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Tag Archives: Economic Collapse
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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Jim Hightower : The Five Most Wanted Men from Wall Street and Washington
Our economy didn’t melt down, it was taken down by ideological extremists.By Jim Hightower / November 3, 2008 What the hell’s happening here? Why is my bank in the tank? And my house and job? And my retirement money? Even … Continue reading
Posted in RagBlog
Tagged Banking, Corporate Corruption, Economic Collapse, Economy, Federal Reserve, Financial Crisis, Jim Hightower, Wall Street
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William Blum on McCain and Much More
Jay McShann playing piano in a whore house. The Anti-Empire Report: Read this or George W. Bush will be president the rest of your life By William Blum / The Rag Blog / October 30, 2008 Don’t tell my mother … Continue reading
Posted in RagBlog
Tagged American Society, Bill Ayers, Economic Collapse, Electoral politics, George W. Bush, John McCain, William Blum
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Economic Crisis : It’s World-Wide and Long-Term
It’s not getting better any time soon.By Roger Baker / The Rag Blog / October 26, 2008 See ‘US government throws oil on fire’ by Henry C K Liu, and ‘What now?’ by Jim Kunstler, Below. The economic crisis is … Continue reading
Posted in Rag Bloggers
Tagged Economic Collapse, Financial Crisis, Global Economy, Great Depression
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The Bailout Monster : Feed Me!
Just wait until next month, sucker.By Roger Baker / The Rag Blog / October 22, 2008 See ‘Fed to Provide Up to $540 Billion to Aid Money Funds’ by Craig Torres and Christopher Condon, Below. Dividing $540 billion by the … Continue reading
Posted in Rag Bloggers
Tagged Banking, Economic Collapse, Economy, Global Economy, Money Markets, Wall Street Bailout
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How Will the Crash of 2008 Impact the Elderly?
Health care, the nursing home, the retirement home, and, heaven help us, John McCain.By Dr. S. R. Keister / The Rag Blog / October 15, 2008 One of the most frightening aftereffects of the crash of 2008 will be the … Continue reading
Canary in the Mineshaft : Cautionary Tales of Suicide, Bigotry
Was this house worth dying for?In this July 23, 2008 file photo, the Taunton, Mass. house This was the home of Carlene Balderrama, 53, who fatally shot herself soon after faxing a letter to her mortgage company July 22, saying … Continue reading
Posted in RagBlog
Tagged American Society, Bankruptcy, Economic Collapse, Economy, Foreclosures, Racism, Suicide
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Towards Market Fascism : America’s Political Cannibalism
Even got too hot for John: McCain takes the microphone from a woman at a rally Friday in Lakeville, Minn., after she said: “I don’t trust Obama. … He’s an Arab.” Photo by Jime Mone / AP. This should be … Continue reading
Posted in RagBlog
Tagged Capitalism, Corporate Corruption, Economic Collapse, Fascism, Free Market, Right Wing
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Knee-Jerk Bailout Policy as Financial Cure-All? Here’s a Moderate Alternative.
Lower the hammer on knee-jerk policies.‘The following economic essay is an intelligent alternative to the current economic crisis response under Paulson and Bernanke.’By Roger Baker / The Rag Blog / October 13, 2008 Would the following moderate but sensible approach, … Continue reading
Posted in Rag Bloggers
Tagged Bank Bailouts, Economic Collapse, Economic Recovery, Economy, Wall Street Bailout
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Paul Craig Roberts Proposes an Economic Fix
Source, and for additional information about the market free-fall.A Solution?By Paul Craig Roberts / October 10, 2008 Readers have been pressing for a solution to the financial crisis. But first it is necessary to understand the problem. Here is the … Continue reading
Fairie Tale About the Economy : You Gotta Believe
‘Healing our sick economy is going to take the power of faith.’By Roger Baker / The Rag Blog / October 9, 2008 Interestingly enough, those who understand the mysteries of the US economy advise us that once we have faith … Continue reading
Posted in Rag Bloggers
Tagged Capitalism, Economic Collapse, Economy, Financial Crisis
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Visualize Industrial Collapse Dept.
Propping up Capitalism…‘A hundred billion in federal guarantees here, a trillion there, it all adds up.’By Roger Baker / The Rag Blog / October 7, 2008 Don’t focus on the Dow too much. More important is probably how Bernanke is … Continue reading
Posted in Rag Bloggers
Tagged Capitalism, Economic Collapse, Economy, Financial Crisis, Wall Street Bailout, World Economy
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