This article is cross-posted from Naked Capitalism.
New York Attorney General Eric Schneiderman has been celebrated as the progressive Great White Hope. But the danger of assuming leadership is that that individual becomes a target both of attacks and of seduction. And while I’d like to think better of Schneiderman, an announcement earlier this evening has strong hallmarks of Schneiderman falling prey to the combined pressures and blandishments of the Administration and its allies.
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So, who you gonna believe, a Nobel Lauraete, taking on his election year hack role as a Democrat, or your lying eyes, looking at miles and miles of abandoned manufacturing areas across the midwest and northeast, and shuttered main streets across the country where Wal-Mart, packed with Chinese manufactures monopolizing a good chunk of “personal consumption” in those communities?
You may have heard positive things about Margin Call, a new bankster suspense drama loosely based on the 2008 collapse of Lehman Brothers. I just saw the film, and my advice: Don’t waste your time and cash, not unless you want…
This article was first published on the CounterPunch website The breathlessly awaited government report that promised to shore up public confidence by explaining why the stock market briefly plunged 998 points on May 6, with hundreds of stocks momentarily losing…
Now I know what they mean when the media uses that word “outrage.” I saw it with my own eyes, during yesterday’s Congressional hearings with Tim Geithner. Turns out “outrage” refers to a ritual whereby Congressmen in Washington put on…
Gold coin issued by Nicholas Deak at the peak of the last gold boom While working on my upcoming book out here in the High Desert, I went off on one of those research tangents that led me to an…
Once again, the Case/Schiller Index has lived up to its name. All summer long, real estate shills have used it to jack up homebuyer confidence and fluff the housing market. Now, they are doing it again. Just look at the bullshit…
