Professor Bill Black discusses steps to clean out key players who aided and abetted our financial crisis and are still in charge today:
James Galbraith discusses the end of TARP and how the big banks turned capitalism against America:
The CBC has also been running a good series of segments called “Meltdown” on widespread fraud in the global financial sector.
You can watch the clips to date here. (Hat tip Michael F)
It would be delightful to move forward from a focus on this dark sector, (as someone who has been aware and commenting on this for years now, I would love to, believe me) but moving forward would require us to admit, punish, and reform these players and institutions. So far they remain largely unscathed and most are still in charge and “advising” our governments on policy. Public outrage is apparently still not high enough to effect real change.
Cory’s Chart Corner
“An explosive critique about the investment industry: provocative and well worth reading.”
“Juggling Dynamite, #1 pick for best new books about money and markets.”
“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.”