In 1999, President Bill Clinton signed the Gramm-Leach-Bliley Act, effectively repealing some of the strongest protections against financial meltdown our legislature had ever created.
The 1933 Glass-Steagall Act was a response to the stock market crash of 1929 and the ensuing Great Depression, and it accomplished two very important things. The first was the establishment of [...]
Wanted for Economicide
March 24, 2009
Thank You, Mr. Bush
March 13, 2009
When it was written in 1977, the musical “Annie” contained a song called “We’d Like to Thank You (Mr. Hoover),” but those who’ve been in the theatre in the last 8 years or so probably haven’t heard it. Much like you probably haven’t heard much about the Boulder Dam, but you probably know about the [...]
The Real Dow Jones
March 9, 2009
If you’re like me, you’ve been paying a lot more attention to the Dow Jones Industrial Average since October, looking at long term trends, fluctuations in the market and the effects of events in history, especially the Great Depression.
While there are limitations to an index based on such a small number of companies, the Dow [...]