Tag Archive | "Financial Crisis"

Wall Street Pay “Vaults To Record Altitude”

Sometimes, I wonder whether we all live in a grand farce. But, actually, it’s a real-life story about a robbery of the people that continues every day–and today is no different. The robbers grow richer.   From The Wall Street Journal a story headlined: "On Street, Pay Vaults to Record Altitude": When it comes to […]

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Financial Crash: How It Happened

   I have not had time to read the full report of the Congressional commission on the financla crisis. But, here is one thing in the preface worth reading: The crisis was the result of human action and inaction, not of Mother Nature or computer models gone wild. The captains of finance and the public […]

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Kill Pensions For Regular People But Let The Rich Slide

  Each day brings a stupefying new chapter in the class warfare underway in America. Today, it’s the unfathomable idea that regular people who had worked their entire lives serving the public should now be effectively cast out into the cold, their pensions ripped up. But, what we need to connect is this: there is […]

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Richard Trumka V. Goldman Sachs: Different Visions of America

You can’t find a better contrast between the vision for our country than those offered by AFL-CIO President Richard Trumka and Goldman Sachs. One vision sees America as the land of equality and fairness. The other vision sees an America where greed is good.   Here is some of what Trumka will say today at […]

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Global Banks Took Our Money, Even When They Didn’t Need It

Putting aside the larger argument for the moment about whether we–the taxpayers–should have stepped into to save failing institutions, it is pretty clear now that what we also did was just give a nice new revenue stream for banks that did not need the money but figured, heck, why not get our taste from the […]

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Catfood Commission Dead: Thank God

What a waste of time. They can now drift into obscurity. But, after listening to the self-congratulations of many of the members of the Catfood Commission, all I can say is: we have a long task ahead to turn around the country to get back to reality.   Here was the opening nonsense that I […]

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It’s Not Raining, We’re Getting Peed On (4): The Scam of the Deficit Crisis

Over the past three days, we’ve looked at the phony deficit crisis withe excerpts from my new book, "It’s Not Raining, We’re Getting Peed On: The Scam of the Deficit Crisis", here (from the introduction), here (a taste of the the very Stupid Statements made about the deficit and debt) and here (who is behind […]

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It’s Not Raining, We’re Getting Peed On (3): The Scam of the Deficit Crisis

   In the last two days, I’ve written about the phony deficit/debt "crisis" here and here, using excerpts from my new e-book, "It’s Not Raining, We’re Getting Peed On: The Scam of the Deficit Crisis". Today, as the Catfood Commission unveiled its final report, I’ll continue by looking at some of the people behind pushing […]

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It’s Not Raining, We’re Getting Peed On (2): The Scam of the Deficit Crisis

Yesterday, I kicked off a series of posts about the phony deficit/debt "crisis" with an excerpt from the introduction to my new book, "It’s Not Raining, We’re Getting Peed On: The Scam of the Deficit Crisis". Today, I’ll continue with a part from the first chapter called, "Stupid Statements".   In honor of the mind-boggling […]

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The Mozilo Method: Rob, Get Caught, Cut Deal, Die Rich

We are missing part of the anger that I think cuts across the political spectrum–and it goes right to the question: why is Angelo Mozilo not going to jail for a very long time? Because the political system still is not willing to jettison our coddling of the vast array of people who committed deep […]

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