Thursday, November 10, 2011

Today's Links of Interest

Mike Mayo: Why Wall Street Can't Handle the Truth (How sounding the alarm got him in hot water, and what we can do now to reform the banking industry.)

Nassim Nicholas Taleb: End Bonuses for Bankers (Another idea to solve our banking industry problem.)

Mark Steyn: Corporate Collaborators A snippet:
On Wednesday, the “Occupy Oakland” occupiers rampaged through the city, shutting down the nation’s fifth-busiest port, forcing stores to close, terrorizing those residents foolish enough to commit the reactionary crime of “shopping,” destroying ATMs, spraying the Christ the Light Cathedral with the insightful observation “F**k,” etc. And how did the Oakland city council react? The following day they considered a resolution to express their support for “Occupy Oakland” and to call on the city administration to “collaborate with protesters.”
Walter Russel Mead: Occupy Blue Wall Street? A snippet:

Blue, government-oriented Wall Street; the professional do-gooders and the progressive intellectual and foundation establishment; the unionized government workforce; and the beneficiaries of social programs: this is the blue coalition.  Many blue partisans don’t fully get this; they think of Wall Street as the enemy without fully grasping the essential role that the financial community plays in the creation and administration of blue policy.  The participation in and support of blue social and economic policies by American finance both enables and shapes those policies, and it was the belief on Wall Street in the 1940s and 1950s that the blue social model provided the most effective path for national economic development that created the postwar commonwealth, which many blue activists today hope to restore.
James Taranto: The Obamaville Riots

The Onion: Remains of Ancient Race of Job Creators Found in Rust Belt

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