“The Economist’s Sell Signal,” (November 30, 2013) critiqued the “The Perils of Falling Inflation,” in the magazine’s November 9, 2013, issue. “The Perils” attempted to erase history, an effort to protect the central-banking version of history from criticism.
A splendid opportunity is in the offing, though it is premature to expect the earth to quake. As background, Hank Greenberg, former chairman of AIG, is suing the United States. The case itself is not the subject here. Starr International Company, in which Greenberg is housing his lawsuit, was the largest shareholder in AIG on September 16, 2008, the day when the U.S. government “seized control of AIG” (quoting from the September 17, 2008, Wall Street Journal).
This is a syndicated repost published with the permission of The Baseline Scenario. To view original, click here. Opinions herein are not those of the Wall…
Sheila Bair, the former FDIC chairwoman who heads the newly formed Systemic Risk Council, explores whether U.S. banks can handle the European banking crisis and…
Three years ago the most-powerful instutitions in America were the nation’s largest banks and brokerages, Wall Street for short.
While millions of people were losing their homes, their jobs and their savings, the nation’s elite extracted a $700…