George Washington's blog
Senator Dodd's Bill: Trying to Prop Up a Broken System
Submitted by George Washington on 11/10/2009 18:27 -0500Dodd's bill - while sounding good - is really an all-out attempt to save the current, broken system...
Senator Dodd has Introduced a Sweeping Financial Reform Bill. Please Help Me Figure Out If Its Good or Bad, and What Its Missing
Submitted by George Washington on 11/10/2009 14:51 -0500Is this bill good or bad? What's it missing?
Don't Blame Capitalism for Wall Street's Corruption and Lawlessness
Submitted by George Washington on 11/09/2009 14:02 -0500Should we throw out capitalism altogether? Or would that be throwing out the baby with the bathwater?
Big Bankers Say They're Doing God's Work ... Are They Right?
Submitted by George Washington on 11/09/2009 00:38 -0500The head of Goldman Sachs literally said he's doing "God's work" with his banking activities.
The head of Barclays also recently told his congregation that banking as practiced by his company was not antithetical to Christian principles.
Are they right? Is big banking as practiced by the giant banks in harmony with Christian principles?
One Reason that the Stock Market is Rising While Unemployment is Soaring
Submitted by George Washington on 11/08/2009 23:40 -0500In addition to PPT or other gaming of the stock market, here is another reason it can go up while jobs are crashing downward ...
Citigroup is ALREADY Being Broken Up ... But Not Enough
Submitted by George Washington on 11/08/2009 01:28 -0500"Simon Johnson, an MIT professor and former chief economist at the International Monetary Fund, reckons there should be caps of roughly $100 billion on the assets of financial institutions and "serious criminal consequences" if firms are caught trying to get around such limits."
“The Chief Executive of One of the Country's Biggest Block Trading Dark Pools Was Quoted Two Weeks Ago as Saying That the Amount of Money Devoted to High-frequency Trading Could ‘QUINTUPLE Between this Year and Next’"
Submitted by George Washington on 11/06/2009 21:13 -0500Uh-oh...
Investor Psychology: Fear Turns People Into Sheep
Submitted by George Washington on 11/06/2009 19:15 -0500Investors are basically rational, right?
In fact, as many studies have demonstrated, the answer is no.
The Government is Patching the Barn Door Instead of Catching the Escaped Horses
Submitted by George Washington on 11/05/2009 19:10 -0500Fiddling while Rome burns ...
Wall Street Journal Admits Economists Were Wrong, But Fails to Discuss their INCENTIVE for Being Wrong
Submitted by George Washington on 11/04/2009 16:01 -0500Why economists REALLY got it wrong...
Will the Democrats Lose in 2010 (or 2012) Because They Won't Pass Real Financial Reforms?
Submitted by George Washington on 11/04/2009 14:02 -0500D'oh!
Take the Power to Create Credit Away from the Giant Banks and Give It Back to the People
Submitted by George Washington on 11/03/2009 18:47 -0500What we've got ain't workin...
Should we go back to the gold standard? Should the government take over the Fed? Should we have state public banking? Local public banking?
The Inverse Relationship Between Gold and the Dollar
Submitted by George Washington on 11/03/2009 14:16 -0500Do you agree or disagree?
India, China, Russia and Some EU Central Banks Buying Gold
Submitted by George Washington on 11/03/2009 01:31 -0500India buys 200 metric tons of IMF gold.
Who's next?
China: Caution May Be Warranted | Japan: Real Troubles
Submitted by George Washington on 11/02/2009 15:03 -0500China: Be cautious
Japan: Uh-oh ...
