Category Archives: The Annals of Protest

Congress to America: Drop Dead

I’m not sure I know how to react to the news today that the House of Representative defeated the bill giving Treasury the ability to purchase mis-priced assets from the banking system.

As the market collapsed, $1.1 trillion was destroyed in falling share values held by Americans. That is much more than the $700 billion that Treasury requested. So we no longer have the $700 billion, and we lost another $400 billion. I can’t think of a better definition of “stupid”…

Posted in The Annals of Protest | Tagged , , | 2 Responses

Are Americans worthy of being saved?

Are Americans worthy of being saved?

During this financial crisis I have been wandering the halls of academia, blog space and the business world and I’m shocked by our people’s lack of comprehension about what is going on in the economy. The misperceptions about the current banking crisis, its seriousness, the implications, and potential solutions defy understanding. There are times when I just shake my head.

I have found that the groups of incomprehension fall into four camps…

Posted in The Annals of Protest | Tagged , , , | 9 Responses

Comments on the current crisis – Regulation

As a follow on to my last post, and in the spirit of more regulation is good (the protest cry from the streets these days following Wall Street’s crisis), here are two ideas where we might be able to do more with less:

Fedealize insurance regulation, and adopt principles based accounting.

As quaint as state insurance regulation is, and as well intentioned as Sarbanes-Oxley (SOX) was, its time for both to go. This is such a no brainer that it will never get done…

Posted in The Annals of Protest | Tagged , , , , , , , , , | Leave a comment

Comments on the current crisis

An angry and probably jealous nation is getting ready to make some big mistakes in financial industry regualtion.

Given that the media has been driven into a psychotic incoherent rage, first over the popularity of Sara Palin, and then by the incomprehensibility of a credit crunch that they really don’t understand but are absolutely convinced was done deliberately by people richer than they, to this there will be only one tolerable response: Criminalize more behavior.

The results will not be good…

Posted in The Annals of Protest | Tagged , , , , , | Leave a comment

2008 drummers beating in unison

The future wealth of a nation is built with pollution and by the looks of it, the future wealth of China will be awesome.

The scenes from today’s Olympic cycling road race in Beijing were stunning. NBC shot beautiful high definition video of the ancient city with its Asian filigree, curved cornices and dragon motifs…

Also posted in Best Of | Tagged , , , , , , | 4 Responses

No more buildings! Not even for them!

Their relevance in decline, aging tie-dyed protesters take on the so far unseen plans for The New School’s expansion. “We will stop them at any cost, whatever it is that they might be doing!”

The irony is luscious …

Posted in The Annals of Protest | Tagged , , , , | Leave a comment