Thorne Webb Dreyer, Editor
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Tag Archives: Banking
The Wall Street Bailout Is "Borderline Criminal"
Treasury Secretary Henry Paulson and Friends announcing terms of the bailout.In Praise of a Rocky TransitionBy Naomi Klein / November 13, 2008 The more details emerge, the clearer it becomes that Washington’s handling of the Wall Street bailout is not … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Criminal Justice, Wall Street Bailout
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Roberts: The US Is a Bankrupt Superpower
Crisis Is Beyond The Reach of Traditional SolutionsBy Paul Craig Roberts / November 13, 2008 By most accounts the US economy is in serious trouble. Robert Reich, an adviser to President-elect Obama, calls it a “mini-depression,” and that designation might … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Debt, Economic Crisis, U.S. Government
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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
More Bailout Bonanza : A Quiet Windfall for U.S. Banks
Lotsa’ kibble: Typical US banker post-bailout windfall, thanks to sneaky tax law adjustment.‘Corporate tax lawyers quickly realized the enormous implications of the document: Administration officials had just given American banks a windfall of as much as $140 billion.’ By Amit … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Bush Administration, Economic Collapse, Political Corruption, Tax Breaks, Treasury Dept.
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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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Surprise! : Banks to Use Bailout Bucks for Mergers
The Rag Blog reported yesterday, in a story titled Salary Bonuses Constitute 10% of the Bailout that pay and bonus deals for corporate bigwigs account for about ten percent of the government bailout package. Here’s more good news: Big banks … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Congressional Bailout, Economy, Financial Crisis, Monopoly Capitalism
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Salary Bonuses Constitute 10% of the Bailout
Demonstrators protesting in New York before the $700bn Wall Street bail-out earlier this month. Photograph: Nicholas Roberts/AFP/Getty imagesWall Street banks in $70bn staff payoutBy Simon Bowers Pay and bonus deals equivalent to 10% of US government bail-out package Financial workers … Continue reading
The GOP’s Blame-ACORN Game
Graphic by Christopher Serra / The Nation.‘Since the 1970s ACORN, which has 400,000 low- and moderate-income “member families,” has been warning Congress to protect borrowers from the banking industry’s irresponsible, risky and predatory practices.’By Peter Dreier & John Atlas / … Continue reading
Posted in RagBlog
Tagged ACORN, Banking, Campaign Tactics, Community Organizing, Finance, Racism, Republican Party, Social Action, Voter Fraud, Voter Registration
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The Bailout Monster : Feed Me!
Just wait until next month, sucker.By Roger Baker / The Rag Blog / October 22, 2008 See ‘Fed to Provide Up to $540 Billion to Aid Money Funds’ by Craig Torres and Christopher Condon, Below. Dividing $540 billion by the … Continue reading
Posted in Rag Bloggers
Tagged Banking, Economic Collapse, Economy, Global Economy, Money Markets, Wall Street Bailout
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Corporate Contrition Is an Outdated Concept?
Members of the activist group ‘Code Pink’ waved signs marked with the words “shame” and “greed” when Richard S. Fuld Jr., CEO of now-bankrupt Lehman Brothers, arrived to testify before the U.S. House Oversight and Government Reform Committee on Oct. … Continue reading
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
Europe Blames US for Financial Crisis; Failure of Government Oversight
Failed British bank, Northern Rock.As crisis spreads, Europe points finger at AmericaBy Jenn Abelson / October 11, 2008 LONDON – Financial firms are reeling in the United Kingdom, Ireland, and the Netherlands. Iceland is on the brink of national bankruptcy. … Continue reading
