Sunday, September 21, 2008

More economic issues


DEAL WEEKEND
Stocks Post Biggest Two-Day Rally Since 1987...

PAPER: ALMOST ARMAGEDDON; MARKETS WERE 500 TRADES FROM A MELTDOWN...

'TO HELL AND BACK': Wall Street's old hands not rattled...

Paulson Bailout Plan a Historic Swindle
By William Greider

Financial-market wise guys, who had been seized with fear, are suddenly drunk with hope. They are rallying explosively because they think they have successfully stampeded Washington into accepting the Wall Street Journal solution to the crisis: dump it all on the taxpayers. Continue


What's Really Bankrupt
The Wall Street Model: Unintelligent Design

By PAM MARTENS

There is no sincere plan by this administration to help America or Americans. There is only a plan to slow the financial collapse until after the November elections by throwing a politically palatable amount of money at it and a plan to continue to blame it on a housing bust. Continue


Financial Bailout:
America's Own Kleptocracy

The largest transformation of America's Financial System since the Great Depression

By Michael Hudson

Nobody expected industrial capitalism to end up like this. Continue


The Dog Days Of September

By Gary Corseri

We can no longer claim to live in “the land of the free and the home of the brave.” There is nothing free here except the “free-market” our corporate bosses have foisteed on us and the rest of the world to open up foreign markets to our brand-name companies so that foreign workers can make products that “Americans” will buy at exorbitant prices. How did that happen? Hypnosis through the mass media that “Americans” were supposed to own—hypnosis through repetition, spectacle, diversion. Continue


Popular Scams of the Rich ansd Famous

By: Richard Backus

The federal government has been playing footsie with fascism for quite a long time, supported only by the inability of the general public to recognize it. Ecclesiastic appointments, corporate management, charity, "brain trust" ,foundations, university appointments, and even scholarship awards are controlled by political elites, with the consequent assurances that these appointees will play ball with the politicians and their “sponsors”. The Pols now essentially control everything under the direction of the rich and famous. Continue


In Hard Times, Tent Cities Rise Across the Country

By AP

Since foreclosure mess, homeless advocates report rise in encampments. Continue

Bush pushes $700bn bail-out plan: Bush justified the move on Saturday to use American taxpayer funds to buy out mortgage-related debt, describing it as "bold" but necessary.

Ron Paul warns of fall of dollar: "It's more of the same. More debt and more inflation and more pressure on the dollar. Ultimately, although the markets are responding very favorably at the moment, I think it is going to be devastating to the dollar and to our financial situation in this country," US News quoted the Texas congressman as saying

McCain Praised Banking Deregulation Earlier This Month: In a magazine article published earlier this month, John McCain not only claimed credit for the banking deregulation, but he hailed it as a model for what should be done with health care

U.S. regulators close W. Va bank; 12th to fail: Regulators closed on Friday Ameribank Inc, which became the 12th bank failure this year as the struggling economy and falling home prices take their toll on financial institutions.

15 Things You Need to Know About the Panic of 2008: A crash course in why it happened, how it's strangling the nation's finances and how it might work itself out.

One Of The Great Vortexes Of History

The Unknown Trillion Dollar Company

Paulson, Financial Terrorist - Trillions Of Your $ Stolen

Calling Out The Culprits Who Caused The Crisis

Crash - No One Understands Who Owes What To Whom

Execute

Panic...Consolidate...Game Over

The Final Destruction Of The Middle Class

Dave Lindorff - Hang On To Your Wallets

Financial Terrorism Backfires On US, UK

The Party's Over - Pat Buchanan

Paulson's Plan Could Cost US Taxpayers $1 Trillion

Current List Of Failed Banks

Wall St Dumps Mtge Corruption Onto Taxpayers

US Debt Downgrade = Treasurys Default = Game Over

Gold Forecast Target $2,500 And Silver $250

Systemic Failure Of The United States - Game Over

Why Did Fed Provide $180B To Overseas Banks?

Citigroup Pros Ask Why Isn't Gold Already At $2K?



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