Wall Street
Wall Street's Bailout Hustle by Matt Taibbi
On January 21st, Lloyd Blankfein left a peculiar voicemail message on the work phones of his employees at Goldman Sachs. Fast becoming America's pre-eminent Marvel Comics supervillain, the CEO used the call to deploy his secret weapon: a pair of giant, nuclear-powered testicles. In his message, Blankfein addressed his plan to pay out gigantic year-end bonuses amid widespread controversy over Goldman's role in precipitating the global financial crisis.
Triumph of the Money Party by Michael Collins
The Money Party is a small group of enterprises and individuals who have most of the money in this country. They use that money to make more money. Controlling who gets elected to public office is the key to more money for them and less for us September 30, 2007
Dr. Howard Dean, MD, just said pull the plug on the current health care reform effort. The cure is worse than the disease according to the good doctor.
Why the surprise?
If You Thought the Last Bailout of Wall Street Was Disastrous, Here Comes TARP on Steroids by David Sirota
I recall that September day like it was yesterday -- the explosion so stunning, so memorable. It wasn't 9/11/01, it was 9/29/08 -- a moment when a rare blast of populist democracy briefly singed the economic terrorists who hold the Capitol hostage.
Priceless: How the Federal Reserve Bought the Economics Profession by Ryan Grim
The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found.
Wall Street’s Toxic Message by Joseph Stiglitz
When the current crisis is over, the reputation of American-style capitalism will have taken a beating—not least because of the gap between what Washington practices and what it preaches. Disillusioned developing nations may well turn their backs on the free market, warns Nobel laureate Joseph E. Stiglitz, posing new threats to global stability and U.S. security.
The Big Takeover: How Wall Street Insiders are Using the Bailout to Stage a Revolution by Matt Taibbi
It's over - we're officially, royally fucked. No empire can survive being rendered a permanent laughingstock, which is what happened as of a few weeks ago, when the buffoons who have been running things in this country finally went one step too far.
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