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Tag Archives: Federal Reserve
Roger Baker : Fed’s $2 Trillion Won’t Buy Much
Cartoon from Black Commentator.Time to reboot?Fed’s big bucks may be drops in bucket By Roger Baker / The Rag Blog / October 14, 2010 As is often the case, Bloomberg tells it like it is, although a little interpretation is … Continue reading
Posted in Rag Bloggers
Tagged Banking, Economics, Federal Reserve, Financial Crisis, Roger Baker
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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
Jim Hightower : ‘Too Big to Fail’ Is Too Big, Period.
Too big to fail. Photo by Jennifer Szymaszek / AP / Noise Between Stations. The ‘too big’ claim forms the rationale for the diversion of regular people’s money into rich people’s pockets. By Jim Hightower / April 4, 2009. As … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Federal Reserve, Finance, Jim Hightower, Wall Street Bailout
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Roger Baker on the Economy : Sick and Getting Sicker
Image: 1929 Rollin Kirby cartoon on Stock Market Crash, courtesy of Kiko’s House.‘At this point, even megadoses of federal stimulation are having little effect in restoring confidence and reflating the collapsing bubble of US capital investment.’By Roger Baker / The … Continue reading
Posted in Rag Bloggers
Tagged Economic Collapse, Economic Recovery, Economic Stimulus, Federal Reserve, Global Economy
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Our Economic Trainwreck : Trying to Get Back on Track
The Wrecked Economy: What has Been Done to Address ItBy Sherman DeBrosse / The Rag Blog / December 17, 2008 [This is the second of a three-part series on the economy by The Rag Blog’s Sherman DeBrosse.] When Secretary of … Continue reading
Posted in Rag Bloggers
Tagged Economic Collapse, Economic Recovery, Economy, Federal Reserve, Henry Paulson, Treasury Dept.
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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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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
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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They’re Not Done Robbing Us Yet !!!!!
Administration Floats New Stimulus PlanBy Jeannine Aversa / October 20, 2008 Momentum is building for a fresh dose of economic stimulants to boost the country out of the doldrums – perhaps by putting more money in Americans’ pockets. The White … Continue reading
ECONOMY : Size Matters When You’re Bailing Out!
1943 photo of Merchant Marines bailing out of a lifeboat.What good is money if you can’t spend it on stuff like oil, right?By Roger Baker / The Rag Blog / September 10, 2008 Since Lehman Brothers investment bank (the type … Continue reading
Posted in Rag Bloggers
Tagged Bank Bailouts, Economic Collapse, Economy, Federal Reserve, Finance
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A Chance to Be Heard Above the Propaganda
Federal Reserve buildingA Master-Slave Society: Democrats in Denver Should Skip One of Their Parties and Read the American Monetary ActBy Richard C. Cook / August 28, 2008 How are things going at the Democratic Party National Convention in Denver this … Continue reading
