Tag Archives: economy

You Don’t Get It

By admin | Published: March 23, 2009

My Favorite Rolling Stone Author, Matt Taibbi, has a fantastic (and fantastically long) article on the financial crisis; where we are, how we got here and where we’re going. Here’s a snip: The most galling thing about this financial crisis is that so many Wall Street types think they actually deserve not only their huge [...]

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Destroying Value

By admin | Published: December 19, 2008

(via Krugman and the NYT) The financial services industry has claimed an ever-growing share of the nation’s income over the past generation, making the people who run the industry incredibly rich. Yet, at this point, it looks as if much of the industry has been destroying value, not creating it. And it’s not just a [...]

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The President is “Very Disappointed”

By admin | Published: September 29, 2008

Upon hearing the bailout failed to pass in the house: A White House spokesman said that President Bush was “very disappointed.” “There’s no question that the country is facing a difficult crisis that needs to be addressed,” Tony Fratto told reporters. He said the president will be meeting with members of his team later in [...]

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