As a third world country I won’t.
Instead of a V-shaped recovery, Johnson predicts it will look more like a “bathtub,” with slippery sides that will be impossible for the global economy to climb.
When you look at the depression, it really was just a contraction caused by over consumption. It really was just a series of [...]
Our “adversary” media have been extremely deferential toward those promoting the looting of the American taxpayers during the ongoing economic and financial crisis. However, Bloomberg News should be congratulated for filing suit against the Federal Reserve in an effort to disclose the securities the central bank is accepting on behalf of American taxpayers as collateral [...]
Nov. 7 (Bloomberg) — Bloomberg News asked a U.S. court today to force the Federal Reserve to disclose securities the central bank is accepting on behalf of American taxpayers as collateral for $1.5 trillion of loans to banks.
The lawsuit is based on the U.S. Freedom of Information Act, which requires federal agencies to make government [...]
What a freak show we had in Congress this morning with Bernanke and then Paulson’s “wham-bam-screw-you-taxpayer” speech.
Let’s start with Bernanke’s “testimony”.
How many times was he asked a specific question - in his professionally-claimed role as an economist - that he refused to answer?
And for each refused answer, the DOW fell 25 points. [...]
On bailout: “It’s an immoral system. You’re asking the poor people to bail out the rich”
In time, we’re all going to suffer from bailout with higher prices, congressman says
If creating more money was the solution, nobody would ever have to work, he says
U.S. Rep. Ron Paul, who has been an opponent of the government’s bailout [...]
Senator ,
Please do not vote for the BailOut.
If this year continues as it has, it will be the first year in over twenty that my net worth declined.
However, if the BailOut bill is passed, next year will be the first year in my life that I have lived in a socialist state.
Wall Street is working [...]
The U.S. government’s seizure of Fannie Mae and Freddie Mac has triggered more than $1 trillion of credit default swaps tied to the mortgage giants.”
That trigger fired the starting gun for a stampede to dump as much toxic paper as possible into the lap of the US Government. Just what bankers and money managers [...]
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