Treasury

Wall Street by JT

The 17th Floor, Where Wealth Went to Vanish

The 17th floor, where wealth went to vanish By Diana B. Henriques and Alex Berenson Monday, December 15, 2008 The epicenter of what may be the largest Ponzi scheme in history was the 17th floor of the Lipstick Building, an oval red-granite building rising 34 floors above Third Avenue in Midtown Manhattan. A busy stock-trading […]

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Tullycast by JT

Stiglitz on The Great American Economy [must read]

VANITY FAIR Reversal of Fortune Describing how ideology, special-interest pressure, populist politics, and sheer incompetence have left the U.S. economy on life support, the author puts forth a clear, commonsense plan to reverse the Bush-era follies and regain America’s economic sanity. by Joseph E. Stiglitz November 2008 When the American economy enters a downturn, you […]

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