Jesse's Café Américain

"You have accepted things you would not have accepted five years ago, a year ago, things that your father, even in Germany, could not have imagined. Suddenly it all comes to be, all at once. You see what you are, what you have done, or more accurately what you haven’t done. For that was all that was required of most of us: that we do nothing. You remember everything now, and your heart breaks. Too late. You are compromised beyond repair."
Milton Mayer, They Thought They Were Free

Showing posts with label Credit Crisis. Show all posts
Showing posts with label Credit Crisis. Show all posts
28 July 2009

Janet Yellen Channels Ronald Reagan: "Deficit's Don't Matter"

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"You know, Paul, Reagan proved deficits don't matter." Dick Cheney to Paul O'Neill The mainstream media is reporting that...
16 April 2009

Second Largest US Commercial Retail Real Estate Company Files for Bankruptcy

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This is the tip of the iceberg, still the early stages of failures in the real economy which has been distorted beyond all reason by the out...
15 April 2009

This Is Your Economy on Credit Crack - and Heading for a Crack-Up

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Here is a clear and simple explanation of why we may have already passed the point at which the Fed and Treasury will have no choice but to ...
06 November 2008

Credit Card Bond Sales Zero As the Credit Markets and Consumption Engines Stalls

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Approaching our economic problems through crony capitalist bailouts of a few large banks (speculative investment banks by any other name) wi...
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