marcusharwell.net

Congressman Sherman (D-CA) was on CNBC to talk about the plan to tax AIG bonuses. He destroyed the weak attempts to paint him (and others in Congress) as anti-capitalist, and demonstrated, as did Jon Stewart with Jim Cramer, why CNBC is out of line to even attempt to defend its lack of reporting integrity.

Jonathan Jarvis, who studies Media Design at Art Center in Pasadena, created a video to break down the credit crisis for the layman (via Chexy). Also, last week’s This American Life was another fantastic show on the banking system and why things seem to be still melting down. Most basically, banks need to hang onto [...]

There were three things in succession that helped me understand most of what I now know about the economic meltdown that’s squeezing the bejeezus out of the markets and of us. Knowledge is usually a good thing, but it can be tricky when so few people know the root causes and effects of a given [...]