheatre.net/tagged/2008-financial-crisis (2016-05-02)
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  • Political Theatre
    Man became the guy everyone was going to blame Reuters Kristin Ridley Reuters 08 03 15 The dream of financial traders is no longer merely to have the houses the cars the bling and enough money to live like royalty it s to be promoted high enough never to have to fear prosecution DW Permalink Posted at 3 29 PM Tagged libor ubs citigroup citibank corruption regulation middle managers 2008

    Original URL path: http://politicaltheatre.net/tagged/the-cheating-culture (2016-05-02)
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  • Political Theatre - Joseph Stiglitz: how I would vote in the Greek...
    I would vote in the Greek referendum Business The Guardian Joseph Stiglitz The Guardian 06 29 15 Permalink Posted at 12 52 PM Tagged greece economics austerity imf troika the eurozone the european union leverage politics Political Theatre View the

    Original URL path: http://politicaltheatre.net/post/122863894248/joseph-stiglitz-how-i-would-vote-in-the-greek (2016-05-02)
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  • Political Theatre
    The Euro wasn t designed for this They don t have a Commerce Clause making sure banks in Greece operate the same ways as they do in Germany What they do have is patchwork with what are clearly some alarming gaps in its fabric The weakest point ironically may be at its core Germany At the start Germany didn t want to have to treat its poor neighbors as equals risking slowing down its economy in order to help the others catch up a fear that some in Britain and elsewhere played up in campaigning against a common currency Germany had the advantage as the richest and most powerful nation and they took it A loose confederation worked to their favor because it allowed them to profit while letting the others looks out for themselves And then the wheels started falling off to date six of them Now Germany stands in the center the fallen nations ringing them more dependent on them than ever This is partly a product of that short sighted flaw in the design of the currency system and partly the product of Germany s equally short sighted solution championed by Chancellor Angela Merkel austerity This is mostly to keep rich people from having to foot the bill for saving their dependents if you here calls for austerity anywhere that s really what it is and it is having the response you might expect Cutting spending without increasing revenue simply kicks real institutional decisions down the road while putting millions more out of work The Euro isn t going anywhere Nor is the Eurozone Its members have too much invested in the longterm success of the experiment to let it fail so quickly and so easily At some point the exceptionalism enjoyed and employed by Germany and to a slightly lesser extent France will have to give way to an acceptance that they now have equal partners in every Eurozone member no matter how small or backward they d like to tell themselves they are That s how the American economic experiment has worked through massive failure followed by application of lessons hard learned Eventually Daniel Ward Permalink Posted at 11 56 PM Tagged the european union the eurozone the euro economics politics Germany Greece France Ireland Italy Spain Portugal Cyprus britain Beggar Thy Neighbor May 25 Bankers At The Gates Peter Frankopan New York Times 05 24 12 The more things change the more they stay the same DW 2 notes Permalink Posted at 7 54 PM Tagged Greece European Union eurozone crisis economics decline and fall of the Political Theatre May 08 Going To Extremes France went Left and Greece went Right Well not exactly but that s the short of it for short attention span writers breaking it down for what they hope are short attention span readers The truth as always is more complicated and complicated doesn t sell product The French did vote to go Left but only by comparison with the

    Original URL path: http://politicaltheatre.net/tagged/greece (2016-05-02)
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  • Political Theatre
    austerity Jun 30 Joseph Stiglitz how I would vote in the Greek referendum Business The Guardian Joseph Stiglitz The Guardian 06 29 15 Permalink Posted at 12 52 PM Tagged greece economics austerity imf troika the eurozone the european union

    Original URL path: http://politicaltheatre.net/tagged/austerity (2016-05-02)
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