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Entries by James Kwak from 04/2010

'13 Bankers' In 4 Pictures: Why Wall Street Profits Are Out Of Whack

| Posted 04.15.2010 | Books

We're not saying that everyone has to agree with everything we say about these pictures. But they make clear what kind of financial system we have today. And they need some kind of explanation.

SEC Charges Goldman With Fraud

| Posted 04.16.2010 | Business

The allegation is that Goldman failed to disclose the role that John Paulson's hedge fund played in selecting residential mortgage-backed securities that went into a CDO created by Goldman.

'13 Bankers': How Big Are The Biggest Banks? If Derivatives Aren't Counted We Won't Know

| Posted 04.23.2010 | Books

We need to have a more accurate grip on just how big our largest financial institutions already are, in order to show how much damage could be caused to the financial system in a crisis.

'13 Bankers': Who's In Charge, The Banks Or The Government?

| Posted 04.30.2010 | Books

When push came to shove in late 2008, the banks' ultimate power was not that they were secretly controlling the levers of power, but that their place at the center of the financial system enabled them to hold the real economy hostage.