If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
The Blog
Thousands of people across the world are actively maintaining the front line of the Occupy movement; this article is not for those people.
The film Margin Call takes us inside a lightly fictionalized stand-in for Lehman Brothers called HMS, where a young risk analyst discovers the math that proves HMS' imminent demise.
Regardless of what tax bracket we are in, I think we can all agree that it is morally reprehensible that the current financial system is structured to allow easy purchase of, and control over, our elected officials.
Nature is sending us extravagant distress signals these days. We'd better get really good really fast at reading her mind. The stakes are too high to keep drinking the collective Kool-Aid.
Wall Street's foul mood is all about money: Three years after the collapse of Bear Stearns and Lehman, and the taxpayer-financed bailouts of Citigroup, Bank of America, Morgan Stanley, Goldman Sachs and JP Morgan, it isn't allowed to return to old ways of making money.
Americans need loans to start businesses, go to college, buy homes, protect themselves in times of crisis and countless other things. The nation needs to relearn how to use debt as a tool to build and protect wealth, not destroy it.
At a conference in New York at the end of 2008, Obama's economic advisor, Larry Summers made a prophetic remark at an event organized by the Economist.
Today's headlines about the arrest of Lehman Brothers' former Chief Operating Officer have a crucial message for all Wall Street firms. The news is a brutal reminder of what a truly horrible place Lehman became.
The Lehman legacy is one of a colossal failure of common sense. I hope members of Congress are listening for the sake of our country, all the warning signs are there. We can ill afford another "Lehman moment."
The wars drag on, the economy teeters, climate change unfolds just as the scientists predicted, and the yawning gap between the rich and the rest of us continues to grow. And what are we left with? The spectacle of a guy named Weiner doing naughty things.
Late yesterday afternoon Moody's Investor Services officially warned that if there is no imminent progress in Congress on the debt ceiling fight, the United States of America's Aaa credit rating would be cut.
Too Big To Fail isn't the story of how the Three Musketeers (Paulson, Bernanke, and Geithner) saved the global economy. It's a story of how the three didn't see the financial crisis coming.
The survival of the American Dream is contingent upon preserving opportunities for those affected by home foreclosure to pursue higher education.
I want to take this opportunity to mark International Women's Day by writing about the woman who had the greatest impact on my life -- my mother. She brought me up to believe that there was nothing I should be afraid to try while at the same time making it clear that she would love me not one iota less if I failed. READ MORE Bill Keller Accuses Me of "Aggregating" an Idea He Had Actually "Aggregated" From Me: In an exceptionally misinformed attack on HuffPost in a column released Thursday, Bill Keller, the executive editor of the New York Times, describes HuffPost's offerings as nothing more than "celebrity gossip, adorable kitten videos, posts from unpaid bloggers and news reports from other publications." I wonder what site he's been looking at. READ MORE
The collapse of Borders is akin to the collapse of Lehman Brothers on Wall Street, and it suggests that too many people in American publishing don't know what the hell they're doing.
This is the deep background of the financial crisis -- a clear-eyed introduction to the post-industrial jungle with its networks, frictionless interchanges, murky sense of accountability and unexpected consequences.
