Janet Tavakoli is an expert on derivatives. The link here is for her discussion with Max Keiser about the debt still in our financial system.
http://www.creditwritedowns.com/2009/10/janet-tavakoli-on-fraud-derivatives-and-bankruptcy.html
The point of her comments mirrors remarks made by Steve Keen, the Australian economist. The financial system and the economy cannot recover until the debt choking the system is eliminated. Citizens cannot pay down their debt while their wages decline.
Debt forgiveness is the only viable way forward for a quick and robust recovery.
Subscribe to:
Post Comments (Atom)
-
In 2007, Rick Weiss reported for the Washington Post potential hazards of genetic medicine and the failed regulatory apparatuses designed t...
-
March 11 is the anniversary for the Fukushima Daiichi disaster of 3 nuclear meltdowns, at least one melt through, and a fire in at least ...
-
The weekend edition of the Wall Street Journal reports that PG&E suffered a massive loss of control of the utility's databases, le...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.