GFC origin: Debt Greed Hedging

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http://www.zerohedge.com/news/central-planning-update-theory-and-practice-you-are-here Submitted by Jeffrey Snider of Atlantic Capital Management

Central Planning Update (In Theory And Practice) - You Are Here

Au début, la spéculation a généré la crise. Désormais, la spéculation veut tirer profit de la crise. En attaquant aujourd'hui la Grèce, et demain d'autres pays peut-être, elle mord la main qui l'a tirée du naufrage.

Mettre la spéculation hors la loi | slate

http://www.slate.fr/story/17321/mettre-la-speculation-hors-la-loi

Debt: The first five thousand years - David Graeber

http://www.eurozine.com/articles/2009-08-20-graeber-en.html Throughout its 5000 year history, debt has always involved institutions – whether Mesopotamian sacred kingship, Mosaic jubilees, Sharia or Canon Law – that place controls on debt's potentially catastrophic social consequences.

Did a productivity slowdown cause the financial crisis? | vox -

http://www.voxeu.org/article/did-productivity-slowdown-cause-financial-crisis Most narratives of the crisis start with problems in the financial sector that then spilled over into the real economy. This column looks at the real side first and shows that labour productivity growth declined significantly in the years prior to the crisis, particularly in the US construction sector. Financial markets may have failed in that they didn’t detect the deterioration of structural productivity trends in the early 2000s. Discussions about the current crisis often present events in a sequence, such as that the US sub-prime crisis in August 2007 triggered a major inter-bank credit crisis, which transformed itself into a general credit crisis, the latter having an impact on the real economy and overall business and consumer confidence.
http://contreinfo.info/article.php3?id_article=2202

Sarkozy - Toulon

Reconnaissant que la crise « aura des conséquences dans les mois qui viennent sur la croissance, sur le chômage, sur le pouvoir d’achat, » Nicolas Sarkozy constate que « l’idée que les marchés ont toujours raison était une idée folle, » et juge que « le laissez-faire, c’est fini. » Mais attention : « la crise financière n’est pas la crise du capitalisme. » C’est la crise d’un système qui s’est éloigné de ses « valeurs les plus fondamentales ».
The curious paradox of Hedging & Regulation is a case for Common Decency http://www.theotherschoolofeconomics.org/?p=1036

The curious paradox of Hedging & Regulation is a case for Common