Records Show Federal Reserve Wildly Misunderstood Crisis

Alexander Reed Kelly / Truthdig Feb 23, 2014 "Hundreds of pages of transcripts, based on recordings made at the time, reveal the ignorance of Fed officials about economic conditions during the climactic months of the financial crisis," The New York Times reports. Dig deeper ( 2 Min. Read )

Still Broken Five Years Later

By Mike Whitney, CounterPunch Feb 22, 2014 Very few people seem to know that the crisis began in a shadowy part of the financial system called repo, which is short for repurchase agreement. Dig deeper ( 6 Min. Read )

Monopoly’s Poster Children

Alexander Reed Kelly / Truthdig Feb 17, 2014 Economist Michael Hudson talks about how the economic crisis, austerity, U.S. economic policy and decisions made by local political parties shaped Ireland's economy. Dig deeper ( 1 Min. Read )

Three Executives Blamed for Irish Banking Crisis Go on Trial

Alexander Reed Kelly / Truthdig Feb 3, 2014 The three- to six-month trial of three senior executives at the bank that almost bankrupted Ireland starts this week. About 350 people volunteered to serve on the jury, giving a sense of interest in the case. Dig deeper ( 1 Min. Read )

Is Argentina Entering an Economic Crisis?

Alexander Reed Kelly / Truthdig Jan 25, 2014 Argentinians are fearing a new financial collapse as the peso suddenly dropped this week. Dig deeper ( 1 Min. Read )

Truthdigger of the Week: Paul Volcker

BLANK Dec 15, 2013 Five years after the financial meltdown, the Volcker Rule provides a framework for regulators to check Wall Street's propensity to devour the wealth of the nation. Dig deeper ( 3 Min. Read )

Irish Compliance Yields Eurozone Bailout Exit

Alexander Reed Kelly / Truthdig Dec 15, 2013 Three years after international lenders loaned Ireland $92.7 billion to recover from its part of the international economic crisis, the country is the first afflicted eurozone state to exit its rescue program. Dig deeper ( 2 Min. Read )

Death of Artist Unites Greek Hip-Hop Community Against Fascism

Alexander Reed Kelly / Truthdig Oct 1, 2013 The stabbing of Greek rapper Pavlos Fyssas by a sympathizer of Greece's most prominent extreme right party earlier this month has led to the arrest of the group's leadership and the unification of once bitterly opposed rap artists against racism and violence. Dig deeper ( 2 Min. Read )

Austerity Making It Harder to Cheat on Your Wife

Staff / Truthdig Aug 27, 2013 Summer used to be the season of infidelity in Italy. Now, with the European Union enforcing strict measures as a result of the economic crisis, affairs are no longer so simple to maintain. Dig deeper ( 2 Min. Read )

Debt Counseling Government

Tom Janssen, Cagle Cartoons, The Netherlands Aug 9, 2013 Dig deeper

The Pentagon’s Preparations for War Against Us

Alexander Reed Kelly / Truthdig Jun 16, 2013 A score of recent defense department and other official documents warn that climate change, energy shocks and economic crisis could trigger waves of civil unrest. The understanding seems to explain the proliferation of security and surveillance programs over the last decade. Dig deeper ( 3 Min. Read )

Obama Selects Billionaire Campaign Backer as Commerce Secretary

Alexander Reed Kelly / Truthdig May 2, 2013 Barack Obama has once again dropped all pretenses of being a progressive president by nominating Penny Pritzker -- a major campaign contributor with a personal fortune estimated at $1.85 billion and a history of dogging bank regulations -- to head the Commerce Department. Dig deeper ( 2 Min. Read )