It is clear that when banks become too big, it harms the economy. Economist Steve Keen says that “a sustainable level of bank profits appears to be about 1% of GDP”, and higher bank profits lead to a Ponzi economy and a depression.But most mainstre…
Posts Tagged ‘Bill Black’
Extreme Inequality Helped Cause Both the Great Depression and the Current Economic Crisis
December 17th, 2010 |
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Economist James Galbraith: Economists Should Move into the Background, and “Criminologists to the Forefront”
April 22nd, 2010 |
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University of Texas economics professor James K. Galbraith previously said that fraud caused the financial crisis:
You had fraud in the origination of the mortgages, fraud in the underwriting, fraud in the ratings agencies. Senator Kaufman said la…
Congressman Grayson Demands Release of AIG Emails
March 19th, 2010 |
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Congressman Grayson sent the following letter to AIG’s trustee:
March 18, 2010 AIG Credit Facility Trust Trustee Peter A. Langerman Trustee Chester B. Feldberg Trustee Jill M. Considine Arnold & Porter LLP 399 Park Avenue
New York, N…
13 Congress Members Write to FDIC Chair Regarding Executive Compensation
February 9th, 2010 |
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This was sent to me by a contact in Congress.The FDIC has an open comment period for a rule they are considering to tie insurance deposit premiums to executive compensation structures. 13 members of Congress are sending the following letter to the FDI…