Thorne Webb Dreyer, Editor
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Tag Archives: Bank Bailouts
Perhaps There Is a Little Justice in This World
Pedestrians walk by the American International Group Inc. building in New York, Sept. 17, 2008. Photographer: Ramin Talaie/Bloomberg NewsPelosi, Kerry May Share Investor Pain as AIG Stakes EvaporateBy Jonathan D. Salant / September 19, 2008 The market storm that brought … Continue reading
Harry Reid: "No One Knows What to Do"
The Point of No ReturnBy Mike Whitney / September 19, 2008 Following another eratic day of trading on the stock market, Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke convened an emergency meeting of the Senate Banking Committee … Continue reading
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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Thomas Cleaver : The Republicans and Socialism for the Rich
Mr. Burns, the one secretly in charge: ‘Excellent!”Who says the Republicans don’t believe in socialism?By Thomas Cleaver / The Rag Blog / September 17, 2008 …Or at least socialism for the rich, when their incompetence threatens to kill them all. … Continue reading
Posted in Rag Bloggers
Tagged Bank Bailouts, Banking, Economic Collapse, Economy, Finance, Republican Party
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And the Dow Dropped More Than 500 Points, Too
The Frankfurt branch of the Lehman Brothers bank is pictured in Frankfurt September 15, 2008. Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal … Continue reading
Lehman Declined to Comment on the Talks
Just two short days ago, we posted this. No need to say much more, although I reiterate this is going to get really bleak before it gets any better. We just bet Lehman doesn’t have too much to say about … Continue reading
Bailout Blues: We Ain’t Seen Nothing Yet
A Conservative Confidence GameBy Deborah Stone / September 9, 2008 Leave it to Fannie and Freddie to do for American politics what reasoned argument failed to do–strip the clothes off the Emperor of Markets. The fuss over whether government should … 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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The Economic Vocabulary Was Turned Into Double-Think
An Interview with Economist Michael Hudson… The worsening debt crisis: Who got us into this mess and what are the real political options?By Mike Whitney / September 8, 2008 Michael Hudson is a former Wall Street economist specializing in the … Continue reading
The Con-Servative Way: Privatize the Profits and Socialize the Losses
Fannie Mae, Freddie Mac: Phase two of financial crisisBy Jack Rasmus / September 1, 2008 Despite repeated efforts during the past year by the Federal Reserve (Fed), the U.S. Treasury, regulatory agencies, and global central banks, the current financial crisis … Continue reading
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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ECONOMY : Trickle Down from the Bailouts
‘The federal government is drowning in a sea of red ink’By Roger Baker / The Rag Blog / August 19, 2008 Bernanke and his crew at the fed bailed out Bear Stearns at taxpayer expense because they feared not doing … Continue reading
