Image via Wikipedia I can’t wait to see this. My outrage is already building. Related articles Movie Trailer: Inside Job (slashfilm.com) Financial Meltdown Doc Inside Job Movie Trailer (screenhead.com)
Posts Tagged ‘economy’
Inside Job: the movie
Posted: 31st August 2010 by Brant in biz, politicsTags: banks, economy, Wall Street
0
Elizabeth Warren for sheriff
Posted: 21st August 2010 by Brant in politicsTags: banks, economy, Elizabeth Warren, Obama administration, Wall Street
More on Elizabeth Warrn from Joe Nocera in the New York Times. What struck me . . .was the bluntness of her language. She used words like “tricks,” “fleece,” and “bribe” to describe the actions of mortgage and credit card lenders. And I think a lot of her appeal stems from that simple fact: she [...]
I want gold
Posted: 16th August 2010 by Brant in biz, culture, funTags: banks, economy, fun, Gold, Wall Street
Two Detroit stories: good and bad
Posted: 14th August 2010 by Brant in biz, culture, politicsTags: auto industry, crime, Detroit, economy
Here is a study in contrasting views of Detroit. Take your pick or read them both. The first story, from the New York Times, covers the resurgence of the US auto industry. More accurately, it could be described as the survival or stabilization of the industry, but whatever. The point is that in this story [...]
Who was right on auto bailouts?
Posted: 2nd August 2010 by Brant in biz, politicsTags: auto industry, bailout, economy, Obama, republicans
The GOP was furious about the auto industry bailouts when they happened. But now that it appears that the effort was a success, the Republicans now are singing a different tune. More here. Visit msnbc.com for breaking news, world news, and news about the economy
Political quote of the day (updated)
Posted: 1st August 2010 by Brant in biz, politicsTags: deficit, economy, republicans, taxes, Wall Street
If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation’s public debt — if honestly reckoned to include municipal bonds and the $7 trillion of new deficits baked into the cake through 2015 — will soon [...]
The intervention worked
Posted: 28th July 2010 by Brant in biz, politicsTags: Bush administration, economy, Obama administration, stimulus
The New York Times highlights a report from two prominent economists that indicates that the various Federal actions in the wake of the economic collapse substantially improved the situation. In a new paper, the economists argue that without the Wall Street bailout, the bank stress tests, the emergency lending and asset purchases by the Federal [...]
True financial genius
Posted: 27th July 2010 by Brant in biz, politicsTags: banks, economy, fun, Wall Street
Excess bonuses found by pay czar
Posted: 23rd July 2010 by Brant in biz, politicsTags: banks, economy, Wall Street
This is hardly a surprise, but Federal government has determined that huge and excessive bonuses were paid on Wall Street leading up to the economic collapse that continues the hurt the average American today. The bailout of these banks was a gigantic transfer of wealth from main street to Wall Street, and virtually a form [...]
Warning of deflation from the right
Posted: 10th July 2010 by Brant in biz, politicsTags: deflation, economy
Here is something you don’t see everyday. John Makin, a conservative economist for the conservative American Enterprise Institute raises an alarm over possible catastrophic deflation. He argues that expansion policies should be order of the day, not deficit reduction, at least for the near term. Perhaps it is time for central banks, the ECB especially, [...]
Economics quote of the day
Posted: 9th July 2010 by Brant in biz, culture, politicsTags: economy, housing
Whether it is their residence, a second home or a house bought as an investment, the rich have stopped paying the mortgage at a rate that greatly exceeds the rest of the population. – From an article in today’s New York Times noting the much higher mortgage default rates among the very affluent as compared [...]
Economic quote of the day
Posted: 3rd July 2010 by Brant in biz, politicsTags: banks, economy, Wall Street
The only single American event in history that even comes close to matching the cost of the credit crisis is World War II: Original Cost: $288 billion, Inflation Adjusted Cost: $3.6 trillion The $4.6165 trillion dollars committed so far is about a trillion dollars ($979 billion dollars) greater than the entire cost of World War [...]
Bring back debtor prisons
Posted: 27th June 2010 by Brant in biz, politicsTags: banks, economy, republicans, wackos, Wall Street
Oh yeah, that’s the ticket. But only if we start with the bankers on Wall Street who required a government bailout to pay their debts. (via Balloon Juice)
Political quote of the day
Posted: 25th June 2010 by Brant in politicsTags: economy, republicans, wackos
That’s just my money coming back to me. I pay a lot in taxes. I’m not a parasite. –Missouri Farmer David Jungerman, pictured below, responding to claims that he is a hypocrite for calling Democrats “parasites” while simultaneously receiving over a million dollars in Federal crop subsidies.
Political quote of the day
Posted: 18th June 2010 by Brant in biz, politicsTags: deficit, economy, Krugman, republicans, taxes
In America, many self-described deficit hawks are hypocrites, pure and simple: They’re eager to slash benefits for those in need, but their concerns about red ink vanish when it comes to tax breaks for the wealthy. Thus, Senator Ben Nelson, who sanctimoniously declared that we can’t afford $77 billion in aid to the unemployed, was [...]