Tag Archive: Economic history

The Bailouts and the Risk

It’s Bank Bash time again here at RTFLC. Presented for your consideration: the Atlantic’s expose on how tenuous the banks hold on sanity really is:

The financial crisis had many causes—too much borrowing, foolish investments, misguided regulation—but at its core, the panic resulted from a lack of transparency. The reason no one wanted to lend to or trade with the banks during the fall of 2008, when Lehman Brothers collapsed, was that no one could

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Where have I see this kind of stupid shit before?

Looks like the unwashed hippies now picketing Wall Street have a list of demands they want met. Here is the text of their demands, because this stuff is just to sweet:

Posted 8 days ago by LloydJHart (Vineyard Haven, MA)

Demand one: Restoration of the living wage. This demand can only be met by ending “Freetrade” by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic

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