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Tag Archives: Banking
Who’s Minding the Store? $9 Trillion in Mystery Money!
This single class of mystery money isn’t a lot less than the entire US yearly GNP, commonly cited as being about $14 trillion. By Roger Baker / The Rag Blog / May 15, 2009 In this video, we have the … Continue reading
Roger Baker : The Zombie Bank Syndrome
Zombie banker. Image from Mother Jones.Dead Banks Walking. . . Except for the bankers and the Obama administration, the prevailing reaction of many prominent economists is not one of optimism. By Roger Baker / The Rag Blog / May 8, … Continue reading
Charlie Loving: The Banking Lobby
Cartoon by Charlie Loving / The Rag Blog
Democracy’s Turn : Bankers of the World, Untie!
“Can’t Anyone Untie Us?” by Francisco de Goya. When we voted for change last November we weren’t talking about pennies on the dollar. Bankers of the world, untie! By Greg Moses / The Rag Blog / April 24, 2009 It … Continue reading
Acorn: Fighting the Banks to Counter Foreclosures
Jonathan Westin, an Acorn organizer, comforted Denise Parker, whose house was being foreclosed on, after she spoke at an Acorn training session in Brooklyn. Photo: James Estrin/The New York Times.A Bid to Link Arms Against EvictionBy Fernanda Santos / February … Continue reading
Brooksley Born Could Have Saved Us From This Financial Catastrophe
Brooksley Born. Photo source.The Woman Greenspan, Rubin & Summers SilencedBy Katrina vanden Heuvel “Break the Glass” was the code-name high-level Treasury Department figures gave the $700 billion bailout; it was to be used only as a last- resort measure. Now … Continue reading
Fidel Discusses the Tar Sands, Bank Bailouts
Reflections by Comrade Fidel: The Unjustifiable Destruction of the EnvironmentBy Fidel Castro Ruz / December 15, 2008 Can the capitalist society avoid it? News about this issue are far from encouraging. The project to be submitted for approval on December … Continue reading
Rogers: "We’re Going to Have a Lost Decade"
Jim Rogers calls most big U.S. banks “bankrupt”By Jonathan Stempel / December 11, 2008 NEW YORK – Jim Rogers, one of the world’s most prominent international investors, on Thursday called most of the largest U.S. banks “totally bankrupt,” and said … Continue reading
Housing Crisis: 8 Million Foreclosures in 4 Years
Foreclosures could top 8 million: Credit SuisseBy MarketWatch / December 9, 2008 BOSTON — More than 8 million mortgages could go into foreclosure in coming years in the wake of the credit meltdown as the economy worsens and the U.S. … Continue reading
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Financial Crime Scene: Fingering the Perps
This is a very well-written and provocative article by a longtime Treasury Department analyst. It was originally delivered as a speech on Nov. 15, 2008, the first day of the G20 economic summit, at George Mason University in Fairfax, Virginia. … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Bush Administration, Economic Crisis, Economic Democracy, Economy, Federal Reserve, World Economy
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Eschenbach: Solving the Subprime Crisis
Treating the disease, not the symptoms: a comparison of proposed solutions to the problems resulting from the bursting of the housing bubble.By Sid Eschenbach / The Rag Blog / November 16, 2008 There have been a variety of proposals for … Continue reading
