The Rich Have an Escape Plan

https://youtu.be/dIbdJCfi6E4 Reality Asserts Itself - Rana Foroohar On Reality Asserts Itself, Ms. Foroohar says many wealthy people understand that the climate crisis, deep recession and war are real threats, but they believe “apres moi le deluge [after me comes the floods];” the Financial Times columnist and author of “Makers and Takers” says many of the … Continue reading The Rich Have an Escape Plan

There’s No Plan B

America: The Farewell Tour by Chris Hedges and Charles Foran Literary Review Canada https://youtu.be/GeE5WnTUsF8   Long before Donald Trump was dreaming of a White House with gold walls, back when the world’s hugest Twitter account was in its infancy, promoting a blustery businessman’s appearances on late-night television, the American journalist and author Chris Hedges was already … Continue reading There’s No Plan B

Chatting with Bernie Sanders on the Next Too Big To Fail Bank Crash

by Matt Taibbi Rolling Stone Oct 3, 2018 Ten years ago, George W. Bush signed into law the Troubled Asset Relief Program, better known as the TARP bailout. The rescue forked over $700 billion of taxpayer money to bail out giant Wall Street banks that were already too big, and were about to get bigger. On Wednesday, Sen. … Continue reading Chatting with Bernie Sanders on the Next Too Big To Fail Bank Crash

A Better Bailout was Possible

The Obama administration’s refusal to write down mortgage debts led to the rise of Trump   https://youtu.be/rFgTvfDTdfw George Soros and Rob Johnson reflect on the economic, political, and social ripple effects of the collapse of Lehman Brothers. The recent exchange between Joe Stiglitz and Larry Summers about “secular stagnation” and its relation to the tepid … Continue reading A Better Bailout was Possible

The Liberal Rehabilitation of George W Bush Is Complete

George W. Bush is not the worst living American, but only because former Secretary of State Henry Kissinger still lives. Bush was the worst president since James Buchanan. He presided over eight years of ceaseless disaster. We are still fighting his wars, which have, by conservative estimates, killed hundreds of thousands, and by others, a … Continue reading The Liberal Rehabilitation of George W Bush Is Complete

Ten Years After the Crash, We’ve Learned Nothing

The great financial catastrophe of our times is still badly misunderstood, and led to grotesque consequences, including the election of Donald Trump. By MATT TAIBBI  Rolling Stone SEPTEMBER 13, 2018 Ten years ago, on Saturday, September 13th, 2008, the world was about to end. The New York Federal Reserve was a zoo. Imagine NASA headquarters on the … Continue reading Ten Years After the Crash, We’ve Learned Nothing

The Bailouts for the Rich Are Why America Is So Screwed Right Now

Did they prevent a full-scale collapse? Yes. Was it necessary to do it the way we did? Not at all. By Matt Stoller    Vice  Sep 13 2018   In 1948, the architect of the post-war American suburb, William Levitt,explained the point of the housing finance system. "No man who owns his own house and … Continue reading The Bailouts for the Rich Are Why America Is So Screwed Right Now