Shadow Banking System: Collateral Damage

ben bernanke

Ellen Brown: The Fed could avoid collateral damage to the shadow banking system without curtailing its quantitative easing program by taking the novel approach of directing its QE fire hose into the real market.

An American Nightmare

antisemitism

Steve Hochstadt: What does matter in 2011 is that mainstream libertarians and conservatives think a film that portrays Jews as evil monsters bent on world domination is worth showing, praising, and promoting. After decades of retreat, the antisemitism of Ford and Coughlin, and of the Nazis, is back, on a screen near you.

Alan Greenspan: As Unrepentant as Ever

alan-greenspan

Joseph Palermo: He still wants to blame a “few bad apples,” instead of looking at his own role fanning the flames and pouring gasoline on the fire while the $8 trillion housing bubble was being pumped up. Greenspan said AIG’s problems were with insurance, but Born countered that if CDSs had been insurance they would have been regulated. Greenspan is bullshitting us again.

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