This article was first published in The Daily Banter
Last month, shareholders finally rebelled against Citigroup, the worst of the Too Big To Fail bailout disasters, by filing a lawsuit against outgoing chairman Dick Parsons and handful of executives for stuffing their pockets while running the bank into the ground.
Anyone familiar with Dick Parsons’ past could have told you his term as Citigroup’s chairman would end like this: Shareholder lawsuits, executive pay scandals, and corporate failure on a colossal scale. It’s the Dick Parsons Management Style. In each of the three companies Parsons was appointed to lead, they all failed spectacularly, and somehow Parsons and a handful of top executives always walked away from the yellow-tape crime scenes unscathed. (more…)
Exiled editor Mark Ames went on RT’s “The Alyona Show” on Wednesday to spread his message of hopelessness, so long as America remains in the grip of a failed oligarchy and their failed free-market ideology. Watch the clip here:
The three year bad joke that is the Obama administration delivered its punchline last night, and as expected, it just wasn’t very funny. So, for the last time I will tell you progressives, liberals, Democrats whatever it is you ascribe to: This president will not be reelected. Your president is d-u-n-n, dunn!
This article by Yves Smith is cross-posted from Naked Capitalism. Washington DC appears to be readying itself for a repeat of the TARP, namely, the passage of unpopular legislation to appease the Market Gods (and transfer even more income from…
The price of oil hit $125 today, a 33 percent increase since the start of the year, and will probably keep going up. For those wondering “why,” there’s a new theory that explains everything.
Yes, the Kochs are everywhere. Even under our feet. See that plush red and blue carpet cascading down the steps of the United States Capitol building, framing President Barack Obama as he makes his historic inaugural address? It’s made from…
This classic “prank” first published in the summer of 1999 ranks as one of the eXile’s least-successful pranks (which paradoxically made it x-tra annoying) on our longtime nemesis Michael McFaul–formerly a top Clinton USAID official in Moscow, Carnegie Endowment and…
Maybe somebody could explain Facebook to me. I’m on it and I still don’t get it. I hate it without understanding it, like a dog barking at a vacuum cleaner. Facebook’s in the news for violating people’s privacy and selling…
This article was first published in Alternet. A lot of us have been wondering, despondently, why the Hell Barack Obama is keeping Timothy Geithner on the job as Treasury Secretary, given his central role in the plunder of trillions of…
Sometimes you just want to see a lot of people die, but if you did anything about it in real life, you’d get entangled in a lot of red tape. So you head off to the cinema instead and watch…
This article was first published by Vice magazine. It was a hot day, still 98 degrees at 6 PM, as I zoomed through gridlock on my freshly fixed 1979 Kawasaki KZ-400, squeezing between the monster trucks and lifted SUVs clogging…
[Interview with Ames starts at 2:00 mark] Mark Ames appeared on MSNBC earlier this week as a guest on Dylan Ratigan‘s new “Morning Meeting” show. Ames squared off against Jack Matlock, ex-American ambassador to the Soviet Union, now known as perhaps the…
He knows his wife knows. So he ups and leaves for five days, doesn’t leave anybody in charge of the state, in case there’s an emergency…This is almost like: I don’t give a damn! Country’s going to hell in a…
Is Larry Summers taking kickbacks from the banks he’s bailing out? Last month, a little-known company where Summers served on the board of directors received a $42 million investment from a group of investors, including three banks that Summers, Obama’s…
VICTORVILLE, Calif. — Ever since it became clear that Barack Obama would be our next president, there’s been an unprecedented run on guns ‘n ammo in America. Partly this is fueled by fears, some justified, some not, that Obama will…
This afternoon, groups of angry conservatives will gather on street corners and in parks across the country to protest. They will carry signs and deliver speeches expressing outrage over the Democrats’ stimulus bill, over entitlements, over budget pork, over taxes….
This year, Sundance got shoved back toward its mid-‘80s roots as a small nowheresville festival in an ugly ski town showcasing bad independent films nobody wants to buy or see.
Statement of the Grand Inquisitor: On rare occasions, certain people are brave, and must be commended.
