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S.J. Kerrigan

Tag Archives: Banks

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Four Wednesdays in January

By S.J. Kerrigan | Published: January 29, 2021

In 2012, a man named Peter Turchin predicted that by 2020 the US would reach “peak instability” marked by violent unrest and major social upheaval. Turchin is one of those “cycle guys.” That means he looks for patterns in history to help predict the future. He’s an ecologist, evolutionary biologist, and mathematician at the University […]

Posted in News | Also tagged OWS, Regulation, Social Criticism | Leave a comment

Wall Street Journal to America: It’s Your Fault The Economy Sucks

By S.J. Kerrigan | Published: June 2, 2015

In today’s online version of the paper, WSJ writer Jon Hilsenrath blames you for the poor “recovery.” Here’s a brief excerpt of the story headlined “A Letter to Stingy American Consumers,” edited only for brevity: Dear American Consumer, This is The Wall Street Journal. We’re writing to ask if something is bothering you. The sun shined […]

Posted in News | Also tagged Economic Theory, Media, Regulation | Leave a comment

Seven Reasons Bernanke’s Failure to Taper Portends Doom

By S.J. Kerrigan | Published: September 19, 2013

Yesterday, Federal Reserve Chairman Ben Bernanke announced that the government would not slow its bond purchasing (money printing) because the economy had not yet improved sufficiently. The magnitude of this decision is still being absorbed, but may have negative effects on the entire world in the coming years. How exactly? This might be a bit […]

Posted in Opinion | Also tagged Financial Crisis, Inflation | 1 Response

US, UK, and Canada Have Plan To Allow Banks to Seize Depositor Accounts

By S.J. Kerrigan | Published: April 4, 2013

In our last story, we noted how government backed loans in the housing market encourages rising home and rent prices throughout the nation, a transfer of wealth from almost every single American to various establishment organizations. Now we have another example of banks transferring risk to the taxpayer. The term “Too Big To Fail” should […]

Posted in News | Also tagged European Debt Crisis, Financial Crisis | 1 Response

Government Pushes For a New Housing Bubble; Backs Subprime Loans With Taxpayer Dollars

By S.J. Kerrigan | Published: April 4, 2013

The divide between what the majority of people want verses what the establishment wants is never greater than it is when discussing property values. Those who have assets want them to rise in price, while the poor and those just starting out want lower prices they can afford. Of course, they have no political power. […]

Posted in Opinion | Also tagged Financial Crisis | Leave a comment

Libor Humor

By S.J. Kerrigan | Published: July 18, 2012

Courtesy of comedians John Oliver and Andy Zaltzman, some comedic commentary on the Libor scandal. Accurate and humorous, they state: “I cannot afford my brain to be distracted for a second by the lingering suspicion that our entire society is based on greed fueled financial trickery and economic larceny on a mathematically unfathomable scale.” That’s it, […]

Posted in Art, Parody, Humor, Videos | Also tagged Libor | Leave a comment

David Stockman: We Will Suffer One Crisis After Another

By S.J. Kerrigan | Published: July 16, 2012

We hear a lot these days that due to high levels of sovereign and private debt, we will be unable to avoid a massive financial collapse, reshaping the world as we know it. Usually, proponents argue the collapse will happen quickly, bringing about a short term political vacuum and by necessity, a new economic model. Odd as […]

Posted in Opinion, Videos | Also tagged David Stockman, Financial Crisis | Leave a comment

Justice In America is a Farce

By S.J. Kerrigan | Published: June 18, 2012

Finally, our long national nightmare is over. The government brought charges, submitted its case to the people, and the people decided. Baseball player Roger Clemens has been acquitted of perjury for allegedly lying to congress when asked about using performance enhancing drugs. Of course, no amount of press fanfare should be spared for such a […]

Posted in Opinion | Also tagged Justice System, Law Enforcement, Social Criticism | Leave a comment

Tyranny Engulfs Europe: Neo-liberalism in Greece and Spain

By S.J. Kerrigan | Published: April 17, 2012

When I was a child, friends and I would waste time on the railroad tracks behind my house. The funny thing about industrial trains is that you’d think the massive hulk of steal and engine would be audible from a mile away and yet we continued to find ourselves surprised at how silently it approached. […]

Posted in Opinion | Also tagged European Debt Crisis, Greece, Privatization, Spain | Leave a comment

What Experts Say About the JOBS Act

By S.J. Kerrigan | Published: April 10, 2012

The Jumpstart Our Business Startups Act or JOBS Act was passed last Thursday to no great fanfair, but we wonder if it may yet go down in history alongside Gramm-Leach-Bliley as a law which helped set the stage for  ‘pump and dump‘ bubble schemes and financial fraud. To put it another way, its a bad law, one […]

Posted in News | Also tagged Financial Crisis, Justice System, Law Enforcement, Regulation, Unemployment | Leave a comment
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