Joseph Stieglitz to World Economic Forum in Davos: Any decision by President Obama to establish a ‘bad bank’ to buy up toxic assets would amount to swapping taxpayers’ cash for trash while leaving taxpayers paying for years of excess lending by banks. “You shouldn’t chase good money after bad.”
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The Great Unwind is a call to civic action by and for the layman. A platform for knowledge as a basis for activism, here is documented the rise of neo-conservative ideology and neo-liberal corporatism, the collapse of the housing bubble, the financial panic of 2007-08 and the massive deleveraging of the shadow financial system, within the larger context of social and political upheaval that is forever changing Our World.
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