NYT’s Fake News about Fake News

The mushing together of “fake news” and what the Times describes as “anti-European Union propaganda” is insidious. The first relates to consciously fabricated stories; the second involves criticism of a political institution, the E.U,, which is viewed by many Europeans as elitist, remote and disdainful of the needs, interests and attitudes of average citizens.… Read More NYT’s Fake News about Fake News

Forgotten History: How Goldman Sachs Helped Greece Destroy Itself

As Greece and the eurozone prepare for the worst (again), Goldman Sachs’ role in the country’s downfall has been largely forgotten, as is the much ignored fact that ECB President Mario Draghi was Vice Chairman and Managing Director at Goldman Sachs International between 2002 and 2005, the period immediately after the infamous swap arrangements were executed for the Greek government. .… Read More Forgotten History: How Goldman Sachs Helped Greece Destroy Itself

Mafiosi Bankers: What the HBOS Fraud Tells Us About the State of British Banking

The bankers in question took a leaf out of Martin Scorsese’s classic movie, Goodfellas, in which Ray Liotta’s Henry Hill and Paul Sorvino’s Paul “Paulie” Cicero take over a night club, the Bamboo Lounge, then loot it, abuse the owner’s credit and run it into the ground. Once the owner, Sonny, is unable to pay them anymore, they torch it for the insurance money. … Read More Mafiosi Bankers: What the HBOS Fraud Tells Us About the State of British Banking