The president’s deficit commission and the actions of the Fed, Wall Street, corporate America and others are focused on shrinking the US economy and hurting labor so that power elite fatcats can continue skimming trillions a little while longer even though they know the jig is up.Today Timothy Geithner sang and danced on Capitol Hill trying to boost the idea that the TARP (black hole) did what it
Tag: Wall Street
Deja-vu: the Lehman Brothers collapse 2008 – 2010
September 15, 2010: it’s been two years since the stupid mistake was made to let the venerable Lehman Brothers firm crash into bankruptcy. This morning NPR did a 4 minute interview with Peter Chapman who’s written a book on the subject. The interview is worth a listen, if you missed it.Now here’s a post I wrote in September 2008 which details, among other things, the Lehman Brothers crisis of