Elliot Spitzer

Elliot Spitzer Lays Out Game Plan to Get Rid of the Chamber of Commerce

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The U.S. Chamber of Commerce is a massive corporate lobbyist group and characterized by Elliot Spitzer as a Chamber of Horrors. I couldn't agree more. Bad policies, bad legislation putting the entire nation, economy at risk is the history of this lobbying group.

Spitzer outlines a game plan to rid ourselves of this vile organization. Spitzer suggests public pension funds put pressure on companies to stop their membership to the U.S. Chamber of Commerce, for once starving the lobbyist beast by cutting off membership fees. Spitzer argues that these publicly traded companies which public pension funds often invest in, are paying the U.S. Chamber of Commerce to block legislation which is against these very state pension funds interests.

Is Elliot Spitzer Channeling The Economic Populist?

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One must wonder if Elliot Spitzer is an EP lurker. Today Spitzer wrote a column about how states are headed for disaster. The post has statistics which were outlined by manfrommiddletown a few days ago.

Or is it more many of us are astutely aware of coming implosions, trying to warn and show repeatedly, like some 3rd mind, a conscious social brain, all examining trends and data who end up screaming bloody murder in synchronous unison....
a glorified Cassandra group speak yelp spike?

Whatever the reason, one must congratulate manfrommmiddletown in writing such a relevant post, complete with maps and also be grateful Spitzer is emerging from his personal fallibility cave to come out with guns ablazin'.

Goldman Sachs - Biggest Profits Ever - How?

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Today Goldman Sachs posted record profits.

Goldman Sachs Group Inc. posted record earnings as revenue from trading and stock underwriting reached all-time highs less than a year after the firm took $10 billion in U.S. rescue funds.

Second-quarter net income was $3.44 billion, or $4.93 a share, the New York-based bank said today in a statement. That surpassed the $3.65 per-share average estimate of 22 analysts surveyed by Bloomberg and was 65 percent higher than last year’s second quarter.

Oops, not so fast! Goldman is being blasted for using the same risky trading model that caused so many other firms to bring the economy to it's knees. Bloomberg: