Thursday
Oct142010
Yves Smith On Wall Street's Clever Corruption: "Laws Are So Weak, Criminals Are Permitted To Run Free" (VIDEO)
New clip. Excellent discussion.
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Also check out Yves with Max Keiser 2 weeks ago:
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Oct 14, 2010 at 11:51 AM
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Reader Comments (9)
New applications for compensation back above year-end 2009 level
http://www.marketwatch.com/story/weekly-us-jobless-claims-climb-13000-to-462000-2010-10-14
A Political Shift May Influence the Fate of Dodd-Frank
http://online.wsj.com/article/SB10001424052748703673604575550352948151266.html?mod=mktw
Read this...
http://www.guardian.co.uk/business/2010/oct/13/us-spend-or-cut-debate
Another good read...
By Glenn Greenwald
http://www.salon.com/news/opinion/glenn_greenwald/2010/10/14/wars/index.html
The Treasury Department’s usage of contractors in administering TARP at a cost of $436.7 million was critiqued more broadly in a report by the Congressional Oversight Panel, with the contracting process impeding accountability, creating confusion over the role of small business and not awarding enough minority-owned contracts.
http://www.marketwatch.com/story/fannie-freddie-tarp-role-criticized-by-panel-2010-10-14
http://fireeconomy.blogspot.com/2010/10/cash-for-flunkers.html
http://finance.fortune.cnn.com/2010/09/27/betting-on-the-bomb/
I love Yves, but that's a bad metaphor. You can actually fix stuff with duct tape and bailing wire. Paper mache, not so much....
Can someone please explain to me how it is that the Russian media is doing a such a great job covering the US financial system?