US economics: One big Ponzi scheme
While Bernie Madoff languishes in jail, bankers continue to profit as the poor lose their homes and hope. Full Story »
Posted by Dwight Rousu - via Google News (U.S. Economy)While Bernie Madoff languishes in jail, bankers continue to profit as the poor lose their homes and hope. Full Story »
Posted by Dwight Rousu - via Google News (U.S. Economy)This is a story that needs to be retold over and over again. Most of the details are already known, but the author makes an excellent point, emphasizing the speed of Bernie Madoff's trial and the failure to implicate others with obvious complicity in a financial disaster of gargantuan dimensions under which the nation's economy is still reeling.
The political right prefers to change the subject, while the left does not seem to have the time or energy to make economic justice its principal concern – even as ... More »
Schlecter addresses a good spectrum of culprits in our financial system plunder, not least of which is the press which does not aggressively investigate bankster fraud.
Yes, it's relevant, newsworthy and includes good info. But the piece is missing an editor to say e.g., "Who is the "we" in this quote": The truth is that many of us still do not really want to know - because, if we did, we would have to do something about it" Or, clarify the Madoff, Picard, NY Times section.
The comments of readers to The Times appear to be more insightful than the paper’s own reports. Here is one from Texas: “I actually, sort of, feel sorry for this ... More »