Michael Lewis, author of one of the defining books about Wall Street excess, “Liar’s Poker,” told 60 Minutes that bonuses at banks bailed out by the government are akin to “a very elegant form of theft.”
Continue reading Michael Lewis 60 Minutes Interview: Wall Street Bonuses ‘A Very Elegant Form Of Theft
Related Reading:
Bashing Goldman Sachs Is Simply a Game for Fools: Michael Lewis
Bloomberg.com (28 July 09)
By Tyler Durden
“The degree of intermediation by the Federal Reserve in the issuance of US Treasuries hit a record in Q2, accounting for just under 50% of all net UST issuance absorption. This is a…
Transcript of “Winter Wellness with Dr. Laura Thompson” is now available to Subscribers!
Subscribers: Click to download/view the Transcript.
Also find it in the blog post; at the Subscriber Re…
By Catherine Austin Fitts
Some Dutch friends invited me to visit Haarlem outside of Amsterdam to see the the Grote Kerk or St.-Bavokerk – a Protestant church and former Catholic cathedral located o…
By Carolyn A. Betts, Esq.
Who Is Participating
By now you have heard that the attorneys general of all US states, save Oklahoma, have entered into a national federal/state settlement with the follo…
**Note: We are republishing each of the 22 challenges from Catherine’s fiscal cliff article – one a week. Helps to digest them bit by bit!**
By Catherine Austin Fitts
While benefits and contracts to…
Source: The Economist
Like most sins, tax breaks are easier to condemn than to resist. Politicians regularly decry the inefficiency and complexity that tax breaks introduce to the overall tax system,…