Small Business Owner Fears the End is Near. Not to Big to Fail, and Nobody...
There are those at the top, the Goldmanites, the Wall Streeters, the shakers and the movers behind the scenes.Then there are the rest of us. The small business owner. The employee punching the time...
View ArticleKrugman: "Reform should hurt the bankers." Supports "FAT Tax."
Paul Krugman, in his NY Times column, today, "Don't Cry for Wall Street," talks of President Obama's speech on financial reform at Cooper Union, yesterday. The Nobel laureate and Princeton economics...
View ArticleA Bastille Day Reminder: We Reap What We Sow
Today, FPer DemFromCT reminded us of the oncoming locomotive, steaming towards us just down the mid-term election tracks, that's about to derail our Party's agenda, head-on, as we sit here pondering...
View ArticleThe Real Warren/CFPB Story: The True Cost of Wall St. "Reform"
Over the past few days, more and more information is making it to the forefront of the MSM which is providing us with much greater insight as to why there's significant resistance from Wall Street...
View ArticleNaked Capitalism: Do the Rich Need the Rest of America?
In my research for the post you're (hopefully) about to read, I believe I may have stumbled upon a greater truth, and it is this: People are becoming increasingly aware--at least to the point where it...
View ArticleReich, Krugman, Smith: Economic Exhumations & Incompetence
Nobel Prize-winning economist Paul Krugman is telling us, this morning in his NY Times op-ed column, (See: "America Goes Dark"), that our government is taking a "disastrously wrong turn," as far as the...
View ArticleMorgenson: Our "Bailout Bacchanal" and "Debt's Deadly Grip"
Gretchen Morgenson has another great lede in Sunday's NY Times' Business Section, entitled: "Debt's Deadly Grip." In it, we learn of the findings in the Federal Reserve Bank of New York's first report...
View Article"The Talk Was Talked, But The Walk Was Never Walked"
As far as the Obama administration's concerned, these are Summers' last days. Ironically, I'm posting this on the first day of Autumn. It's also a full moon. It's the harvest; time to reap what's been...
View ArticlePlunging Into The Abyss: "America's Deepening Moral Crisis"
(Diarist's note: This is a very lengthy diary--one of my longest, in fact--with multiple breaking news stories in it, which convey some very depressing new pieces of information about the current state...
View ArticleThe Mortgage Insurance Scam: Dems Paying For GOP's Sins
Today, we've been brutally reminded of just how sysyphean the task of easing the plight of our nation's most-affected victims of this country's economic downturn really is. On the one hand, we talk of...
View ArticleStiglitz: "Corruption, American-style." (Where's Liz Warren?)
Nobel Prize-winning economist Joseph Stiglitz has a powerful post (h/t to University of Oregon Economics Professor Mark Thoma at his Economist's View blog) running over at Project Syndicate, right...
View ArticleThe Great Unravelling: Is Bank of America Done?
When mortgages are "securitized" by the banks that originate them ("sponsors"), such as Bank of America -- whom we're slowly learning, this weekend, due to developments in a New Jersey bankruptcy...
View ArticleThe Smell of Christmas: Fresh Nuts Roasting On The Open Fire
Paul Krugman, who's been on quite the Orwellian rant over the past couple of weeks, had a little post on his blog Wednesday, entitled: "Arsonists Prosecuting Firefighters." In it, he gives us this gem...
View ArticleThe Theft Of Hope
In Sunday's NY Times, Frank Rich talks of the destruction of the "American Dream" in the now-institutionalized inability of current-day capitalism to give the middle class a fair shake in, "Who Killed...
View ArticleThe United Bankrupt States of Twisted Economic Priorities
Let me get this right. According to the lead story in tomorrow's NY Times, "Path Is Sought for States to Escape Debt Burdens," it may soon become official government policy that it is more important to...
View Article"Competitiveness," Just Another Word For Nothing Left To Lose
On Tuesday, the President will deliver his State of the Union (SOTU) address on Capitol Hill. Last night, he told us that he will talk about our country's "Competitiveness." He also noted that he will...
View ArticleEndgame
As Naked Capitalism Publisher Yves Smith explained, yesterday, in "Wall Street Co-Opting Nominally Liberal Think Tanks; Banks Lobbying to Become New GSEs," the faux Democratic wing of the Democratic...
View ArticlePay-Go-To-Hell
Let's take a look at a couple of our "economic recovery highlights" from the past 24-hour news cycle, both in the MSM and around the blogosphere... The U.S. Treasury may have just provided AIG (that...
View ArticleWhat 'Shared Sacrifice' means to Michigan's new Governor
Gov. Snyder unveils his budget planProposes deep cuts in spending, business taxes by Todd A. Heywood, michiganmessenger.com -- Feb 17, 2011Republican Gov. Rick Snyder, before a joint session of the...
View ArticleThe new phone book's here!
Sorry, I just love that line from Steve Martin's "The Jerk." But it is somewhat applicable: the new "phone book" -- the listing of the world's richest individuals -- has just arrived... and the story...
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