Home / Tag: AIG
Wednesday, April 8, 2009

We can’t lose $100 billion a year to offshore tax havens

While the leaders of the world's largest economies debate stimulus and regulation in London, let us hope they do not forget about crime and punishment. Rooted in the most massive swindles in financial history, the global crisis offers an unprecedented opportunity to prosecute the criminals whose machinations steered...
Wednesday, March 25, 2009
It takes a lot for us to start feeling sorry for high-flying financial executives who, left unregulated by an administration that believed the free market should be free to do anything it wanted, destroyed our nation’s economy and wiped out our 401(k)s. But when politicians whip up such a frenzy of hatred against...
Wednesday, March 25, 2009

They’re grifters, not geniuses

Having long flattered themselves as “masters of the universe,” the creative financiers of Wall Street and London are today exposed as grifters rather than geniuses. Their proud claim that society cannot prosper without them— voiced so often whenever anyone raised subjects such as taxation or regulation— would now...
Tuesday, March 17, 2009

Democrats Cannot Evade Responsibility For Much Longer

Lately, we've been hearing the word "inherited" a lot. Not in a good sense, as in "you've just inherited a million dollars from an uncle you'd never met". No, this word is being repeated ad nauseam by the Obama administration and the Democratic Congress to refer to the current economic crisis. They are stating categorically that they have inherited this state of affairs from President George W. Bush.
Wednesday, Jan. 28, 2009
What a year for corporate criminality and malfeasance! As the Multinational Monitor compiled its annual list of the 10 Worst Corporations, it would have been easy to restrict the 2008 awardees to Wall Street firms. But the rest of the corporate sector was not on good behavior during 2008 either, and didn’t deserve to escape...