A lot of political insiders in both parties think Bain Capital is pretty much a dead issue in the 2012 presidential campaign… Except it’s not.…
Positive views of Wall Street have slipped, though only modestly, since the advent of Occupy Wall Street and an increased focus on economic inequality. Currently,…
WASHINGTON — The odds surely increased Friday that the Federal Reserve will ride again to the rescue of the faltering economic recovery, making borrowing a…
I first came to national attention back in 2008 and 2009 when the housing and credit markets imploded. I became known as the guy that other market “experts” laughed at when I warned of trouble brewing in the seemingly indestructible American econom…
The Need For An Independent Investigation Into JP Morgan Chase- Simon Johnson- The Baseline Scenario
By Simon Johnson JPMorgan Chase is too big to fail. As the largest bank-holding company in the United States, with assets approaching $2.5 trillion as reported under standard American accounting principles, it is inconceivable that JPMorgan Chase would be allowed … Continue reading →
Reposted from The Truth About JP Morgan’s $2 Billion Loss – Washington’s Blog, with our thanks. On-site permission posted. Must-Read Background Before we can understand what’s…
FOR the first time in 40 years, the government sector of the American economy has shrunk during the first three years of a presidential administration.…
January 6, 2012, 9:03 pm
Wall Street Is Bracing for Dismal 4th Quarter
By SUSANNE CRAIG
Wall Street banks have been buffeted by the weak American economy and the European debt crisis.
For most Wall Street bankers, 2011 was a year they would rathe…
The commodification and expansion of credit and the transformation of housing from shelter to speculation doomed the nation to debt-serfdom.
How did America become a land of debt-serfs? We can trace our debt-serfdom to three core dynamics which now…
NEW YORK – For the American economy – and for many other developed economies – the elephant in the room is the amount of money paid to bankers over the last five years. For banks that have filings with the US Securities and Exchange Commission…
