This is Naked Capitalism fundraising week. 560 donors have already invested in our efforts to shed light on the dark and seamy corners of finance. Join us and participate via our Tip Jar or another credit card portal, WePay in the right column, or read about why we’re doing this fundraiser and other ways to donate, such as by check, on our kickoff post or one discussing our current target.
By Harry Shearer, satirist, author, filmmaker and host of Le Show
I don’t even remember now how I don’t even remember now how I first came upon Naked Capitalism. What I do know is that, in the welter of myth and theology that passes for the preponderance of public discussion of economic issues, this site has been a beacon of fact, empiricism and skeptical reporting. Yves and her cohorts have consistently been ahead of the curve on what I call the “new F-bomb”–foreclosure, and the whole mortgage-industrial complex that’s done so much to bring us the good times we’re enjoying now. Through Yves, I’ve also been introduced to the writing of Bill Black, who’s brought his experience in the S&L scandal to an understanding of the pervasiveness of fraud in finance, and Stephanie Kelton, who along with her colleagues is trying to break through the Pete Petersonization of the “adult conversation” we’re supposed to be having about debt and deficits.
I know Yves regularly cites the depth and quality of the comments on NC, but since I usually read the email version, I hadn’t experienced those attributes for myself until I read the responses to my article Preventing Another Sandy (ego makes people do strange things). Whether or not they agreed with my piece, the knowledge and lack of cant in those comments compare very favorably with comments sections on any other venue I’ve ever written for.
With so many former authority figures, from medical researchers to journalistic luminaries, having turned themselves into saleable commodities, NC has become first stop on my daily search for something resembling useful information. It’s not for sale, but it doesn’t happen for free. This is Naked Capitalism’s fund-raising week, and the insight and information it offers is worth paying for. At least I think so.