Why isn’t anyone responsible for the greatest heist in history behind bars?
A must read. Matt Taibbi asking the question. Here is his answer. Disturbing, really disturbing…
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..
Did the poor cause the financial crisis?
Former IMF chief economist Simon Johnson on the case..
Financial crisis was avoidable
What a surprise..
Cutting-edge macro-economics analysis of the crisis
Yes, that guy again. Not only a columnist. Combining original work from Koo (on balance sheet recessions), Irving Fisher (debt-deflation) and Minsky..
Finance is the new weapon of mass destruction
Interesting read, this..
Soros on the crisis
He’s not only a smart investor. Required reading.
Required reading
From the BIS and TPC…
Extreme income inequality
ZeroHedge remains an interesting site, despite their senseless and almost completely unsubstantiated daily rants against Keynesianism (or better, what they think is Keynesianism). This is a must read on the […]
Liquidity trap
Nasty stuff, that. The Fed saved the day, for now, by hinting another round of QE if the economy gets even worse. But what would QE actually achieve under the […]