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…
Business
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…
Future of the internet and our life will depend on these three companies.
via Gizmodo click to see the “BIG Picture” :). Are you guys feeling the same way ? How many of you are not using any…
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…
Stay Away from those “On-Line, For-Profit” Schools
Remember the pet-rock fad? People were stupid enough to buy those “pet-rocks.” Surprisingly, the business itself was legitimate. There is another ‘legitimate’ business, which is…
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…
Ratigan: “The Greatest Con Job” (Must Watch)
Dylan Ratigan gave a 6 1/2 min summary of how banks pocketed $121 bil of your money in bonuses from 2000-2006. He compared the banks…
A MUST Watch Interview – Bill Back
“The best way to rob a country is to own a bank.” A big bank. William Black explains the thievery of Wall Street in simple…
Goldman: Don’t Blame Us
“When it comes to its role in the financial crisis, Goldman Sachs has a message for the world: Not guilty. Not one bit.” Here is…