Gerry Canavan

the smartest kid on earth

Friday!

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Friday!

* ‘Decision to end Reading Rainbow traced to a ‘shift’ in priorities during the Bush administration.’ That bastard!

* “Too big to fail” is so 2008. Via Ezra Klein.

J.P. Morgan Chase, an amalgam of some of Wall Street’s most storied institutions, now holds more than $1 of every $10 on deposit in this country. So does Bank of America, scarred by its acquisition of Merrill Lynch and partly government-owned as a result of the crisis, as does Wells Fargo, the biggest West Coast bank. Those three banks, plus government-rescued and -owned Citigroup, now issue one of every two mortgages and about two of every three credit cards, federal data show.

A year after the near-collapse of the financial system last September, the federal response has redefined how Americans get mortgages, student loans and other kinds of credit and has made a national spectacle of executive pay. But no consequence of the crisis alarms top regulators more than having banks that were already too big to fail grow even larger and more interconnected.

* No Senate Democrat has gone on record as opposing the public option. More and more I think the public option will pass using reconciliation. I haven’t heard a single persuasive counterargument to doing it this way, and Obama and the Democrats are too all-in to let health care die altogether.

* Also in health care news: Steve Benen announces the death of the public option and the rise of the free pony option. Sounds a little bit like socialism to me.

* WAKE UP SHEEPLE. THE OLIGARHY IS REAL.

* Snow Leopard reviews. I’ve installed this on both our Macs and so far everything appears to be almost exactly the same as before. Disk Utility works much better, which is nice. And a few menus that used to be white are now black. Believe the hype.

* And io9 has your TV science fiction themes by the numbers. We are truly in the dark age of televised time travel.

Written by gerrycanavan

August 28, 2009 at 8:32 pm

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