The High Art of Ineffective Reform“The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government ever since the…Jan 151Jan 151
The CDS Threat Is Alive Today.I think we will have continuing danger from these markets and that we will have repeats of the financial crisis. It may differ in details…Jan 71Jan 71
The CDS: The Weapon of Wealth ExtractionWhat’s critical, of course, is that any change protects the core principle: ‘Thou shalt not gamble with the public’s money”. -Paul Volcker…Dec 31, 2024Dec 31, 2024
The Fantasy CDOs“I do not think you can trust bankers to control themselves. They are like heroin addicts”.Dec 24, 20244Dec 24, 20244
One of the Financial Weapons of Mass DestructionBy 2002, Warren Buffett began warning that our financial system was riddled with financial weapons of mass destruction — certain forms of…Dec 17, 20241Dec 17, 20241
Demystifying High FinanceLending to firms and individuals involved in the production of goods and services — which most people would imagine was the principal…Dec 11, 20242Dec 11, 20242
Published inAge of AwarenessFraud at Every Step of the Mortgage Securitization Chain“It takes courage to tell the real story. This is actually a story of Wall Street’s massive, wide-spread, multi-year fraud, including…Dec 3, 20246Dec 3, 20246
Published inAge of AwarenessHow Fraud Became the Banking Business Model“Fraud was not the problem, fraud was the solution”.Nov 27, 20242Nov 27, 20242