On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read Post #1
Gretchen Morgenson notes Banks are dumping their worthless residential loans, including home equity loans, on taxpayers via Fannie Mac and Freddie Mae.
Taxpayers are the ones holding the bag when institutions try to avoid losses by refusing to buy back problem loans they have sold to Fannie Mae and Freddie Mac, the mortgage finance giants that are wards of the state.
Must Read Post #2
Angry Bear wryly comments on the G20 new momentum to reduce deficits is all about Market Concerns:
Finance ministers from the world’s leading economies ripped up their support for fiscal stimulus on Saturday, recognising that financial market concerns over sovereign debt had forced a much greater focus on deficit reduction.
Must Read Post #3
Paul Krugman bemoans the obviously coming Lost Decade, due to G20's focus on debt. Maybe the lost decade has more to do with bailing out mega banks and ignoring the U.S. middle class and real economy.
Must Read Post #4
Naked Capitalism has a good overview post on the games BP plays to avoid liability and how the Obama administration is complicit. Realize placing gag orders on workers, and worse, through contract law is par for the course for all corporations. So is double speak and trying to deny the real damage in order to reduce their liability costs. BP is simply bad guy du jour, but this double speak is standard fare, and why you see large sociopathic public relations divisions, a plastering of ads which have no connect to actual reality as well as hordes of blood sucking corporate lawyers.
Must Read Post #5
Robert Reich has jumped onto the double dip recession prediction bus and this site notes the total government spending was negated by the massive spending cuts at the state and local levels. Regardless, policy makers did not focus on the middle class, direct jobs and the real economy so none of these latest dire predictions are new to readers of this site.