Friday, May 27, 2011

Green Day 21st Century Breakdown With Lyrics



I DO NOT OWN THIS SONG OR THE LYRICS GREEN DAY DOES!!!!!! ~*~*~*~*~*~*~!!!!!!!!!!!!!!!!!!!LYRICS!!!!!!!!!!!!!!!!!!!!!~*~*~*~*~*~*~ Born into Nixon, I was raised in hell A welfare child where the teamsters dwelled The last one born, the first one to run My town was blind by refinery sun. My generation is zero I never made it as a working class hero 21st century breakdown I once was lost but never was found I think I'm losing what's left of my mind to the 20th century deadline I was made of poison and blood Condemnation is what I understood From Mexico to the Berlin Wall Homeland security could kill us all My generation is zero I never made it as a working class hero 21st century breakdown I once was lost but never was found I think I'm losing what's left of my mind to the 20th century deadline We are the cries of the class of '13 born in the era of humility we are the desperate in the decline raised by the bastards of 1969 My name is 'no one' your long lost son Born on the 4th of July raised in the bygones of heroes and cons left me for dead or alive There is a war that's inside my head that questions the results and lies I'm breaking my back till I'm better off dead When enough ain't enough to survive I am an engine, a worker, a pawn my debt to the status quo the scars on my hands and a means to an end it's all that I have to show I'm taking a loan on my sanity for the redemption of my soul well I am exempt from this tragedy and the 21st century fall Praise, Liberty the ...


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David Malone golemxiv-credo.blogspot.com author of The Debt Generation, http questions the idea that throughout the financial crisis the banks and other financial institutions were simply suffering from a temporary liquidity crisis. He argues that in fact almost all the major banks were actually insolvent, their "assets" such as mortgage backed securities and credit default swaps no longer worth the paper they were written on. That, he says, is what really explains the credit crunch. This is part of a talk given by David Malone in Lancaster on November 24th 2010 at a public meeting organised by North Lancashire Green Party

Wednesday, May 25, 2011

1. Why Finance?



Financial Theory (ECON 251) This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from economics, and of my growing interest in the field and in Wall Street. A cornerstone of standard financial theory is the efficient markets hypothesis, but that has been discredited by the financial crisis of 2007-09. This lecture describes the kinds of questions standard financial theory nevertheless answers well. It also introduces the leverage cycle as a critique of standard financial theory and as an explanation of the crisis. The lecture ends with a class experiment illustrating a situation in which the efficient markets hypothesis works surprisingly well. Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Fall 2009.