May 3, 2017

Redefining The Middle Class: It Isn't What You Earn & Owe, It's What You Own That Matters

Redefining The Middle Class: It Isn’t What You Earn & Owe, It’s What You Own That Matters Authored by Charles Hugh-Smith via OfTwoMinds blog, No wonder the “middle class” has lost political power – it has lost the economic power of the ownership of productive assets. Longtime correspondent Mark G. observed that the key phrase …

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RollingStone's Matt Taibbi: Man Trump Named to Fix Mortgage Markets Figured in Infamous Financial Crisis Episode

Former Morgan Stanley banker once dumped “shitbag” CDOs on clients Craig S. Phillips, a former top executive on Morgan Stanley’s trading desk, is the man Donald Trump put in charge of reviewing Wall Street rules. Stefan Falke/laif/Redux By Matt Taibbi In early 2007, a group of Morgan Stanley bankers bundled a group of subprime mortgage …

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