Tag Archives: Larry Summers

A Drop in the Bucket

Citigroup: The Original Gangsta By Robert Scheer/ Truthdig/ July 14, 2014 Barack Obama’s Justice Department on Monday announced that Citigroup would pay $7 billion in fines, a move that will avoid a humiliating trial dealing with the seamy financial products … Continue reading

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Perpetual Ponzi Scheme

SECRETS AND LIES OF THE BAILOUT The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come By Matt Taibbi/ … Continue reading

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Crony Capitalism

If you missed this PBS episode from January 20, 2012,, it is well worth a look. Bill Moyers & Company explores “Crony Capitalism,” i.e. what’s remains of what we used to call capitalism and democracy. David Stockman, former budget director … Continue reading

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