Monthly Archives: March 2011

banksters, pots and kettles

Despite the obvious hypocrisy of their assertions, some prominent bankers continue to act as if the world owes them a living. A while ago Philip Stephens of the Financial Times, echoing the views of the non-nonsense French Finance Minister Christine…

if i had a hammer

As I feast on financial crisis books, thought I’d share this tasty bit from Dean Baker’s False Profits: Recovering from the Bubble Economy. On page 9, Baker writes: “Progressives do the conservatives’ bidding when we denounce them as ‘market fundamentalists.’…

barking dogs, deaf ears

In a great frenzy of real estate development, fueled by irresponsible bank lending, Ireland virtually blew up its entire economy. After looking like an example of the miracle of the “new economy,” Ireland now stands forlorn among the most devastated…