Employer life insurance policies on employees are called "dead peasant insurance". Name kind of says it all. On top of the potential conflicts of interest nevermind a dead certain lack of interest in employee wellbeing, isn't that just another insider trading scam? They have access to the health insurance information, never mind workplace safety, that the insurer doesn't?
Somehow I missed this scandal where lawmakers who were bailing out the banks were getting personal bail outs from the banks. It must have gotten lost amidst all the other more or less identical scandals. Like campaign finance.
Citigroup prefers the term "plutonomy" to "banana republic". Same difference. They offered it as advice to investors:
I still can't stand Michael Moore's schtick. Why he keeps casting this uncharismatic fat man as the lead in all his films is beyond me. John Candy played a decent obnoxious fat guy in Canadian Bacon. John Goodman has filled other fat actors' shoes before. Why stick with the schlump?
As Michael Moore is in the business of making money from a government protected intellectual monopoly that costs American taxpayer money to enforce, you are supposed to pay additional money to watch it. Here instead is "Quants", from VPRO. It's not about the quant who was being stalked by Clinton's Treasury Secretary. It's not about management idiots trying to get down the pants of their nerd subordinates. It's about brilliant people who devote their lives to destroying shit they don't understand. A little parable about humanity it is. The Dutch public paid for this doc much as the American public paid to enforce Moore's private monopoly, except, having been paid for up front instead of sideways, you can watch it here or anywhere for free:
Not one of the math nerds struggling to understand what happened ever expresses the slightest concern for the homeowners who lost their shirts to the mortgage scams invented by the legal nerds across the hall. Maybe it was edited out. The closest they get is when the one jokes that "The banks are supposed to provide a service. Everybody is now working to service the banks".
:: posted by buermann @ 2010-05-04 00:24:47 CST |