Tag Archives: Bail outs
When in January 2005 I first wrote about the growing global financial imbalances and their likely consequences I was almost alone in my concerns, but not quite. From early 2004 onwards there was the odd squeak of disquiet, mainly from US writers, and this grew slowly until late 2007 when the markets started to tip and […]
Over the last 7 days, I’ve been watching the repulsive song and dance in the USA to bail out some of the wealthiest corporations in the world. Congress finally passed bailout legislation today. But instead of reforming the system that allowed the kind of greed and manipulation we’ve seen, we see capitalist extortion at work. […]
