Senior Research Scholar at Yale University Immanuel Wallerstein believes that the real economic crisis is still up ahead. According to Wallerstein, last years collapse was its minor version.
Many authors, journalists, and publicists have asserted causes for the financial crisis and stock market crash of 2008. However, none have done as comprehensive a job as Barry Ritholtz in his Mount Everest view of how it all went down: Bailout Nation. Bailout Nation avoids all the disingenuous blame-shifting onto specific political parties or individuals.… Read More »
In-depth on the biggest theft in world history in this 1.5 hour long interview by William Black the person who brought down the Keating 5 in the S&L crisis. Absolutely amazing. Actually this video covers a LOT more than merely what’s going on at GS. Perhaps the speaker’s most telling point is that there was… Read More »
By Eliot Spitzer I have an unfortunate sense that the "green shoots" in the economy that everyone is talking about are nothing but dandelions. Sure, forcing $1 trillion of taxpayer moneyâ€”in direct capital, guarantees, and diminished cost of borrowingâ€”into the banking sector has permitted the major banks to claim solvency for the moment. Yet we… Read More »
Wow. Listen to Dylan Ratigan in this 16 minute interview. The interview was conducted just before he was fired from CNBC. Perhaps statements like "this is the largest scam and cover-up in U.S. history" got him in trouble with GE / CNBC, or whatever powers that be. Download MP3
Here is an amazingly frank piece of work from a mainstream network, ABC. Titled America’s Banks 101, similarities are drawn between schoolyard bullies and three-card monte in explaining the banking crisis upon us today. http://abcnews.go.com/video/playerIndex?id=7490761
Janet Tavakoli, author of Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street, describes her meetings with investor Warren Buffett prior to the economic downturn. It’s a shame so few average Americans know who she is. The video is long, but well worth your time.
The global economy is experiencing the deepest downturn in the post-World War II period, as the financial crisis rapidly spreads around the world. A large number of advanced economies have fallen into recession, and economies in the rest of the world have slowed abruptly. Global trade and financial flows are shrinking, while output and employment… Read More »
For this sort of money, we could have had human exploration of the Solar System, manned bases on Mars, new super colliders to explore the boundaries of known physics, massive space telescopes, and funding for generations of pure science students and their research projects, which would have all added up to humans gaining a far… Read More »
Have a look at what Jim Rogers said today on Bloomberg. I tried embedding the video but Bloomberg doesn’t seem to let you do that. You’ll have to look at their site and search for the following: Rogers Says Geithner Caused Crisis, Must Let Banks Fail February 11 (Bloomberg) — Jim Rogers, chairman of Rogers… Read More »