Credit Writedowns » journalism

Wall Street’s Broken Windows

William Black — Wed, 07 Mar 2012 18:20:00 +0000

The troubling paradox is that the strongest proponents of “broken windows” theory and policies in the blue collar crime context are the strongest opponents of applying analogous policies in the elite white collar crime context

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Jon Stewart on Warren Buffett and the Class Warfare meme

Edward Harrison — Sat, 20 Aug 2011 13:30:38 +0000

Jon Stewart has noticed that Fox News is selling viewers on the view that ‘socialists’ like Warren Buffet and Barack Obama are engaged in class warfare. He presents an amusing view; take a look

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On Eurobonds and Italian default

Edward Harrison — Mon, 15 Aug 2011 17:30:54 +0000

The bottom line is this: many in Northern Europe see this crisis as the result of the fiscal profligacy of bad actors which were known before the Euro’s existence to be bad actors. All of these countries except Spain have been running huge deficits throughout the last decade. In my view, Edward Hugh makes the right macro assessment - Italy is the elephant in the euro room, not Spain - and asks the right questions: Can Italy Grow Its Way Out of Debt? If it can’t, eventually Italy will default and the euro will be finished

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Jon Stewart on Dickishness

Edward Harrison — Sun, 03 Jul 2011 00:00:46 +0000

Jon Stewart gives his opinion on Mark Halperin’s calling the President a Dick

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On Dickishness

Marshall Auerback — Fri, 01 Jul 2011 16:00:51 +0000

It may not have been the most felicitous choice of phrase, but Mark Halperin’s characterization of Barack Obama was not far off the mark, even if he did get suspended for it

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Why I Won’t Support More Bailouts

Guest Author — Wed, 11 May 2011 10:00:35 +0000

The following editorial by Timo Soini, the head of the True Finns party in Finland, on perceived corporatism in the EU bailouts of the eurozone periphery appeared in Monday's Wall Street Journal. We are reprinting it here because the original version was posted and then inexplicably edited, excising key bits of the argument. Below, the areas which are highlighted are the excised bits. (hat tip Karl Denninger.)

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More free money from Google for site scrapers

Edward Harrison — Tue, 26 Apr 2011 13:00:38 +0000

Back in December I wrote an article on how site scrapers were gaming Google's search algorithm in order to make advertising money from articles that they scrape from RSS feeds. Just after I wrote this piece, Google got religion about spam sites and revamped their search engine results to penalize content farms. Yet, the problem with scrapers still remains

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Fiat Justitia Ruat Caelum

William Black — Sun, 17 Apr 2011 16:45:29 +0000

It is one of the paradoxes of life that the most practical means to ensure that the system does not collapse is to insist on justice for all and to ignore demands for special treatment premised on claims that justice places the system at grave risk of collapse. Nietzsche argued that the ubermensch (generally translated as “Superman”) transcended the normal rules. The elites claim impunity from normal rules on the basis of their purported superiority and because they claim that they are so important that applying the normal rules to them will harm society. Some pigs are more equal than others. What any competent financial regulator learns is that the best way to destroy a financial system is to refuse to hold the elites accountable. Regulators that insist on doing justice prevent the heavens from falling.

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60 Minutes on The Next Housing Shock

Edward Harrison — Mon, 04 Apr 2011 13:30:07 +0000

"60 Minutes" aired a segment last night on the foreclosure fraud that we in the blogosphere have been discussing for sometime. See "Videos: Depositions of Alleged Robo-Signers From Nationwide Title Clearing" from November, for example. It’s good to see this issue go mainstream. The video is embedded below, but let me make a few comments

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SNL Spoof of Mark Zuckerberg of Facebook and Julian Assange of WikiLeaks

Edward Harrison — Mon, 20 Dec 2010 15:45:58 +0000

A funny look at Time's selection of Mark Zuckerberg for Person of the Year over Julian Assange

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