If Glass-Steagall Hadn’t Been Repealed…

By: Sunday May 27, 2012 10:52 am

It’s stupid to say that repeal of Glass-Steagall was irrelevant to the Great Crash. I wonder which sell-out economists are whispering in the ears of pundits.


FDL Book Salon Welcomes Bethany McLean and Joe Nocera, All The Devils Are Here: The Hidden History of the Financial Crisis

By: Saturday January 8, 2011 1:59 pm

There are a plethora of books written, and yet to be written, about what lead up to the 2008 financial crisis, but even so, All the Devils are Here stands out. Co-authors, Bethany McLean (co-author of the bestselling, documentary-inspiring book on the Enron scandal, The Smartest Guys in the Room) and Joe Nocera (Award winning New York Times business columnist), expertly weave a narrative that captures not just the elements, but the characters of the crisis; the human flaws, choices and repercussions perpetrated by a small, dispersed collection of very dangerous people.

Grandma Lehman Sues Big Bad Wolf JPMorgan

By: Sunday May 30, 2010 10:30 am

The bankruptcy estate of Lehman Bros. claims that JPMorgan forced Lehman into a sudden bankruptcy, to save itself money it might have had to pay Lehman on derivatives. It’s another example of the wolves of Wall Street eating their own.

Why Worry About New Regulations When We Don’t Enforce the Old Ones?

By: Tuesday March 30, 2010 6:01 am

You can tell that financial reform will be the next heavy lift in Washington because everyone’s chattering about it today, and proposing a variety of solutions. But they actually come down to something a lot simpler than what’s being proposed: regulators need a few clear rules, and they need to do their jobs.

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