Deregulation
SEC: Sorry Excuse Commission
The SEC even allowed a single lying, conniving thief running a Ponzi scheme right under their noses to “voluntarily” regulate himself.
December 17, 2008 | Read More
Origins Of The Meltdown?
Did a well-intentioned but poorly thought out law from the 1970s lead to the economic collapse?
December 12, 2008 | Read More
Subprime Thinking
So-called “aggressive lobbying” from the banking industry kept our government from cracking down on crazy mortgages.
December 1, 2008 | Read More
Obamanomics And Hedge Funds
Don’t expect much “change we can believe in” when it comes to regulating hedge funds.
November 28, 2008 | Read More
$700 Billion? Not Even Close. Try $7.7 TRILLION
Surprise! The tab for the economic bailout just got bigger. A lot bigger.
November 24, 2008 | Read More
The Revolving Door Spins Into The Obama White House
Obama’s chief of staff earned millions as an investment banker by exploiting his knowledge of government. Now that he is set to become the right hand man of the most powerful man in the world, will anyone be able to exploit him–or his new boss?
November 19, 2008 | Read More
The Snidely Whiplash of Economics
Everyone knows the cliche of the dastardly villain tying a damsel to the railroad tracks, then twirling his mustache and laughing as the locomotive approaches. And everyone knows that, in real life, villains just aren’t so obvious. Except, that is, for former Senator Phil Gramm.
November 17, 2008 | Read More
GM Bellies Up To The Bailout Table
It’s like the Bard said: “Ah, what a tangled web we weave when first we practice to … throw taxpayer money at massive multinational corporations.” Okay, maybe Shakespeare wasn’t talking about Hank Paulson, Goldman Sachs, and now General Motors. But he could have been.
November 8, 2008 | Read More
Another Economic Albatross
If Samuel Taylor Coleridge were around today, he could write the Rime of the American Economy and the takeaway line from the poem would be, “Debt, debt everywhere and nary a drop of equity.” Now there’s another deficit-bloated albatross about to be draped over our country’s economic neck: corporate debt in companies owned by private equity firms.
November 3, 2008 | Read More
Greenspan’s Mea Culpa - A Day Late, A Dollar Short
An update to my earlier post on Alan Greenspan’s testimony to Congress today. Greenspan finally conceded that trusting Wall Street to govern itself wasn’t such a good idea.
October 23, 2008 | Read More
