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    Economics / economic theory, GDP /

    What is ‘Wealth’?

    April 20, 2010

    Amidst all the furor over the Goldman Sachs fraud scandal and the drama surrounding bank reform – actually lack of drama since the Republicans have wheeled out their ‘just say no’ policy platform – I noticed a little discussed letter going from the Congressional Budget Office to a Republican Congressman evaluating the impact of climate […]

    Economics / B. of A., banking, Citibank, Geithner, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Lloyd Blankfein, regulation /

    Fix Wall Street … Please

    April 20, 2010

    I apologize to those of you who are sick and tired of the flood of Wall Street news. You want to know more about the ‘real’ economy, and less about finance. Well, blame the banks. They have co-opted our economy, and are abusing it for fun and profit. They have to be stopped. There is […]

    Economics / banking, fraud, Goldman Sachs /

    Afterword On Goldman

    April 18, 2010

    One last point: During the upcoming defense against the SEC the leaders of Goldman will most likely be forced to disavow all knowledge of the deals under scrutiny. They will pass the buck down into the organization. It seems Goldman’s vast profit rested either on fraud or on dumb luck. Either way: it wasn’t skill. […]

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