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Financial Collapse

A Virtuous Tax

Robert Kuttner | Posted 11.13.2009 | Politics

Read More: James Tobin, Populism, Adair Turner, Tobin Tax, Financial Regulation, Peer Steinbrueck, Financial Collapse, Politics News
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.

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Obama Should Stop by Taleb's Historic Congress Testimony

Pablo Triana | Posted 11.08.2009 | Business

Read More: Committee-on-Science-and-Technology, Value-at-Risk, Bailout, Recession, Financial Collapse, Business News
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.

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From Death Panel to Death Spiral

Jeff Schweitzer | Posted 09.17.2009 | Politics

Read More: Gop, Obama, Health Care, Town Hall Meetings, Republican Party, Financial Collapse, Sex Scandals, Tarp, Town Hall Debate, Free Market Capitalism, Rush Limbaugh, GOP Debate, TARP Money, Healthcare Debate, Whig Party, Habeas Corpus, Obama Hitler, Medicare Bill, Bull-Moose-Party, Bill Oreilly, Religion and Politics, Religious Right, Glenn Beck, Free Market, Medicare, Mark Sanford Affair, Terry Schiavo, Republicans, Politics News
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.

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

New York Times | Posted 08.29.2009 | Business

Read More: High-Frequency Trading, High-Frequency Algorithmic Trading, Financial Crisis, New York Stock Exchange, Wall Street, High Speed Trading, Recession, Financial Meltdown, Financial Collapse, Business News

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

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The Real Crime in the Bailout -- Naked CDS Deals

Cenk Uygur | Posted 04.26.2009 | Business

Read More: Matt Taibbi, Congress, Bailout, Treasury, Michale Lewis, Cds, Aig, Eliot Spitzer, Counterparties, Rolling Stone, Tim Geithner, Naked Cds, Financial Collapse, Business News
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.

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One Third Down

Dr. Brent Ridge | Posted 03.28.2009 | Living

Read More: Financial Crisis, Medical School, Martha Stewart, Business School, Student Loans, Student-Debt, Financial Collapse, Living News
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.

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How Globalization Set the Stage for the 2008 Economic Collapse

Robert Creamer | Posted 02.09.2009 | Politics

Read More: Income Stagnation, World Trade Organization, Economic Policy, Employee Free Choice Act, Trade, Economic Crisis, Breaking News, Globalization, Credit Crisis, Nafta, Financial Collapse, Ecomomic Stimulus, Politics News
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.

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

Larry Abrams | Posted 04.14.2009 | Entertainment

Read More: Professional Sports, Philadelphia Eagles, Philadelphia Phillies, Financial Collapse, Philadelphia, Sports Fans, Entertainment News
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.

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Blaming the Poor

Sasha Abramsky | Posted 11.11.2008 | Business

Read More: Foreclosures, Politics, Subprime Mortgages, Poverty, Economy, Cnn, Obama, Fox News, Stock Market, Election, Blame Game, Financial Collapse, Business News
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.

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Behind Wall Street's Collapse

Walden Bello | Posted 11.02.2008 | Business

Read More: Merrill Lynch, Bailout, Wall Street, Rosa Luxemberg, Cdos, Wall Street Bailout, International Monetary Fund, Argentina, Reaganism, Collatorized Debt Obligations, International Financing Review, Klaus Schwab, Internet Bubble, Imf, Stock Market, Dean Baker, Great Depression, World Economic Forum, Financialization, Technology-Stock Bubble, Economic Bubble, Bankruptcy, Golden Age of Contemporary Capitalism, Brazil, Fannie Mae, U.S. Treasury Department, Recession, Financial Collapse, Freddie Mac, Subprime Mortgages, Ben Bernanke, Neoliberal Restructuring, China, Business News
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.

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