Group Think, Duct Tape and Slam Dunks
Year: 2009
The Official Failures of Rebuilding Iraq
Official history details failures of rebuilding Iraq INTERNATIONAL HERALD TRIBUNE By James Glanz and T. Christian Miller Sunday, December 14, 2008 BAGHDAD: An unpublished, 513-page federal history of the U.S.-led reconstruction of Iraq depicts an effort crippled before the invasion by Pentagon planners who were hostile to the idea of rebuilding a foreign country, and […]
MoreSmall Banks Getting Short End of Tarp Bat
SEEKING ALPHA William Patalon III Bank of American Corp. (BAC), which is getting $15 billion from the U.S. government as part of the Treasury Department’s $250 billion “recapitalization” effort, is doubling its stake in state-owned China Construction Bank Corp., and will hold a 20% stake worth $24 billion in China’s second-largest lender when that deal […]
MoreThe 17th Floor, Where Wealth Went to Vanish
The 17th floor, where wealth went to vanish By Diana B. Henriques and Alex Berenson Monday, December 15, 2008 The epicenter of what may be the largest Ponzi scheme in history was the 17th floor of the Lipstick Building, an oval red-granite building rising 34 floors above Third Avenue in Midtown Manhattan. A busy stock-trading […]
MoreGuess What? That Whole “Limit on Executive Pay” Thingy in Bailout is Bunk
Executive Pay Limits May Prove Toothless Loophole in Bailout Provision Leaves Enforcement in Doubt By Amit R. Paley Washington Post Staff Writer Monday, December 15, 2008; A01 Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation […]
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