Category: disaster capitalism

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 […]

October 9, 2008

Why Canada Is Safe from the Wave of Financial Disaster

Today, Jim Flaherty disclosed that the Republicans Conservatives will not take any additional action to protect Canadians from the wave of financial distress that is covering the globe. Why are we safe?  Because Canada’s financial environment is more secure than what exists in the US and elsewhere. Why are we safe?  Because privately-held, but government controlled, institutions like the Canadian Deposit Insurance Company (the CDIC) […]