This video explains causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global.
I’ve been talking to a friend who is trying to recover some-as-yet-to-be-determined amount of his money from the MF Global debacle. I’ve been following the events somewhat closely myself as well, when I ran across what we both think is the most insightful analysis of what happened there. This is a full interview with Jim Pulava at financialsense.com with Ann Barnhardt, formerly of Barnhardt Capital Management: http://www.financialsense.com/contributors/2011/12/02/ann-barnhardt/interview-transcript
It’s “formerly” because she closed down her independent futures advisory practice which she had been running for six years and returned all of her clients funds, indicating that our financial markets had become so corrupt and so rigged that she could no longer advocate her clients participating in them. These were just a few of the favorite quotes from my friend from the interview transcript: Read more... dollarvigilante.
As the debt crisis threatens America, Klavan on the Culture takes a look at two competing plans.
*Since Barack Obama was sworn in, the share of the national debt per household has increased by $35,835.