Built on a foundation of debt and trickery, where economic principles were sacrificed to romantic political visions, the Euro has become the world’s most dangerous currency. How the utopian dream of a common currency turned tragic.
Tag: Financial Crash
When Carmen Segarra was hired to examine Goldman Sachs for the New York Fed, she bought a small recorder and began taping her meetings. Here is what she found before she was fired.
Listen to the radio version of this story from This American Life.
On the urge to live in a house you can't afford, the "acceptable lust" of American life.
How a disgraced principal-turned real estate mogul helped cause the global financial crisis.
When there are too few jobs for an entire generation.
On the dangerous state of U.K. banks—“an existential threat to British democracy, a more serious one than terrorism, either external or internal”—and how it can be fixed.
In Cyprus with those who lost big by simply depositing their savings with Laiki.
Libor, ISDAfix, and how the big banks do business.
The economics of Woonsocket, where one-third of residents rely on the Supplemental Nutrition Assistance Program.
Profiles of people who live in their car after losing almost everything during the Great Recession.
How an obscure Australian judge and a hard-charging lawyer put the S&P on trial for the global financial collapse.