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June 1, 2011 08:25 PM
Audit Notes: Ellison’s Battle of the Bay View, Biovail Blues, Liz Warren’s “Cult”
What does the fifth richest man in the world do when the neighbors' trees spoil the view of San Francisco Bay he enjoys from his 11,000 square foot mansion, one of six homes in his portfolio? The Wall Street Journal had a great ahed on Saturday reporting that Larry Ellison, a billionaire forty times over, hired tree-trimmers to surreptitiously cut...
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November 9, 2012 06:50 AM
Audit Notes: low-info billionaires, Trump the taker, Elizabeth Warren
Money apparently can't buy a firm grip on reality
One of the things this election proved conclusively is that even billionaires can be low-information voters. Here's Bloomberg BusinessWeek on billionaire David Siegel, the guy who's building the a 90,000 square foot house and who all but told his workers to vote for Romney if they wanted to keep their jobs (emphasis mine): I think it’s going to be a...
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May 6, 2011 04:30 PM
Audit Notes: UBS Fraud, Stevie Cohen, Bankers 4 Liz Warren!
So a giant Swiss bank defrauds American taxpayers. It bid-rigs the muni-bond derivatives market. It pays kickbacks and bribes. The SEC charges it with fraud and settles the case for $160 million. It's the second too-big-to-fail bank, after Bank of America, to cough up nine-figure settlements in the investigation. All signs point to more crimes at more big banks that...
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November 13, 2012 06:50 AM
Audit Notes: Whinin’ Dimon, Elizabeth Warren, WSJ on Petraeus
JPMorgan CEO takes to CNBC for consolation
I got a chuckle from Mark Gongloff's Huffington Post piece on Jamie Dimon taking his anti-administration whining to the friendly confines of CNBC: Dimon on Friday afternoon did his whining on CNBC, which has become a sort of Dr. Phil for aggrieved CEOs in the wake of the national catastrophe that is Obama's reelection, according to CNBC. Dimon played some...
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May 27, 2011 11:29 AM
Elizabeth Warren Is Smeared, and the Press Is Along for the Ride
McHenry controversy shows the media copping out with he said-she said stories
You'd think the press could resist the he said-she said copy when the truth is easy to discern. Congressman Patrick McHenry's smearing of Elizabeth Warren is a good test of how the press handles dishonest politicians and their lies. And most of the press gets a big fat F on this one. On Tuesday, McHenry, a North Carolina Republican, called...
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July 23, 2012 06:51 AM
The specter of ‘Socialized Medicine’ rides again
In the Massachusetts Senate race, no less
Now that the Affordable Care Act is the law of the land and its system of private insurance, private doctors, and subsidies to buy coverage is firmly in place, we thought that old health care bugaboo about “socialized medicine” might fade away. No such luck. Not, at least, in Massachusetts, of all places, where Republican Sen. Scott Brown and Harvard...
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October 1, 2012 03:26 PM
The word on the street: Divided
Massachusetts voters talk about Medicare, and their Senate race
Last week I journeyed up to New England to see what voters thought of the debate over Medicare, for another of our CJR Town Halls, which this political season have been focused on Medicare. Polls continue to show that most Americans are wary about the voucher plan advocated by the GOP ticket, Mitt Romney and Paul Ryan. Some people I...
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