The Economy in Recovery
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Daily Archives: May 8, 2010
Plunder: The Crime Of Our Time
Follow this link to hear James Harris interview Danny Schechter.
Some phrases I jotted down from the interview:
Jailout not just a bailout
MEGO – My eyes glaze over (does this pertain to Steve’s Politics Blog?)
Massachusetts sued Goldman Sachs for intentionally designing mortgages to fail. Goldman Sachs settled. They weren’t the only ones doing it.
Needs pressure from the public.
You have to read the reviews of Plunder: Crime Of Our Time posted on its web site.
Or how about this quote from the web site:
“When plunder becomes a way of life for a group of men, they create for themselves, in the course of time, a legal system that authorizes it, and a moral code that glorifies it.”
– Political economist Frederic Bastiat, The Law [1850]
Perhaps this is the reason our good jobs are being outsourced. The business of America has become financial crime. We can’t be wasting our time on doing productive stuff. It just doesn’t pay as well. Who said crime doesn’t pay?
The Bridge: The Life and Rise of Barack Obama
Follow this link to a broadcast I just watched on booktv.
New Yorker editor David Remnick talks about the life and political career of President Obama with NPR’s Michele Norris.
The discussion is about the book The Bridge: The Life and Rise of Barack Obama
I watched a significant portion of the show, but did not catch it from the beginning. The book sounds like one I want to read as soon as I can. The author seems to be very thoughtful. I am now going back to view the part of the show that I missed.
I found a review of the book and interview David Remnick’s Obama Biography: A Bit Much, a Bit Too Soon. Maybe I skimmed this review too fast. I couldn’t find anything in the review that matched the negativity of the headline.
Investigate This: Did The Market Drop Or Was It Pushed?
Follow this link to a story posted on OpEd News.
OK, I can understand why the mainstream press hasn’t got a clue. Particularly the business press is supported by the very people they are reporting on. (RichardH posted a link to an article that explains how Warren Buffet gets away with what he does and still comes out smelling like roses in the press. It is no coincidence that Buffet is now vouching for the honesty of Goldman Sachs. Well if not honesty, at least not getting caught up until now.)
What really surprises me is that a poster on OpEdNews is mystified.
A few days ago I posted Computerized Front Running: Another Goldman-Dominated Fraud. This post linked to the Ellen Brown piece that was on the OpeEdNews web site.
Doesn’t anybody remember stories that were posted more than a day ago?
It is like the whole world just does not want to believe the information that is being thrust in front of them.