Greece's crushing debt has exploded into a full-blown crisis, with the country on the precipice of the unthinkable: the default of a sovereign nation. Thanks Goldman Sachs.
The Nobel Prize-winning economist argues the banking industry "failed in their core societal function," helping lead to the great economic crash of '08.
Dean Baker, Comment Is Free AlterNet: Corporate Accountability and WorkPlace. December 28, 2009.
After throwing the economy into the worst downturn since the Great Depression, the financial industry has used its political power to become stronger than ever.
Joe Costello, Archein AlterNet: Corporate Accountability and WorkPlace. November 17, 2009.
If only all the boys sitting behind bars for sticking up a 7-11 knew all they had to do was apologize and give back a pittance of that they stole. All would be forgiven.
"We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all," says one Goldman Sachs adviser. But tell that to the people of Samson, Ala.
Sam Pizzigati, Too Much: A Commentary on Excess and Inequality. October 20, 2009.
Welcome to post-meltdown America. One year and counting after last fall’s high-finance collapse, average Americans are reeling and Wall Street is rejoicing.
Digby, Hullabaloo AlterNet: Corporate Accountability and WorkPlace. October 6, 2009.
Goldman stands to receive a payment of $1 billion -- while U.S. taxpayers would lose $2.3 billion -- if embattled commercial lender CIT files bankruptcy.
Matt Taibbi, True/Slant AlterNet: PEEK. September 29, 2009.
Tomorrow, the SEC will hold a "round table" to address the destructive practice of "naked short selling." Too bad it's not inviting anyone who's susceptible.
