May 2012
10 posts
1 tag
More filibuster facts
More filibuster facts:
“Between 1840 and 1900, there were 16 filibusters. Between 2009 and 2010, there were more than 130.”
“At the time of the country’s founding, seven of the 13 states, representing 27 percent of the population, could command a majority in the Senate. Today, with the filibuster, 21 of the 50 states, representing 11 percent of the population, can muster...
4 tags
The rise of the filibuster in one graph
More here.
Eliot Spitzer on Jamie Dimon
Most folks would be surprised to find out that he sits on the board of the New York Federal Reserve Bank—the very organization that is supposed to oversee his bank’s financial practices, the organization that is supposed to issue all sorts of regulations that control what his bank can do, the very organization he has been lobbying to relax the rules about the bets he wants to make.
So here is...
'The fundamental truth' of JP Morgan's screw-up
But the fundamental truth here is the one known since Adam (Smith, that is) and amplified by the great financial economist Hy Minsky: humans underprice risk. Their proclivity to do so increases as the business cycle progresses and confidence takes over (remember, JP’s bet was unwound by the fact that the economy wasn’t as strong as they thought). The advent of a global derivatives market with...
“But at its core, Harvey believes that Burning Man hews closely to the true...”
– The main-street Republican values of … Burning Man? - The Washington Post
“The United States is running out of helium. Yes, helium. Thanks, in part, to a...”
– Congress turns its attention to… America’s helium crisis - The Washington Post
“In other words, JP Morgan Chase, entirely without any help from the government...”
– Barnie Frank piles on. HT Peter Thal Larsen. (via ftalphaville)
