Thursday, May 21, 2009


Credit Where Credit is Due By Mike Whitney Do people realize that the reason their home equity is vanishing, their 401ks have been slashed in half and their jobs are at risk is because Wall Street was gaming the system with leverage and financial innovation? The current downturn is not really a recession at all; it's more like a self-inflicted wound perpetrated by avaricious speculators who put a gun to the economy's head and blew its brains out. WHITNEY MAY NOT BE TOTALLY CORRECT HERE, BUT HE GIVES YOU PLENTY TO THINK ABOUT.

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