June 29th, 2010 | Leave Comment
bailout
May 22nd, 2010 | Leave Comment
Confessions Of A Wall St. Nihilist: Forget About Goldman Sachs, Our Entire Economy Is Built On Fraud
This article first appeared in The New York Press. There was a strange moment last week during President Obama’s speech at Cooper Union. There he was, groveling before a cast of Wall Street villains including Goldman Sachs chief Lloyd Blankfein,…
April 28th, 2010 | Comments (112)
If you search your favorite news aggregate for “US housing market”, you’ll find a whole mess of headlines guaranteed to make you feel good about that crappy McTractHome you might have bought at the height of the real estate orgy….
September 3rd, 2009 | Comments (25)
I was channel surfing last night when I stumbled upon a couple of Citi commercials—or PSAs, since taxpayers own more than 30% of Citi—that offered viewers a number of depression-era, cost-cutting lifestyle suggestions. With the billions in bonuses Citi has paid out to…
August 1st, 2009 | Comments (14)
Treasury Secretary Tim Geithner is in China today, doing whatever it takes–no matter how shameless and sordid– to make sure that the Chinese don’t pull out of American bonds, which are tanking in value thanks to Geithner’s multi-trillion-dollar gift to…
June 1st, 2009 | Comments (21)
If you’re wondering why disgraced pseudo-rebel Rick Santelli and his pals at CNBC kept strangely quiet about the hundreds of billions in bailouts right up until a couple weeks ago, when the government finally extended its bailout program beyond the…
March 3rd, 2009 | Comments (21)
