Blair Snubbed After Memorial for Iraq Dead War, What Is it Good For? What Not Being Able To Buy Oil In Dollars Means The Securitization Boondoggle
By AFP
Former British prime minister Tony Blair was told he had "blood on his hands" by the father of a dead soldier Friday, after a memorial for the fallen of the Iraq war in London. Continue
Iraq to Deal Oil in Euros
By Digby
You may remember that among the million and one reasons why we may have "really" gone into Iraq was this one, embraced mostly by alleged conspiracy theorists and silly leftists who thought that the invasion might have something to do with oil and the dollar: Continue
By Ian Welsh
The US can’t live on weapon sales alone. In most other fields, including telecom, the internet, large chunks of biotech, renewable energy, ground transportation and so on the US now lags other modern economies. Continue
By Mike Whitney
The relentless financialization of the economy has resulted in a hybrid-system of credit expansion which depends on pools of loans sliced-and-diced into tranches and sold into the secondary market to yield-seeking investors. The process is called securitization and it lies at the heart of the current financial crisis. Continue
Saturday, 10 October 2009
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