Banking Crisis

AIG by JT2016

The Quiet Coup :: Simon Johnson

The 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 […]

AIG by JT20162016

Greenwald: The Individuals Obama Chose to be His Top Economic Officials Embody Exactly the Corruption He Repeatedly Vowed to End

Larry 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 […]

Wall Street by JT20162016

New Yorkers Popping Pills Like Skittles

Anxious New Yorkers popping more pills CRAINS NEW YORK BUSINESS By Daniel Massey Published: December 12, 2008 Prescriptions filled for anti-anxiety drugs, anti-depressants and sleep aids have surged in the city as New Yorkers struggle to cope with uncertainties brought on by the financial crisis. The spike was particularly evident in September, when an economic […]