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credit default swaps are bets

Inequity kills economies: economies now run countries

Posted on November 30, 2011 @ 7:42 am by David Esrati

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“Principles have no real force except when one is well fed.” Mark Twain Politicians used to understand this. Promises of a better tomorrow, with jobs, a standard of living higher than it is today- were standard campaign promises. Now, we have “hope” and “change” with no promise whatsoever. If we likened life to a game Read More

Who made money in the collapse

Posted on March 17, 2010 @ 10:19 pm by David Esrati

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If you listen to the pundits and the politicians, you’ll hear all kinds of excuses for why our entire economy collapsed virtually overnight. Lots of blame on sub-prime loans- and even that the government was responsible for pushing people into homes they couldn’t afford. It’s all total BS, but finding someone credible to point out Read More