Finance



Will unregulated, debt-based financial products destroy the world? Bloomberg reports that the funneling of capital into instruments of so-called “shadow banking” continues to balloon to unimaginably large proportions: The shadow banking industry…


Via the Nation, David Graeber on rebellion against indebtedness: The rise of [Occupy Wall Street] allowed us to start seeing the system for what it is: an enormous engine of debt extraction….


The U.K.-based Spinwatch has created an eight-minute film on the “private conversations” between government and the banking industry, and the industry’s use of lobbying and public relations to attempt to shape consensus reality in the wake of the financial crisis:

‘What The Bankers Did Next…’ takes a look at the government’s close relationship with the finance industry, some of the key players involved, and their efforts to manage public opinion and shut down debate.









As scandal surrounding the Vatican Bank grows and grows, Der Spiegel looks back at the its recent history of extreme sketchiness: Whereas Benedict XVI and his predecessors have preached humility and ethical…









Confused about what has unfolded since 2008? The sublime absurdity of bank bailouts and what we have(n’t) gotten in return, laid out in adorable animated form: