Why is the Fed forking over $220m to Morgan Stanley bigwigs' wives?

rollingstone.com

15 points·aresant··3 comments

I've flagged this, because I think we should try to protect what we have at Hacker News. People here are very knowledgeable about start-ups and technology, but when it comes to intricate economics and politics, most, if not all, are clueless, which usually doesn't make for very interesting discussions.

I'd rather that we stuck to tech-centric news (or hacker-centric) instead of turning into an RSS bot for The Atlantic and what would otherwise be found in reddit's very left-leaning r/politics.

(Matt Taibbi is one of the best - maybe one of the only good - writers in this area, as an aside note. Frank Rich, Matt Taibbi, Glenn Greenwald, and Juan Cole is the perfect RSS feed for American domestic politics.)

A more technical and less rabble-rousing article on the same subject might be worthwhile, though.

This one is designed more to inflame the emotions of the reader than to actually explain the details of what's going on. I don't doubt that there must have been some dodgy dealings going on when the Government suddenly started handing out bailouts... but is it really necessary to focus the story on a few players and be sure to let us know that a certain CEO is a shrivelled old prune and that his wife is a hot blonde?

Flagged for similar reasons. There's a lot I can accept under the banner of "General enlightenment", but this is straight politics/fed bashing. I'm sure it's a popular topic among HN visitors, but there's a whole range of other, more appropriate venues for this sort of info, not least of which is Reddit.

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