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Tag Archives: Wall Street
Acts of Contrition : C’mon Fatcats, Tell Us You’re Sorry
Of Saints and sinners: ‘Saint Peter Repentant’ 1823-25 , Goya.Along with the bailout, how about an apology? By William Greider / September 26, 2008 The arresting image of Treasury Secretary Paulson genuflecting before House Speaker Nancy Pelosi sent gasps and … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Congressional Bailout, Henry Paulson, Wall Street
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Keating Five Ring a Bell? Remember That John McCain?
Sen. John McCain at a March 1990 hearing of the Senate Ethics Committee investigating the relationship between a group of senators and banker Charles Keating Jr. Photo by John Duricka / AP.Past collides with Present: McCain, the Keating Five and … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Economic Collapse, Keating Five, McCain, Political Ethics, Political Scandal, U.S. Senate, Wall Street
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Washington Mutual Goes South
Following a scramble by government regulators to find a buyer, JPMorgan Chase & Co. says it will acquire the operations of Washington Mutual after the nation’s largest savings and loan was seized by the FDIC on Thursday. Photo: Mark Lennihan, … Continue reading
Rep. Lloyd Doggett on Bush’s ‘Gilded Trillion-Dollar Bridge to Wall Street’
Treasury Secretary Henry Paulson, left, talks with Rep. Lloyd Doggett, D-Texas, center, on Capitol Hill in Washington, Feb. 13, 2008. House Budget Committee Chairman Rep. John Spratt, D-S.C., is at right. Photo by J. Scott Applewhite / AP.What’s wrong with … Continue reading
Jim Hightower : Banking Jobs on the Move (Overseas)
‘These powerhouse bankers – who profit enormously from America’s people, laws, protections, and subsidies – no longer feel any responsibility for providing good American jobs’By Jim Hightower / September 25, 2008 Let’s hear it for Citigroup, Goldman Sachs, Morgan Stanley, … Continue reading
Turning to High-Tech to See Through the Economic Mess
Fighter pilot helmet with x-ray vision — to see through those marble walls! And that ain’t nothin, honey.Using 21st century anti-insurgency technology to prevent the next stock market meltdownBy Doug Porter / September 23, 2008 The Washington Post and the … Continue reading
Posted in RagBlog
Tagged Counterinsurgency, Economic Collapse, Economy, Technology, Wall Street
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‘Monument to Audacity’ : Bailout is No Solution
OK. You’re bailed out. But don’t do nothin’ bad.No Bail Out. We want a Buy Out.By David P. Hamilton / The Rag Blog / September 24, 2008 The bailout of the US financial sector is going to happen because the … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Capitalism, Economic Collapse, Finance, Socialism, Wall Street
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Bailout : Paulson Could Easily Throw in a Few Hundred Million of His Own Bucks
Henry (Hank) Paulson in 2004 when he was chairman and chief executive of Goldman Sachs. He left with full pockets. Photo by Graham Barclay / Bloomberg News.After all, Goldman Sachs left him in pretty good shapeBy Duncan Echelson / The … Continue reading
Posted in Rag Bloggers
Tagged Bank Bailouts, Economic Collapse, Henry Paulson, Wall Street
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Economic Meltdown : Are We a Nation of Village Idiots?
‘Conservative Republicans always want the government to stay out of business and avoid regulation as long as they are making lots of money’By James Moore / September 18, 2008 Don’t let them tell you this economic meltdown is a complicated … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Capitalism, Economic Collapse, Economy, Finance, Market Regulation, McCain, Phil Gramm, Republican Party, Wall Street
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Jim Hightower : Sarah Palin’s Faux Populism
Talking populist? Here’s the real thing: Progressive labor leader and community organizer Mother Jones.‘Living in a small town and being able to field dress a moose does not make Palin a populist, no matter how much pundits want to pretend … Continue reading
Posted in RagBlog
Tagged Jim Hightower, Populism, Presidential Campaign, Progressives, Sarah Palin, Wall Street
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A Nightmare on Wall Street
The credit crunch is morphing from an American-centred financial crisis into a global economic crisis,” says David Bowers of Absolute Strategy Research… ‘Borrowing our way to prosperity’By Roger Baker / The Rag Blog / August 29, 2008 Damnation! The problems … Continue reading
Posted in Rag Bloggers
Tagged Credit, Economic Collapse, Economy, Finance, Wall Street, World Economy
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ECONOMY : The Cascading Effect of Peak Oil
Photo by Mannie Garcia / Bloomberg News.‘Don’t take a weatherman’: Credit Default SwapsBy Roger Baker / The Rag Blog / August 24, 2008 I’m no expert on these financial instruments, but as we used to say, it don’t take a … Continue reading
Posted in Rag Bloggers
Tagged Bank Bailouts, Economy, Federal Reserve, Finance, Peak Oil, Wall Street, World Economy
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