Monday, July 25, 2011

YET ANOTHER ECONOMIST ASSERTS THAT THE DEBT CEILING "CRISIS" IS A CONTRIVED COVER FOR ROBBING AMERICANS OF THEIR SOCIAL SAFETY NET.


  theREALnews

July 25, 2011

Debt Ceiling Extortion

Yves Smith: The finance sector used extortion against the American people in 2007-09 and are doing it again now

More at The Real News

Bio

Yves Smith has written the popular and trenchant financial blog "Naked Capitalism" since 2006. Yves has spent more than 25 years in the financial services industry and currently heads Aurora Advisors, a New York-based management consulting firm specializing in corporate finance advisory and financial services. Prior experience includes Goldman Sachs (in corporate finance), McKinsey & Co., and Sumitomo Bank (as head of mergers and acquisitions). Yves has written for publications in the United States and Australia, including The New York Times, The Christian Science Monitor, Slate, The Conference Board Review, Institutional Investor, The Daily Deal and the Australian Financial Review. Yves is a graduate of Harvard College and Harvard Business School.

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