Group Think, Duct Tape and Slam Dunks
McClatchy Washington Bureau Sun, Nov. 01, 2009 Greg Gordon | McClatchy Newspapers November 01, 2009 01:17:44 AM WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in […]
MoreJun 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 […]
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