Tue 2009-02-24 00:00 EST
Jesse's Café Américain: Are We Ready to Try Market Capitalism? ``The pay structure on Wall Street looks less like a profit based enterprise and more like organized crime''
Fri 2009-01-16 00:00 EST
China's inflation-free route from crisis, by Henry C. K. Liu; ``China produces from plants financed by foreign investment that operate with low domestic wages for foreign markets that pay with dollars that cannot be used in the domestic economy...China must finance plants with sovereign credit to produce for the domestic market where consumer purchasing power will come from high wages, with sovereign credit repaid from increased tax revenue from a vibrant domestic economy.''
Asia Times Online; China Business News; China News; Hong Kong; TAIWAN.
Thu 2009-01-15 00:00 EST
``It was looting, and it is high time the media starts describing it in those terms.''
naked capitalism; New York Times Pulls Punches; Wall Street Bubble Era Pay.
Thu 2009-01-15 00:00 EST
Jesse's Café Américain: Too Big to Fail, Too Well-Connected to Jail: The Economic Underworld of Bankruptcy for Profit; ``Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations.'' Akerlof and Romer; Yves Smith
bankruptcy; big; Economic Underworld; fail; jailed; Jesse's Café Américain; profits; well connections.
Fri 2008-11-07 00:00 EST
(1994); ``Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations.''
bankruptcy; Economic Underworld; George Akerlof; Paul Romer; profits; SSRN-Looting.
Mon 2008-10-27 00:00 EDT
from comments, Goldman ``mostly running an enormous, albeit very successful, Ponzi scheme where they relied on new customers to pay off the old''
Sun 2008-10-26 00:00 EDT
``We will pay because the only language we have to describe our world is that of our oppressors because we have been taught to think in Wall Speak.''
Wed 2008-08-06 00:00 EDT
Winter (Economic & Market) Watch >> FDIC Closes More Banks; pays almost a billion to cover 3 billion in deposits; FDIC credibility questioned
Tue 2008-07-22 00:00 EDT
"we don't intend to guarantee the public debt but we understand the ramification of not paying"
Fri 2008-05-02 00:00 EDT
"Boomers will be competing with their children and grandchildren for jobs that in many cases do not pay living wages"
demographics; Jobless Claims; Mish's Global Economic Trend Analysis.
Tue 2007-12-11 00:00 EST
by Sean Olender
avert suits; Bankers pay lip service; family; fraud; freeze; interest-rate; mortgage meltdown; prisoners; real story; scurrying.
Thu 2007-09-27 00:00 EDT
comparison to FICO, consumer credit scores; lenders seen "going out of their way to make sure those reports didn't tell the whole picture"
