Enjoy wholesome things.

Enjoy wholesome friends such as:

Is it wrong to be strong?

michael dot brooks dot taylor at gmizzle

Archive

Jan
29th

Sun

groupuscule:

Police grenade during Occupy Oakland rally.

Stephen Lam/Reuters for The Guardian.

Jan
27th

Fri

Scorpions. “No One Like You.”

Jan
25th

Wed

These people seem mean.

Jan
23rd

Mon

azipaybarah:

“Killed Romney Cover” via bizweekdesign’s flickr page.

Holy cow.

Jan
22nd

Sun

paulbrady:

I ate dinner tonight at Doe’s Eat Place in Bentonville, Arkansas. (The honey is for the fried biscuits they serve.)

But what beer is it?

Jan
20th

Fri

Public companies will be required to provide their shareholders with a non-binding vote: (i) at least once every three years on the compensation paid to executive officers, and (ii) at least once every six years on whether they should have a “say on pay” vote every one, two or three years.

—

One of the things Dodd-Frank did was require banks to ask shareholders, every once in a while, how they feel about the boatloads of cash the company dumps on upper management. (A similar polite non-binding vote applies to golden parachutes.) Companies will then take shareholders’ opinion under advisement, then do whatever they want.

*From Bank of Internet’s 2011 10-K, probably pretty boilerplate stuff for the bankeroonies.

Jan
17th

Tue

keyholez:

As is my usual habit.

Jan
14th

Sat

langer:

As noted by @ClaraJeffery.

Okay but so what.

Jan
11th

Wed

Gavin Rossdale. “Glycerine,” live at Woodstock 99.

Jan
9th

Mon

Do you know what Alternative Investments are? They’re things like credit default swaps! Credit default swaps are essentially the ability to buy insurance on someone else’s house in one hand as you hold anything else—the adjustable-rate mortgage you know they can’t pay off, or the capacity to sell that mortgage and therefore generate more mortgages like it, or a gasoline can—in the other hand. This is what Jacob Lew dealt with!

fek:

Meet President Obama’s new chief-of-staff.

Where do CDS enter the picture? The Huffington Post article you link to makes no mention of credit default swaps. Also I think anyone can enter into a credit default swap agreement, not just hedge funds. Finally, credit default swaps are not inherently evil.