Relevant and even prescient commentary on news, politics and the economy.

Romney’s Private Equity Magic Trick–equity manager’s gain, taxpayers’ losses

by Linda Beale Romney’s Private Equity Magic Trick–equity manager’s gain, taxpayers’ losses (Reich Video) Mitt Romney claims that his business experience at Bain Capital is a superb qualification for the presidency.  He implies that this experience will carry over to his economic policies, with the suggestion that he will become a “job creator-in-chief” like all […]

extractionism

Dylan Ratigan interviews Yves Smith on  where the money goes (h/t rjs): Smith: Investors Are Afraid of Suing the Big Banks for Fear the Government Will RetaliateOn this episode of Greedy Bastards Antidote, we’re covering a new term from our upcoming book. This week, we’re focusing on extractionism. Joining us to discuss it is Yves […]