Wall Street Gets It

I don’t know why people, even smart people, keep saying that bankers and the rest of the Wall Street crowd don’t get it. Dana Milbank, writing in The Washington Post, said it just the other week after Lloyd Blankfein, the Goldman Sachs chairman, testified...

Robbing Grandma to Reward Wall Street

When I grew up in Texas, the dance we all learned was the Texas two-step. But times have changed. The next big dance these days could be called the Social Security double shuffle. A good number of senators are waltzing to the music of the “let’s cut Social...

Stop the Merger Merry-Go-Round, We Need to Get Off

What may be the dumbest corporate merger of all time—the $165 billion deal that saw AOL gobble up Time Warner a decade ago—ended just before the holidays, when AOL formally spun off into a totally separate company. That AOL-Time Warner merger had been a disaster for...
My Cat is No Fat Cat

My Cat is No Fat Cat

It’s a good thing my long-haired calico Hyacinth can’t read the newspaper. Otherwise I’m sure she’d be deeply offended by all the recent headlines about “fat cats.” President Obama used the derogatory term in an interview on...