Members of the Washington establishment are quick to cliam that Timothy Gaitner, the Secretary of the Treasury, former President of the Federal Reserve Bank of New York and former IMF staffer is a financial whiz kid and too good not to have leading the Treasury. I’m not sure about that. One of the major problem with Washington [...]

Through last summer and winter, the news from the financial industry was doom and gloom as the management of each of the nation’s major financial institutions discovered a cheap way to rob the tax payer “claim distress and get bailed out”. Of course their stock values got savaged and some neophyte investors dumped as soon [...]

The Vampire got some true blood : Citi got a new life

Anyone following the HBO series TrueBlood in the last three weeks would have been expecting some of the scenes from last Sunday’s season finale. Bill got another chance to save Sooki from a murderous Rene who had just incapacitated shape shifting Sam. Problem was, Bill was fatally damaged, his reward for dangerously exposing himself to [...]

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