At the outset of the financial crisis, most people thought that large public corporations would be best prepared to withstand the blow. They were wrong.
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The corporate tax code in the US creates a significant bias toward debt finance over equity. However we have come to realize that excessive debt is much more costly than we have always thought.
This Week's Basel Accord and New Poll Show How to Prevent Wall Street Meltdowns and Reduce the Debt with One Tool
This week's news made the path for ...
Why is a bank such as JP Morgan, supported by myriad government programs, permitted to gamble with money in the commodities arena?
What we could all really do with is an honest and open discussion about how we organize ourselves in society without sloppily repeating terms such as socialism.
This is the same John McCain who's been kicking the crap out of American workers for the last 26 years. He voted to cut overtime. He voted against extending unemployment benefits.
A bear market is only possible if there is a consensus that a financial crisis is significantly worse than ever before. And that is why we are currently in a bear market.
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