Long Wave Theory Blog

Debunking Michael Lewis’ Subprime Short Hagiography « naked capitalism.

The Catholic Church is a Criminal Enterprise – Matt Taibbi – Taibblog – True/Slant.

This is somewhat outside my usual purview, but it can’t be ignored.  why do we give a free pass to an institution that has demonstrated decades of formal child abuse and efforts to cover it up?  It’s abominable.  Why does anyone belong to the Catholic Church?  Why is this organization not taken apart by jailing every complicit individual?

Those Pesky Second Liens, and an update on HAMP « Rortybomb.

Martin Wolf: China, Germany Commiting World to Deflation « naked capitalism.

Wray: Timmy-Gate: Did Geithner Help Hide Lehman Fraud? « naked capitalism.

This is such a damning piece, yet where is the media outrage?  Where are the calls for his indictment?  Why is he still Secretary of the Treasury and Bernanke still Fed Chairman?  Because democracy is an illusion.  Welcome to the end of great American Democratic experience.  It’s over folks. When you have bankster flagrantly violating the law to help themselves you’ve legalized massive theft and fraud on the American public.
This is revolting…but will it be?

This is why we’re no where near the bottom of the housing market nor the apex of foreclosures and strategic defaults.  This problem is only just beginning.  The sham of a recovery, when it is exposed, will bring a world of pain to the U.S.

Principal Writedowns and the Fake Stress Test » New Deal 2.0.

Rosengren says Fed needs more power – Daily Business Update – The Boston Globe.

You’ve got to be fucking kidding me.

Stiglitz, Nobel Prize-Winning Economist, Says Federal Reserve System ‘Corrupt’.

Fed’s Fisher Calls for Accord to Break Up Big Firms (Update2) – Bloomberg.com.