Group Think, Duct Tape and Slam Dunks
Jun 17, 7:13 PM (ET) By JIM KUHNHENN and MARTIN CRUTSINGER ASSOCIATED PRESS WASHINGTON (AP) – From simple home loans to Wall Street’s most exotic schemes, the government would impose and enforce sweeping new “rules of the road” for the nation’s battered financial system under an overhaul proposed Wednesday by President Barack Obama. Aimed at […]
MoreThe Quiet Coup The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of […]
MoreLarry Summers, Tim Geithner and Wall Street’s ownership of government Glenn Greenwald- SALON Apr. 04, 2009 | White House officials yesterday released their personal financial disclosure forms, and included in the millions of dollars which top Obama economics adviser Larry Summers made from Wall Street in 2008 is this detail: Lawrence H. Summers, one of […]
MoreThe global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution ROLLING STONE | March 19, 2009 The Big Takeover- Matt Taibbi It’s over — we’re officially, royally fucked. No empire can survive being rendered a permanent laughingstock, which is what happened as […]
MoreBBC NEWS By Joe Lynam Billionaire investor Gorge Soros has said the G20 summit will be a “make or break” event for the world’s economy. In a BBC interview, Mr Soros said the international financial system had collapsed because it was flawed and it had to be restructured. Mr Soros say it may be the […]
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::Tullycast:: 