Category Archives: MN Gordon
Merry Christmas Eddie Lampert!
The takeaway from all this is that Eddie Lampert and Stephen Freidheim know all the secret handshakes and fraternal chants of Wall Street’s highest order. They’ve come up through the ranks together. They’ve done business together for decades. Continue reading
How Faux Capitalism Works in America
The 2008 financial crisis helped clarify how faux capitalism works in America. That when the big corporations and the big banks get in trouble, the people on top quickly absolve culpability while appropriating public funds from their friends at the Treasury for the purpose of private bailouts. This, in effect, socializes the losses across bottom rungs of society and concentrates profits across the top. Continue reading
Paper Lanterns
Still, it doesn’t take much snooping around to uncover what’s really going on. For cracks in the economy’s foundation are transforming from minor hairline fissures to full blown surface fractures at about double the rate that Imperial Valley mud volcanoes … Continue reading
The Zealous Pursuit of State Sponsored Wealth Destruction
The lifecycle of capital follows a wide-ranging succession. It is imagined, produced, consumed, and destroyed. How exactly this all takes place involves varying and infinite undulations. One generation may produce wealth. While the next generation burns through it. Various facets … Continue reading
