Wednesday, September 24, 2008


BAILOUT DEAL IN DOUBT

WIRE: FBI probing FANNIE MAE, FREDDIE MAC, LEHMAN BROTHERS and AIG...



Stocks Drop in Worst Two-Day Decline Since 2002...

FDIC plans significant bank premium increase; 'banking sector holding up'...

Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...
WASHINGTON MUTUAL suitors line up for talks...
Vegas hit by downturn...

The Mugging of America

By Jim Quinnby Jim Quinn

The United States has taken actions that will change our country forever. They have taken these actions without citizens voting or Congress passing any laws debated upon in public view. These actions have taken place behind closed doors and in conjunction with the bank CEOs who caused the problems. Continue


Now Is the Time to Resist Wall Street's Shock Doctrine

By Naomi Klein

The best summary of how the right plans to use the economic crisis to push through their policy wish list comes from Former Republican House Speaker Newt Gingrich. On Sunday.
Continue


Thank You, Ladies and Gentlemen
Satire

By Richard C. Cook

After intense deliberation, and with the help of thousands of highly paid economists, accountants, and other professionals on their staffs, these three high officials of our leading financial agencies have devised a plan that is breathtaking in its simplicity, broad in its scope, and non-partisan in its appeal to our worthy representatives in Congress. Congress

PAUL KRUGMAN: Cash for Trash: Some skeptics are calling Henry Paulson’s $700 billion rescue plan for the U.S. financial system “cash for trash.” Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use of Military Force, the infamous bill that gave the Bush administration the green light to invade Iraq.

US dollar set to be major casualty of Hank Paulson's bailout: “This may prove to be the dollar’s epochal moment – the moment historians look back at as its major turning point.”

Clients move assets worth $6b from Citi, UBS to Deutsche: The crisis of confidence triggered by the subprime mortgage meltdown has adversely hit Citi and UBS' wealth management businesses across the Asia-Pacific region, resulting in a movement of client assets of $6 billion to rival Deutsche Bank.

Germany Won't Join U.S. Program; Merkel Slams Past Reticence: Germany won't join the U.S. bank- rescue program, Finance Minister Peer Steinbrueck said, after Chancellor Angela Merkel noted that German proposals to bolster market transparency might have mitigated the need for such measures.

Paulson's former firm to be among largest beneficiaries of bailout: bank: It certainly pays to be Treasury Secretary if your former firm is a brokerage house, a new study says.

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of Paulson’s Bailout: Paulson has surrounded himself with former Goldman executives as he tries to navigate the domino-like collapse of several parts of the global financial market.

Millions spend half of income on housing: Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents.

Bailout Is Financial Equivalent Of Patriot Act

Ron Paul On Financial Crisis - Vid

Fannie Obama & Freddie Rezko

Paulson's $700B A LIE, It's $5 TRILLION - STOP THE BAILOUT

Bad Debt Bailout Privately Estimated - $6 Trillion

Open Letter To Sarah Palin

US Dropped To Third World Status

Paulson To Morph Toxic Banks Into Toxic Dollars

How US Congress Intends To Waste $1.8 Trillion

Mushroom Cloud Over Wall St - Constitution Burns

Fury At $2.5B Bonus For Lehman's New York Staff

Fears Emerge Over $700B 'Rescue'

McCain Criticizes Treasury Bail Out Powers

Merkel To US, UK - 'I Told You So'





No comments:

11-16-2024

President Trump has decided to withdraw the USA from the World Health Organisation and the Pandemic Preparedness Treaty, criticising them as...