credit default swaps
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Bernanke’s Financial Rescue Plan: The growing prospect of a U.S. default by Mike Whitney
There are myriad problems with Bernanke’s lending facilities which are nothing more than a crafty way of transferring wealth from the Fed to private industry via low interest loans. Continue reading
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William Blum: Anti-Empire Report, Number 68, 4 April, 2009 Some thoughts about socialism
Wall Street has not only an army of lawyers and accountants, but a horde of mathematicians with advanced degrees searching for the perfect equations to separate people from their money. Continue reading
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Anti-Empire Report, October 1, 2008 By William Blum
What changes take place in the real world to cause the crisis? Nothing, necessarily. The crisis is usually caused by changes in the make-believe world of financial capitalism. Continue reading
The New Dark Age 