Long Wave Theory Blog

naked capitalism: On The Sanctity of Wall Street Pay.
Yves sums it up perfectly:  circumstances change, contracts get renegotiated, C would be dead if the Feds hadn’t intervened, and pigs should be slaughtered.  Unfortunately, no one is paying any attention.  No one.  Not yet any way.

Raw Story » Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’.

The bit about the Feds leaking his name because of the sub prime investigation sounds very plausible and likely.

Marginal Revolution: Is financial innovation good?.

I have a comment on Cowen’s comment.

Sometimes a picture is worth 6 million jobs

CHART OF THE DAY: We’ve Wiped Out All The New Jobs Of The 21st Century.