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…
Posts Tagged ‘Marcy Kaptur’
Economist James Galbraith: Economists Should Move into the Background, and “Criminologists to the Forefront”
April 22nd, 2010 |
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“There is No Future in Actually Fixing a Problem … The Way to Permanent Electoral Success is to PRETEND to Fix the Problem”
April 20th, 2010 |
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Not only is Congress bought and paid for by the powers that be, but politicians have a built-in conflict of interest against actually solving problems. As a reader notes in the most cynical – but perhaps insightful – summary of U.S. politics I have see…
Former Managing Director of Goldman Sachs: Accounting Fraud of the Too Big to Fails May Be Worse Than Enron
December 2nd, 2009 |
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Nomi Prins – former managing director of Goldman Sachs and head of the international analytics group at Bear Stearns in London – is saying the same thing that financial bloggers have been saying: The giant banks are manipulating their books to make the…
The Ongoing Cover Up of the Truth Behind the Financial Crisis May Lead to Another Crash
October 15th, 2009 |
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William K. Black – professor of economics and law, and the senior regulator during the S & L crisis – says that that the government’s entire strategy now – as during the S&L crisis – is to cover up how bad things are (“the entire strategy is t…