banking Archives — American Delusions

Inside Goldman Sachs with the Federal Reserve

September 27, 2014 Comments Off

The relationship between our financial services industry, our government, and us, ordinary citizens who have repeatedly suffered the consequences of the avarice and incompetence of this industry, has always been troubled. Booms, busts, crashes, bubbles, --->> read more -->>

The Mortgage Debacle – Redux

October 10, 2010 Comments Off

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 -->>

Free Markets – free? markets? – lessons not learned

June 6, 2010 Comments Off

“Free market” has always struck me as a rather strange phrase. Never more so than in this period of financial market disasters. The phrase ‘free market’ continues to be used reflexively. Just as commentators go right on --->> read more -->>