Wall St. :: Chip Bok’s Bokbluster

Jul

16

Like to Watch

Posted by: Bok | Comments (0)

The 2,300 page Dodd-Frank financial bill passed yesterday. Only 3 republicans voted for it. The rest hope the voters hate Congress even more than they hate Wall Street.

Nobody knows how it will work - Chris Dodd says so. We do know there’s nothing in the bill about Fannie Mae or Freddie Mac. They’re not part of the problem - Barney Frank (scroll to 43.) says so.

Meanwhile, a Justice Department lawyer, Christian Adams, resigned his post. He was unhappy the department dropped his voter intimidation case against two New Black Panthers, one of whom was a certified poll watcher.

Categories : 7/10-7/16, Bonus, Congress, Culture, Economy, Fannie Mae, Government, Law, Politics, S.E.C., Wall St., White Collar Crime, bailout, banking, citigroup, crime, democrats

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Jul

07

It’s a Surprise

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Chris Dodd and Nancy Pelosi explain here that you have to pass their 2000 page bills to find out what’s in them.

William Saletan has an interesting piece in Slate detailing how Kagan, while working in the Clinton White House, doctored a report on partial birth abortion by the American College of Obstetricians and Gynocologists. He points out that the report was taken as expert opinion in court rulings. If she gets on the Supreme Court and overturns a ruling because it was based on her original lie, would that make her an activist judge?

Categories : 7/02-7/09, Blogger, Law, Media, Pelosi, Politics, Wall St., abortion, banking, supreme court

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May

07

Wall Street’s Fat Finger of Fate

Posted by: Bok | Comments (1)

The Dow plunged 1000 points yesterday and bounced back 500 in about 20 minutes. Some experts suspect someone pushed the wrong button.

Categories : Economy, S.E.C., Wall St., stock market

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Apr

28

Short Shorts

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Holman Jenkins says the subtext of yesterday’s Senate panel grilling was that it’s unpatriotic not to lose money when home values plummet.

Categories : A.I.G., Economy, S.E.C., Wall St., bailout, banking, citigroup

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Apr

27

Early Warning System

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Gordon Crovitz shows how John Paulson saw the housing crash coming and told the investment world about it through the complicated financial gadget he conjured up with Goldman Sachs. Click here for his column in the WSJ.

Categories : Economy, Housing, Media, S.E.C., Wall St.

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Mar

11

Dow Decade

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Categories : Economy, Wall St., stock market

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Mar

03

Twelve Steps to More Fame, Money, and Power

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Thomas Sowell had another good column last week in which he asked the age old question, “why is Tiger apologizing to me?”.

Categories : Auto Industry, Bonus, Celebrity, Culture, Economy, Media, Newpapers, Politics, Wall St., bailout, banking, cable tv, democrats, golf, republicans, tiger woods

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Jan

13

All the States Above Average

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Arnold Schwarzenegger said on Meet the Press Sunday that the federal government owes the Golden State. He claims that his state only gets back $0.78 on the dollar from the feds while Alaska gets $1.86. (I accidentally cheated the mushers out of $0.56 in the cartoon.) Go here to see this part of the interview (if you don’t want to hear the whole thing you can fast forward to the 4:50 mark). In a later section of the interview he smacks the California congressional delegation for supporting the health care bill which he says will be an economic blow to their state .