Posts Tagged ‘ financial engineering ’

Pay Double Standards and American Mythology

December 21, 2008
By
Pay Double Standards and American Mythology

Why does American business logic says that to be competitive you have to pay your workers less and pay your executives more...much, much, much more? It seems to me that we moved away from a meritocracy and into a plutocracy decades ago - around the time that median income stopped increasing apace with productivity, and…

Read more »

The Financial Crisis Explained In One Easy Chart

December 17, 2008
By
The Financial Crisis Explained In One Easy Chart

Jeff Frankels explains the the origins of the economic crisis in one chart!

Read more »

Friedman: We need an ethical bailout

December 17, 2008
By

Thomas Friedman in NYT discusses Bernard Madoff, former chairman of NASDAQ, who admitted last week that his $50 billion hedge fund really just a Ponzi scheme. Friedman doesn't have to stretch far to label our entire financial morass, from sub-prime mortgages, to collateralized debt obligations and credit default swaps, to mind-blowing executive bonuses for faked…

Read more »

America Witched By Voodoo Economics

October 4, 2008
By

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…

Read more »

Help PolicyGrinder