Ellen Brown: A crisis in a major nation such as Spain or Italy could lead to a chain of defaults beyond anyone’s control, and beyond the ability of federal deposit insurance schemes to reimburse depositors.
Ellen Brown: When Americans realize that the alternative is to have their ready cash transformed into “bank stock” of questionable marketability, moving failed mega-banks into the public sector may start to have more appeal.
So the fact that Goldman has reverted to its old ways in the market suggests it has every reason to believe it can revert to its old ways in politics, should its market strategies backfire once again — leaving the rest of us once again to pick up the pieces.
Treva Brandon Scharf: I use these parks and trails for exercise, for social time with friends, for activities with out-of-towners, for romantic outings, and for the spiritual benefits I get from communing with nature.
Ed Rampell: Some may find Wasserman to be an alarmist, while others might regard him as a prophet. In any case, he is also a jokester and on the, uh, lighter side this ’60s “leftover” advocated “legalization of hemp and marijuana.”