Heard, or read, not long ago someone (frmr congresscritter? Brain blank) saying they thought part of the super-partisan hatefulness on Capitol Hill today, compared to say 15 – 20 yrs ago, was that most no longer bring their families with them. Instead they travel home every weekend (also to campaign/raise money/see constituents) and are not around to socialize with each other, therefore never really get to know people in other party. When they had more social contact evenings and weekends, they were less likely to demonize the “other” side the way they do today.
So, living in office because they’re maintaining the family back home, instead of selling the district home and buying/renting in DC, bringing the family and settling them in. Even on $200k, at DC prices, handling 2 mortgages could be difficult.
Not saying I approve; when I took my job in rural Okla and noticed the shiny new (renovated storefront) office had a shower, I had a bad feeling about expectations… As it happened, we opened at height of gas patch boom of the early ’80′s, housing was tought to find, and our new paralegal (we were all new, it was a newly opened office) did live there several weeks til she found an affordable place.
Wall Street bankers no longer evaluate risk well, allocate capital well, or aggregate capital efficiently. They are a drag on our economy and efficient markets. According to Paul Volcker, financial innovation over the last 30 years has added only one useful element to our economy …. the ATM.
Dimon and company should just STFU. They crashed the economy, we bailed them out for their stupid greedy behavior, and now their feelings are hurt because we remind them that their wealth was based on a perfect storm that they lobbied for and manufactured. It was one which merged:
- a Ponzi scheme of unregulated derivatives;
- regulatory capture;
- Mr. Andrea Mitchell worshipping the slut Ayn Rand’s philosophy of deregulation;
- Washington/main stream media/Wall Street/Very Serious People group think;
- cops on the beat averting their eyes;
- cops taken off the beat of white collar crime to fight terrorism;
- journalists learning nothing from Enron;
- journalists intimidated because they don’t understand math;
- budget cuts in journalism;
- predatory lending;
- rampant mortgage fraud the FBI warned about in 2004;
- Moodys and S&P having perverse incentives to give triple AAA ratings to lousy securities;
- the economics profession subject to “academic capture”
…..the list goes on and on.
Dimon and his fellow travelers are lucky they aren’t in jail.
If you don’t have time to see the movie, for fun viewing, check out the trailer to Inside Job.
http://www.sonyclassics.com/insidejob/
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NBC Nightly <b>News</b> Report on Toomer's Poisoning - Track Em Tigers
Your best source for quality Auburn Tigers news, rumors, analysis, stats and scores from the fan perspective.
How To Use Facebook's <b>News</b> Feed Filters
Facebook hasn't formally explained the latest upgrade to news feed filters, and some users are confused. Some postings describe the default settings almost like a grand conspiracy to hide updates. Let's set the record straight.
Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.
24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.
bench craft company scam
NBC Nightly <b>News</b> Report on Toomer's Poisoning - Track Em Tigers
Your best source for quality Auburn Tigers news, rumors, analysis, stats and scores from the fan perspective.
How To Use Facebook's <b>News</b> Feed Filters
Facebook hasn't formally explained the latest upgrade to news feed filters, and some users are confused. Some postings describe the default settings almost like a grand conspiracy to hide updates. Let's set the record straight.
Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.
24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.
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NBC Nightly <b>News</b> Report on Toomer's Poisoning - Track Em Tigers
Your best source for quality Auburn Tigers news, rumors, analysis, stats and scores from the fan perspective.
How To Use Facebook's <b>News</b> Feed Filters
Facebook hasn't formally explained the latest upgrade to news feed filters, and some users are confused. Some postings describe the default settings almost like a grand conspiracy to hide updates. Let's set the record straight.
Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.
24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.
bench craft company scam
NBC Nightly <b>News</b> Report on Toomer's Poisoning - Track Em Tigers
Your best source for quality Auburn Tigers news, rumors, analysis, stats and scores from the fan perspective.
How To Use Facebook's <b>News</b> Feed Filters
Facebook hasn't formally explained the latest upgrade to news feed filters, and some users are confused. Some postings describe the default settings almost like a grand conspiracy to hide updates. Let's set the record straight.
Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.
24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.
bench craft company sales
NBC Nightly <b>News</b> Report on Toomer's Poisoning - Track Em Tigers
Your best source for quality Auburn Tigers news, rumors, analysis, stats and scores from the fan perspective.
How To Use Facebook's <b>News</b> Feed Filters
Facebook hasn't formally explained the latest upgrade to news feed filters, and some users are confused. Some postings describe the default settings almost like a grand conspiracy to hide updates. Let's set the record straight.
Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.
24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.
benchcraft company scam
NBC Nightly <b>News</b> Report on Toomer's Poisoning - Track Em Tigers
Your best source for quality Auburn Tigers news, rumors, analysis, stats and scores from the fan perspective.
How To Use Facebook's <b>News</b> Feed Filters
Facebook hasn't formally explained the latest upgrade to news feed filters, and some users are confused. Some postings describe the default settings almost like a grand conspiracy to hide updates. Let's set the record straight.
Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.
24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.
bench craft company sales
NBC Nightly <b>News</b> Report on Toomer's Poisoning - Track Em Tigers
Your best source for quality Auburn Tigers news, rumors, analysis, stats and scores from the fan perspective.
How To Use Facebook's <b>News</b> Feed Filters
Facebook hasn't formally explained the latest upgrade to news feed filters, and some users are confused. Some postings describe the default settings almost like a grand conspiracy to hide updates. Let's set the record straight.
Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.
24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.
bench craft company sales
NBC Nightly <b>News</b> Report on Toomer's Poisoning - Track Em Tigers
Your best source for quality Auburn Tigers news, rumors, analysis, stats and scores from the fan perspective.
How To Use Facebook's <b>News</b> Feed Filters
Facebook hasn't formally explained the latest upgrade to news feed filters, and some users are confused. Some postings describe the default settings almost like a grand conspiracy to hide updates. Let's set the record straight.
Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.
24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.
benchcraft company scam
NBC Nightly <b>News</b> Report on Toomer's Poisoning - Track Em Tigers
Your best source for quality Auburn Tigers news, rumors, analysis, stats and scores from the fan perspective.
How To Use Facebook's <b>News</b> Feed Filters
Facebook hasn't formally explained the latest upgrade to news feed filters, and some users are confused. Some postings describe the default settings almost like a grand conspiracy to hide updates. Let's set the record straight.
Ten American Companies With The Best <b>News</b> For 2011 - 24/7 Wall St.
24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the likely long-term effects of the event.
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