"Lehman’s failure is a story in large part of fraud"
Black's Knockout Testimony
By Mike Whitney
On Tuesday, Former regulator William Black appeared before the House Committee on Financial Services and beat the living-tar out of Lehman CEO Dick Fuld for 8 full minutes. It was a moment of sheer, unalloyed pleasure that will be savored for a long time to come. Continue
American Kleptocracy
How Fears of Socialism and Fascism Hide Naked Theft
By William J. Astore
If we were to take an honest look at America’s blasted landscape of “losers” and the far shinier, spiffier world of “winners,” we’d have to admit that it wasn’t signs of onrushing socialism or fascism that stood out, but of staggeringly self-aggrandizing greed and theft
Paying For War, Not For College: One in 5 Californians is out of work. Over three quarters of a million have lost their homes. Desperately needed social services have been cut to the bone. Yet residents of our state continue to pay for a senseless war in Afghanistan
IMF: Banks bailouts should in future be funded by two new taxes: The report from the IMF, which was sent to the G20 nations, urged that all banks should pay the levy, thereby making a "financial stability contribution".
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