Daily Archives: October 31, 2012

Sectoral Balances within the Domestic Non-Government

Posted on October 31, 2012 by Devin Smith | 32 comments

By Paul Meli

There are many important laws that determine the behavior of various systems within the Universe but as far as economics is concerned, none is more important than the concept of a closed system.

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Posted in Guest Blogger

Tagged closed systems, sectoral balances

Why are there no famous financial whistleblowers in this crisis?

Posted on October 31, 2012 by Devin Smith | 6 comments

By William K. Black

This column discusses one of the more subtle issues raised by the Department of Justice’s (DOJ’s) civil fraud action against Bank of America (B of A). The issue was so subtle that of the three articles about the lawsuit that I choose to review the night after the suit was filed, only the NYT article mentioned one of the most important aspects of the suit – the key role that the whistleblower played in making the action possible. The AP and the WSJ articles ignored the fact.

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