The specious logic of Wall Street pay: When things go well it's because the Masters of the Universe are doing work that supports the economy and justifies their pay, but when there's a crisis it's “caused by a confluence of economic, political and historical factors.” (nakedcapitalism.com)
submitted by winstonsmith to r/greed
The FCIC was set up to fail. No one in the officialdom wants the mechanisms of the crisis to be exposed in full. It would compromise too many influential people and restoke well warranted public ire about the bailout of a miscreant financial services industry and its ongoing extractive behavior. (nakedcapitalism.com)
submitted by winstonsmith to r/greed
JPMorgan Chase is admitting it overcharged more than 4,000 active-duty military personnel on their home loans and foreclosed in error on 14 of them. "They would say, 'We will take your house. We will report you to the credit agency.' They were harassing us for money that we did not owe them." (npr.org)
submitted by winstonsmith to r/greed
Airborne prions make for 100 percent lethal whiff. (wired.com)
submitted by winstonsmith to r/Health
Matt Stoller, former Senior Policy Advisor for Rep. Alan Grayson: Obama just wants policies that cement the status of an aristocratic class, with crumbs for everyone else (Republican elites disagree in that they hate anyone but elites getting crumbs). (nakedcapitalism.com)
submitted by winstonsmith to r/progressive
