The Whole Delivery

Via a terrific post from bobswern , Columbia University professor and Nobel laureate Joseph Stiglitz explains clearly why we are in the economic mess that we are in , showing the key five reasons. 1)The Reagan administration's decision to replace Federal Reserve Board Chair Paul Volcker with Alan Greenspan 2) The veritable repeal of the Glass-Steagall Act, due to the passage of the Gramm-Leach-Bliley Act 3) George W. Bush' tax cuts (2001, 2003), along with various other "leeches," such as the Iraq War, and the country's dependence upon foreign oil--two key factors that have sucked trillions of dollars out of our economy over the past three decades--in other words, very little was done to actually stimulate the economy, instead a focus upon economic bubbles was the rule of the day; 4) The epic fail of the ratings agencies (with Standard & Poor's, Moody's, and Fitch being the three largest), along with a Wall Street ethos that amplified Michael Douglas...

As you can all see, Republican Senator Grassley Twitter skills are well known fame right now , but MSNBC leaves out his "Obama is a hammer, I'm not a Nail" post. And MSNBC is that liberal, Democratic network, huh? Enjoy this video, as the Open Thread will be your entertainment for the next few. So be happy! Please? And in the comments section, see what else is coming up the rest of the day.

(Photo from google.com) Meet the lady who tried to stop this mess we are in now Via the legendary Digby and her usual assiduous effort , you won't believe this Wapo profile on the woman , named Brooksley Born, who tried to stop all the deregulation destruction that took place in our financial markets, leading to a future recession that we are in now. She tried to warn us all, especially one Alan Greenspan. But here's what Green Greeny told her way back a decade ago: Greenspan had an unusual take on market fraud, Born recounted: " He explained there wasn't a need for a law against fraud because if a floor broker was committing fraud, the customer would figure it out and stop doing business with him." There shouldn't be a law to stop this wrongdoing is what Greenspan basically said. Hmm? At guess we should have no laws then at all, based on his crooked thinking. Digby may have went far on this next line, but it still resonates with me: Andrea Mitchell should res...