Mortgage Settlement Plan is More Bank Bailout

Guest Author: Yves Smith, author of the best seller “Econned” and founder of the widely read blog Naked Capitalism, where this article first appeared with the title:  Quelle Surprise! Taxpayers Will Be Paying for Part of Mortgage Settlement The whole purpose of a settlement is that a party pays damages to rid themselves of liability, …

Some Modest Proposals for Reforming the U.S. Financial and Tax System

by Guest Author Michael Hudson

On November 3, 2011, Alan Minsky interviewed me on KPFK’s program, “Building a Powerful Movement in the United States” in preparation for an Occupy L.A. teach-in. To clarify my points I have edited and expanded my answers from the interview transcript.