Tag: financial crisis
"The piece portends to be an exercise in empirical rigor and mathematical precision. But he's really just playing games with semantics and definitions. And people who understand the issues he 'fact-checks' can see it."
It seems the only people not consulted for their perspective were those most powerfully affected by the crisis’ impact – the millions of families who suffered foreclosure and eviction.
“I think … we recognize we really haven’t done anything serious to deal with the causes of this crash.”
“…the political fallout of the global financial crisis is only just getting started. The real confrontation, it seems, is yet to come.”
Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could.
The Street’s political clout is as great as ever, which explains why the Dodd-Frank safeguards are now being watered down – clearing the way for another crisis.
It’s not too late to begin building a new politics designed to allow us as a people to respond to these crises in a constructive way.
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