economy

Inside Goldman Sachs with the Federal Reserve

Since the beginning of the 2008 Great Recession we have hoped that the government would return to applying some real rational restraints on the financial system. To be honest, with both political parties deep in the pocket of the industry, this is probably merely wishful thinking. —>> read more –>>

Flash Boys cover by Michael Lewis
books

Flash Boys Doesn’t Ask the Important Question

We should demand that our financial markets serve their findamental purposes – connect investors with those who can deploy those resources to create new products and services and enable the flow of these goods and services. To call holding financial insturments whether stocks, bonds, or other assets for mere seconds investments is to beggar the mind. —>> read more –>>

No Picture
economy

The Mortgage Debacle – Redux

The current tsunami of revelations of misbehavior, if not outright criminality, by the banking industry in their pursuit of mortgages gone bad, is further evidence of how fundamentally corrupt and cynical this industry continues to be. On —>> read more –>>