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 Twitter1Share on Reddit0Share on Facebook1Google+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
bmaz I am not sure you geniuses on the east coast with long arm for asking, and short arm for answering, actually give a shit about Sep of Pwrs.
11mreplyretweetfavorite
bmaz I KNOW all you DC Press Peoples are all up on everything, but after weeks of telling you, now @lawfareblog says so, can you pay attention?
13mreplyretweetfavorite
bmaz Maybe the war drum bangers for Syria, Iraq, Ukraine, Somalia+all the other asinine places in world are right; history says no. cc: @lrozen
23mreplyretweetfavorite
bmaz .@nicholsong Ooops, yeah, I fell for that BS back in the day, see: http://t.co/zj45YfdKlZ But turned out to be total bullshit. cc: @lrozen
25mreplyretweetfavorite
bmaz .@nicholsong You have something that says the current, apparent, Obama Admin. rolling desecration of the WPR is fine and dandy? Really?
33mreplyretweetfavorite
bmaz So, sorry, hope I didn't insult any of high holy 30 somethings over petty little thing like Sep of Pwrs. Cause, you know #PoliticalBullshit
46mreplyretweetfavorite
bmaz Lawdy, I JUST CAN'T WAIT for some nubes at @TNR to tell me how freakin OK+normal it is for Obama to be desecrating WPR Separation of Powers.
51mreplyretweetfavorite
bmaz @timmathews Really, that is a great location, right in the heart of New Orleans. #BonusPointsForFalseCheer?
1hreplyretweetfavorite
bmaz @SuzanneTwoTon We can't go on like this together...
2hreplyretweetfavorite
bmaz They got the guns, but we got the numbers. Going to win, yeah we're taking over. Come on! #FamousPoet #Ferguson #MichaelBrown
2hreplyretweetfavorite
bmaz @SuzanneTwoTon Woo woo woo, I feel my temperature rising.
2hreplyretweetfavorite
bmaz @OBEYshiba No no, the Carol is at the Welcome! But, Ingos, yeah.
2hreplyretweetfavorite
August 2011
S M T W T F S
« Jul   Sep »
 123456
78910111213
14151617181920
21222324252627
28293031