A recent blog post by Rolling Stone’s Matt Taibbi on new troubles at Bank of America led me to this recent footage of the reporter, in New York City’s Bryant Park, explaining, in simple English, how the derivatives traders at Bank of America had essentially sold oregano to the people of America, telling them that […]
Tag Archives: subprime mortgage crisis
Matt Taibbi on Bank of America
Posted in Economics, Politics Also tagged analogies, Bank of America, derivatives, Matt Taibbi, oregano, securities, weed 3 Comments
“The Super Committee failed: We have a solution…”
Yesterday, a group of people associated with the Occupy group in Washington, D.C. took out a full page ad in the San Francisco Chronicle, declaring that, as the Deficit Reduction Super Committee had failed, they had some ideas to offer as to how we might create jobs, reduce the wealth divide and control spending. Their […]
Posted in Economics, Politics, Uncategorized Also tagged 99%, Bush tax cuts, capital gains, deficit reduction, Deficit Reduction Super Committee, drill baby drill, foreclosure, infrastructure, job creation, Medicare, Medicare for all, military spending, Occupy, Occupy D.C., social security, solutions, Speculation Tax, Stop Tax Haven Abuse Act, tax havens, tax loopholes, tax reform, tax the rich, wealth inequality, Works Progress Administration, writing down all underwater mortgages to market value 10 Comments
All the Devils are Here
I’m going to lay in bed and watch The Wire tonight. It’s not nearly as fun, but, if you’re looking for something to watch, here’s video of Jon Stewart interviewing the authors of the new book All the Devils Are Here: The Hidden History of the Financial Crisis. I’m not incredibly knowledgeable when it comes […]
Posted in Corporate Crime, Economics Also tagged All the Devils are Here, Bethany McLean, credit default swaps, derivitives, financial industry, financial reform, gambling, Goldman Sachs, Joe Nocera, Jon Stewart, Larry Leibowitz, NYSE, Omar Little, predatory businesses, Real Housewives of New Jersey, Wall Street bailouts, Wall Street deregulation 5 Comments