"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Greedy little thugs, aren’t they? But Obama hearts them and says, by golly, their bloated pay and bonuses are just fine with him, even if the government is bailing them out and shipping them billions as fast as it can.…
Yves is not happy. We have just been through the greatest looting of the public purse in history, and Obama tries to pass it off as meritocracy in action. Obama is beyond redemption. From the comments there. Beyond redemption? We…
I’m with Simon Johnson here: how is it possible, at this late date, for Obama to be this clueless? Obama doesn’t even make a pretense of thinking the general public might be angry at these bloated bonuses for bailed-out banksters.…
Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and…
And now it’s going to get even better to be a bank. Why? Because the first part of the Fed’s exit plan will reportedly be to increase the amount of interest the Fed pays on “excess reserves.”