Links, 8/17/11

I guess it takes a lot of smart kids from other countries to show us what assholes Hershey is–and to teach us about solidarity.

I assume you’ve already read the Matt Taibbi piece revealing that the SEC has been destroying records of its preliminary investigations, effectively giving serial problem corporations an apparent clean bill of health. If you haven’t read it, go do so. But you should also read Felix Salmon on Taibbi’s piece; he points out that while the traditional media is discussing Chuck Grassley’s response to the story, most are not pointing back to Taibbi’s own article describing what it’s all about.

I’ve seen predictions the student loan bubble was going to crash for some time–even before it became clear that recent graduates aren’t getting jobs. That crash is getting much closer, as delinquencies rise.

After the Knights of Columbus got bullied to accept the $8.5 billion settlement with Bank of America, the trustee, Bank of NY Mellon blew them off. So now the KoC have expanded their suit challenging the settlement, including breach of fiduciary duty, based on claims BNY Mellon botched the foreclosures.

Blackwater: still spying in Afghanistan.

This is actually a sweet story. A Chinese-American businessman named ZhaoHui Tang saw Gary Locke in the Seattle Airport on his way to his new job as Ambassador to China. Locke was carrying his own knapsack, buying his own Starbucks coffee. So Tang took a picture and posted it to a Chinese social media site, where it was a big hit because it showed Locke in such a down-to-earth light.

A few weeks back, Joe Klein reported that Obama was reading Nixonland. At the time, I saw Rick Perlstein tweet that he hoped Obama took the right message from the book. Here’s Rick explaining what that message should be (the answer? emphasizing how Democrats have helped real people).

Lee Fang reports that the Darrell Issa staffer who probably wrote a letter complaining about margin requirements for derivatives used to work for Goldman Sachs.

Rortybomb has the best post on the “Texas miracle” I’ve seen. Short version: it didn’t have a housing bubble and therefore hasn’t deleveraged like similar states. I still think you have to add in the oil industry (not least to distinguish TX’s success from OH, MI, and PA’s woes in that very first graphic.

Tweet about this on TwitterShare on Reddit0Share on Facebook0Google+0Email to someone

23 Responses to Links, 8/17/11

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
Emptywheel Twitterverse
emptywheel Brutal "So there it is, there's our fundraiser. Pretty quick."
46sreplyretweetfavorite
JimWhiteGNV RT @thekarami: Turn on Twitter and people are talking about a huge aroused electorate.
5mreplyretweetfavorite
bmaz Bernie Sanders, in victory, gives smart message of party unity that Clinton failed to do in either victory or defeat. That's the difference
5mreplyretweetfavorite
emptywheel Thus far neither Dem has mentioned SCOTUS Republicans voting to continue poisoning the air. Guess everyone was busy.
6mreplyretweetfavorite
emptywheel I'd like to believe that Blankfein is peeing his pants just a bit tonight but he's prolly on the phone w/Mayor Mike.
7mreplyretweetfavorite
emptywheel @danielschuman Just as important is keeping grassroots involved.
9mreplyretweetfavorite
emptywheel (Am I the only one who cringes when hearing a Vermonter you like talk about the upcoming states?)
10mreplyretweetfavorite
emptywheel @B_Amer Yup. Pretty much like Snyder but hasn't pissed off unions QUITE so much and a smaller poisoned water problem.
12mreplyretweetfavorite
emptywheel @Longbroscomedy Well, we're not allowed to see those.
14mreplyretweetfavorite
JimWhiteGNV Still mad at Roy Williams for leaving KU, but hope he's okay tonight.
15mreplyretweetfavorite
bmaz @yvonnewingett @ItalicizedAZ Why? Did Ducey trash it like he is trashing Arizona's schools and infrastructure?
15mreplyretweetfavorite
August 2011
S M T W T F S
« Jul   Sep »
 123456
78910111213
14151617181920
21222324252627
28293031