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Tag Archives: Bank Bailouts
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
Tom Hayden : No Deal. We Need Economic Democracy
The bailout, the election, and new hope for the leftBy Tom Hayden / September 24, 2008 The proposed Wall Street bailout is the ultimate lipstick on a pig. Progressives should oppose it, no matter the cosmetics. I speak as a … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Capitalism, Economic Collapse, Economic Democracy, Obama, Progressives, Tom Hayden
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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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BushCo: Keeping Up the Secrecy and Corruption
As Chris Brown, blogging on Political Base, points out, “Paulson and the Bush administration clearly want to mask previous illegal activity and prevent any oversight and accountability. But we’ve seen this type of secrecy and corruption from the Bush administration … Continue reading
David Sirota : The $700 Billion Questions
Treasury Secretary Henry Paulson, with friend. Paulson detailed what he called “a comprehensive approach” to repairing financial markets on Friday, Sept. 19. (Hold on to your wallet.)Using the shock doctrine, Wall Street and Washington’s wrecking crew aim to get the … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Bush Administration, Capitalism, Economic Collapse, Economy, Finance, Henry Paulson, Treasury Dept.
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…Two Ringy Dingy : For a Bailout, Press ‘One’ . . .
Ah, for the good old days. Wait a minute. When were the good old days?‘If you’re calling because you insured billions of dollars’ worth of undocumented, nonperforming mortgages, press or say “two”‘By Alan Neff “Hello! You’ve reached the United States … Continue reading
Market Meltdown: Explanation from an Expert
The spittin’ image of a bad betThe Real Reason for the Global Financial Crisis…the Story No One’s Talking AboutBy Shah Gilani / September 18, 2008 [Part I of a three-part series looking at how so-called “credit default swap” derivatives could … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Economic Collapse, Economy, Finance
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