In an essay last month, Nouriel Roubini wrote:This is a crisis of solvency, not just liquidity, but true deleveraging has not begun yet because the losses of financial institutions have been socialised and put on government balance sheets. This limits …
Posts Tagged ‘Robert Scheer’
“The Federal Government Works for Goldman and Not for Us”
July 16th, 2009 |
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Veteran reporter Robert Scheer writes today:The federal government works for Goldman and not for us.Is Scheer’s claim over the top?Well, the assistant secretary of the Treasury under Reagan (and former senior Wall Street Journal editor) Paul Craig Robe…