And on and on. The elites are getting wealthier from the failure of Wall Street parasite Lehman Brothers. Through January, Lehman’s bankruptcy estate had paid out $642 million to 28 law firms, advisers and consultants, according to a filing with the SEC last month. Stephen Lubben, a law professor at Seton Hall University’s law school in [...]

No need, really. Goldman already sits at the top of the ruling hierarchy and has the power to choreograph the financial markets. The Securities and Exchange Commission (SEC) just named a new Chief Operating Officer for its Enforcement Unit, and this new guy is Adam Storch, a 29-year-old executive from Goldman Sachs. He’s been a [...]

The first piece that crossed my Mac 13″ laptop this morning was this piece in the Wall Street Journal by Donald Luskin, “Can the Fed Identify Bubbles Before They Happen?” Luskin, a guy who denied that there was a housing bubble right up to the end, writes about William C. Dudley, the ex-Goldman Sachs economist just [...]