Here's a good explanation of the European debt crisis that's also applicable in the US: A few points that might warrant further expl...

Remember my posts in May, 2009 ( here and here ) on "Derivatives for Dummies"? Well, they're still relevant, because we still...

" Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – whi...

. . . is not about market "discipline," according to Dean Baker : The people who gave us the eurozone crisis are working around t...

If you think it's a coincidence that legislatures in multiple, Republican-controlled states have been passing bills aimed at busting uni...

. . . that should have appeared prominently in your local corporate media, but mostly didn't: Republicans Confirm: $30 Billion for Unem...

"On . . . September 25, 2008 the U.S. Government took over Washington Mutual, selling most of it to JPMorgan Chase. "Roughly a yea...

uptown . . . the only question is, when is the next crisis going to happen ," says Nobel-winning Joseph Stiglitz . (Thanks, girl gone ...

(Published in 2006.) Available at amazon together with "Dow, 30,000 by 2008", Why It's Different this Time for only $36.6...

Is AIG still selling credit derivatives? (see, e.g., Timmeh, here .) Has Goldman Sachs bought any derivatives (from AIG or anyone else) sinc...

Having recently visited Pompeii, Huffington muses there are two kinds of warning signs: those recognized while there's still time, and t...

in Rolling Stone . (Seems like they and The New Yorker are among the few print media left in the U.S. doing real journalism anymore. Wonde...

IT'S NOT THE BONUSES. Ok, the bonuses are bad; but they're the LEAST of the problems with what's going on. AIG is insolvent; it ...

I'm starting to wonder if the oligarchs' strategy is to deliberately enrage us masses to the point that either we stop looking in or...

"Fact #1. Too big to save . Bank of America Corp. and Citigroup, Inc. have combined assets of $3.9 trillion, or 43 times the size of th...

" . . . McDonald's said Monday its 2008 net profit soared 80 percent from a year [ago], lifted by growing demand from consumers see...

Ok, so I appreciate cats' potential. (Thanks, snarky!)