If the chain breaks it seems to me that we will have nothing but National Banks in every western civilized country. The dominoes will just keep falling making this unavoidable. Free market capitalism will have exploded on itself because of irresponsibility and greed.
Not sure who to blame. There are many guilty parties. Financial institutions are leading the "moral hazard". We can hope it stays small and financial institutions stay flexible so it doesn't get out of hand.
$10 Trillion in Wall Street Aid and No Investigations? [View article]
Keep it up Jeff, I watched Geitner on CNN yesterday and I was furious. When the topic of AIG and the direct Godman Sach's bailout came up he basically said that the regulators (we the sheeple) were powerless. I guess we know who is in charge.
A Derivatives Myth Exposed [View article]
The dominoes will just keep falling making this unavoidable.
Free market capitalism will have exploded on itself because of irresponsibility and greed.
Is the U.S. Credit System Broken? [View article]
A Pretense of Knowledge, Financial Regulation Edition [View article]
$10 Trillion in Wall Street Aid and No Investigations? [View article]