Tag: Bernie Madoff

Sometimes there is an event which puts every other event leading up to it into perspective.

Bernie Madoff summed it all up recently with 3 words.

“Fuck my victims.”

Finally a Representative body, that knows WHO they work for …

Class war breaks out in the U.K.

The Labor government announces a tax on exorbitantly-paid bankers. American populists gnash their teeth in envy

By Andrew Leonard, Dec 9, 2009

Unsurprising headline of the year: “U.S. Probably Will Avoid Matching U.K. 50 percent Bonus Tax.”

Alistair Darling, the U.K. Chancellor of the Exchequer, announced the tax — aimed squarely at overpaid bankers

[…]

From Bloomberg:

“There are some banks who still believe their priority is to pay substantial bonuses,” Darling said in Parliament. “I am giving them a choice. They can use their profits to build up their capital base. If they insist on paying substantial rewards, I am determined to claw money back for the taxpayer.”

Paul Krugman says the move is “entirely reasonable.” Justin Fox asks, “why the heck not?” Felix Salmon says “well done.”

But don’t expect a repeat across the pond.

http://www.salon.com/technolog…

Interesting … maybe the People CAN Fight back?

Welcome to the 21st installment of “Considered Forthwith.”

This weekly series looks at the various committees in the House and the Senate. Committees are the workshops of our democracy. This is where bills are considered, revised, and occasionally advance for consideration by the House and Senate. Most committees also have the authority to exercise oversight of related executive branch agencies.

Congress is still in recess (until Tuesday), but the committees are coming back to life and scheduling hearings. This week I will be taking a look at the House Committee on Oversight and Government Reform. This is the main investigative committee in the House. While most other committees have the power to conduct investigations, this committee exists to provide another layer of oversight. The committee also has jurisdiction over several specific operations of the federal government and the local affairs of the District of Columbia.