Moral Outrage
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Posts Tagged ‘Morgan Stanley

JPMorgan, Goldman Sachs and other banks non-transparency on credit derivatives

November 22, 2011

JPMorgan Chase & Co. and Goldman Sachs Group Inc., among the world’s biggest traders of credit derivatives, disclosed to shareholders that they have sold protection on more than $5 trillion of debt globally. Just don’t ask them how much of that was issued by Greece, Italy, Ireland, Portugal and Spain, known as the GIIPS. As […]

Corporate sponsorship the reason Obama has let us all down

November 1, 2010

Rober D. Hodge writes in his excellent new book ‘The Mendacity of Hope’, “Obama is judged not as a man but as a fable, a tale of moral uplift that redeems the sins of America’s shameful past,” our longing for him to be Martin Luther King reborn. It is not primary a question of individual […]