…17, 2008). What’s the tax angle (gotta get that in somewhere, haven’t I?)? Investors who’ve lost money to Madoff get a chance for relief under the tax code. See Donmoyer,…

Ken Houghton I would prefer not to talk about AIG, especially since we already have two posts on it today: Robert brilliantly puts it into context, while DOLB goes for…

rdan Yves Smith comments on a NYT piece about NY Attorney General Cuomo. The following caught my attention this morning. Admittedly before coffee: Banks have proven to be remarkably immune…

…money from money. That is the accepted opinion. Though this report suggests that even the top 1% were earning more from wages each year until it reverses in 2000. Quote:…

…aren’t–or aren’t losing enough money–and because feckless greedy imprudent thriftless borrowers who caused the problem ought to lose money and aren’t–or aren’t losing enough money. 3. It won’t work–at least…

…and culture war tactics…which so far has been won by this current group of Republicans. One fact about government outsourcing is settled: It sure doesn’t save money. A Washington Post…

…Big Liar calculates the money you paid in to Social Security and the money your grandma paid in (to Social Security. never mind all that about paying taxes for welfare,…

…a rock and creating a wanted jewel? Maybe so for a “service economy” that makes money from money. You know… have a hammer, everything is a nail. I’ll admit I’m…

…Security cost and so require the General Fund to start paying back the money it borrowed. Since no serious argument can be made that the debt is not real, because…

…money at Wal-Mart, all the money will go to China . If we spend it on gasoline it will go to the Arabs. If we purchase a computer it will…