The Quicksand Economy: Feeding the status quo

April 23, 2009

(Counterpunch) When Treasury Secretary Timothy Geithner spoke to the Economic Club in Washington yesterday and said the United States bears a substantial share of responsibility for a global economic crisis and its multi-trillion dollar costs, he might have pointedly singled out the epicenter of the housing market crash– the state of Florida– where the absence of regulations governing financial derivatives matched laws designed to fail: in particular, regulations protecting the public from the excesses of suburban sprawl. Read the rest of this entry »

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