Tag: Wall Street

This week in the Inevitable: A Michael Moore Bailout Doc

 

It's usually a neck-and-neck race to see who will be more annoying in a Michael Moore pic--Moore or his subjects. But seeing as how Moore's subject this time around is Wall Street, it wouldn't be surprising to see the financiers win in a landslide.

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Recession State of Mind

 

We're "officially" in a recession "now"...even though it started in December of 2007. Meaning, the recent dive in the stock market was the result of media frenzy and semantics. I am not an economist, nor do I claim to have any special knowledge of the market or finances, but I do have some (a smidgen of) common sense, and I have been reading the news. My conclusion: the economy is more of a state of mind, a conversational trend, and an emotional barometer than it is a calculable, numeric analysis. The health and wellness of how we spend, how much we spend, and how we manage our finances seems to ebb and flow with the CNN talking heads. When things are peachy, we're spend freaks in a rich economic climate. When it's doom and gloom, we're frugal coupon cutters. It's not exactly a causal relationship, rather it's a constantly undulating ball of nebulousness that evolves with every sale, every "breaking news item" and every water cooler conversation about proper money management. I...

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McCain: I’m glad I deregulated Wall Street

johnmccain
 

In the wake of last week’s financial meltdown, Sen. John McCain (R-AZ) has been calling for more regulation and criticizing lax oversight of Wall Street, despite the fact that he and former senator Phil Gramm passed much of the deregulatory reforms that led to the current crisis. Interviewed on CBS today, however, McCain said he does not “regret” championing the deregulation of Wall Street: Q: In 1999, you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now? McCAIN: No. I think the deregulation was probably helpful to the growth of our economy. http://thinkprogress.org/2008/09/21/mccain-deregulation/

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No more Lehman, no more internship?

 

If you’re a college student who was planning to intern with Lehamn Brothers, Merrill Lynch, A.I.G., or any of the other related companies in this financial crisis, you may very well find that your internship no longer exists.  In the case of Lehman, this is all but certain.  So you went from a Have to a Have Not- how do you become a Have again? The worst idea is to sit on your duff for the semester and think “I’ll get some experience next semester.”  Boo!  When the going gets tough, the tough gets going, dangit!  Starting your internship search over again may seem unlikely at this point, but it can be done.  Here are some tips to kick-start your search engine, so to speak (please pardon this pun and any future puns that I may make.  I enjoy a good pun.) Think outside of Wall Street. You’ve got a slim to none chance of finding an internship at a major investment bank this semester, and possibly next (the only 2 major investment banks still left in the U.S. are...

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