By Les Leopold, the author of The Looting of America: How Wall Street's Game of Fantasy Finance destroyed our Jobs, Pensions and Prosperity, and What We Can Do About It. Cross posted from Alternet
Gasoline prices have been falling in recent weeks, but they're still close to their five-year high after climbing steeply for three years. For every penny increase at the pump, $1.
Hallelujah! The economy is really growing. Our pensions and 401ks are back from the dead. Banks are solvent. Corporations are profitable. Housing prices are stabilizing.... Read Post
I've just interviewed Les Leopold, who blames the recent financial disasters on trends that began over 30 years ago, explains how a great deal of Wall Street's "investing" has had as much connection to the real economy as fantasy ba... Read Post
Before they were the masters of the universe, many of the biggest names in finance worked jobs outside of Wall Street. We're talking about things from bagging walnuts to selling peanuts to delivering newspapers and attending parking... Read Post