Word: bankses
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In most realms, in fact, the return to normality is under way. Banks are paying back TARP funds. Cash for Clunkers has faded into the sunset. The chairman of the Federal Reserve Board has declared the recession over, and home prices are inching upward.
Some of the answers are technical. Regulatory oversight, almost everyone agrees, needs to be beefed up. There's also an emerging consensus on the need for banks to hold more capital and for their appetite for risk to be curtailed. But bigger issues are at stake too, ones that are...
None of this is simply academic theorizing. One year on, public fury about the massive banking bailouts continues to drive calls for greater oversight and regulation. Much of the outrage is directed at bankers who earned huge bonuses by taking outsized risks with complex financial instruments, only to walk away...
Bank of America wants to give back the TARP money it borrowed. In one very funny sequence in Capitalism, you back up an armored truck to various banks and demand the return of our money. Maybe you were just a tad early? And the AIG money? I don't think...
Capitalism documents, very powerfully, sheriffs departments evicting families after their homes have been sold in foreclosure. Clearly, lots of people got put into bad mortgages by sleazeball operators. But didn't ordinary homeowners get greedy too? That's a completely a diversionary tactic- how greedy can you get that you...