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Another one (Obama nominee) bites the dust?

All alleged misconduct right now, but it appears Obama auto czar nominee Steve Rattner could be in some big trouble due to a potential NY pension kickback scandal related to the private equity firm Rattner ran. Some really damaging allegations in here, most notably an inexplicable investment in a DVD distribution plan.

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The dagbuzz for 3/17/09: (Ashton, Oprah and Generation Twitter)

I AM DEADMAN. HEAR ME TWEET!

Big news today. Ashton Kutcher just attracted his one millionth follower on the microblogging service Twitter, a milestone which has generated a fair amount of fanfare, but it's only the beginning as cult leader Oprah is going to feature Twitter on her talk show today and send her first tweet over the air.

Oh, how wonderful.

Excuse me if I don't join in the celebration - if I'm not all, ahem, atwitter with the news - but I have very mixed feelings here.

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Baby Boom Goes the Dynamite: The Generation's Lasting Legacy

The Baby Boomers have blown it in spectacular fashion.

For much of the past 20 years, they have been the ones in charge of this country. During that time, they have...

... ignored the looming Social Security crisis, which has been simmering for decades and is now apparently coming to a boiling point much quicker than originally estimated.

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Playing God and Taking Shortcuts ...

This financial crisis is more than what it appears.

It is symptomatic of a society that at some point over the last 30 years lost its way by seeking not the road less traveled, but instead the quickest route.

It is the culmination of a mindset that increasingly became interested in pursuing immediate gratification at any cost.

Look around you. In every area of modern life, the shortcut has become the rule, not the exception.

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MOFT: Episode 12 (St. Louis Blues' T.J. Oshie)

Just a few weeks ago, I fell in love with singer Ingrid Michaelson while watching her perform an amazing concert.

After 35 years of living, I had my first celebrity crush. I man-crush you, T.J. (courtesy of usahockeymagazine.com)

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Government Debt: The Final Bubble

Could this be the beginning of the end for our markets' last great bubble?

An auction today of $34 billion in 5-year U.S. government bonds didn't go over so well, fetching prices well under what analysts were expecting.

Ruh-roh.

Oh I know, it may not seem like that big of a deal. The debt still got sold, unlike an unsuccessful auction for 40-year bonds in the UK. The fact that our auction resulted in yields (which move in the opposite direction of the price of bonds) of 1.849% versus the expected 1.801% seems like rather unimportant, inside-baseball type of stuff.

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MOFT: Episode 11 (McDonald's Filet-O-Fish commercial)

Every Tuesday night after my weekly basketball game, I pick up some Mickey D's for me and Filet O Fish cartonMs. Deadman (or Deadwoman, if you prefer) to eat at home. It's a classy tradition in the Deadman household, one that we both totally look forward to, with the main source of our enjoyment being the Filet-O-Fish sandwich that always makes up the entree portion of our meals.

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The dagbuzz for 3/23/09: (The Geithner Bank Stability Plan)

Details of the Geithner bank stability plan came out today, and Wall Street for one loved it. And why not,  for the plan basically allows financial institutions to take the worse of the toxic assets rotting away on their balance sheets and pawn off the vast majority of the risks of nonpayment onto the U.S. government (and ultimately the U.S. taxpayer).

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Eliot Spitzer: A thoughtful voice of reason (alas, without any power)

I strongly encourage everyone to watch this video as former New York Governor Eliot Spitzer gives  thoughtful, reasoned insights into a whole host of recent topics related to our financial crisis, including AIG bonuses, Obama's performance, the media's impact, regulation, etc.

I recommend the 20-minute Fareed Zakaria CNN interview in its entirety, but if you only have limited time, Spitzer offers a concise explanation into the cause of our current economic situation for a few minutes starting at about the 10:45 mark.

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Public-private partnership proposal poses plenty of problems

Oh goody. Looks like we're about to hear the details of Geithner's long-awaited financial stability plan, which has as one of its key components a public-private investment pool designed to help rid our system of the toxic assets rotting away on bank balance sheets.

Apparently, the Treasury will hire four or five private investment managers to run a fund that will purchase the assets. The government will then match whatever monies the private firms manage to raise and invest.

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