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Tag Archives: Finance
How ACORN Took a Bite Out of Predatory Lending
ACORN has organized low income people to fight predatory lending practices since the late 1990’s.The ACORN I Know… A handful of ACORN staff people with great expertise and unrelenting effort organized thousands of members to drive this campaign until Household … Continue reading
The Demand Crisis and the Wall Street Pirates. Aaaargh!
The Demand Crisis We could demand that all the pirate trunks of ‘toxic assets’ be loaded onto flatbed trucks and driven back to California where they belong. Overnight, California would need no more IOU’s. By Greg Moses / The Rag … Continue reading
Posted in Rag Bloggers
Tagged Capitalism, Economics, Finance, Financial Crisis, Wall Street
5 Comments
David Zeiger : Open Letter to Michael Moore from a Madoff Victim
Bernie Madoff and his investors: of an ilk? Photo by Don Emmert / AFP / Getty Images.An Open Letter to Michael Moore I was stunned to see you take a broad, uninformed swipe at everyone who invested money with [Bernie] … Continue reading
Posted in Rag Bloggers
Tagged Bernie Madoff, Filmmakers, Finance, Investments, Michael Moore
2 Comments
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
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
1 Comment
‘Bank Holiday’ Coming? Obama and the Crippled Economy
The Bush near-depression spirals downward while President Obama’s powers to act seem circumscribed . . .there are many interrelated parts of this deep economic crisis. Nothing improves until the banks are again stable and are lending money. The banks in … Continue reading
Posted in Rag Bloggers
Tagged Economic Crisis, Economic Recovery, Finance, Stimulus Bill
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No Wealth Creation Since the Turn of the Millennium
Decade at Bernie’sBy Paul Krugman / February 15, 2009 By now everyone knows the sad tale of Bernard Madoff’s duped investors. They looked at their statements and thought they were rich. But then, one day, they discovered to their horror … Continue reading
Homeowners Storm Gold Coast Mansions of ‘Predatory Lenders’
Neighborhood Assistance Corp. of America (NACA) members outside the home of Greenwich Financial’s William Frey on Sunday, Nov. 8, 2009. Photo by Danielle Robinson / The Hour / AP.Grab Your Torch ‘n Pitchfork! ‘Sporting bright yellow shirts that read, “Stop … Continue reading
Posted in RagBlog
Tagged Economic Crisis, Finance, Foreclosures, Loan Sharks, Social Action
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Foreclosed On? Congresswoman Says: Stay and Fight
Rep. Marcy Kaptur, D-Ohio, wants those losing their homes to stay and fight. Photo by Rick Bowmer / AP.‘So I say to the American people, you be squatters in your own homes,’ said Congresswoman Kaptur before the House of Representatives. … Continue reading
Posted in RagBlog
Tagged Direct Action, Economic Crisis, Finance, Foreclosures, Housing Crisis
2 Comments
John Thain, Ex of Merrill Lynch : Flush Here
Former Merrill Lynch CEO John Thain. Not Clark Kent. Photo by Albert Watson / Fortune. If you enjoy an item which carries a punch line — esp. one which is unexpected–then this item deserves your reading. Clarification: a blogger started … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Corporate Profits, Finance, Obama Administration, Tim Geithner
3 Comments
Roger Baker : Capitalism and its Minsky Moment
Minsky’s Burlesque. [Basically the same thing.] Photo by Peter Stackpole, 1938 / Life / © Time Inc.‘Whenever capitalism seems to have mastered the secret of eternal success, it has a natural urge to step on the gas pedal.’By Roger Baker … Continue reading
Posted in Rag Bloggers
Tagged Capitalism, Economic Crisis, Finance, Global Economy, Minsky
1 Comment
The Bailouts? Not Much For the Common Guy
Trillions to financial Terra Incognita; So far very little for ordinary AmericansBy Sherman DeBrosse / The Rag Blog / January 8, 2008 At this moment, the cost of the bailouts, including guarantees, stands at $ 7.2 billion. That includes a … Continue reading
Posted in Rag Bloggers
Tagged Automobile Bailout, Bank Bailouts, Economic Recovery, Finance, Global Economy
2 Comments
