Two seemingly unrelated stories led off NPR’s Morning Edition today. One was the story of an Arizona family who decided not just to live within their means, but to live within their needs. The other, more vexing story, was about an obscure bit of financial jargon: “Quantitative Easing.” For all you normal people out there, [...]
Posts Tagged ‘Paul Krugman’
Looting in the Name of God
This Tuesday Goldman Sachs executives will go before the Senate’s Permanent Subcommittee on Investigations. A string of indicting emails have been revealed by the S.E.C. and the Subcommittee charging that Goldman fraudulently intended to mislead investors on risks (bets) related to mortgage-backed securities. The S.E.C. is charging that Goldman created and marketed securities that were [...]
