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26 June 2016 · Comments Off on The World Is Their Oyster (and Their Oyster Knives Are in Hock) · Categories: Mammon, Masters of the Universe

Graduating students taking selfie see large bags of

Click to see the image at its original location.

I was lucky. My parents paid for my college education. Back in the olden days, when I was a young ‘un, that was indeed possible for middle class families. Hell, when I was a young ‘un, there was still a “middle class.”

That was before college tuition became incredibly expensive and student loans became an instrument for perpetuating penury and paying for banksters’ country-club memberships.

Aside:

I got a letter today asking me to contribute to some memorial for Ronald Reagan. I shall answer it with an envelope full of subscription cards for The Nation, hoping that the senders will read it and learn something.

But they won’t.

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21 June 2016 · Comments Off on Paper Mills · Categories: Masters of the Universe

Thoreau.

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08 June 2016 · Comments Off on Chemical Dependency · Categories: Mammon, Masters of the Universe

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23 May 2016 · Comments Off on David Dayen on Wall Street’s Foreclosure Three-Card Monte · Categories: Masters of the Universe

Part One:

Part Two:

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23 May 2016 · Comments Off on The Confluence of Influence · Categories: Mammon, Masters of the Universe

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15 May 2016 · Comments Off on Three-Card Monetary Monte · Categories: Masters of the Universe

We get a lot of mail inviting us the “free meals” to learn about “exciting investment opportunities” to provide “financial security.”

So does Tony Brown.

We always chuck the mail directly into the round file, but Brown decided to accept some of the invitations. He writes of them at the Minneapolis Star-Tribune. Here’s a snippet (emphasis added):

I get all these lovely invitations because a) I’m over the age of 60, b) I’m breathing, and c) people attending these dinners often hand over lots of money to their hosts before they get to their seasonal dessert. These alleged “financial planning” events are examples of the ways that billions of dollars from the nation’s precious retirement nest eggs are being diverted into the pockets of these very nice financial-planner people.

This issue — the financial-services business’s habit of exploiting rather then helping people who are preparing for retirement — is why the Obama administration in April enacted so-called “fiduciary” regulations for financial planners and advisers.

These rules will require the financial-services industry — for the first time — to conduct business “in the best interests of their clients.”

You thought that already was the obligation. It is not.

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09 May 2016 · Comments Off on Goldman’s Sacks · Categories: Mammon, Masters of the Universe

Jim Hightower.

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07 May 2016 · Comments Off on The Entitlement Society · Categories: Mammon, Masters of the Universe

The sucklers at the public teat aren’t who you think they are.

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29 April 2016 · Comments Off on Responsible Fiscals · Categories: Mammon, Masters of the Universe

You can’t make this stuff up. (Actually, these days, you could, but you don’t have to.)

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25 April 2016 · Comments Off on All the News that Fits · Categories: Masters of the Universe, Political Theatre

No news is no news.

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25 April 2016 · Comments Off on Vultures Circle Puerto Rico · Categories: Mammon, Masters of the Universe

Via Raw Story.

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20 April 2016 · Comments Off on The Only Game in Town · Categories: Mammon, Masters of the Universe

Play it now! Get gamed!

What is it?

It’s Robber Barons v. 2.0.

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19 April 2016 · Comments Off on Goldman’s Sackcloth · Categories: Mammon, Masters of the Universe

Image:  Convicts in orange crowded in a cell labeled

Via Job’s Anger.

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17 April 2016 · Comments Off on Coal Dustup · Categories: Mammon, Masters of the Universe

In an stunning example of “if you don’t let people talk about it then it must not be happening,” a coal waste company sued a citizens group for slander because they complained about the ever-present effects of the dust blanketing their community from the ash pit.

Just follow the link.

You can’t make this stuff up.

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