Browsing All posts tagged under »financial crisis«

When you combine ignorance and leverage, you get some pretty interesting results – Warren Buffet

September 23, 2010 by


Policymakers around the globe are still wondering how to reform the banking sector, instead of more worthless regulatory schemes, we now have the answer: Limited Purpose Banking as presented by Dr. Larry Kotlikoff in his book Jimmy Stewart is Dead: Ending the World’s Ongoing Financial Plague with Limited Purpose Banking.  Dr Larry Kotlikoff and Orphe Divounguy […]

The European masses now understand the dangers of bailouts but will politicians listen?

May 12, 2010 by


Written By Orphe Pierre Divounguy The European masses are now showing their discontent with financial bailouts but will politicians finally listen?  The German people are turning away from Chancellor Merkel ruling party, the Irish people attempt to storm their parliament, and the British ousted the labor party Prime Minister.  Europeans are finally saying enough with bad governance, enough […]

Bailouts in a free market economy only postpone Doom’s day!

April 30, 2010 by


The worst thing that could happen for Greece is a bailout without radical fiscal adjustments. Bailouts also set bad precedents. Unless we rein in on government spending and find ways to slash government debt, financial doom is slowly approaching!

Former Senior Economist on the President’s Council of Economic Advisors: Laurence Kotlikoff has a plan for banking reform!

April 28, 2010 by


On Tuesday April 27th, I attended a seminar at the Carnegie Endowment for International Peace in Washington DC.  The event was a presentation of prominent economist Laurence Kotlikoff’s new book in which he makes a case for radical banking reform.  The book received praise from 5 Nobel Laureates in Economics: “Jimmy Stewart Is Dead is a […]

SEC vs. Goldman Sachs: what does it mean for the economy and the American middle class?

April 27, 2010 by


Politically driven or not, the US government couldn’t have picked a worst time to bring accusations against Goldman.  Has anyone stopped to think that if in fact we are at the beginning of a recovery from the worst recession since the Great Depression, this assault on Goldman will hurt and slow down our economic recovery?  What […]

Should a majority pay for the sins of an elite few? The costs of regulation

April 19, 2010 by


By Orphe P. Divounguy News headlines: The Securities and Exchange Commission accused Goldman Sachs of “defrauding” investors. Certainly betting against a financial product that you sell to your clients may be considered morally wrong. The financial sector needs more corporate responsibility but is regulation the answer? Allow me to point out that these “defrauded” investors […]