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January 05, 2009
111th Congress: The Hill watching the watchers.
See, e.g., the Los Angeles Times and Bloomberg. The House Financial Services Committee takes a stab today at the SEC's past monitoring of the Madoff funds' business and investment methods, which some SEC employees had allegedly regarded as "questionable" and off the wall. SEC’s inspector general David Kotz, among others, get questioned.
Posted by Holden Oliver (Kitzbühel Desk) at 11:59 PM | Comments (0)
Force-starting the economy: one way out?
See at Reuters "Japan's Yosano Says Quantitative Easing May Not Work". In "quantitative easing", governments flood the banking system with new money to promote lending; it generally happens when lowering "official" interest rates doesn't do anything because rates are close to zero. But doing that now, when you're already in debt up to your wazoo, doesn't make that much sense to WAC?, and hey we majored in English. But people like Japan's finance minister and Tel Aviv's Shalom Hamou--who commented here recently via a press release which is now all over the Net--are worried.
Allman Brothers perform "One Way Out", former U.S. national anthem circa 1971/traditional philanderer folk ballad.
Posted by Holden Oliver (Kitzbühel Desk) at 12:28 AM | Comments (0)