Word: depressionitis
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I thought of that line while watching the eight megabankers who showed up for Wednesday's House Financial Services Committee hearing. There was good theater in the spectacle of these potentates getting a congressional word-whipping as if they were the chastised bosses of the tobacco industry or a poisoned...
In two decades, the mantra about Wall Street has gone from "Greed is good" to "Banks are bad." The winds of a new Depression demand that that salutary trend of the movie '30s be revived. Oliver Stone, get to work. In the meantime, with brilliant bloody timing, here comes The...
Yields are also bound to go lower because demand for U.S. government debt will easily match supply, even though Washington must sell hundreds of billions of dollars in bonds in coming months to fund stimulus measures and bank rescues. Consider the uncanny parallel between the composition of assets on bank...
It was in that secret room that Craig composed his senior thesis on writer Upton Sinclair’s campaign to use the California Democratic Party for implementing socialist reforms during the Great Depression. “It is certainly an illustrious choice of a thesis for someone who ended...
Well, I'm always hopeful. I think this is a great country, and we have a great Constitution. We have, as you know, severe challenges. The recession we're in is the worst I've seen since the Great Depression. I was a kid during the Great Depression, it was...