Tag: GFC

Australian Politics

Wayne Swan on retirement, Abbott, Turnbull and right-wing radicalisation

[Former PM] Tony Abbott and a group of extreme right-wing thugs conducted one of the most vicious and destructive scare campaigns in modern history on deficit and debt — which has since doubled and even tripled, in some years … And they have been aided by the Murdoch press, which has acted as a cheer squad and echo chamber.

via Wayne Swan on retirement, Abbott, Turnbull and right-wing radicalisation

Capitalism

Did we blame the wrong villain for the 2008 financial crisis? Perhaps the real culprit is capitalism itself – Salon.com

Experts obviously point fingers at Wall Street for the collapse, but some things just don’t add up

Source: Did we blame the wrong villain for the 2008 financial crisis? Perhaps the real culprit is capitalism itself – Salon.com

Banks

‘Vampire squid’ bank Goldman Sachs escapes with token fine for causing GFC

Goldman Sachs has agreed to pay a $5.1 billion to settle a U.S. probe into allegations that it misled mortgage bond investors during the GFC.

Source: ‘Vampire squid’ bank Goldman Sachs escapes with token fine for causing GFC