If you have something to say...
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If you have something to say...
Say it on the Huffington Post
The Blog
The real lesson of the Lehman meltdown and failure may turn out to be that it was not a deep enough shock to change a political and economic system that seems to require liquidity-driven growth.
For small business, the recession will be a difficult trial, but it may turn out to provide the wake up call that New York City and State needed to support entrepreneurial companies.
Arianna appeared on Dylan Ratigan's MSNBC show "Morning Meeting" today to discuss the one-year anniversary of the fall of Lehman Brothers and the begi...
Let's be clear: Wall Street today is up to the same tricks it was playing before its near-death experience. The only difference now is that its biggest banks know for sure they'll be bailed out if their bets turn sour.
As Spring Fashion week approaches, I'm expecting glitz and glamour. The industry is trying to get shoppers to forget interest rates are in a nearly un-manageable stratosphere.
As a sector, what is the optimal size for finance? And how far should we shrink it down to achieve the kind of real growth that will reduce unemployment and drive incomes across the board?
Insiders are selling and only speculators are buying. This doesn't sound like a market that the little guy should get involved with.
The calculation made by Bernanke and Paulson that Lehman Brothers was expendable, especially in light of the measures taken to save AIG, Merrill Lynch and Bear Stearns, not to mention Fannie Mae and Freddie Mac, was destined to be proved fatally flawed.
Americans may trust Mr. Obama, but they don't trust Congress, certainly not about major reform of health care and not in such uncertain times.
David Wessel's In Fed We Trust: Ben Bernanke's War on the Great Panic contain certain key errors on the reasons why Lehman fell that need to be addressed.
This was a Katrina-like failing. A disaster was clearly building and defenses were weak. What were the Fed and Treasury doing in those key months between Bear and Lehman?
These bailouts, designed to prop up the financial institutions that caused this mess are a fool's hope.
We will prove that the best thing you can do for capitalism is to have rules that give investors the confidence to get back into the system, that protect the great majority of decent people from abuses.
A poem inspired by Michiko Kakutani's review of In Fed We Trust: Ben Bernanke's War on the Great Panic.
The fallout of Paulson's two disastrous decisions (to let Lehman fail and reverse his position on foreclosure relief) prompted the former Treasury Secretary to abuse his powers, with some not-so-veiled threats.
Goldman Sachs cannot argue that the proceeds it received from the AIG rescue did not constitute an indirect bailout any more than can auto parts makers who are saved by Detroit's bailout.
