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Wall Street’s Big Short: They Bet Against The World–And We Lost.

By Shoq, on March 26, 2010, at 12:12 am

'The Big Short' By Michael Lewis

Probably The 'Best Piece Of Financial Journalism Ever Written'— Felix Salmon

Even if you have no intention of reading this important book by this brilliant writer, see the video of Michael Lewis appearing on the Daily Show with Jon Stewart below. See it, and then get angry about this shit. Because

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March 26th, 2010 | Category: Derivatives Crisis, Economics, Explainers & Primers, Financial Reform | View Comments

The Derivatives Meltdown: Late But Still Due

By Shoq, on March 11, 2010, at 6:49 pm

Rob Johnson, from Roosevelt Institute, says the 300 TRILLION dollar derivatives bomb hasn't even begun to detonate yet.  Few people have this much knowledge of this complex and dangerous issue as Johnson. He was working for George Soros before the meltdown, and claims they all saw it coming and steered clear of them.  True or

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March 11th, 2010 | Category: Derivatives Crisis, Economics, Politics | View Comments