Capitalism creates CRISIS!

Course Blog for Soc 3151: Social Issues and Social Policy at Baruch College

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Archive for February, 2009

“From the Banking Officialdom: So This is Meant to Reassure?”

This was an article I read from the Naked Capitalism blogs and I found it to be quite interesting. It was based on a joint statement (http://treasury.gov/press/releases/tg38.htm) released by the treasury, FDIC, OCC, OTS, and the Federal Reserve and discussed how the entire financial system is extremely important to the economic system in the U.S. [...]

Cramer: “The Multi-Trillion Dollar Question: Whose Consumption Drives the Economy?”
I’m reading the article from Radical Perspectives on the Crisis. This editorial caught my attention because it addresses an issue that involves everyone. We can hear that “consumer-driven economy” but is it true?
“Our economy is a Capitalist economy. We need to appreciate, as well as [...]

How the people of Japan are coping during these economic downtimes…

I read an interesting article in the Naked Capitalism Blog  http://www.nakedcapitalism.com/2009/02/o…) on how the people of Japan have been handling the current economic crisis. As we all know, since WWII, Japan has been looked at as the case study on how capitalism can be brought to a foreign land and thrive because of it. However, [...]

Fannie Mae Lets Renters Stay Despite Foreclosures

In an article in the New York Times, author Charles Duhhig talks about Fannie Mae and their new program to help relief renters who face eviction.
Fannie Mae will:
“sign new leases with renters living in foreclosed properties owned by the company”
Fannie Mae is the first nationwide company to provide relief for those customers whose houses [...]

“Their Assets, Our Debts” A look at how the American worker is exploited through history to keep our industry expanding

I am reading an interesting article from CounterPunch newsletter on the America history of restoring a crisis.
In this article, the author explains how our economic system manages to remain afloat even when it seems like there are more “assets” (debt) for the government to buy up than there are actual profits turning.  She explains that [...]

This is my post

this is the content of my post
I am reading an article from the brooklyn rail
here is is a general summary of what i thought was interesting about reading this article. maybe a main point or two and even my oiwn perspective if I had one.  then I’m going to walk the reader through this article [...]

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RSS Naked Capitalism

  • Links 11/7/09 November 7, 2009
    Three bald bears perplex experts BBC Antidepressants and Violence EconoSpeak. One of my pet peeves is how psychoactive medications are handed out like candy in the US. Just go to your MD, say you are exhausted, and once they eliminate anemia, chronic fatigue syndrome, and low thryoid, they assume it’s in your head and will offer [...] […]
  • Einhorn: First, Let’s Kill All the Credit Default Swaps November 7, 2009
    David Einhorn, who enjoys his considerable reputation for hard-fought battles against firms with shaky finances and dubious accounting (Alliance Capital and Lehman), has taken aim at a new and equally deserving target: credit default swaps. In an interesting bit of synchronicity, Einhorn’s comments in a letter to investors overlap to a considerable degree w […]
  • Guest Post: Investor Psychology … Fear Turns People Into Sheep November 6, 2009
    By George Washington of Washington’s Blog. Investors are basically rational, right? In fact, as many studies have demonstrated, the answer is no. But instead of wading through all of the investment psychology research, let’s look at research into people’s basic reasoning abilities. Bear with me for a minute. A study in an area unrelated to investing sheds li […]
  • The less optimistic view of Treasury’s handling of the crisis November 6, 2009
    By Edward Harrison of Credit Writedowns The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from taxpayers to the banking industry. One need merely read [...] […]
  • Links 11/6/09 November 6, 2009
    Newborn Babies Cry in Native Tongue Live Science (hat tip reader John D) Understanding long term chronic pain symptoms from minor motor vehicle accidents RFK Action Front, This is intriguing. Second Life creates virtual world for businesses Raw Story (hat tip reader John D) Fannie Mae’s results – oh, and what if Bank of America reported the [...] […]

Pages

RSS Naked Capitalism

  • Links 11/7/09 November 7, 2009
    Three bald bears perplex experts BBC Antidepressants and Violence EconoSpeak. One of my pet peeves is how psychoactive medications are handed out like candy in the US. Just go to your MD, say you are exhausted, and once they eliminate anemia, chronic fatigue syndrome, and low thryoid, they assume it’s in your head and will offer [...] […]
    Yves Smith
  • Einhorn: First, Let’s Kill All the Credit Default Swaps November 7, 2009
    David Einhorn, who enjoys his considerable reputation for hard-fought battles against firms with shaky finances and dubious accounting (Alliance Capital and Lehman), has taken aim at a new and equally deserving target: credit default swaps. In an interesting bit of synchronicity, Einhorn’s comments in a letter to investors overlap to a considerable degree w […]
    Yves Smith
  • Guest Post: Investor Psychology … Fear Turns People Into Sheep November 6, 2009
    By George Washington of Washington’s Blog. Investors are basically rational, right? In fact, as many studies have demonstrated, the answer is no. But instead of wading through all of the investment psychology research, let’s look at research into people’s basic reasoning abilities. Bear with me for a minute. A study in an area unrelated to investing sheds li […]
    George Washington
  • The less optimistic view of Treasury’s handling of the crisis November 6, 2009
    By Edward Harrison of Credit Writedowns The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from taxpayers to the banking industry. One need merely read [...] […]
    Edward Harrison
  • Links 11/6/09 November 6, 2009
    Newborn Babies Cry in Native Tongue Live Science (hat tip reader John D) Understanding long term chronic pain symptoms from minor motor vehicle accidents RFK Action Front, This is intriguing. Second Life creates virtual world for businesses Raw Story (hat tip reader John D) Fannie Mae’s results – oh, and what if Bank of America reported the [...] […]
    Yves Smith