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Tag Archives: Economic Collapse
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
The Sky Will Fall in on Them
Weathering the Coming CrisisBy Diane Stirling-Stevens / The Rag Blog / September 25, 2008 Before I share the articles, I’m listing what we are either doing or suggest could be done to further protest this unnecessary bail-out that serves only … Continue reading
More on the Details of the Current Crisis
The Credit Crisis and the Real Story Behind the Collapse of AIGBy Shah Gilani / September 22nd, 2008 [In Part II of his three-story investigation of the credit crisis, Money Morning Contributing Editor Shah Gilani shows us how American International … Continue reading
Barbara Ehrenreich : How Positive Thinking Wrecked the Economy
Greed: The Little Engine that Couldn’tBy Barbara Ehrenreich / September 24, 2008 Greed – and its crafty sibling, speculation – are the designated culprits for the ongoing financial crisis, but another, much admired, habit of mind should get its share … Continue reading
Posted in RagBlog
Tagged Capitalism, Corporate Power, Economic Collapse, Positive Thinking
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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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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
Signs of a Sick Society, Episode XXXIX
And given my firm belief that the worst, by far, is yet to come, our generous and kind society should become really thoroughly fucked up in the coming days. It is clear that our government is generously responsible for a … 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
