Daily Archives: May 6, 2010

Galbraith: Financial Crisis Was Fraud, A Breakdown In The Rule Of Law — Radical Cleaning Is Needed

In testimony, May 4, 2010, from Jamie Galbraith before the Subcommittee on Crime on the role that fraud played in the financial crisis, Mr. Galbraith said sub-prime mortgage was a “license to steal.” He said, “Given a license to steal, … Continue reading

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“13 Bankers” — Chapter One: Thomas Jefferson and the Financial Aristocracy

I’m reading “13 Bankers,” a just published book written by Simon Johnson and James Kwak. The preface to this book says, “Even after the ruinous financial crisis of 2008, America is still beset by the depredation of an oligarchy that … Continue reading

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