A Better Bailout was Possible

The Obama administration’s refusal to write down mortgage debts led to the rise of Trump   https://youtu.be/rFgTvfDTdfw George Soros and Rob Johnson reflect on the economic, political, and social ripple effects of the collapse of Lehman Brothers. The recent exchange between Joe Stiglitz and Larry Summers about “secular stagnation” and its relation to the tepid … Continue reading A Better Bailout was Possible

Ten Years After the Crash, We’ve Learned Nothing

The great financial catastrophe of our times is still badly misunderstood, and led to grotesque consequences, including the election of Donald Trump. By MATT TAIBBI  Rolling Stone SEPTEMBER 13, 2018 Ten years ago, on Saturday, September 13th, 2008, the world was about to end. The New York Federal Reserve was a zoo. Imagine NASA headquarters on the … Continue reading Ten Years After the Crash, We’ve Learned Nothing