Category: disaster capitalism

October 13, 2008

$400 Billion in Lehman Assets ‘lost’

Virtually overnight, nearly $400 billion in assets with Lehman Brothers were ‘lost’ weeks before last week’s global financial debacle. Story from Bloomberg here . Conspiract story here . What do this mean? Is Lehman the only commercial enterprise where assets are disappearing just before bailouts are being rewarded like treats for Pavlovian dogs? This kind of a story begs a lot of questions. For example, […]

October 11, 2008

Murray Dobbin: 6 Ways Harper is Wrecking Canada

Murray Dobbin of The Tyee, posted this article on rabble.ca about how Harper is ruining Canada. Here’s a snapshot summary, but please read the full article.  It’s worth it. Merging Canada with the US Eroding our infrastructure Destroying our surpluses Increasing risks by deregulating Giving in to big oil No planning for growth

October 11, 2008

Socialism for Bankers, Capitalism for the Rest of Us

The financial crisis is what Naomi Klein calls ‘cry-baby capitalism’.  Things are not going as planned.  We need help. But don’t both helping those who really need it. This story offers a nice summary of some thoughts I’ve had recently about the series of bailouts, including those in Canada. Because it’s listed under the author, which means it may be pushed to the bottom next […]

October 11, 2008

Canadian Election: Harper Twists, Turns and Finally Admits Defeat

Stephen Harper and Jim Flaherty were both adamant about the fact that the Canadian government didn’t need to take action in the wake of the financial crisis. They didn’t need to spend money on the automobile industry either. But they did.  In both cases.  At the 11th hour.  Financial story here . Throughout the election, these two characters have repeatedly accused the opposition parties of […]

October 10, 2008

Futher Exploration of the Financial Bailout

People keep asking how and why the financial is happening.  With running commentary from progressive Democrat Dennis Kucinich, Chris Hedges explores the financial crisis in layman’s detail . Basically, Americans got screwed.  The bailout package represents the greatest shift of wealth upwards that the world will ever see and few, if any, pennies will be spent on the 10 or so million Americans that are […]