It is not uncommon nowadays to hear some people talk very cynically about “banksters”, with the obvious implication that banks and those who run them are merely corrupt, even criminal, profiteers. Throw in terms like “predatory lending” and add stories of exorbitant fees, home & farm foreclosures, fraud and exploitation, and it’s a wonder anyone […]
This is sure to come up in the elections, especially by Hillary and Bernie, so listen up…. I always thought that “trickle down” economics was a snarky reference to some aspect of Reaganomics. Turns out, I was only half right. While prepping this post, I discovered that Ronald Reagan’s disillusioned budget director, David Stockman, later […]