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It is a known fact today that extreme conservatives push for tax cuts (but just for the wealthy) and extreme liberals are against all tax cuts, believing that we need higher taxes to pay for government programs … and that taxes somehow won’t create any drag on the economy. I believe both extremes are wrong. […]
After thorough analysis of the financial landscape, I strongly believe that giant banks need to be broken up NOW and before it is too late. My rationale? Giant banks are the major reason why sovereign debt has become a major crisis today. In fact, the Bank for International Settlements (BIS) recently pointed out in a […]
When Brooksley Born was interviewed on an episode of the PBS documentary series, Frontline, in October of 2009, it was the first time many viewers had ever heard of AIG’s involvement with credit default swaps. It was definitely the first time the majority of the American people had ever heard anyone quantify the depth of […]
I would say nothing at all…. In fact, instead of changing their behavior to prevent another crisis, the Powers-that-be seem to be doubling down on the strategies that Caused the Financial Crisis in the First Place Liberals blame deregulation and reckless Wall Street greed for the economic crisis. Conservatives blame bad government policy. What are […]
While the big boys try to sell the “dumb money” on a recovery under a “greater fool” theory, the smart money knows the score. While the snake oil salespeople at the retail investing level selling financial channels have been saying for years that we’re in a “recovery” (albeit a slow one), we all know that […]
