Thursday, October 23, 2008

Wall Street Scam Artists: Economic House Of Cards

There are two excellent articles by Joshua Holland at Alternet that I would like to recommend to anyone interested in gaining further understanding of the economic crisis we have now, and will suffer more of in the future.

The articles are extensive, but they explain well what has led up to where we now find ourselves. I found them both to be quite helpful.

How Wall Street's Scam Artists Turned Home Mortgages Into Economic WMDs.

The titans of high finance are trying desperately to shift blame for the crisis onto others, but this dead cat lies squarely on their doorstep.

Wall Street Hustlers Built a $100 Trillion House of Cards and Stuck You with the Fallout

Deregulation brought us hugely "leveraged" investments, and they brought us panicked markets and pain.

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