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Privatization: Looting the public purse
Libertarian ideology favors privatization. However, in practice privatization is usually very different in result than libertarian ideology postulates. Almost always, privatization becomes a way for well-connected private interests to loot both the public purse
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Another NY Financial Worker Commits Suicide
A Manhattan trader was killed Tuesday morning by a speeding Long Island Rail Road commuter train, marking at least the seventh suicide of a financial professional this year. Edmund (Eddie) Reilly, 47, a trader at
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JPMorgan To Fire Thousands
Following last year's realization that mortgage origination as a product line is effectively dead (which has forced such origination dependent banks as Wells Fargo to return to subprime lending in hopes of keeping the
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The Mobsters of Wall Street
Assume that you ran a business that was found guilty of bribery, forgery, perjury, defrauding homeowners, fleecing investors, swindling consumers, cheating credit card holders, violating U.S. trade laws and bilking American soldiers. Can you
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Why Are Banking Executives In London Killing Themselves?
Bankers committing suicide by jumping from the rooftops of their own banks is something that we think of when we think of the Great Depression. Well, it just happened in London, England. A
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The $43 Trillion Bankster Lawsuit and the Mysterious Murder of Two NY Toddlers
Last week, a horrific scene was discovered in a Manhattan apartment as the mother of two toddlers found her children dead in a bathtub and the nanny who was supposed to be caring for
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Another “Successful Banker” Found Dead
truther February 26, 2014 2The dismal trail of dead bankers continues. As The Journal Star reports, a successful Lincoln businessman and member of a prominent local family died last week. Former National Bank of Commerce CEO James Stuart
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