27 October 2009

Wall Street on the Tundra

The author explores the nature of Iceland and its financial crisis through the nation’s alpha male fisher attitudes, dangerous optimism, over-educated arrogance and… belief in elves. I laughed repeatedly.

18 October 2009

Wall Street’s Naked Swindle

“We’re in a place we haven’t been since the Depression: Our economy is so completely fucked, the rich are running out of things to steal.”

In his article, Matt Taibbi explains, in great detail, how naked short selling has been used to manipulate the markets into killing investment banks. Unless you’re already an expert on how the stock market works, start by watching this accompanying short explanation of short selling.

Based on a pattern of linkage deserving articles in Rolling Stone, I’ll try to follow Taibbi‘s writings carefully in the future.

[via:Thomas N.]

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