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October 28, 2016
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The Coldest Winter

The Coldest Winter

By David Halberstam

The Death of the Liberal Class

By Chris Hedges

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Tag: Credit Default Swaps

Petros Giannakouris / AP

It’s Greek to Goldman Sachs

“What is this Goldman Sachs and why has it caused us so much grief?” is a question they must be asking in even the most remote of Greek villages, as they are throughout much of this economically troubled world. (Reposted)

Posted on Jun 30, 2015 READ MORE


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smoothdude (CC BY 2.0)

Psychopaths Are Loose on Wall Street (Updated)

One percent of the adult human population qualifies as clinically psychopathic, exhibiting a lack of empathy and a knack for telling lies and getting away with it. That compares with 10 percent of wheeler-dealers on Wall Street, according to a recent study. American critic William Deresiewicz is not surprised. Update: The 1-in-10 figure is unsupported. See here.

Posted on May 14, 2012 READ MORE

Flickr / zoonabar (CC-BY-SA)

Betting Big Against the Government

On Wall Street, a small number of investors are betting $4.8 billion that the U.S. government will fail to raise the debt ceiling in the next week and, subsequently, will default on its $14 trillion debt.

Posted on Jul 26, 2011 READ MORE


‘Colbert Report’: Greece, Frightening

Sure, Goldman Sachs CEO Lloyd Blankfein once crowed that his firm was “doing God’s work,” but, as Stephen Colbert points out here, Blankfein never actually specified which God he was talking about. Perhaps it was Hades, Greek god of the underworld. Given the state of the Greek economy, that may not be too much of a stretch.

Posted on Mar 4, 2010 WATCH & LISTEN

Flickr / antiparticle

Fed Looking Into Goldman Sachs’ Role in Greek Debt Crisis

It’s not the only financial institution involved, but Goldman Sachs features prominently among the companies that the Federal Reserve is investigating in relation to Greece’s recent debt calamity, Fed chief Ben Bernanke told the Senate Banking Committee on Thursday.

Posted on Feb 25, 2010 READ MORE

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