Wall Street Journal columnist David Weidner has some choice words for Phil Angelides and the Financial Crisis Inquiry Commission this morning. In short, he thinks the commission is just spinning its wheels, issuing worthless subpoenas and basically sputtering out. Perhaps they should take up Debrahlee’s cause.
The commission is in full treadmill mode now, trudging the same ground over and over. It’s short of revelations, insight and fireworks. It meanders from one thoroughly worn-out topic to the next. Its investigators have come up empty in their search for a mythic smoking gun. Its hearings produce tired observations: ratings companies are conflicted, banks bet against their clients, lending standards were lax, incentives fueled reckless behavior.
Then there’s my favorite epiphany scoured from two days of testimony last month: a system of unregulated shadow banks — hedge funds, credit and finance companies, private equity — played a significant role. Next up: the commission will look into how oil may be fouling the Gulf of Mexico.
Washington’s Wall Street Inquiry: Boring, Buffeted and Bland [WSJ]
Ooooh, BURN.
Hey Kouwe, keep on fuckin’ that chicken.
Your biggest fan,
Ernie Anastos
how about kicking Phil Angelides in his p#ssy…..
@3 – Never kick a man in his pussy.
rabble rabble rabble
At least the Brits have the good sense to stand up and defend BP when the populist BS gets too extreme. How will BP pay for clean up costs if we boycott them and put them out of business? Our politicians want to kill corporate america, Wall Street and our economy to feed the mad populist beast. Marc Farber may be right that it is time to get some land away from the city and stock up on ammunition, seeds and fuel.
Yes Kouwe, no.
@6, So true. Are we all not to blame for the spill? As consumers are we not demanding this oil so that energy may be cheap for us to consume? Did BP really want this accident? I think not. They were unfortunate that it happened on their watch, but honestly it could have been XOM or someone else, statistically speaking.
The politicians just plain suck. Did we not already subsidize affordable housing for the masses by our taxpayer funded entities FNM and FRE in the first place? Now we will get stuck with the bill in the end to clean up this mess, not only for bailing out FNM and FRE, but we keep piling more cash into them to support housing for the masses. And, as a Wall Streeter that tells me that housing is going lower due to artificial support = low rates. At the end of the day the regional job market supports local housing prices, and prices just plain ain’t gonna hold if this economy is stuck in a funk.
The US risk / reward for business and capital is not as favorable as it should be due to government interference in the economy, which causes all sorts of unintended consequences. Did our founding fathers envision owning AIG and Citi? Of course this is an extreme view, but is government providing the necessary environment for businesses to grow and flourish?
We are all so f#cked……are we the sheep or the herder?
Shut the fuck up Kouwe
I spilled the oil
I have oil on my face
@8 – You know what really sucks? Your mom. I banged her up the ass with a sheepskin condom. So I was both the sheep and the herder.
A bunch of Brits spotted dumping Venti, Tazo Chai Tea Lattes in the Thames as we speak.
Stop pushing the envelope, Obama. Stop protecting Halliburton.
You drink your milkshake.
Kouwe needs a swift kick in the ass!
@12 you are a loser and if I ever met you I would kick your a$$ up and down Broad and Wall for all to see
Venti is twenty. Large is large. In fact, tall is large. And Grande is Spanish for large. Venti is the only one that doesn’t mean large. It’s also the only one that’s in Italian. Congratulations, you’re stupid in three languages…
@12 Bravo
@17 CAN WE GET THE JOKE BRIEFER IN HERE?
@17 = Paul Rudd quote from Role Models. Its a funny line. I like angry Rudd.
/guy who likes him some Rudd
@16 – Bring it on you fucking pussy. Meet me in front of 60 Wall at 3pm. I’ll be big, black, and ugly as ever. I’m going to tear your shit up – like I did your mom.
@20 i don’t see race
not 16
@12 and @20 – mother jokes are so 7th grade. Things must be slow in operations today, not enough tickets to book to occupy your time? Apparently you are not black, but you are a loser and a racist.
Bess please block the troll using this isp, this person has no redeeming value on this site.
Kouwe,
Have you noticed by now that none of us care about the opinions of people who work at newspapers? Not even the slightest bit?
If you can’t do, then teach. If can’t teach, then report. If you can’t even report, then just give your opinion on shit you know nothing about and hope people don’t notice you’re a putz
You can’t even get people to forget you’re a putz
Why does not everyone take a break, this Kouwe thing is getting old, give the guy a break.
Remember when you were new in the office and every prick piled on there bullshit, except here it is done anonymously.
Why not make the rest of today and tomorrow be nice to Kouwe day.
@8
you apparently have a newborn child’s grasp of the economic concept popularly known as “negative externalities”
did our limey-hating founding fathers envision oil spewing across the deep south? do you think a rural-agriculturalist like Jefferson would have shrugged and said “enh, just the result of doing business?”
@25
No, he would have adorned his head with a feather and let a tear slide down his cheek. Possibly while sitting on a spotted horse.
How many sham-wows would it take to clean up the oil spill? Bear in mind it’s machine washable, bleachable and lasts 10 years?
@27 – according to my calculations, approximately 14.5. HTH, HAND.
–Lehman Quant
llFALI Great, thanks for sharing this article post. Want more.
A big thank you for your blog post.Much thanks again. Fantastic.