Category Archives: Bailouts and Tax Cuts

The Chicken or the Egg; or is it just chickens coming home to roost?

According to the Wall Street Journal, Some of the world’s top hedge-fund managers are worried. They say central bank bond buying programmes that are pumping trillions of dollars into global markets will end badly. The European Central Bank said on Thursday it would extend … Continue reading

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People’s History of Stock Market Crashes: Timeline of Economically Significant Events

A People’s History of Stock Market Crashes 1946-2016: The View from Below Appendix A 1929-2016: 98 market interruptions due to negligence, misfeasance, malfeasance, malingering, fraud, theft, tax evasion, and other such avoidable tragedies. But as anyone can see, the rich … Continue reading

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A People’s History of Stock Market Crashes &c 1946-2016: The View from Below

First four sections: Abstract. Introductions. Inspiration. Operationalization, and first two chapters. Timeline of market incidents from 1928 to 2016 It is difficult to “get ahead,” as in “accumulate assets,” in today’s radically uncertain investment markets. Nevertheless, it is received opinion in the … Continue reading

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Interesting day on the net

Paul Krugman, Bernie Sanders, and the Experts I have tremendous respect for Paul Krugman. I also consider him a friend. For these reasons I am not eager to pick a fight with him, but there is something about his criticisms … Continue reading

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Federal Reserve Directors’ Banks and Businesses Took $4 Trillion in Bailouts: Report

http://www.commondreams.org/headline/2012/06/12-9 Federal Reserve Directors’ Banks and Businesses Took $4 Trillion in Bailouts: Report By Olivia LaRosa Me, a most dedicated human rights scholar, even, was taken aback by this report. After forty-five years of research, I thought I was shock-proof. … Continue reading

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Bailouts will always be needed to fix capitalism’s flaws

Romney is wrong to oppose auto bailout Really? Steven Rattner, Obama’s “car czar” administered the auto firm bailouts. Rattner is telling the truth. See the comments! Holy cow! This is one of the most appaling (sic) pieces I’ve ever read. … Continue reading

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Friends With Benefits: Goldman Sachs private deal with Facebook

http://opinionator.blogs.nytimes.com/2011/01/04/friends-with-benefits/ Deborah Lagutaris Some say that this deal will allow Facebook to avoid government regulation. In fact, there is little government regulation to worry about nowadays. Thirty years of constant and deliberate weakening of regulatory agencies, including the all-important Securities … Continue reading

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More Claptrap about the Mortgage Crisis

http://www.washingtonpost.com/wp-dyn/content/article/2010/12/22/AR2010122205557_Comments.html The article says: “But this argument seems especially inopportune now, since whatever happened in the past, there is broad agreement about what should happen in the future: The old “government-sponsored enterprise” model is a proven failure. Fannie and Freddie … Continue reading

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