Since the beginning of January 2008, $800 billion in stock assets have goner up in smoke. Nearly every big bank has had to admit billions in losses. The credit crisis continues. What bergan as a subprime crisis has infected all financial markets and the "real economy".
Enormous capital stremed in short-term monetary investments that could dissolve at any time, not in lasting direct investments. Higher stock prices and home prices fueled the credit boom. Deregulated finance markets are everything but efficient.
Clinton and Obama each maintain that if elected they will immediately take steps to end the war in Iraq. But there is good reason to look at the fine print of their programs very carefully. Neither will end it quickly nor bring all the troops home.
Governor Spitzer, courageous and effective foe of
Wall St. loanshark capitalists who arranged the Mutual
Fund scandal of 2003, the usury law busting predatory
lending foreclosures of millions, has been the target
of the Goldman Sachs White House