Now Spreading: Oil Spill in the Gulf and European Contagion
In 1997 the Asian debt crisis was termed by the western media as “Asian Contagion.” The implication being – it is some sort of a…
Markets
Senators Gone Too Far on Goldman!
The readers of this blog know how much I love Goldman!! I watched some part of the ‘Goldman hearings’ yesterday. A lot of these senators’…
Stock Market Outlook
If it appears from my writings that I am heavily into stock market, that would be true in the past. But, currently I am in…
Black and Bold
Ladies and gentlemen, this is what speaking truth to the power looks like. Watch William Black’s congressional testimony. While he was ripping Lehman, Fuld was…
United States of Communist America
At the time of the founding of the United States, European countries were suffering under crippling government regulation. Founding fathers of the United States, in…
World Economy At Cross Roads
Adam Smith and Karl Marx are two thinkers that shaped the post-monarchical political framework for the societies. More on these origins later… [Edited inset: I…
Understanding Fraud Through Analogies
A complicated story is better understood with a rightly constructed analogy. Goldman’s selling CDOs and shorting them at the same time might be too complicated…
“Not My Fault”
President Clinton chimed in about his administration’s failure to regulate derivatives and restrain Wall Street’s reckless behavior. In that video bit, he essentially said, “It…
This Guy Doesn’t Mince Any Words About Goldman
This video is from July 2009. The guy doesn’t mince any words. Goldman and more. Just listen to him. I agree with him all the…
Busted?
I was excited to hear this news this morning. However, I am not fully convinced that even a tiny fraction of their fraud is brought…
Privatization of Police Force
Today’s discussion about free markets on MMGL reminded me of this very funny sketch as a part of a British show, A Bit of Fry…
Chinese Consumer Electronic Factory Conditions
Folks familiar with electronics and tech news probably don’t see this as a surprise. We have heard Chinese factory worker committing suicide for leaking Apple…
Free Markets: Do they Exist?
There is a lot to discuss on this subject. For lack of time, I was not able to participate in the discussion started by Sandeep….
Is a regulation-free market practical ? A discussion
I’ve been listening to MMGL for a little while now and once heard a conversation between Mohan garu and Chakravarthy garu, on the show where…
Greenspan on the Hill: “Don’t Blame Me” (Again)
Greenspud was on the hill today and tried to distance himself from any responsibility for helping the banks rob you in the broad daylight.[Via NY…