Hank Paulson and Tim Geithner have now descended to that nadir of credibility where a conspiracy theory about vampires contolling the economy sounds every bit as convincing as the drivel they began peddling in 2008 to pry loose the TARP money form Congress.

On Wed, 30 June, the Financial Crisis Inquiry Commission will hold day long hearings on the topic of derivatives.
Session 1 will provide an overview of derivatives, and Michael Greenberger is scheduled to testify.
Session 2 will focus on AIG’s Derivatives, with Joesph Cassano scheduled to provide testimony.
Session 3 will focus on Goldman Sachs’ derivative products.

On the news that Whirlpool plans to move an Indiana factory to Mexico, joining so many other manufacturers abandoning America, the president of the largest manufacturing union in North America spoke to an expert on manufacturing about the crisis this exodus is causing the U.S. economy.

Review of the events leading up to, during, and after the September 15, 2008 financial meltdown.

Nouriel Roubini, Dr. Doom, endorses one of the prime architects of our current financial disaster Ben Bernanke

Barack Obama resembles Hoover more than Lincoln or Roosevelt

The most successful hedge fund manager has been reading a lot of books about the effects of worldwide financial crises, lately.

The banks clearly own Mr. Geithner, but the rest of us have James Galbraith.

A list of ideas to address the meltdown not just for Christmas.

An analysis and description of CEO of Citigroup Vikram Pandit’s interveiw on Charlie Rose the day after the government bailout of it