Tag: investment banks

“Africa shining” is just as potent a mirage as “India shining”; the shine is restricted to the economic and political elite on both sides of the Indian Ocean. African leaders – both elected politicians and traditional chiefs share the responsibility for allowing the pillage of their continent in the name of economic growth and development.

At the close of 2008 and throughout 2009, Americans watched our federal government reward the reckless multinational financial sector with trillions of dollars for causing the worst hardship since the Great Depression. San Franciscans and Californians joined in the agony but few understood that both San Francisco and California have come up with their own bailout for one of the major players in the meltdown, the South Florida based Lennar Corp.