Posts filed under “Bailouts”
Nearly seven-in-ten Americans say large banks and financial institutions have benefited the most from post-recession government policies (apparently, three-in-ten Americans don’t have a clue).
Pew reports that sizable majorities say the beneficiaries of government policies are large banks and financial institutions, large corporations and wealthy people. The beneficiaries according to the public: 69% say large banks and financial institutions gained the most; 67% noted large corporations, and 59% said wealthy people.
People have finally come around to realizing what happened and who made out like bandits. I guess better late than never.
Majority of Americans say banks, large corporations benefitted most from U.S. economic policies
By Bruce Drake
Pew Research September 20, 2013
Five Years after Market Crash, U.S. Economy Seen as ‘No More Secure’
PEW September 12, 2013,
Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior. You Won’t Believe What They’ve Done … Here are just some of the improprieties by big banks…Read More
It is the 5th anniversary of the collapse of Lehman, AIG, and the GSEs. At this time 5 years ago, my assumption was that by today, legions of people would have already been prosecuted for their financial crimes. That never happened. I want to open the floor to discuss 3 very specific things: 1. What…Read More
Short list: 1. At the Ira Sohn Investment Research Conference in May 2008, hedge fund manager David Einhorn explained why he believed Lehman Brothers was insolvent. At the time, Lehman was already significantly off its highs but still trading above $40. 2. Lehman’s accounting was especially opaque, even relative to other investment banks (and that’s…Read More
Gold and Silver Are Manipulated The Guardian and Telegraph report that gold and silver prices are “fixed” in the same way as interest rates and derivatives – in daily conference calls by the powers-that-be. Long-time trader Andrew Maguire told told King World News this week that 2 JP Morgan whistleblowers have handed over evidence of…Read More
Barry Ritholtz is a Wall Street money manager and Washington Post columnist who writes a popular investment-focused blog, The Big Picture. He is also the author of Bailout Nation, explaining for the general reader the finance behind the financial crisis -Five Books The Wall Street money manager diagnoses the ills of America’s political…Read More