Moral Outrage
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Posts Tagged ‘derivatives

Wall Street and its 10 most ridiculous lies of 2010

December 31, 2010

1.”Honest, we didn’t do it!” Sadly, their blame-shifting strategy worked, bamboozling the media and people across the political spectrum. Crooks? Morons? Take your pick. 2.”The overall costs will be incredibly small in comparison to almost any experience we can look at in the United States or around the world.” Ever since Treasury Secretary Timothy Geithner […]

The Economic Recovery is not recovering

August 13, 2010

Does anyone ever learn from history, or care about how communities are being destroyed as a financial crisis becomes a social crisis at the grass roots level? Congress slashes funding for food stamps so the unemployed and poor –some 41 million people who rely on them– will have to cut back further. All the talk […]

Atlas Shrugs at Goldman Sachs Greed

April 27, 2010

Goldman Sachs, the world’s greatest and smuggest investment bank, has been sued for fraud by the American Securities and Exchange Commission. Few people understood that the crash had its roots in the lunatic greed-centered objectivist religion, fostered back in the 50s and 60s by novelist Ayn Rand of “Atlas Shrugged” fame. Some people argue Goldman […]

U.S. government stands for the enrichment of private interests

October 26, 2009

The 2008 OECD report, “Income Distribution and Poverty in OECD Countries,” concludes that the US is the country with the highest inequality and poverty rate across the OECD. On October 21, 2009, Business Week reported that a report from the United Nations Development Program concluded that the US ranked third among states with the worst […]