Back in the U.S.S.R.: The secret Paulson-Goldman meeting | Blogs | Reuters

ThisUSSR Hank meeting took place between Hank Paulson, then Treasury Secretary and the Board of Goldman Sachs, in Moscow, in secret. This was two months before the collapse and subsequent bailout.

Goldman Sachs was a hugely powerful for-profit investment bank, and there he is, giving private chapter and verse on his opinions about the US and global economy, talking about internal Treasury matters, and previewing an upcoming (and surely market-moving) speech. All in secret, at a “social event” which somehow got kept off his official calendar.

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Slipping off the Grid, or, How to Start A Revolution Without Even Trying | Peter Mehit

The sixth person we know personally is about to lose their home. We know a lot of small business owners and they are being crushed out of existence between unmanageable debt and evaporating customers. How far they will go down, since the number of jobs employing their college educated skills is trending to zero, we do not know, but they are no longer property owners. This is bad for all of us.
Continue reading “Slipping off the Grid, or, How to Start A Revolution Without Even Trying | Peter Mehit”