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Tag Archives: banks
In his most recent TruthDig column, former New York Times war correspondent, Chris Hedges, observes that reform in America via personality-based electoral politics has “become a form of magical thinking.” He is, of course, alluding to the hope that accompanied Barack … Continue reading
This recent 60 Minutes segment is very dispiriting. Notice how easy it is for large banks to shift responsibility (and so avoid criminal prosecution). It’s yet another example of mortgage lenders engaging in buck passing and (im)plausible deniability: speak no evil, see … Continue reading
Before seeing the documentary Inside Job, I genuinely thought that Max Keiser’s somewhat well-known public condemnation of Goldman Sachs was largely hyperbole. I now think otherwise. Everything he says here is, if anything, an understatement: . And here’s Inside Job on DVD … Continue reading
If you haven’t seen Inside Job yet, it’s a must see. I’ve watched it on DVD three times over the past week. It’s one of the most powerful documentaries I’ve ever encountered (and I’m a longtime follower of documentaries). Liberal or conservative, … Continue reading
At his blog, Nobel Prize economist Paul Krugman succinctly explains the importance of banking regulation and why Barack Obama must fight for it—and win: I’m reading Gary Gorton’s Slapped by the Invisible Hand, which tells us that there were bank … Continue reading
Talk about an ironic reversal on the Publisher’s Clearing House Sweepstakes: you don’t win a big home, you bulldoze it! Terry Hoskins says he’d had enough. This today at AP: Terry Hoskins says he has struggled with the RiverHills Bank over … Continue reading
As a Political Statement, after this New Year’s Weekend, My Wife and I are Moving Our Money from Our Current Big Bank to a Small Bank
Here’s a video that explains what we’re doing, and why: Join us? Other than the inconvenience of the shift, if you move your money to a credit union or small community bank, your accounts are still FDIC insured. Visit this website … Continue reading
The highly respected (and right so far) economist, Nouriel Roubini (“Dr. Doom”), is now advocating the nationalization of the banks, stabilizing them, and then reselling them back into the private sector. Read his argument for doing this (in a piece … Continue reading
Don’t bail—but let banks fail? We’re “singing a different tune” now that it is America that is in a financial crisis. Today’s NY Times: [C]leaning up the banks’ bad assets, without extracting a heavy price for the bank managers, shareholders … Continue reading
Is John McCain Old Man Potter—and Barack Obama Jimmy Stewart? The 1929 Bank Run Scene from “It’s a Wonderful Life”
“I.O.U.S.A”: This is the Title of a Film Documentary on the National Debt that Premiered at Sundance in 2008—and My Guess is that It’s Going to Get a Lot More Attention in Light of the Global Markets Crisis
Here’s the film trailer for I.O.U.S.A: And here’s Greenspan on the crisis: