Europe's largest oil producer is effectively admitting the oil game is over and promises to divest from the industry – but it wants to play to the final whistle. Can it have it both ways?
collateralized debt obligations
In today's bailout economy, bad bank loans are shifted onto the public balance sheet as wealth is siphoned off to the top of the economic pyramid.
"When I saw that fraudulent paperwork was being filed in order for Wells Fargo to expedite a foreclosure against our property, I knew then that the courts were failing our society."
The elements of the next crisis are being put in place at this very moment by some of the same people and institutions that brought us the last one. In the meantime, we've seen no reckoning, no apologies and no serious changes to the laws.