Morgan Stanley

Who made money in the collapse

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

How your tax dollars are going to help the rich bastards that got us into this mess

The “banking bailout” is turning into just one more example of corporate welfare. In fact, the bill presented to Congress is almost terrifying in its scope and lack of oversight, giving the treasury secretary an open checkbook to buy assets from companies that have no right to still be in business. Read this post in Read More