Nomi Prins, Newsday. February 2, 2008. We can't solve our economic pain with another handout -- we need to regulate excessive exorbitant rates and nontransparent lending practices.
Too Much: A Commentary on Excess and InequalityJanuary 21, 2008. Dig deep into the subprime mortgage crisis and you'll find the basic story behind our new Gilded Age.
Mark Weisbrot, AlterNet. January 3, 2008. This will be the second recession since 2001 that was caused by the bursting of an obviously speculative asset bubble.
Vivian Norris de Montaigu, December 25, 2007. George Bailey's Savings and Mortgage Company was never bought out by by bloated oil producers for 50 cents on the dollar.
Seumas Milne, Comment Is Free. December 16, 2007. The credit squeeze is set to trigger the end of the boom that has shaped our times. Politics is going to change with it.
Nomi Prins, The Nation. December 9, 2007. The debate over whether the blame for the crisis should rest with lenders or borrowers misses a crucial point: if lenders couldn't offset their loans to Wall Street, their practices couldn't have spiraled out of control.
Sam Pizzigati, Too Much: A Commentary on Excess and Inequality. November 26, 2007. Shareholders are losing their shirts, families are losing their homes, financial industry workers are losing their jobs, but investment bank bonuses have never been higher. Can anyone explain why?
Joseph Stiglitz, Comment Is Free. October 9, 2007. Booming home prices gave Americans the confidence to spend more than their income but now the game is over.
Paul Krugman, The New York Times. October 1, 2007. The housing mess shows that the crisis of corporate governance, which made headlines in the early years of this decade, never went away.
Robert Kuttner, Boston Globe. September 24, 2007. For more than two decades, the Federal Reserve has been prime enabler of a dangerously speculative economy.
Dean Baker, TruthOut.org. September 12, 2007. The growth of the housing bubble made this sort of collapse inevitable, just as the crash of the stock bubble was inevitable.
Barbara Ehrenreich, Huffington Post. August 22, 2007. We may be witnessing the first time in history that the downtrodden manage to bring down an unfair economic system without going to the trouble of a revolution.
Marney White, Commondreams. August 20, 2007. The presidential candidates could get the attention of even the most apathetic voters by talking seriously about the crushing interest rates that are burying more and more Americans.
Paul Krugman, The New York Times. August 19, 2007. The real-estate bubble of recent years, like the stock bubble of the late 1990s, was both caused and fed by widespread malfeasance. Now, those same bad actors want to be rescued by the "nanny state."
