Phil Gramm is unrepentent.
"Mr. Gramm said the problem of predatory loans was not of the banks’ making. Instead, he faulted “predatory borrowers".
"Mr. Gramm, ever the economics professor, disputes his critics’ analysis of the causes of the upheaval. He asserts that swaps, by enabling companies to insure themselves against defaults, have diminished, not increased, the effects of the declining housing markets."
“This is part of this myth of deregulation,” he said in the interview. “By and large, credit-default swaps have distributed the risks. They didn’t create it. The only reason people have focused on them is that some politicians don’t know a credit-default swap from a turnip.”
A nation of outlaws.
A century and a half ago, another fast-growing nation had a reputation for sacrificing standards to its pursuit of profit, and it was the United States.
How Niagara Mohawk and Enron brought energy deregulation to the US. Greg Palast
explores the links between Mohawk, Enron, Bush I, and George Pataki and how their successful attempts at deregulation has left the US with a weaker grid and more expensive energy.
One of the left's strongest allies in the war against media conglomeration is... Barry Diller! Weeks after telling
the National Association of Broadcasters that their industry needs "more regulation, not less," Diller speaks to Bill Moyers.
Bigger than Enron. Why the largest business scandal in American history is just the tip of the iceberg--and why investors should care.
PBS Frontline aired this expose of the Enron/Anderson scandal last night. Included in the report were details of how deregulatory fervor in Congress enabled these sheisters to invent profits out of thin air
So if we're saving all this power, is it doing any good?
California is rapidly serving as an object lesson to any state thinking about deregulation...mainly, an object lesson in how not to do it
. Without dragging anyone through another painful discussion as to who is at fault and what has to be done, I wonder...does anyone have any idea if California's conservation efforts are doing any objective good? Somehow, I doubt it.
Advertising on Your GPS Reciever
It looks like advertisers are already dreaming up new uses for the higher quality GPS signals.
"You're walking down the block, your phone goes off as you pass every store and tells you that there's a 50-percent-off sale."
Someone remind me why it was a good idea to deregulate the GPS?