Capitalism 2.0: Intellectual Laziness

Here’s another interesting discourse from John Galt’s speech which is a good lens through which to examine several of our recently discovered “bugs” in capitalism: sub-prime lending and borrowing, Madoff’s scam, etc.

Sunpower Seems Unreasonably Slaughtered

Sunpower’s (SPWR) Q4 stock performance has been scary as the company’s stock reached heights of $160/share in intraday trading and then plummeted on general market madness and company outlook to $73/share recently. It is worth looking at the company to see what has been going on.

House of Cards

CBS has an excellent segment on the sub-prime housing crisis in the US that is driving us into a recession: House of Cards. Citibank departing CEO Chuck Prince walked out with $29 Million and Merill Lynch CEO Stan O’Neal walked out with $160 Million after losing billions for their respective companies. Capitalism gone awry, indeed!

Subprime – Enough Already

By Frank Lara, Guest Author We all saw this coming, the warning signs where there, and yet, subprime lenders kept doing what they do best – lending money to people who can’t afford to pay it back in the first place. How could these institutions think that the good times would never end? What planet

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