Adam Eran: The real outrage is that private banks receive far more money than any social safety net program would need, but the proposed cuts impact only safety net programs.
Inside Job
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Tom Degan: What is incredible about this very important film is that a few of the perpetrators of this incalculable theft arrogantly sat down with the makers of the film for interviews that are as jaw-dropping as they are outrageous.
Sacramento County’s General Plan, Part Deux
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Mark Dempsey: Besides the history of local development, recent lapses by our politicians, who regularly bow to speculation and greed, don’t exactly inspire confidence. Wall Street speculators absconded with 40% of the world’s wealth, and only Bernie Madoff is in jail.
Economic Recovery Will Be More than Trusting President Obama’s Stimulus Plan
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The Audacity Of Greed should be the title of President Obama’s next book. Never could he have imagined how tough getting out of an economic recession (borderline depression) when he signed up for the presidency. He knew the job was tough when he took it, he just didn’t know that greed would continue to trump [...]
Madoff, Stanford, Ponzi and the Media
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Few had heard the name Bernard (Bernie) Madoff, as recently as two months ago. An equally small group was familiar with the term “Ponzi Scheme” when the Madoff scandal broke. And now there is the Sir R. Allen Stanford scandal. Now, in this era of keen observance to rules of fiscal prudence where the public [...]
What Should Be Done With The Next $350 Billion of Taxpayer Bailout Money: Criteria for TARP II
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It’s difficult to make the case that the first $350 billion bailout of Wall Street — so-called “TARP I” — fulfilled its goals, unless one argues that the Street would have imploded without it, which is pretty much what Hank Paulson is saying these days. And since it’s impossible to prove a counter-factual, especially when [...]
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