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Goldman Sachs: A Model Citizen? Not!

I reported earlier this week about the way in which Goldman Sachs manipulated its earnings release. It magically overlooked telling us anything about what happened in last December when, whoops, it lost a ton of money. What I didn’t report is the ongoing campaign the bank is waging to establish itself as a ‘model citizen’ […]

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Bernanke’s Green Shoots Wither

Ben Bernanke, in a fit of wild optimism, told us that he saw ‘green shoots’ of recovery springing up around the economy. Not this morning I think. If real estate is anything to go by we are still in full recessionary mode. Housing starts in March fell 10.8%, to a level that is the second […]

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More on Capitalism: Is America Russia?

We really are at an important point in our history. The model of capitalism that dominated the Reagan era has been manifestly revealed as a failure. So the search is on for what to replace it with. At the risk of being repetitive I think it a subject worth continuing to discuss. Which is why […]

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