I was reading the latest on the exploded bubble in investment banking
Of course the absurdity here with the 700 billion bail outs is that the very industry that profits off the debts of others is now bankrupt and being bailed out by federal/(quasi) public funds.
and I was also reminded of a really wonderful video on how debt is deeply rooted in the creation and functioning of money under capitalism: Money as Debt
thus we see this bubble/beast of unchecked greed is nothing new and cannot be fixed through light reform, but rather must be put to sleep.
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'this american life' made an interesting program on the housing/debt crisis. you should listen to it.
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