WELLS FARGO Chief Blames TARP for Payout Cut, Calls Stress Test 'Asinine'...
REWARDING FAILURE...
AIG Faces Pressure From Obama, Subpoena From Cuomo Over Employee Bonuses...
SENATOR ON AIG EXECS: QUIT OR COMMIT SUICIDE...
Stocks Erase Rally Over Credit Concerns...
The TALF
Bernanke's Witness Protection Program
By Mike Whitney
The TALF and the "Public-Private Partnership" are another slap in the face of the international community. They violate the spirit and the letter of the G-20 communique. It will be interesting to see if foreign holders of US Treasurys endure this latest insult in silence or if there's a sudden stampede for the exits. There's a sense that the world is getting fed up with the Fed's financial chicanery and would like to chart a different course. Enough is enough. Continue
The Financial Sector: "A House Burning Down"
Ben Bernanke’s False Analogy
By Prof. Michael Hudson
The bottom line is that the American public is being fed a carefully crafted mythology (no doubt "market tested" on "response groups" to see which images fly best) to mislead the American public into misunderstanding the nature of today’s financial problem – to mislead it in such a way that today’s policies will make sense and gain voter support. Continue
“Capitalism’s Self-Inflicted Apocalypse”
By Michael Parenti
The free market does not work. It’s not free. It’s not really a market; it’s a plunder. And it has to be done away with. Continue
How The World Pimps America
How the US is shifting the financial crisis onto the rest of the world
By Pepe Escobar
The US Treasury will borrow no less than one trillion dollars from the developing world in 2009. It will need even more in 2010. Pepe Escobar argues the US is indeed in a privileged position: not only it unleashes a global financial crisis, it then sucks up money from all over the world, based on the fact that the US in fact remains the "manager" of choice of global capitalism. Continue
The Sanctity of AIG's Contracts
By Glenn Greenwald
The Obama administration's claim that nothing could be done about the AIG bonuses because AIG has solid, sacred contractual commitments to pay them is, for so many reasons, absurd on its face. Continue
Air passenger numbers drop for first time in 17 years: Britain's airports were hit by recession and high fuel prices last year, with 4.6 million fewer people taking to the air, the first passenger decline in 17 years.
IMF poised to print billions of dollars in 'global quantitative easing': The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis.
Outrage against AIG set to mount: Outrage against American International Group (AIG) is set to grow after the ailing insurance giant said that more than half the taxpayer bailout money it has received has been paid to investment firm Goldman Sachs and several European banks.
Citigroup CEO awarded $10.8 million: Citigroup Inc awarded Chief Executive Vikram Pandit $10.82 million of compensation in 2008, a year when the government propped up the bank with $45 billion of capital.
Industrial production down for fourth straight month: Output declines 1.4%, more than forecast
America’s Youngest Outcasts: One in 50 U.S. Children Is Homeless Each Year: New Report Ranks 50 States From Best To Worst
Seven Avoidance Indicators
By Ralph Nader
If the Obamites do not act now when the political time is ripest, to put into motion forces of deterrence and prevention, the casino capitalists of tomorrow will again be able to de-stabilize our economy. Continue
Obama's Economic Saviour Savaged as Keating Lets Rip
By Peter Hartcher
In sum, Tim Geithner is a gigantic fool, the IMF the gun that can't shoot straight, Alan Greenspan a bungler. The big US banks were run by the greedy and the hopeless, the Australian banks by counterhopping clerks. It's a world of many villains. And only one hero. Continue
Dollar Crisis In The Making
Before the stampede
By W Joseph Stroupe
Increasingly ominous clouds are gathering in what could soon be the perfect storm against the United States dollar and against the present dollar-centric global financial order. Continue
The US Is Facing a Weimar Moment
By Robert Freeman
The devastating collapse of the economy after eight years of Republican rule has left the leadership, policies, and ideology of the right utterly discredited. But, as was the case with Germany in 1919, Republicans do not intend to allow the new government to succeed. They will do everything they can to undermine it. If they are successful, the U.S. may yet go the way of Weimar Germany. Continue
Completed Foreclosures Hit New High In Feb
Fitts - The Fed Did Indeed Cause The Housing Bubble
Beware BoE's Monetary Con Trick
UK Young Worker Jobless Hits 15%
Britain Heads To 1930s Style Depression
BoE Warns Banking Tensions At Fever Pitch
Brown Pledges G20 Massive Stimulus
Cherie Blair Hired To Sue RBS & Goodwin
IMF To Print Billions Out Of Thin Air
Oil Drops 5% - OPEC Votes To Keep Levels
Hedge Funds May Sue Porsche Over VW
EU Banks Must Reveal Toxic Assets For Aid
Thailand Questions IMF Loan Rules
Australia Slashes Immigration Over Recession
China Lost Billions In Diversity Drive
Turmoil Pierces Heart Of Global Economy
Air Travel Numbers Down First Time In 17 Yrs
Unemployed Screwed Via Debit Cards, Banks
Stewart Knockout Blow To TV Finance Gurus
Stewart Rips Jim Cramer, Financial System Vid
Barclays Tax Dodge Nets £1 Billion
Brits Suffer 17% Plunge In Wealth
Ukraine, Lativia Warn Disaster If Not Helped
Madoff Victims Want Wife's Wealth
10 Applicants For Every UK Job Vacancy
G20 Summit Approves IMF Cash Boost
Cramer's Explanation Of Stock Mkt Manipulation - Vid
No comments:
Post a Comment