Day August 3, 2007

Bear Stearns. subprime not contagious, uh huh

Perhaps such willful ignorance from Bear helps explain why three of their hedge funds just blew up. Apparently they don’t even read the news. “Housing slump eroding profits, from railroads to chemical companies“ An Australian bank warned its funds had…

Putin’s Russia as fascist mafia

New Statesman says fascism is spreading in Russia under Putin, as witness his personality cult youth brigade. “The comparison with Hitler Youth is beginning to be made more and more often.” Chess master and dissident Garry Kasparov says to genuinely…