Archive for August 31st, 2009

The other shoe just dropped

Monday, August 31st, 2009

http://www.reuters.com/article/marketsNews/idUSN2414172020090824

The NY Federal Reserve Bank (the most important) has just announced that the head of the AFL-CIO in New York is being named to be the chairman of the NY Fed (the job that Tim Geithner held last year).

All is clear now who is calling the shots and in control of our federal  government.    There is no reasonable reason why a labor union thug  should be making banking policy.   The coup has happened.

Or if you are slightly less pessismistic, Goldman Sachs just got their butt kicked out of any role in making monetary policy.

Bankruptcy Watch – Freedom Communications

Monday, August 31st, 2009

http://online.wsj.com/article/SB125166593642570507.html

The operator of the Orange County (California) Register is preparing to join the string of major newspapers who have filed for bankruptcy.  When all the newspapers are dead, where will Matt Drudge get his news?

Not to worry, the Obama administration is starting to put together a task force to study how to “fix” the newspaper business.   Maybe they’ll create a government run news service to keep us informed on what we need to know.