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Tag Archives: Bank Bailouts
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
Loving: What Are You Looking At ?
Cartoon by Charlie Loving / The Rag Blog
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
The Wall Street Bailout Is "Borderline Criminal"
Treasury Secretary Henry Paulson and Friends announcing terms of the bailout.In Praise of a Rocky TransitionBy Naomi Klein / November 13, 2008 The more details emerge, the clearer it becomes that Washington’s handling of the Wall Street bailout is not … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Criminal Justice, Wall Street Bailout
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Roberts: The US Is a Bankrupt Superpower
Crisis Is Beyond The Reach of Traditional SolutionsBy Paul Craig Roberts / November 13, 2008 By most accounts the US economy is in serious trouble. Robert Reich, an adviser to President-elect Obama, calls it a “mini-depression,” and that designation might … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Debt, Economic Crisis, U.S. Government
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Questions About Who’s Getting the Bailout Bucks
Federal Reserve Chairman Ben Bernanke and Treasury Department Secretary Henry Paulson are central figures in the government’s efforts to rescue the country’s financial system — efforts that, thus far, have aroused the concerns of critics concerned with the transparency of … Continue reading
More Bailout Bonanza : A Quiet Windfall for U.S. Banks
Lotsa’ kibble: Typical US banker post-bailout windfall, thanks to sneaky tax law adjustment.‘Corporate tax lawyers quickly realized the enormous implications of the document: Administration officials had just given American banks a windfall of as much as $140 billion.’ By Amit … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Bush Administration, Economic Collapse, Political Corruption, Tax Breaks, Treasury Dept.
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