Tag: bank bailout

October 31, 2008

Paulson’s Swindle Revealed

From The Nation, we get this article . By now, some (maybe most) of you are saying, ‘yeah Bill.  We get it.  We’re getting ripped off and this is Georgie’s last stab at the world for making fun of him all these years.  We’re in the middle of the heist of the century.’ At least, I hope you are. Because once you do, then hopefully […]

October 30, 2008

Iceland: The Canary in the neo-con Coalmine

This retelling of the financial situation in Iceland is direct and honest and clearly illustrates how what happened in Iceland over the last 4-5 years can easily happen in most other developed countries. The main point:  we’ve abdicated our social and financial control to non-governmental and non-democratic organizations that could care less about the welfare of the states that they impose their ‘rules’ on. I’ve […]

October 28, 2008

Paulson’s Plan and the Sucker Who Bought It

Original story here . Folks, this bailout money isn’t about loosening credit for consumers or businesses, but consolidating wealth and power in fewer and fewer banking hands. That’s great business for the banking elites, but lousy business for the US taxpayer. And it’s all being orchestrated by one of their own, in the shape of Hank Paulson , ably assisted by Neel Kashkari , another […]

October 22, 2008

Banks to Sit on Cash

In the US, bankers are admitting that they will likely sit on most of the cash that they’ve received from their government, mainly because ‘no one is going to lend a nickel until the economy turns’. So, as the media hyped up the ‘crisis’ and my dad nearly had a stroke because of the stress levels it induced, banks are going to sit on the […]