Thorne Webb Dreyer, Editor
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Tag Archives: Economic Collapse
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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Not Polite Lobbying But a Return to the Streets
Free market ideology is far from finishedBy Naomi Klein / September 19, 2008 But with Wall Street rescued by government intervention, there’s never been a better time to argue for collectivist solutions Whatever the events of this week mean, nobody … Continue reading
Being Realistic Eventually Turns Out To Be Right
The Karl Marx and Friedrich Engels monument in Berlin.Photo: commons.wikimedia.org / Manfred BrückelsReality Catches Up to the Free MarketBy William Pfaff / September 18, 2008 Karl Marx, were he still about, would surely be interested in the report that unregulated … Continue reading
Times are Hard and Tent Cities Are on the Rise
Mack Martinez, 19, of Cedar Rapids, Iowa, smokes in front of his tent at the tent city that sprung up next to the homeless shelter in downtown Reno, Nev., Wednesday, June 25, 2008. Photo by Scott Sady / AP.‘From Seattle … 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
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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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Roger Baker : This Ain’t Your Father’s ‘Economic Crisis’
Great Depression: Sign of the times.‘This is not something like the Great Depression that can be corrected by a decade of hard times and even war’By Roger Baker / The Rag Blog / September 16, 2008 I think that now … Continue reading
Posted in Rag Bloggers
Tagged Depression, Economic Collapse, Economic Recovery, Economy, Great Depression
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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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Community Organizers Fight Back
After graduating college, Barack Obama worked for three years, first in Harlem and then in Chicago, as a community organizer.‘Community organizers work in neighborhoods that have been hit hardest by the failing economy’September 4, 2008 Community organizers across America, taken … Continue reading
Posted in RagBlog
Tagged Community Organizing, Economic Collapse, Obama, Republican Convention, Sarah Palin
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Pop Goes Another (Banking) Weasel
The notice that appears if you visit the Integrity Bank Web siteIntegrity Bank Becomes 10th U.S. Failure This Year (Update2)By Alison Vekshin and Ari Levy / August 29, 2008 Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, … Continue reading
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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US Banking: The Shit Has Yet to Hit the Fan
Large U.S. Bank Collapse Seen AheadBy Jan Dahinten / August 19, 2008 SINGAPORE — The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world’s … Continue reading
