The normally reserved Tyler Durden’s outburst of contempt for miscreant Tim Geithner echoes my own determination that the useless ass-weed be condemned to a LIFE SENTENCE of community service in Afghanistan. But then, our socio-economic policy here in the U.S. is such a bizarre mutation of socialized corporatism … it escapes my vocabulary, if not the current lexicon, to describe it.
The proposed policy is essentially a subsidy [...]

In regard to regulating too-big-to-failness, the Wall Street Journal reports that:
The measure would also give the Federal Reserve the power to direct any large financial holding company to sell or transfer assets or stop certain activities if the central bank determined there could be a “threat to the safety and soundness of such company or [...]

At first reaction, it’s easy to side with Kenneth Feinberg and at least pretend to restrict executive compensation at bailout banks. But this is a reaction to the bailout, which never should have happened. 
What should have been done regarding executive compensation is absolutely nothing, as Napolitano rightly observes, because those banks, instead of being bailed out, should [...]

As I alluded to last month, there seems to be a growing consensus among some pretty astute historians, economists, financial analysts and bloggers that the FED-led U.S. fiscal policy in response to an unavoidable sovereign debt default is in fact intentional currency debasement. It is probably best expressed by Martin Weiss’ latest article:
Since the dawn [...]