Goldman Sachs & the ten billion dollar TARP bailout. Was Goldman in serious financial trouble from the housing crisis? Was Goldman in danger of going bankrupt? Could Goldman have failed without bailout support? Show Date: April 29, 2010 By mid-2007, Goldman Sachs realizes that the housing market is heading south and bets against it. They lose over a billion dollars, yet … [Read more...]
US Economic Numbers Don’t Add Up: Why So Giddy Over Economic Recovery?
Contradiction! We're nearly 13 trillion in debt but the economy is recovering. The stock market has outstripped Vegas as the playground of choice for bankers, brokers and the super-rich (again), while American workers depend on a roll of the dice. How can the US economy be so healthy and so sick at the same time? Why are so many mainstream commentators positively giddy about economic … [Read more...]