05-18-2012, 12:55 AM
Let me provide the bigger picture.
1) Here is the 2008 article from Simon Johnson about the financial crisis as the result of capture of many government institutions by finance. You might want to keep in mind that Simon Johnson isn't some left-wing conspiracy theorist but former chief economist of the IMF.
2) If you still have doubts, here is Matt Taibbi about how finance has completely nullified any attempt at financial reform.
3) And of course, Matt Taibbi's article about Goldman's and others naked shortselling practices is pretty revealing as well and points to the need for financial regulation.
Together this paints a rather disturbing picture, I would say. That first (Johnson) article really is one of the best I've seen.
1) Here is the 2008 article from Simon Johnson about the financial crisis as the result of capture of many government institutions by finance. You might want to keep in mind that Simon Johnson isn't some left-wing conspiracy theorist but former chief economist of the IMF.
2) If you still have doubts, here is Matt Taibbi about how finance has completely nullified any attempt at financial reform.
3) And of course, Matt Taibbi's article about Goldman's and others naked shortselling practices is pretty revealing as well and points to the need for financial regulation.
Together this paints a rather disturbing picture, I would say. That first (Johnson) article really is one of the best I've seen.