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.

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23 Responses to Links, 8/17/11

Emptywheel Twitterverse
emptywheel @3fecta Not holding my breath but I am laughing pretty hard making it hard to breathe.
18mreplyretweetfavorite
emptywheel LOL Kristol has no fucking clue what the deadlines are. https://t.co/n0ja26uG6q
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emptywheel @SimonMaloy I'm hoping someone stakes out all the Bushies to see if they even go to the polls (tho assume Poppy absentees)
41mreplyretweetfavorite
emptywheel I think @Aelkus is right that the F-35 would make a killer musical. https://t.co/e9cTqIYZHg
57mreplyretweetfavorite
emptywheel @JZdziarski You know, buying tacos in bulk is what brought Chapo Guzman down.
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emptywheel @joshgerstein Don't rush yourself. You've got 6 months of definite articles ahead of you.
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emptywheel RT @johnrobb: A nullified electorate. https://t.co/bLMv2fg4cT
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emptywheel @TVietor08 The first rule of the DC echo chamber is you don't talk about the DC echo chamber. I think.
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emptywheel @TVietor08 I don't know him so could care less he's a nice guy. I think people are embarrassed he exposed the echo chamber.
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emptywheel RT @TimCushing: Homeland Security Wants To Subpoena Us Over A Clearly Hyperbolic Techdirt Comment https://t.co/KiCMpFDcvl
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bmaz @j0ncampbell It seriously is. By same token, the DLC/DNC centrist Dems are in process of doing that vis a vis their youth+future now.
2hreplyretweetfavorite
bmaz @j0ncampbell And, hahahaha, now they have Trump! But this is where the "insiders" are reaping what they have sowing vein Kerr raised.
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