3 People we can blame for the financial crisis

One of our most popular articles discusses repeal of Glass Steagall. Robert Reich is Professor of Public Policy at the University of California at Berkeley. He has served in three national administrations. He also explains why our article was so popular: If any three people are most responsible for the failure of financial regulation, they …

Clinton repeal of Glass-Steagall faulty as seen today

Even as the Fed helped to stabilize the situation over the weekend, the stock market is down again on Monday morning. What is alarming from our standpoint is that CIT, Lehman, and National City Corporation all are down – by 25 to 31 percent as we write this. Liquidity questions surround Lehman after what we …

Last in – first out or fire the weakest – layoffs continue

As the perception of a slowdown continues the perceived over-employment picture might indicate a need for layoffs. It sounds like market agitators in the oil industry where fear of a hurricane that might agitate Nigerian rebels who could… – you get the picture. Anyway, it is close enough for some. More layoffs were announced as …