Bank insider speaks out: “The system is built to be gamed”An anonymous blogger claiming to be an executive at one of America’s 10 big banks has been airing his grievances on a new blog called The Fourtheenth Banker. HuffPo has an interview with the masked man.
Wall st
How Obama sold out
Barack Obama was going to be the man who stood up to the Wall St fat-cats, giving hope to hard-working, every-day Americans who had been burned by reckless bankers from the likes of Citigroup and Goldman Sachs, says Matt Taibbi. Then he got elected.
An inconvenient truth sobers thinking on weak state of US banking
Markets are not known for their consistency. Last night, the US market went up 148 points very quickly, then slid back into the red, only to close up 76 points.
Climate of greed: from Easter Island to Manhattan
The looming ecological crisis will make the current financial pain look trivial, writes Andrew Glikson.
Can everyone calm the fudge down about the economy?
Between a media anxious to play up the drama and self-interested representatives of the financial sector, you’d get the impression the only rational response to the crisis is unrestrained panic, writes Bernard Keane.
Morning Market Report
Marcus Padley reports on the highs and lows of today’s markets.
We’ll bail out Wall St, but let’s leave climate change to the market
President Bush and his supporters can find $700 billion to spend on a war of choice and Wall Street. Yet, when it comes to climate change there’s no option but to let market forces do their work, writes Jeff Sparrow.
Front page wrap: The Wall St meltdown
The world’s front pages have screamed panic as Wall Street continues to melt…
Media briefs: How Wall Street will hit ad spending …. A very indecent proposal
How Wall Street’s Black Sunday Will Affect Ad Spending … Citizen Journalism Success … YouTube’s a parasite … The man in the bushes … A very indecent proposal … Brisbane Broncos players named.
