James Crotty, UMass Amherst economics professor, discusses the recent financial collapse and why he believes it was caused by speculative bubbles based on “false values” and “structural blackmail” within huge financial firms. (The Real News Network, 1/10/10; Firedoglake.com, 1/11/10)
James Crotty, UMass Amherst economics professor was interviewed earlier this month by The Real News Network. Crotty discusses executive compensation in the finance sector and the role it has played in the current crisis.
January 8, 2010
The Real News Network
Executive compensation: “Heads I win tails you lose”