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Financial Collapse

It's the Derivatives, Stupid

Cenk Uygur | Posted 05.25.2011 | Business
Cenk Uygur

The entire world GDP is a little over $60 trillion. The secret, unregulated casino market of derivatives is worth $605 trillion. Now, who thinks that makes sense?

Sam Stein

Holder: More Trials Coming For Those Responsible For Economic Collapse

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Business

Attorney General Eric Holder said on Wednesday that he expects to see an increase in the number of trials for those who may have engaged in illegal ac...

How Simple (and Human) Is Your Customer Service?

Ron Ashkenas | Posted 05.25.2011 | Business
Ron Ashkenas

Simple and human customer service doesn't have to be difficult or expensive. But without it, customers won't have the loyalty to stay with you through tough times, which carries an even greater cost.

Senate Vote Signals Historic Change in Wall Street Political Clout

Robert Creamer | Posted 05.25.2011 | Business
Robert Creamer

For four decades Wall Street had its way with American government. The big Wall Street banks and their economic apologists dominated the main stream of economic thought. Last night their domination came to a screeching halt.

A Virtuous Tax

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

A little bit of populist retribution is overdue against the people who brought down the system -- and will bring it down again if the hegemony of the traders is not constrained.

Obama Should Stop by Taleb's Historic Congress Testimony

Pablo Triana | Posted 05.25.2011 | Business
Pablo Triana

To my knowledge this is the first time that a financial theory is put on the spot like that, the inevitable consequence of having endured a theory-caused meltdown of biblical proportions.

From Death Panel to Death Spiral

Jeff Schweitzer | Posted 05.25.2011 | Politics
Jeff Schweitzer

The GOP is not the party of small government and lower taxes. They are the Party of borrow and spend, big government and sex scandals.

NYT Op-Ed: Could High-Speed Trading Lead To Another Panic?

New York Times | Posted 05.25.2011 | Business

The idea is straightforward: Computers take information -- primarily "real-time" share prices -- and try to predict the next twitch in the stock marke...

The Real Crime in the Bailout -- Naked CDS Deals

Cenk Uygur | Posted 05.25.2011 | Business
Cenk Uygur

I would love for Tim Geithner or anyone else in the administration or Congress to explain why they think these naked Credit Default Swaps must be paid off.

It Takes a Nation of Morons to Hold Us Back: The Philadelphia Perspective

Larry Abrams | Posted 05.25.2011 | Entertainment
Larry Abrams

You're supposed to boo losing players and losing teams, not winning ones. That means you don't slam winning teams when they're not winning, or winning players when they're not playing well.

One Third Down

Dr. Brent Ridge | Posted 11.17.2011 | Healthy Living
Dr. Brent Ridge

While people the world over seem to be mired in the mess we've collectively created, I've already started laying the plan for what will inevitably come -- the next 2/3 of my life.

How Globalization Set the Stage for the 2008 Economic Collapse

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

A good case can be made that the massive globalization of labor and financial markets, coupled with "free markets uber alles" policies, formed a toxic mixture that made the collapse inevitable. Here's why.

Blaming the Poor

Sasha Abramsky | Posted 05.25.2011 | Business
Sasha Abramsky

Let's get real here: People borrowed because they were presented with offers they couldn't refuse. They were told that home ownership was the path to prosperity and a chance to realize their dreams.

Behind Wall Street's Collapse

Walden Bello | Posted 05.25.2011 | Business
Walden Bello

In a nutshell, the Wall Street meltdown is not only due to greed and to the lack of government regulation of a hyperactive sector.