Tag Archives: Banking

Legalized Loan Sharks : Usury With Fangs

“Shark Attack,” pen and ink illustration by Tom Grady / Pulse.The spoils of credit card ‘reform’:Unregulated interest rates skyrocket By Ted McLaughlin / The Rag Blog / December 21, 2009 According to the Oxford American Desk Dictionary, the definition of … finish reading Legalized Loan Sharks : Usury With Fangs

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Fixing the Economy? Like Filling a Leaky Bucket

“Old tin bucket.” Photo by {JO} / Flickr.Bucket’s got a hole in it:Can we revive the U.S. economy? By Roger Baker / The Rag Blog / December 13, 2009 Is trying to fix the U.S. economy like trying to fill … finish reading Fixing the Economy? Like Filling a Leaky Bucket

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Economy and Unemployment : Real Recovery a Long Shot

Photo from OOlaah.comReal unemployment nears depression levels;Sustained recovery appears unlikely By Roger Baker / The Rag Blog / December 6, 2009 It should come as no big surprise that our economy is in worse shape than the U.S. government would … finish reading Economy and Unemployment : Real Recovery a Long Shot

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Understanding our Economic Fix : The Crippled Financial System

Cartoon by Manny Francisco / Manila Times / Black Commentator.The product of neocon economics:Our badly damaged financial system By Sherman DeBrosse / The Rag Blog / December 5, 2009 The Democrats could lose between 20 and 35 House seats in … finish reading Understanding our Economic Fix : The Crippled Financial System

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A Modest Proposal : Eat the Rich!

Photo by chrisjfry / Flickr.Serve the people!Carve up Wall Street By Alex Knight / The Rag Blog / November 20, 2009 See Amy Goodman’s interview with Robert Scheer on Wall Street and the economy, from Democracy Now!, Below. Yesterday, Democracy … finish reading A Modest Proposal : Eat the Rich!

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FILM / Michael Moore : Anti-Capitalism Goes Mainstream

Capitalism: A love Story… Michael Moore’s new film names the systemAnd presents a radical democratic critique By Alex Knight / The Rag Blog / October 27, 2009 Capitalism: A Love Story, which opened in 962 theaters earlier this month, is … finish reading FILM / Michael Moore : Anti-Capitalism Goes Mainstream

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Who Owns Congress? (Hint : Wall Street)

And where’s the outrage?Wall Street owns Congress By Sid Eschenbach / The Rag Blog / October 11, 2009 See ‘On the government’s owners’ by Glenn Greenwald, Below. A few years ago, Bill Bennett wrote a book entitled The Death of … finish reading Who Owns Congress? (Hint : Wall Street)

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Wall Street Tycoons : Why Are None Behind Bars?

Royal / Capitalist Banker series / mejuan.Why haven’t any Wall Street tycoons been sent to the slammer? The absence of what many would call justice stands out all the more because past financial crises always had their villains. by Kevin … finish reading Wall Street Tycoons : Why Are None Behind Bars?

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Bank Struggles and the ‘Science’ of Economics

As bank struggles worsen:The ‘science’ of economics By Roger Baker / The Rag Blog / August 31, 2009 See ‘Meltdown 101: Why banks’ struggles have worsened,’ by Marcy Gordon, Below. A viewpoint inspired by some bad banking news is cited … finish reading Bank Struggles and the ‘Science’ of Economics

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Money Alone Is Not Wealth

America, smitten with financial sector, must build true wealthBy Anna Manzo / Thursday, August 27, 2009 The unemployment rate at the end of July was 9.4 percent and is expected to reach 10 percent by year’s end. If part-time workers … finish reading Money Alone Is Not Wealth

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Banking : Independence and the Texas Patels

A rupee saved is a rupee earned. In contrast to the frozen giants of global finance who drag us every day down closer to the next bottom… the Texas Patels are moving their Dallas banking enterprise into competition with billion-dollar … finish reading Banking : Independence and the Texas Patels

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Obama’s Financial Reform: Just Plugging a Few Leaks Rather Than Repairing the Dam

US Treasury Secretary Tim Geithner told the Senate Banking Committee that he plans to reform the system of financial regulation. Photo: Bloomberg.Only a Hint of Roosevelt in Financial OverhaulBy Joe Nocera / June 17, 2009 Three quarters of a century … finish reading Obama’s Financial Reform: Just Plugging a Few Leaks Rather Than Repairing the Dam

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