Posts Tagged ‘ deregulation ’

SEC Wistleblower: More Madoffs to come.

December 27, 2008
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SEC Wistleblower: More Madoffs to come.

An SEC whistleblower says there are more Madoff-sized frauds to come. In retrospect, the fraud that pervades Wall Street is exactly what we should expect under the blind eye of an administration run by people - that is to say, Republicans - who believe that markets self-regulate and the main job of government is to…

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Bailout 2008: The Pie Chart

November 30, 2008
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Bailout 2008: The Pie Chart

Graphic provides a little (somewhat misleading) perspective on Bailout 2008.

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Announcing AnyIdiot’s National Bank

November 20, 2008
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Can Any Idiot become a bank for a couple of years just to get a bailout?

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Surprisingly Good Article On Financial Crisis Blame in Greenville News

October 18, 2008
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Jeremy Strickler explains that private, unregulated firms generated over 80% of the toxic sub-prime loans that are shaking the foundation of the market. Add to that the deregulation of capital reserves requirements, allowing financial institutions to double or triple their leveraged debt (based on sub-prime garbage) and you've got a recipe for financial disaster.

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The Poor Ate My Homework (and then toppled Wall Street)

October 14, 2008
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In true Rovian style, it only took the Conservative Spin Machine a couple of days to cook up a story pinning the collapse of unregulated free markets on the wild excesses of ... wait for it... wait for it... THE POOR! That's right, according to the right-wing echo chamber from Rank Limberger to the Palin/McCain…

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Keating 5: The Movie – McCain Hasn’t Learned a Thing

October 6, 2008
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John McCain hasn’t learned much in his 472 years. He’s still standing up for the Keatings of the world, and he’s still fighting the Vietnam War. If Americans can’t get it after this, we ought to be drown in that proverbial tub in which Grover Norquist had dreamed of drowning government (until he needed government…

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America Witched By Voodoo Economics

October 4, 2008
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The collapse of U.S. financial markets is as complete a repudiation of so-called "free market" capitalism as the collapse of the Berlin Wall was a repudiation of Soviet-style socialism. It is plain for the world to see that financial markets self-regulate about as effectively as a room full of unsupervised 2 year olds. And when…

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