Burning Down Your Neighbor’s House
In a fascinating commentary in the Financial Times recently, James Rickards discusses the current Greek fiscal meltdown. In How markets attacked the Greek piñata, Rickards calls the process of pushing out spreads and calling in margins “… not much more than a floating craps game in an alley off Wall Street.”
While instructive, Rickard’s piece caught [...]
The con is still on
Matt Taibbi of Rolling Stone continues to do a fine job of chronicling the ongoing Wall Street con. In Wall Street’s Bailout Hustle, he argues that that same cast of characters are setting us up for another crash.
