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Tag Archives: Finance
A Heartbeat Away from Tuesday
‘This coming Tuesday as we vote for a new American president and vice president there will be many voters who haven’t read the fine print about John McCain.’By Larry Ray / The Rag Blog / October 29, 2008 It seems … 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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Bush’s Bailout Tanks; What Austin Thinks
Congress failed to pass the economic bailout plan today: the pundits are atwitter, the stock market has tanked, the politicos are pointing fingers, and the doomsday prophets are taking center stage. And George the Decider has added a final (one … 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
‘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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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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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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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
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 College Students Need Not Apply : Our Reward for Bailing Out the Banks
‘The following lenders have started turning away from community college students: Citibank, JPMorgan Chase, SunTrust, and PNC’by Kesi Foster / September 3, 2008 “Since so many students at community college work full-time, I bet we’re actually paying a great deal … Continue reading
Posted in RagBlog
Tagged African-American, Banking, Campuses, Community Colleges, Economy, Finance, Student Loans
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