It is not exactly newsworthy that some people blame Goldman Sachs for some pretty silly things. The initial hit-piece on Goldman Sachs came in a trendy rock n' roll magazine, of all places. I have defended Goldman Sachs before, and believe this reply to the aforementioned nonsense in Rolling Stone covers a lot of the same ground I would cover now (though my own conviction level in the defense of Goldman is even higher now than it was then). So when a very talented financial journalist who … [Read more...]
Hank Paulson, TARP, and an Economy on the Brink
March 8, 2010 By
Many of my readers know that I am: (a) Reading every single book that comes out on the economic crisis of 2008, and (b) Reviewing every single credible book that comes out about the crisis of 2008, and (c) Writing my own book about the economic crisis of 2008 - one that I want to be a truly thoughtful and credible synopsis of what really, intrinsically, fundamentally caused the crisis. I have read so many books at this point that many go in one ear and out the other. However, a handful of … [Read more...]
It’s Not as Bad as You Think
February 28, 2010 By
My ongoing series reviewing the major books written on the economic crisis of 2008 has hit an important stride. Some pivotal books on the subject have been released, or are nearing release, and I think more of the mechanical causes of the crisis are finally being discussed. Former Treasury Secretary, Hank Paulson, has written On the Brink, and I will have the book completed and reviewed in the next day or two. Michael Lewis, the most highly acclaimed writer to address this topic so far, … [Read more...]
