Psychokillers, Bad Math & Burn Baby Burn

[autorank]

http://www.economicpopulist.org/

Economic Populist put together a great selection of interviews at the recent financial conference n the US economic collapse. Here are three of the videos. They're short and to the point. We're screwed unless we free ourselves of the twin assumptions

Tales From the Financial Crisis Conference - Psychokillers, Bad Math & Burn Baby Burn



"When do we start looking forward?

"If we had created a new bank with a $700 cap, let it leverage at 10 to 1,
we would have created $7 trillion of new lending capacity." Joseph Stiglitz

v

"There are crises to capitalism. I think capitalism will survive this crisis,
capitalism in most respects. I'm not so sure about these financial respects." Paul Volker

"There is no equity in some sense in these banks (being bailed out, e.g. Citicorp)..
The whole effort … is to hide what's going on." Joseph Stiglitz

[autorank]

1. K

:kick:

[formercia]

2. K&R

The boys have to keep this party going until they can squeeze as much loot as they can out of the corpse. After that, it's a Trillion for a loaf of Bread. The US will become just like Zimbabwe. It used to be called Rhodesia when the boys were in charge. They repaid ZANU and ZAPU in spades.

[autorank]

3. kr

:kick"