Mark Naison: The last time we had an extended period of profits rising while wages stagnated was the 1920′s – many historians view this as the most significant underlying cause of the Great Depression.
Nevada Wallops Bank of America With Sweeping Suit
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Paul Kiel: Nevada’s action signals that the banks’ problems with home mortgages—the main cause of the financial crisis—continue to burden them and rattle investors.
Friday Feedback: Politicians Caused the Credit Crunch
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I will not name any bankers or politicians as my favorites in causing this credit crunch we are now having. I will say the politicians were the only people tasked with acting in our interest so as a group they are the most to blame. They developed and passed the laws that now haunt us and did not provide adequate over sight.
Taking in the Economic View from Lake and Colorado
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It is tempting to view the current economic crisis as a problem for Wall Street and Washington, D.C. However, a local resident can learn all that’s needed about the impending financial meltdown simply by standing on the northeast corner of Lake Avenue and Colorado Boulevard in Pasadena, California. From there, the entire crisis can be [...]
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