Everyone who has known, or even just sensed, that the same economy which determines whether or not we get a new iPad or just food on the table or an eviction notice for unpaid rent (or my personal favorite, thousands of dollars of medical costs on a credit card to pay off) is actually based on a whole lot of behind-the-scenes shell games is, of course, totally correct.
Yes, your life and mine are routinely gambled with by our good friends The Masters of the Universe.
Here's a good description of some of the mortgage shenanigans -- just for some light reading! Put on your detective hat to follow these trails of fraud and other low-ethics kinds of dubious financial practice.
Shocking Fraud from Financial Scum
Saving for the machines
-
From Jesús Fernández-Villaverde: When machines can perform a growing share
of tasks, growth depends on two margins: how the task structure affects the
re...
3 hours ago
