Tag Archives: bailout

Boeing’s Bean Counter Culture and Mass Financialization

The demise of Boeing culminated in late-2018 and early-2019 when the company’s revamped 737, the 737 MAX, suffered two systems malfunction induced crashes. This prompted aviation authorities around the world to ground the 737 MAX. Continue reading

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Is the Fed Secretly Bailing Out a Major Bank?

The promise of something for nothing is always an enticing proposition. Who doesn’t want roses without thorns, rainbows without rain, and salvation without repentance? So, too, who doesn’t want a few extra basis points of yield above the 10-year Treasury note at no added risk? Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 4 Comments

Good Riddance Lloyd Blankfein!

“God gave me my money.” – John D. Rockefeller One and the Same Today we step away from the economy and markets and endeavor down the path less traveled.  For fun and for free, we wade out into a smelly … Continue reading

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Compulsory Profits Off the Back of Every American

In the fall of 2009, back when the sky was falling, Goldman Sachs’ top man, Lloyd Blankfein, explained to The Times of London that his bank was doing “God’s work.”  At the time we weren’t sure what Blankfein was getting … Continue reading

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