Questions Answered “Why is everything this way? Who caused it? What are the solutions? Coming soon ..”
Barack Hussein Obama “I think when you spread the wealth around, its good for everybody.”
“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work with all investors.”
It should be very very obvious that all [...]
A small group of U.S. lawmakers planned to offer legislation Thursday to withdraw from the North American Free Trade Agreement in the latest sign of congressional disillusionment with free-trade deals.
Our inability as a Nation to compete with Asian companies really has nothing to do with the salaries of the workers but has much more to [...]
“At least once a week, you hear some Wall Streeter exulting that manufacturing is showing signs of recovery. What he doesn’t tell you is that manufacturing is less than 10 percent of the economy. He won’t mention that sickly consumer-related activity is 75 percent.”
Does anyone think the standard of living that Western societies have been [...]
They did it! The government of your nation did it! They just turned their backs on over a million people on unemployment and denied the extensions! Congress, in the most nefarious and pernicious move seen since “post economic collapse period,” has walked away, went home for the weekend and did not extend unemployment benefits to [...]
“Right now, the 1.2 million workers who will lose benefits in March are being held hostage by partisan attempts to delay and block this critical legislation,” said Christine Owens, executive director of the National Employment Law Project.
Jobless benefits start ending on Sunday
NEW YORK (CNNMoney.com) — Depending on extended unemployment benefits to see you through the [...]
“If we don’t do it, you know this whole city is going to go down. I’m hopeful people will understand that,” Bing said. “If we can incentivize some of those folks that are in those desolate areas, they can get a better situation.”
Detroit Mayor Bing emphasizes need to shrink city
Mayor says it’s not ‘an easy [...]
Greenspan said that while the economy was in worse shape in the Great Depression, the recent financial crisis was potentially more harmful than that in the 1930s because “never had short-term credit literally withdrawn.”
Greenspan just said that the current credit crunch is “by far the greatest financial crisis, globally, ever” — including the 1930s [...]
“According to a spokeswoman, the bank changed the status of the bulk of its consumer checking accounts last year to take advantage of an FDIC policy to provide unlimited account protection to certain types of accounts. When Citi transferred the accounts back to their original status, it triggered the notification of the seven-day requirement,” states [...]
More than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan than their home is now worth, according to a report released Tuesday by FirstAmerican CoreLogic.
As long as
real wages for the working class decline
good paying middle class jobs are outsourced for cheap labor
government refuses to reign [...]
Bonuses on Wall Street rose 17 percent last year to $20.3 billion even as the industry faced a public backlash over pay practices.
While it’s easy to blame the financial industry for this mess, a large part of the trouble was with mortgage backed securities that had been reworked many times since they were merely sub-prime [...]
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