US economics: One big Ponzi scheme

While Bernie Madoff languishes in jail, bankers continue to profit as the poor lose their homes and hope.

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)
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Posted by: Posted by Dwight Rousu - Feb 20, 2011 - 2:05 AM PST
Content Type: Article
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Edited by: Dwight Rousu - Feb 21, 2011 - 1:36 AM PST

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Bob Herrschaft
4.4
by Bob Herrschaft - Mar. 2, 2011

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 »

See Full Review » (12 answers)
Dwight Rousu
4.5
by Dwight Rousu - Feb. 21, 2011

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.

See Full Review » (11 answers)
Julia Willebrand
4.3
by Julia Willebrand - Feb. 20, 2011

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.

See Full Review » (11 answers)
Randy Morrow
3.4
by Randy Morrow - Feb. 20, 2011

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 »

See Full Review » (11 answers)

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  • Why Isn't Wall Street in Jail?

    "Everything's fucked up, and nobody goes to jail. You can end the piece right there." Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw ...
    Posted by Dwight Rousu
  • Plunder - The Crime Of Our time Pending

    Posted by Dwight Rousu