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Steve Bannon on How 2008 Planted the Seed for the Trump Presidency
“That lit a match, and the explosion was Trump.”
Naked Capitalism’s Yves Smith on Why We Didn’t See the 2008 Crash Coming
“People forget how petrified everybody was at the time.”
How Tim Geithner Won a War on Financial Terror — and Lost the Peace
The 2008 crisis demanded bold political leadership and radical reforms. We got “financial first responders” instead.
Sheila Bair on What Hasn’t Changed Since the Great Recession
“The financial system we have is basically the financial system we had in 2008.”
Barney Frank on His Regrets From the Great Recession
“All the money went to banks, none went to homeowners.”
What a Foreclosure-Boat-Tour Operator Saw During the Great Recession
“It breaks my heart to see what I had to do to a guy who had nowhere to go.”
the great recession
Frank Rich: In 2008, America Stopped Believing in the American Dream
The Great Recession has proved to be a more lasting existential threat to the country than the 9/11 terrorist attack.
We Are Still Living in the Ruins of the 2008 Crash
Ten years after Wall Street’s doomsday, how the financial meltdown broke the modern world and left us living in this one.
Sherry Hunt Took On One of the World’s Biggest Banks and Won
Citi thought they could push her around, so she gave the Justice Department an open-and-shut case and walked away with $30 million.
Brexit Could Trigger the Next Financial Crisis — in Italy
Italian banks are sitting on a pile of bad loans. Brexit just tossed a match on that pile. If the fire spreads, it could produce an economic and political crisis.
Goldman Can Deduct Much Of Its $5 Billion Fine
For fraudulent behavior that helped create the financial crisis, the bank will pay roughly $4 billion and face no legal consequences.
Draft of Puerto Rico Rescue Bill Released; No One Likes It
The plan to fix Puerto Rico’s $70 billion debt isn’t going so well.
Citi: The Global Economy Is Trapped in a ‘Death Spiral’
The bank predicts a coming “Oilmageddon” if policymakers don’t change course.
‘Sell Everything’: Global Bank Warns Investors of Coming Financial Crisis
The Royal Bank of Scotland is not feeling 2016.
Greek Banks Close for 6 Days As Debt Crisis Deepens
Greece could be forced to leave the eurozone.
Tim Geithner’s Book Tour: It Could Have Been Worse
The former Treasury Secretary is thinking of future generations and enduring the present.
Matt Taibbi: SEC Has ‘Terminal Brain Damage’ for Deleting Files
Metaphors and corruption are everywhere!
AIG Suing Bank of America for Financial Crisis Losses
Someone has to pay.
The Most Pontifical Metaphors in Matt Taibbi’s Latest Goldman Screed
Goldman isn’t a pudgy housewife who broke her diet with a few Nilla Wafers.”
Wall Street Rashomon: The
vs. Matt Taibbi
How some of the worst villains of the financial crisis came out more or less unscathed.
New Senate Report: ‘Goldman Clearly Misled Their Clients and They Misled the Congress’
How will Lloyd get out of this one?
Dick Fuld Won’t Let an SEC Investigation Keep Him From Giving Investment Advice
The S-E-C you say? Nope. Doesn’t sound familiar.
Turns Out, the Financial Crisis Was Totally Avoidable
The greatest tragedy would be to accept the refrain that no one could have seen this coming.”
Republicans Wanted to Ban the Term
From a Report on the Financial Crisis
Why would anyone mention Wall Street in a report about the crisis anyways?
SEC Investigating JPMorgan Over ‘Squared’ CDO
The firm might have allowed a hedge fund to improperly select assets for a
Oliver Stone Doesn’t Need to Know What a CDO Is to Know What One Feels Like
And what it feels like is
Goldman ‘Built the Bomb’
But did they light the fuse?
Report Finds 33 SEC Employees Watched Porn As Economy Fell Apart
Both disturbing and gross!
Dodd Introduces Bill to Jump-start Financial Reform, Sets Aggressive Timeline
The Fed might be getting bigger.
Women Were Better at Trading Stocks During the Financial Crisis Than Men
Rogue study accuses men of thinking they know what they’re doing when they don’t.
The Financial Crisis Created Jobs in at Least One Sector
Alexandra Lebenthal to Pen the Great American Chick-Lit Novel
-cialite and New York Social Diary correspondent has signed a deal with an imprint of Hachette.
’s Fishy Tales From Iceland
No one cared about the tiny island until it collapsed. Now it’s worthy of some tall tales.
Why Going Rambo Won’t Save Us From the Financial Crisis
More arguments against pessimism porn.
The Stephon Marbury Model of Economic Recovery
Even the Knicks’ most toxic asset looks good next to the banks!
early and often
Is Rick Santelli Part of the Vast Right-Wing Conspiracy? CNBC Responds
No and yes.
So, How Bad Will This Week’s Financial Apocalypse Hurt Hollywood?
How screwed are media companies, exactly?