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crooksandliars.com - 1/5/2009
How Do We Fix A Broken Financial World?
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Our leaders have framed the problem as a “crisis of confidence” but what they actually seem to mean is “please pay no attention to the problems we are failing to address.” - Michael Lewis In today's New York Times, Michael Lewis, author of " Liar's Poker " and " Panic: The Story of Modern ...
Bernie Madoff, economy, scandal, investments | Salon Life
salon.com - 1/7/2009
Bernie Madoff, economy, scandal, investments | Salon Life
— salon.com — Jan. 7, 2009 | I was standing in my kitchen wondering what to have for lunch when... my friend Taj called. "Sit down," she said. I thought she was going to tell me she had just gotten the haircut from hell. I laughed and said, "It can't be that bad." But ... (more) Bernie Madoff, economy, scandal, investments | Salon Life

Comments vote down N/A found this 1/7/2009found this
tpmmuckraker.talkingpointsmemo.com - 12/29/2008
What Happened To Madoff's Money?
— tpmmuckraker.talkingpointsmemo.com — Almost since the news broke that Bernard Madoff had confessed to running a "$50 billion ponzi scheme",... one of the key unanswered questions has been, what happened to all that money? The short answer is, we don't know yet. "It is still too early to ... (more) What Happened To Madoff's Money?

Comments vote down Talking Points Memo found this 12/29/2008found this
tpmmuckraker.talkingpointsmemo.com - 12/30/2008
In Ironic Twist, Taxpayers May Be On The Hook For Some Madoff Losses, Via AIG
— tpmmuckraker.talkingpointsmemo.com — Looks like another victim of the Bernard Madoff mess -- albeit a very minor one -- is... the US taxpayer. In September, as part of its bailout effort, the Treasury Department made an $85 billion loan to insurance giant AIG, and got a 79.9 percent ... (more) In Ironic Twist, Taxpayers May Be On The Hook For Some ...

Comments vote down Political Animal found this 12/30/2008found this

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Firedoglake:  Miss Direction Says: Keep Your Eye On The Ball

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Miss Direction Says: Keep Your Eye On The Ball
Firedoglake — ... Um...yeah...roger that, Larry.  "Economic activists?"  With a heavy coat of Lunztian whitewash.  Because, obviously, supply side economics has worked out swimmingly for the rest of us. The demand side is missing entirely...literally. Nothing says fabu strategery like pimping greed and misinformation to the masses in the midst of a craptastic recession caused by the very policies being cheerleaded.  Brace yourselves, kids. We're headed into misdirection season at the Yacht Club Corral.  Good ...

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