Please, forgive me for saying it. I know it’s a tad annoying, but it has to be said to America’s ruling class in this humble column space. Because if it’s not said here you can bet it won’t be said anywhere else in the media, and it needs to be said somewhere on behalf of the millions of citizens who were… return to article
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Reader Comments (2)Page 1 of 1 pagesIt’s a nice piece, Mr Sirota, but why didn’t you link to the reports? We reality-based liberals like to check the primary sources:
New York Federal Reserve Bank “Seismic Effects of the Bankruptcy Reform”
Minneapolis Federal Reserve Bank “Facts and Myths about the Financial Crisis of 2008”
GAO TARP report
Posted by cognitive dissident on Dec 12, 2008 at 10:20 PM As I wrote earlier, one did not have to be a genius to predict this present crisis. You could have picked up any history book about the 1920s or the First Gilded Age and made a predicted about how our Second Gilded Age would end.
These big free market phases of capitalism have always ended in a crash and consolidation—and the government always has to step in to pick up the pieces. When the history is finally written of this whole era from the 1970s until now, it will be described as another Gilded Age, full of instability, economic decline for the majority, corrupt politics,. major economic panics and crashes all over the world.
Posted by mcmchugh99 on Dec 16, 2008 at 9:58 AM Page 1 of 1 pages -
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