Tag Archive for David Stockman

David Boies v. Citizen Ben S. Bernanke- Frederick W. Sheehan

A splendid opportunity is in the offing, though it is premature to expect the earth to quake. As background, Hank Greenberg, former chairman of AIG, is suing the United States. The case itself is not the subject here. Starr International Company, in which Greenberg is housing his lawsuit, was the largest shareholder in AIG on September 16, 2008, the day when the U.S. government “seized control of AIG” (quoting from the September 17, 2008, Wall Street Journal).

Speaking Up for Deformity – Frederick J. Sheehan

In a favorable review of David Stockman’s The Great Deformation: The Corruption of Capitalism in America, a critic winds down with a sigh. Stockman’s prescriptions are “blue sky” and will not be adopted by today’s Washington.             Of course they won’t, but, since he generally agreed with Stockman’s take, what does the commentator want? A…

Employment Data Saga Continued: Krasting Says Larry Summers Misstates; Stockman Says It Goes Deeper

The Labor Force Participation Rate (LFPR) is a key economic statistic today. Changes in the LFPR are shaping the direction of the capital markets, federal economic policy, monetary policy and, most importantly, politics.

The LFPR hit a new record low …

Bernanke An Arsonist Lecturing On Fire Prevention

David Stockman was interviewed on Yahoo’s Daily Ticker this morning, and as usual, he had some choice words for Congress and Bernanke. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction…