Bank executives understood the risks
But went ahead anyway, and pocketed a cool $2.6B, and that’s just the proceeds for selling their own bank stock by the 14 CEO’s, while long-term shareholders did very badly..
First the IMF, now Greenspan
The economic and social ills produced by rising inequality..
IMF warns for dire consequences of rising inequality
Civil wars, derailing economic recovery, wow…
Reinventing government
It’s one of the best ideas, but hardly a new one..
No wonder Greece went under..
Horror stories of doing business in Greece..
Singapore
Our kind of country: “Singapore probably has the freest market in the world; it doesn’t believe in import tariffs, minimum wages or unemployment insurance. But it believes regulators need to […]
Natural capitalism
Excellent idea, harnassing market forces for the good of the planet…
Three very good articles
One very thorough one on the state of European banks, another one from Simon Johnson, former chief economist of the IMF, on failure of financial reform, and then one on […]
Rot at the core of the system
Summed up in a few simple statistics..
Six reasons for financial reform
Depend on your view of what caused the crisis, vintage Krugman stuff…