On anniversary, stock market closes at exact 9/11 level

Eerie coincidence or coded Wall Street tribute?
FDR famously said, “In politics, nothing happens by accident. If it happens, you can bet it was planned that way.

Whether or not that mantra extends to business, everyday life or the ‘free’ market is up for debate, and perhaps subject to one’s personal convictions. Continue reading

How the Scam Works: The “Free Market” at Work, Financial Style

Newspaper reports seem surprised at how high banks are bidding for the junk mortgages that Mr. Geithner is now bidding for, having mobilized the FDIC and Fed to transfer yet more public funds to the banks.

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