Numerian has a new article out that will help interested parties understand the 2200 page report on the Lehman collapse. The report was produced by a court-appointed examiner. It’s 2200 pages and cost over $40 million to produce. The results are devastating for Lehman, the Bush administration (which gutted the SEC), and [...]

Michael Collins
(March 10) Wall Streets is headed toward international pariah status thanks to two recent actions by the European Union (EU).
On Tuesday, the EU announced that it was banning Wall Street banks from the lucrative government bond business in Europe.   They didn’t express official concern or fire off a warning shot.  They simply banned Wall [...]

Michael Collins
The public is angry. Why should the public pay for the bankers mistakes. Iceland blogger Halldor Sigurdsson
Who cleans up the mess when ignorant, greedy bankers rack up massive debt then go broke? The people of Iceland made a strong statement Saturday. The sins of big bankers and government regulators shouldn’t fall on [...]

Shortly after September 11, 2001, mailings containing the lethal toxin anthrax were sent to members of Congress, including then Senate majority leader Tom Daschle, the National Enquirer, and others. The first suspect, Steven Hatfill, was pilloried in the press as the prime FBI suspect. He was subsequently cleared and awarded [...]

Michael Collins
Federal district court Judge Jed S. Rakoff called off a J.P. Morgan deal in an order that revealed the inside track on how the financial giant does business. The ruling of January 28 prevents Morgan from selling or participating the $225 million loan it made to Cablevisión, owned in the majority by [...]

Numerian (Feb 15)
Ask yourself who knows how much has really been borrowed by various governments around the world?
Greece is turning into a battle royal between the global financial elites and the average worker in the industrial West. This started out as a more limited struggle, pitting the finance ministers and central banks of the European [...]

Where are the Populists?
Michael Collins

“There are two ideas of government. There are those who believe that if you just legislate to make the well-to-do prosperous, that their prosperity will leak through on those below. The Democratic idea has been that if you legislate to make the masses prosperous their prosperity will find its way up [...]

A trial will likely involve testimony by the current Bank of America CEO and President Brian Moynihan against defendants Kenneth Lewis, the bank’s former CEO and board chairman, former chief financial officer (CFO) Joseph L. Price, and the bank itself. Price is currently in charge of BofA’s credit card division.

People are dying in Haiti because they can’t get out, Dr. Green said. Shala Dewan, New York Times, January 29
Many of us wanted to think that the dreadful behavior during the Bush administration was some sort of aberration. We had a relatively clean election and ended up with a more intelligent and compassionate president who [...]

Gibson’s performance is first rate. He conveys the intensity of the loss and subsequent trauma in a believable way. He’s enraged, activated, and confused. Without a lot of help from the screenplay, he conveys the various elements of trauma in a way that tracks with real world reactions.