Thu 2009-07-30 00:00 EDT
Black Topic in The Credit Debacle Catalog
Tue 2009-06-16 00:00 EDT
Jesse's Café Américain: The Crisis of Our Democracy: Corruption in the Financial Markets and Obama's Failure to Reform
Jesse's Café Américain: The Crisis of Our Democracy: Corruption in the Financial Markets and Obama's Failure to Reform; William Black
corruption; Crisis; Democracy; financial market; Jesse's Café Américain; Obama s failure; reform.
Tue 2009-04-21 00:00 EDT
RGE - The Incredibly Shrinking Market Liquidity, Or The Upcoming Black Swan Of Black Swans
by Tyler Durden; ``quants close out a majority of their intraday positions at the end of each trading day, meaning that the vanilla money is stuck as a hot potato bagholder to what can only be classified as an unprecedented ponzi scheme''
Black Swan; Incredibly shrinking Market liquidity; RGE; Upcoming Black Swan.
Mon 2009-04-06 00:00 EDT
Bill Moyers Journal . Transcripts | PBS
ex-banking regulator William K. Black calls fraud: ``make really bad loans, because they pay better. Then you grow extremely rapidly, in other words, you're a Ponzi-like scheme. And the third thing you do is we call it leverage. That just means borrowing a lot of money, and the combination creates a situation where you have guaranteed record profits in the early years. That makes you rich, through the bonuses that modern executive compensation has produced. It also makes it inevitable that there's going to be a disaster down the road.''
Wed 2009-04-01 00:00 EDT
naked capitalism: Black Hole Alert: AIG to Get as Much as $30 Billion More
Sun 2008-11-23 00:00 EST
naked capitalism: The Black Hole Gets Bigger: AIG Back for Yet Another Bailout
Sun 2008-10-26 00:00 EDT
Joe Bageant: Moving to the Center of Elite Consensus
by "the masked political consultant"; ``what "Moving to the Center," means is: moving towards power and money''; ``What voters are expected to believe is that after a 30-year class war against the bottom 90% of income earners, the source of their troubles are black rappers and inner city fathers and not criminality on Wall Street or a corrupt political system.''; 2008-08-27
Mon 2008-08-04 00:00 EDT
John McCain can't stand sucking up to the Christian right. Is this the end of the GOP's unholy alliance?
by Matt Taibbi; "The Bible-thumpers...would seem to have had little in common with the archpriests of the neoconservative movement...But they did: They shared an almost equal disdain for democracy, free speech and learning, and paradise for both groups was an intellectually mute America of vast malls, prisons packed full of ungrateful blacks, shitty TV programming to keep the brains chilled and 200-foot-high electrified fences along the Rio Grande."
Christian Right; ending; GOP's unholy alliance; John McCain; stand sucking.
Wed 2008-03-26 00:00 EDT
Winter (Economic & Market) Watch >> Mad Max Check Out Time
Winter (Economic & Market) Watch >> Mad Max Check Out Time; "The lender of only resort to the shark in suits black box crony capitalists has caused quite a splash. It is clear to me that the Pig Men will line up around the block to get the kind of terms offered in the JPM-BSC Ponzi finance liquidation"
Tue 2008-03-18 00:00 EDT
Winter (Economic & Market) Watch >> Sharks in Suits Black Box Crony Capitalism
Winter (Economic & Market) Watch >> Sharks in Suits Black Box Crony Capitalism; Bear Stearns death watch; "These are not bail outs...These are systematic looting operations."
economic; Market; Sharks; Suits Black Box Crony Capitalism; watch; winter.
Thu 2007-05-10 00:00 EDT
The Black Commentator - Wanted: A Plan for the Cities to Save Themselves - Issue 52
"Rampaging capital lays waste to the nation and the world the principal source of war and the despoiler of American cities."