My afternoon train reads:

• What Happens When China Goes “Gray”? (The Diplomat)
• Who owns AIG’s MBS fraud claims? Billions ride on the answer (Thomson Reuters) see also Foreclosure Review Insiders Portray Massive Failure, Doomed From The Start (HuffPo)
• The Soul of Student Debt (Jacobin)
• JPMorgan slapped on wrists by regulators who forget to slap own wrists too. Grrr. (FT Alphaville)
• Wall Street Pay Gets Tougher Look (WSJ) see also Hedge Funds’ Manhattan Migration (WSJ)
Poll: Most Americans support new gun-control measures after Newtown massacre (Washington Post)
• Charles Murray gets the full SHAME treatment (S.H.A.M.E.)
Debunking the Denial: “16 Years of No Global Warming” (Slate)
• We are losing the war against email (Quartz)
• Jazzy Wynton Marsalis (WSJ)

What are you reading?


Wall Street Pay Gets Tougher Look

Source: WSJ

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

18 Responses to “10 Tuesday PM Reads”

  1. DSS10 says:

    A video of Jim Cramer talking about how to goose the market for trading profits.

    This is what makes America great! I knew about this and have seen it happen but never before have I seen it described in such a “matter of fact” tone… I hope Elizabeth Warren sees this one.

  2. willid3 says:

    is Europe and the US ignoring the real problem?

    seems like it. one party can’t seem to not name their ‘bills’ as job creators. even if that not what they do. the other hasn’t seemed to be able to work enough energy to actually consider doing some thing about it. and of course we have one party that doesn’t even bother to care.

    56% youth unemployment??>??????

    can you say economic disaster? are they trying to convince the 99% that capitalism does nothing for them? if they are they are likely succeeding

  3. James Cameron says:

    The bill to treat a cat bite (so far): $55,000

    “My cozy hospital room at UCLA Medical Center in Santa Monica was priced at $4,000 a night. Four thousand. You can book a 1,400-square-foot Premier Suite at the Beverly Hills Hotel for less than that.”

  4. willid3 says:

    the 55,000 cat bite?????????,0,1491025.column

    examples from the bill

    Case in point: My cozy hospital room at UCLA Medical Center in Santa Monica was priced at $4,000 a night. Four thousand. You can book a 1,400-square-foot Premier Suite at the Beverly Hills Hotel for less than that.

    Another case in point: Sixteen bucks for a Tylenol. Actually, not even a proper Tylenol. That’s for the generic equivalent.

    The surgery on my hand: $12,282. Anesthesia: $780. MRI: $3,290. Assorted drugs: $3,412. Laboratory services: $4,534. Inserting a tube in my arm so I could have an intravenous drip at home: $2,352.

    and by the way this was private insurance. paid about $40,000 for it. the copay was about $1500. the rest you ask? oh thats funny money. that never existed

  5. rd says:

    It is clear that the solution to student debt is indentured servitude and/or debtor’s prison. Only then can we eliminate the travesty of top Wall Street earners not receiving immediate payment of their bonuses:

  6. 873450 says:

    — blames GOP Congress for impending U.S. sovereign credit downgrade if debt ceiling breached
    — dismisses GOP assurances prioritizing payments to creditors can prevent downgrade
    — states debt ceiling is “ineffective and potentially dangerous mechanism for enforcing fiscal discipline”
    — calls threats to withhold credit and risk sovereign default “incredible”

    Credit Rating Agency Warns of Downgrade if Debt Limit Is Not Raised

    … “our [Fitch] view [is] that the effectiveness, stability, and predictability of American policy making and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned.”

  7. willid3 says:

    seems that review of the mortgage mess….wasn’t really one,..more of a cover up/white wash run by the banks for the banks

  8. Irwin Fletcher says:

    On the gun control article.
    Interestingly, when asked what was the highest priority, the poll had gun control fourth behind:
    1. Economy
    2. Reducing Federal Spending
    3. Restructuring the tax system.

    It’s good to see Washington listening and focusing on what the people want.

  9. flocktard says:

    Charles Murray recently submitted a post-election piece on the AEI website wondering how in the world could Romney not get the majority of the Asian vote, where he fared poorly. Asians, he reasoned, were hard working types who were pull-yourself-up-by-the-bootstraps type fellows, and like the Jews, he also reasoned, respected the value of a good education, preferably in one of the “professions.”

    It never occured to him that people like that could vote Democratic. After all, people who work hard and accumulate wealth couldn’t possibly vote for the “moocher party.” Of course, the Jews have been doing that since FDR was in office, but nevertheless, it left the old racist fool utterly confounded.


    BR: A variety of surveys found that Asian voters were not comfortable with the tight relationship between the Christian right and the GOP, as well as the demonization they saw of “Others.”

  10. willid3 says:

    more mortgage mess

    $868 for all. even if they weren’t harmed. or if they were harmed much more than that
    seems like its to much trouble to figure out who got harmed or not….just pay a dime to 2 to solve it


    BR: I linked to that this morning!

  11. Iamthe50percent says:

    Mr. Fletcher, I would add, “and by ‘economy’ they mean jobs”

  12. Crocodile Chuck says:

    Wynton Marsalis?


  13. GoBigRed says:

    I just finished The Payoff: Why Wall Street Always Wins by Jeff Connaughton.

  14. Molesworth says:
    “The author makes a tacit deal with the reader. You hand them a backpack. You ask them to place certain things in it — to remember, to keep in mind — as they make their way up the hill.
    If you hand them a yellow Volkswagen and they have to haul this to the top of the mountain — to the end of the story — and they find that this Volkswagen has nothing whatsoever to do with your story, you’re going to have a very irritated reader on your hands.”

  15. SilasLang says:

    I knew Murray was a bigoted charlatan after reading biologist Stephen J Gould’s “The Mismeasure of Man” soon after “The Bell Curve” came out. He elucidates, through the history of such attempts, that the very notion of summing up a person’s intellectual potential with an “I.Q.” number is arbitrary and absurd. He also eviscerates Murray’s amateurish understanding of the meaningfulness of statistical analysis, specifically standard deviations.