The Good
- Michigan Supreme Court Rules that 3.75 Billion in JP Morgan mortgages are voidable. Steve Dilbert at MFI-Miami 12-30-12
The Bad
- AIG announces a PR campaign to “thank” the taxpayer for their most generous bailout. DS Wright at FDL 1-1-2013
- The only thing keeping this from being Ugly is that it’s speculation. William Cohan reports that Geithner may be a possible nominee to replace Bernanke when his term as Fed Chair ends. Bloomberg 12/24/12
The Ugly
- Very Ugly. The S.E.C. opens the floodgates for bank commodity trading. Lina Khan at The New Republic 12-31-2012
- The currently 509-page Basel III is becoming so complicated and requires such complex supervision that it actually might undermine financial safety rather than prevent future financial crises. Yalman Onaran at Bloomberg 2-2-2013
- Of the many corporate subsidies from Nascar to Disney, the one for Goldman’s headquarters seems to reek the worst. Matt Stoller at Naked Capitalism 1-2-2013
The good is very good. And the bad is very bad. Don’t know how I feel about that. Smh.