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Stiglitz says bailout plan is “monstrous” for US taxpayers

Save Main Street, not Wall Street
Thursday, Sept. 25th

Let's deliver an immediate and direct response to the president’s call for this enormous bailout: NO!
Volunteers will host actions in cities and towns across the country with a simple message: "America says NO Bush Bailout!”

--MORE ( Read more... )

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Derivatives Trade Soars To Record $681 Trillion
New Rule: If your company is to big to fail, your company is too big to exist. The next President needs to split up huge companies like we did with AT&T.

IT’S THE DERIVATIVES, STUPID!
WHY FANNIE, FREDDIE AND AIG ALL HAD TO BE BAILED OUT


Ellen Brown, September 18, 2008


“I can calculate the ( Read more... )

America's neo-colonial Iraq adventure led it into a moral vacuum. Will the error be repeated in the renewed US Afghan campaign?

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By Joseph Stiglitz

Published: July 25 2008 03:00 | Last updated: July 25 2008 03:00

Much has been made in recent years of private/public partnerships. The US government is about to embark on another example of such a partnership, in which the private sector takes the profits and the public sector bears the risk. The proposed bail-out of Fannie Mae ( Read more... )

Added: May 16, 2008

Linda Bilmes of the Kennedy School of Government and Joe Stiglitz of Columbia University examine the real cost of the Iraq war, in ongoing medical costs to U.S. war wounded and Iraqi civilians, the lost productivity of those disabled as well as all the other cost incurred during the conflict.

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Stagflation worries dog G8 meeting
Fed, ECB Risk 1987 Rerun With Policy Drift
The ECB Calls Bernanke’s Bluff
The new stagflation: an Asian export
Scarcity in an Age of Plenty


Monday, June 16, 2008

AIG's Connolly: "Crisis of Capitalism is Upon Us"

Listen to this article It's one thing to read an apocalyptic alarm from, say, a blogger or a newsletter ( Read more... )