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corporate dominance | government

"False values" and "structural blackmail"

The creation of speculative bubbles creates false values, which lead to huge bonuses.
Financial executives make large bonuses and don't care about risk, know government will save them.
The financial crisis was triggered by falling housing prices.
The crisis was met with government bailouts but the "moral hazard" was not countered.

$5.4 billion was given by financial institutions in lobbying and campaign contributions.

The whole conventional wisdom is to blame: if y8ou let financial services alone, the economy will benefit.

If you deregulate, the financial markets eventually bubble. If you don't have regulations, there are no legal crimes, only moral crimes.

to hear James Crotty, professor at UMass Amherst, on www.therealnews.com, click on
 link to therealnews.com

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