Archive for the ‘Financial Crisis’ Category

Amazing Coincidence?

Or simply a reflection of endemic institutional fraud throughout America? The three articles referenced below appeared in My Google Reader inbox today, prompting these thoughts. First, we have the AJC reporting that Fulton County has inflated housing values for tax collection. “Morris filed suit against the Fulton County Board of Tax Assessors, alleging the county […]

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One of those pictures worth several thousand words?

Each additional dollar borrowed is now generating a REDUCTION in GDP of almost $.50.   For more background and details, visit Nathan’s Economic Edge (h/t to Business Insider).

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Source of Healthcare Price Increases

This chart illustrates the decline in personal responsibility for healthcare costs over the last 50 years.  Now I have to find the best source for healthcare cost increases over the same time period, but I would guess the correlation between these two factors will be quite high.  It’s what always happens when people can use […]

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Goldman “Profits” ? Even the NY Times scorns them.

Goldman, with it’s agent Henry Paulson, operating as Secretary of the Treasury and using the full power of the US government, eliminates competitors (Lehman and Merrill) and gets bailed out indirectly via AIG.  And now they are making “profits”?  This is crony capitalism in extremis. Even the New York Times scorns these scoundrels, and amazingly, […]

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Robert Reich says it will be a very slow recovery

I rarely agree with Robert Reich on anything, so i found myself shocked to be in complete agreement with this post regarding the long, slow climb we face in resurrecting the US economy,  Reich says In a recession this deep, recovery doesn’t depend on investors. It depends on consumers who, after all, are 70 percent […]

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Trial Lawyer Bonanza

Looks like this will be Obama’s first play during his opening possession.  Damn this is gonna be a long painful four years, watching OPR (Obama, Pelosi and Reid) wreck our economy for the next 20 – 30 years.  It just sucks.

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Science of Evil and the Financial Crisis

The Belmont Club describes how the WSJ  and the Washington Post, while searching for the culprit in the financial crisis, pass one another like ships in the night, yet both arrive at the conclusion that more regulation could have prevented this mess.  The author, Richard Fernandez, then goes on to wonder whether any regulator could […]

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