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Tag Archives: Bank Bailouts
Keeping the Panic Pressure On
Thousands of Troops Are Deployed on U.S. Streets Ready to Carry Out “Crowd Control”By Naomi Wolf / October 8, 2008. Members of Congress were told they could face martial law if they didn’t pass the bailout bill. This will not … Continue reading
Rep. Cummings: "I wonder how he sleeps at night."
Longtime Lehman Brothers Chief Executive Richard S. Fuld Jr., testifies before the House Oversight and Government Reform Committee on Monday. Photo: Susan Walsh, APLehman Brothers Brass Sought MillionsBy Julie Hirschfeld Davis / October 6, 2008 WASHINGTON — Days from becoming … Continue reading
When the Common User Questions the Economic Justice of Capitalist Executive Compensation
Steve Schwarzman, Chairman and CEO Blackstone Group (BX)2007 Total compensation: $350.7 millionI wonder why Paulsen didn’t hit upon the billionaires and the 25 HIGHEST PAID MEN IN THIS COUNTRY for that money!By Diane Stirling-Stevens / The Rag Blog / October … Continue reading
Post-Bailout : Why the Stock Market Still Plunged
Unemployment, tempera on paper by Ben Shahn, 1938. © Private Collection/Christie’s Images / The Bridgeman Art Library.It’s the economy, stupid….By Steve Russell / The Rag Blog / October 4, 2008 Why, I was asked off line, did the market dive … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Economic Collapse, Economy, Stock Market, Unemployment, Wall Street Bailout
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We Will Pay Because God Loves the Rich
And as we all know, worms do not rise up in revolt. That takes a backbone.Speaking in the Tongues of Brokers: The Bailout in Plain EnglishBy Joe Bageant / October 2, 2008 Any number of cultural historians have noted the … Continue reading
The End of America As We Know It?
A Father Sounds An AlarmBy Ray Zwarich / The Rag Blog / October 3, 2008 Like many readers of the Rag Blog, I have been a leftist since the Tet Offensive set off a political awakening in a nice middle … Continue reading
Using Depression-Era Tactics for Survival
Weathering the Coming Crisis, Part IIBy Diane Stirling-Stevens / The Rag Blog / October 3, 2008 A week or so ago, I wrote up some of the things we’re doing to minimize problems in our lives, with this bail-out and … Continue reading
Bernie Sanders: Alternatives to the Massive Bailout
Bailout Passes Senate; 9 Reasons That’s Bad News for YouBy Sen. Bernie Sanders / October 1, 2008. Forcing each American to fork over $2,200 at a time when median family income has declined by as much is no way to … Continue reading
Michael Moore : Bucks Not Delivered; People Say ‘No’
‘Hundreds of thousands of Americans woke up yesterday morning and decided it was time for revolt’By Michael Moore / September 30, 2008 Everyone said the bill would pass. The masters of the universe were already making celebratory dinner reservations at … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Congress, Economic Collapse, Financial Crisis, Populism
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Experts Weigh in on the Financial Services Crisis
Bailout BurnoutBy Lila Shapiro / September 29, 2008 Yesterday the house rejected Paulson’s $700 billion rescue plan 228-205. Today, Congress breaks for Rosh Hashanah. Between the finger pointing (It’s Nancy’s fault!!!!), and the mavericking, it’s hard to get a grasp … Continue reading
Wall Street Bailout and the Republican Right : Far from Populist Heroes!
Sandra Hines, of Detroit, who said she lost her home after 40 years, speaks at the Spirit of Detroit statue to protest the government bailout of financial institutions on Thursday, Sept. 25, 2008 in Detroit. Photo by Rashaun Rucker / … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Campaign Finance, Economic Collapse, Republican Party, Right Wing, Wall Street, Wall Street Bailout
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Bush’s Bailout Tanks; What Austin Thinks
Congress failed to pass the economic bailout plan today: the pundits are atwitter, the stock market has tanked, the politicos are pointing fingers, and the doomsday prophets are taking center stage. And George the Decider has added a final (one … Continue reading
