"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Bloomberg says our big banks essentially are insolvent parasites that exist solely due to government bailouts. The Too Big Too Fail banks receive huge implicit subsidies since they can borrow from the government at lower rates, because if they failed…
First the banksters impoverished Greece, now they are stripping it of assets, all in the name of “austerity”, which in reality translates to more money for the 1% and less for everyone else. The banksters played a major role in…
From the Future of Money Design Award comes a contest to design a future financial crime. Hmm, with digital money becoming increasingly common and financial instruments ever more deliberately opaque, seems to me a future financial crime could blend those…
Apparently some are shocked, just shocked that Obama would appoint a Wall Street crony to pretend to enforce laws against Wall Street crime at the SEC. Matt Taibbi feigns shock to make a point. Couldn’t they have found someone who…
Morgan Stanley sold toxic garbage to clients and apparently had a jolly good time choosing names for this slop. The names included “shitbag”, “subprime meltdown”, “nuclear holocaust”, and “Mike Tyson’s punchout.” They peddled this drek to trusting clients then shorted…